Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Segment Information - Segment Activity of Continuing Operations (Details)

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Note 4 - Segment Information - Segment Activity of Continuing Operations (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Crude oil, natural gas and natural gas liquids sales $ 116,778   $ 109,240   $ 216,933 $ 189,643
Production expense 52,446   38,604   84,535 66,804
Exploration expense 0   57   48 65
Depreciation, depletion and amortization 33,132   38,003   58,956 62,420
General and administrative expense 7,591   5,395   14,301 10,619
Credit losses and other 3,341   680   5,153 1,615
Total operating costs and expenses 96,510   88,386   162,993 147,170
Other operating income (expense), net 132   (303)   (34) (303)
Operating income 20,400   20,551   53,906 42,170
Derivative instruments loss, net 257   31   (590) 52
Interest (expense) income, net (1,117)   (1,703)   (2,052) (3,949)
Bargain purchase gain 19,898   0   19,898 0
Other income (expense), net (1,984)   (539)   (3,784) (1,692)
Total other expense, net 17,054   (2,211)   13,472 (5,589)
Income (loss) before income taxes 37,454   18,340   67,378 36,581
Income tax (benefit) expense 9,303   11,588   31,541 26,359
Net income 28,151 $ 7,686 6,752 $ 3,470 35,837 10,222
Consolidated capital expenditures 22,431   16,427   46,453 41,852
FPSO demobilization and other costs 0   5,647   0 5,647
Operating Segments [Member] | Gabon Segment [Member]            
Crude oil, natural gas and natural gas liquids sales 53,674   77,924   111,178 114,661
Production expense 18,486   23,931   35,199 38,346
Exploration expense 0   43   0 51
Depreciation, depletion and amortization 13,344   19,457   26,795 29,302
General and administrative expense 319   318   953 936
Credit losses and other 0   518   20 1,453
Total operating costs and expenses 32,149   49,914   62,967 75,735
Other operating income (expense), net 132   (62)   (34) (62)
Operating income 21,657   27,948   48,177 38,864
Derivative instruments loss, net     0   0 0
Interest (expense) income, net (1,158)   (1,376)   (2,475) (2,883)
Bargain purchase gain 0       0  
Other income (expense), net (137)   (619)   (231) (102)
Total other expense, net (1,295)   (1,995)   (2,706) (2,985)
Income (loss) before income taxes 20,362   25,953   45,471 35,879
Income tax (benefit) expense 9,731   16,251   26,024 22,829
Net income 10,631   9,702   19,447 13,050
Consolidated capital expenditures 5,102   1,375   11,389 5,064
FPSO demobilization and other costs     5,647     5,647
Operating Segments [Member] | Egypt [Member]            
Crude oil, natural gas and natural gas liquids sales 35,481   21,308   72,442 56,092
Production expense 13,424   11,089   26,175 22,199
Exploration expense 0   14   48 14
Depreciation, depletion and amortization 8,416   13,757   16,752 24,552
General and administrative expense 207   202   376 381
Credit losses and other 3,178   0   4,812 0
Total operating costs and expenses 25,225   25,062   48,163 47,146
Other operating income (expense), net 0   (241)   0 (241)
Operating income 10,256   (3,995)   24,279 8,705
Derivative instruments loss, net     0   0 0
Interest (expense) income, net (350)   (503)   (760) (1,311)
Bargain purchase gain 0       0  
Other income (expense), net 0   0   0 0
Total other expense, net (350)   (503)   (760) (1,311)
Income (loss) before income taxes 9,906   (4,498)   23,519 7,394
Income tax (benefit) expense 8,749   4,261   15,782 9,253
Net income 1,157   (8,759)   7,737 (1,859)
Consolidated capital expenditures 1,868   8,526   6,196 20,097
FPSO demobilization and other costs     0     0
Operating Segments [Member] | Canada [Member]            
Crude oil, natural gas and natural gas liquids sales 10,383   10,008   16,073 18,890
Production expense 3,359   3,255   5,738 5,509
