Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.5.0.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Oil and natural gas sales $ 14,635 $ 17,546 $ 44,458 $ 62,922
Operating costs and expenses:        
Production expense 7,162 7,859 25,756 26,637
Exploration expense 2 8,975 4 9,701
Depreciation, depletion and amortization 1,607 8,256 5,787 23,484
General and administrative expense 2,420 2,669 8,853 9,379
Impairment of proved properties 88 17,988 88 29,208
Other operating expense 324   9,959  
General and administrative related to shareholder matters 85   (350)  
Bad debt expense and other 63 2,750 577 3,326
Total operating costs and expenses 11,751 48,497 50,674 101,735
Other operating income (loss), net (26)   (8) 398
Operating income (loss) 2,858 (30,951) (6,224) (38,415)
Other income (expense):        
Interest income 1 3 2 12
Interest expense (328) (465) (2,287) (1,119)
Other, net (149) (401) (533) (179)
Total other income (expense) (476) (863) (2,818) (1,286)
Income (loss) from continuing operations before income taxes 2,382 (31,814) (9,042) (39,701)
Income tax expense 2,198 2,707 6,884 10,345
Income (loss) from continuing operations 184 (34,521) (15,926) (50,046)
Income (loss) from discontinued operations, net of tax (15,783) 853 (7,997) (27,831)
Net loss $ (15,599) $ (33,668) $ (23,923) $ (77,877)
Basic net loss per share:        
Income (loss) from continuing operations $ 0.00 $ (0.59) $ (0.27) $ (0.86)
Income (loss) from discontinued operations (0.27) 0.01 (0.14) (0.48)
Net loss $ (0.27) $ (0.58) $ (0.41) $ (1.34)
Basic weighted average shares outstanding 58,708,193 58,392,240 58,599,783 58,226,687
Diluted net loss per share:        
Income (loss) from continuing operations $ 0.00 $ (0.59) $ (0.27) $ (0.86)
Income (loss) from discontinued operations (0.27) 0.01 (0.14) (0.48)
Net loss $ (0.27) $ (0.58) $ (0.41) $ (1.34)
Diluted weighted average shares outstanding 58,708,193 58,392,240 58,599,783 58,226,687