| Segment Activity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2019 |
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Revenues-oil and natural gas sales |
|
$ |
25,230 |
|
$ |
— |
|
$ |
— |
|
$ |
25,230 |
Depreciation, depletion and amortization |
|
|
1,835 |
|
|
— |
|
|
74 |
|
|
1,909 |
Other operating income (expense), net |
|
|
(4,399) |
|
|
— |
|
|
— |
|
|
(4,399) |
Operating income (loss) |
|
|
8,963 |
|
|
(130) |
|
|
(2,463) |
|
|
6,370 |
Derivatives instruments loss, net |
|
|
— |
|
|
— |
|
|
1,911 |
|
|
1,911 |
Other, net |
|
|
(46) |
|
|
1 |
|
|
(100) |
|
|
(145) |
Interest income |
|
|
2 |
|
|
— |
|
|
199 |
|
|
201 |
Income tax expense |
|
|
7,869 |
|
|
2 |
|
|
1,337 |
|
|
9,208 |
Additions to oil and natural gas properties and equipment - accrual |
|
|
1,593 |
|
|
— |
|
|
29 |
|
|
1,622 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2019 |
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Revenues-oil and natural gas sales |
|
$ |
44,995 |
|
$ |
— |
|
$ |
— |
|
$ |
44,995 |
Depreciation, depletion and amortization |
|
|
3,314 |
|
|
— |
|
|
148 |
|
|
3,462 |
Other operating income (expense), net |
|
|
(4,436) |
|
|
— |
|
|
— |
|
|
(4,436) |
Operating income (loss) |
|
|
18,493 |
|
|
(316) |
|
|
(6,261) |
|
|
11,916 |
Derivatives instruments loss, net |
|
|
— |
|
|
— |
|
|
(1) |
|
|
(1) |
Other, net |
|
|
(218) |
|
|
(1) |
|
|
(164) |
|
|
(383) |
Interest income |
|
|
3 |
|
|
— |
|
|
385 |
|
|
388 |
Income tax expense |
|
|
10,360 |
|
|
12 |
|
|
1,589 |
|
|
11,961 |
Additions to oil and natural gas properties and equipment - accrual |
|
|
2,274 |
|
|
(187) |
|
|
220 |
|
|
2,307 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2018 |
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Revenues-oil and natural gas sales |
|
$ |
24,425 |
|
$ |
— |
|
$ |
1 |
|
$ |
24,426 |
Depreciation, depletion and amortization |
|
|
971 |
|
|
— |
|
|
64 |
|
|
1,035 |
Other operating income (expense), net |
|
|
314 |
|
|
— |
|
|
— |
|
|
314 |
Operating income (loss) |
|
|
10,147 |
|
|
(85) |
|
|
(4,339) |
|
|
5,723 |
Derivatives instruments loss, net |
|
|
— |
|
|
— |
|
|
(1,010) |
|
|
(1,010) |
Other, net |
|
|
(199) |
|
|
(6) |
|
|
(9) |
|
|
(214) |
Interest expense, net |
|
|
(43) |
|
|
— |
|
|
13 |
|
|
(30) |
Income tax expense |
|
|
3,582 |
|
|
— |
|
|
— |
|
|
3,582 |
Additions to oil and natural gas properties and equipment - accrual |
|
|
527 |
|
|
— |
|
|
15 |
|
|
542 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, 2018 |
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Revenues-oil and natural gas sales |
|
$ |
52,068 |
|
$ |
— |
|
$ |
3 |
|
$ |
52,071 |
Depreciation, depletion and amortization |
|
|
2,030 |
|
|
— |
|
|
129 |
|
|
2,159 |
Other operating income (expense), net |
|
|
338 |
|
|
— |
|
|
— |
|
|
338 |
Operating income (loss) |
|
|
25,844 |
|
|
(115) |
|
|
(6,968) |
|
|
18,761 |
Derivatives instruments loss, net |
|
|
— |
|
|
— |
|
|
(1,010) |
|
|
(1,010) |
Other, net |
|
|
(130) |
|
|
(3) |
|
|
(12) |
|
|
(145) |
Interest expense, net |
|
|
(397) |
|
|
— |
|
|
13 |
|
|
(384) |
Income tax expense |
|
|
7,624 |
|
|
— |
|
|
— |
|
|
7,624 |
Additions to oil and natural gas properties and equipment - accrual |
|
|
955 |
|
|
— |
|
|
14 |
|
|
969 |
|
| Long-lived Assets From Continuing Operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Long-lived assets from continuing operations: |
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2019 |
|
$ |
41,455 |
|
$ |
10,000 |
|
$ |
414 |
|
$ |
51,869 |
As of December 31, 2018 |
|
$ |
42,195 |
|
$ |
10,187 |
|
$ |
342 |
|
|
52,724 |
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
Gabon |
|
Equatorial Guinea |
|
Corporate and Other |
|
Total |
Total assets from continuing operations: |
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2019 |
|
$ |
137,660 |
|
$ |
10,083 |
|
$ |
54,324 |
|
$ |
202,067 |
As of December 31, 2018 |
|
$ |
103,401 |
|
$ |
10,320 |
|
$ |
49,301 |
|
|
163,022 |
|