Exploration expense 0   0   0 0
Depreciation, depletion and amortization 5,294   4,747   9,191 8,458
General and administrative expense (127)   0   (115) 0
Credit losses and other 0   0   0 0
Total operating costs and expenses 8,526   8,002   14,814 13,967
Other operating income (expense), net 0   0   0 0
Operating income 1,857   2,006   1,259 4,923
Derivative instruments loss, net     0   0 0
Interest (expense) income, net 14   0   38 (4)
Bargain purchase gain 0       0  
Other income (expense), net 5   0   5 1
Total other expense, net 19   0   43 (3)
Income (loss) before income taxes 1,876   2,006   1,302 4,920
Income tax (benefit) expense 0   0   0 0
Net income 1,876   2,006   1,302 4,920
Consolidated capital expenditures 7,155   6,491   19,714 16,656
FPSO demobilization and other costs     0     0
Operating Segments [Member] | Equatorial Guinea Segment [Member]            
Crude oil, natural gas and natural gas liquids sales 0   0   0 0
Production expense 272   386   517 748
Exploration expense 0   0   0 0
Depreciation, depletion and amortization 0   0   0 0
General and administrative expense 93   87   171 216
Credit losses and other 163   162   321 162
Total operating costs and expenses 528   635   1,009 1,126
Other operating income (expense), net 0   0   0 0
Operating income (528)   (635)   (1,009) (1,126)
Derivative instruments loss, net     0   0 0
Interest (expense) income, net 0   0   0 0
Bargain purchase gain 0       0  
Other income (expense), net 3   1   2 (1)
Total other expense, net 3   1   2 (1)
Income (loss) before income taxes (525)   (634)   (1,007) (1,127)
Income tax (benefit) expense 0   0   0 0
Net income (525)   (634)   (1,007) (1,127)
Consolidated capital expenditures 0   0   0 0
FPSO demobilization and other costs     0     0
Operating Segments [Member] | Cote d'Ivoire 1 [Member]            
Crude oil, natural gas and natural gas liquids sales 17,240   0   17,240 0
Production expense 16,905   0   16,905 0
Exploration expense 0   0   0 0
Depreciation, depletion and amortization 6,049   0   6,049 0
General and administrative expense 124   0   124 0
Credit losses and other 0   0   0 0
Total operating costs and expenses 23,078   0   23,078 0
Other operating income (expense), net 0   0   0 0
Operating income (5,838)   0   (5,838) 0
Derivative instruments loss, net 0   0   0 0
Interest (expense) income, net (1,540)   0   (1,540) 0
Bargain purchase gain 0       0  
Other income (expense), net (301)   0   (301) 0
Total other expense, net (1,841)   0   (1,841) 0
Income (loss) before income taxes (7,679)   0   (7,679) 0
Income tax (benefit) expense (3,050)   0   (3,050) 0
Net income (4,630)   0   (4,630) 0
Consolidated capital expenditures 7,152   0   7,152 0
FPSO demobilization and other costs     0     0
Corporate and Reconciling Items [Member]            
Crude oil, natural gas and natural gas liquids sales 0   0   0 0
Production expense 0   (57)   1 2
Exploration expense 0   0   0 0
Depreciation, depletion and amortization 29   42   169 108
General and administrative expense 6,975   4,788   12,792 9,086
Credit losses and other 0   0   0 0
Total operating costs and expenses 7,004   4,773   12,962 9,196
Other operating income (expense), net 0   0   0 0
Operating income (7,004)   (4,773)   (12,962) (9,196)
Derivative instruments loss, net 257   31   (590) 52
Interest (expense) income, net 1,917   176   2,685 249
Bargain purchase gain 19,898       19,898  
Other income (expense), net (1,554)   79   (3,259) (1,590)
Total other expense, net 20,519   286   18,735 (1,289)
Income (loss) before income taxes 13,515   (4,487)   5,773 (10,485)
Income tax (benefit) expense (6,127)   (8,924)   (7,215) (5,723)
Net income 19,642   4,437   12,988 (4,762)
Consolidated capital expenditures $ 1,153   36   $ 2,001 36
FPSO demobilization and other costs     $ 0     $ 0