Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.5.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Loss from continuing operations $ (15,926) $ (50,046)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation, depletion and amortization 5,787 23,484
Amortization of debt issuance cost 1,132 473
Unrealized foreign exchange loss 2,175 (2,181)
Dry hole costs and impairment of unproved leasehold   9,602
Stock-based compensation 1,107 3,024
Commodity derivatives loss 772  
Bad debt provision 577 2,750
Other operating (income) loss, net 8 (398)
Impairment of proved properties 88 29,208
Change in operating assets and liabilities:    
Trade receivables (587) 12,543
Accounts with partners 18,126 (4,658)
Other receivables 12 (3,191)
Crude oil inventory (131) 948
Materials and supplies 49 54
Value added tax and other receivables (1,526)  
Prepayments and other (552) 1,145
Accounts payable (24,339) 18,730
Accrued liabilities and other 24 (2,671)
Net cash provided by (used in) continuing operating activities (13,204) 38,816
Net cash provided by (used in) discontinued operating activities 13,168 (1,297)
Net cash provided by (used in) operating activities (36) 37,519
CASH FLOWS FROM INVESTING ACTIVITIES:    
Decrease in restricted cash 15,260 5,512
Property and equipment expenditures (12,781) (53,276)
Proceeds from sales of oil and gas properties   398
Other, net (824)  
Net cash provided by (used in) investing activities 1,655 (47,366)
Net cash provided by discontinued investing activities   (18,955)
Net cash provided by (used in) investing activities 1,655 (66,321)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the issuances of common stock   452
Debt issuance costs (93)  
Net cash provided by (used in) financing activities (93) 452
NET CHANGE IN CASH AND CASH EQUIVALENTS 1,526 (28,350)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 25,357 69,051
CASH AND CASH EQUIVALENTS AT END OF PERIOD 26,883 40,701
Supplemental disclosure of cash flow information:    
Interest paid, net of capitalized interest 1,046 1,119
Income Taxes paid 6,930 10,299
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment additions incurred during the period but not paid at period end 1,990 18,097
Asset retirement cost capitalized $ 42 $ 816