| Segment Activity |
Segment activity of continuing operations for the three and nine months ended September 30, 2016 and 2015 and segment assets at September 30, 2016 and December 31, 2015 are as follows:
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Three Months Ended September 30, 2016
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Equatorial
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Corporate
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(in thousands)
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Gabon
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Guinea
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U.S.
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and Other
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Total
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Revenues-oil and gas sales
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$
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14,540
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$
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-
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$
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95
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$
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-
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$
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14,635
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Depreciation, depletion and amortization
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1,508
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-
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38
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61
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1,607
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Impairment of proved properties
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-
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-
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88
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-
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88
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Bad debt expense (recovery) and other
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63
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-
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-
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-
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63
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Other operating expense
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324
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-
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-
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-
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324
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Operating income (loss)
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5,013
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(184)
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(61)
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(1,910)
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2,858
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Interest income (expense), net
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(329)
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-
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-
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2
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(327)
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Income tax expense
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2,305
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-
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-
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(107)
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2,198
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Additions to property and equipment
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674
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-
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-
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7
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681
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Three Months Ended September 30, 2015
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Equatorial
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Corporate
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(in thousands)
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Gabon
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Guinea
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U.S.
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and Other
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Total
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Revenues-oil and gas sales
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$
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17,405
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$
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-
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$
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141
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$
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-
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$
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17,546
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Depreciation, depletion and amortization
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8,060
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-
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140
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56
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8,256
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Impairment of proved properties
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17,988
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-
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-
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-
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17,988
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Bad debt expense (recovery) and other
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2,750
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-
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-
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-
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2,750
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Operating income (loss)
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(29,007)
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(287)
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42
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(1,699)
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(30,951)
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Interest income (expense), net
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(294)
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-
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-
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(168)
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(462)
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Income tax expense
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2,707
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-
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-
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-
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2,707
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Additions to property and equipment
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10,796
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-
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1
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7
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10,804
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Nine Months Ended September 30, 2016
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Equatorial
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Corporate
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(in thousands)
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Gabon
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Guinea
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U.S.
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and Other
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Total
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Revenues-oil and natural gas sales
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$
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44,212
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$
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-
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$
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246
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$
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-
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$
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44,458
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Depreciation, depletion and amortization
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5,484
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-
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|
121
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182
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5,787
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Impairment of proved properties
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-
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-
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88
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-
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88
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Bad debt expense (recovery) and other
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577
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-
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-
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-
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577
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Other operating expense
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9,959
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-
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-
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-
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9,959
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Operating income (loss)
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1,481
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(319)
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(64)
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(7,322)
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(6,224)
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Interest income (expense), net
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(2,285)
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-
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-
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-
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(2,285)
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Income tax expense
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6,884
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-
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-
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-
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6,884
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Additions to property and equipment
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(1,819)
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-
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140
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7
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(1,672)
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Nine Months Ended September 30, 2015
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Equatorial
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Corporate
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(in thousands)
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Gabon
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Guinea
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U.S.
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and Other
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Total
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Revenues-oil and natural gas sales
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$
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62,496
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$
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-
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$
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426
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$
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-
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$
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62,922
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Depreciation, depletion and amortization
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22,844
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-
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|
467
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173
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23,484
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Impairment of proved properties
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29,208
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-
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-
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-
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29,208
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Bad debt expense and other
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3,326
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-
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-
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-
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3,326
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Operating loss
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(31,286)
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(944)
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(372)
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(5,813)
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(38,415)
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Interest income (expense), net
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(944)
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-
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-
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(163)
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(1,107)
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Income tax expense
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10,345
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|
-
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-
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-
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10,345
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Additions to property and equipment
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44,215
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-
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(16)
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|
158
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44,357
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| Segment Long-lived Assets And Total Assets |
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Equatorial
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Corporate
|
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(in thousands)
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Gabon
|
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Guinea
|
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U.S.
|
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and Other
|
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Total
|
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Total assets from continuing operations:
|
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as of September 30, 2016
|
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$
|
55,833
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$
|
10,169
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$
|
1,379
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$
|
9,074
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$
|
76,455
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as of December 31, 2015
|
|
|
98,858
|
|
|
10,200
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1,470
|
|
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5,045
|
|
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115,573
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