Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

v3.6.0.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Loss $ (26,550) $ (158,656) $ (77,550)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Loss from discontinued operations 8,283 38,102 3,797
Depreciation, depletion and amortization 6,926 32,998 20,074
Other amortization 1,424 304 328
Deferred taxes   1,349  
Unrealized foreign exchange loss (32) (5,243) (59)
Dry hole costs and impairment of unproved leasehold   10,244 13,272
Stock-based compensation 192 3,810 3,321
Commodity derivatives loss 1,711    
Bad debt provision 1,222 2,699 2,400
Other operating (income) loss, net 266 1,092  
Impairment of proved properties 88 81,322 98,341
Change in operating assets and liabilities:      
Trade receivables (1,050) 14,174 (2,556)
Accounts with partners 16,284 (13,816) (8,910)
Other receivables (18) (609) (1,230)
Crude oil inventory (192) 1,266 (1,747)
Materials and supplies 125 92 (122)
Value added tax and other receivables (1,937) (2,286)  
Other long term assets (2,827) (1,566) (3,537)
Prepayments and other 392 3,037 (3,957)
Accounts payable (15,459) 30,187 (8,999)
Accrued liabilities and other (4,586) 3,034 (874)
Net cash provided by (used in) continuing operating activities (15,738) 41,534 31,992
Net cash provided by (used in) discontinued operating activities 12,286 (2,659) (8,602)
Net cash provided by (used in) operating activities (3,452) 38,875 23,390
CASH FLOWS FROM INVESTING ACTIVITIES:      
Decrease in restricted cash 15,219 5,536 (9,218)
Acquisitions (5,692)    
Property and equipment expenditures (8,705) (68,067) (89,493)
Proceeds from sales of oil and gas properties 830 398  
Premiums paid (2,939)    
Net cash used in continuing investing activities (1,287) (62,133) (98,711)
Net cash used in discontinued investing activities   (20,877) (2,687)
Net cash used in investing activities (1,287) (83,010) (101,398)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from the issuances of common stock   441 5,685
Debt issuance costs (93)   (2,287)
Borrowings     15,000
Purchases of treasury stock (51)   (1,868)
Net cash provided by (used in) continuing financing activities (144) 441 16,530
Net cash (used in) provided by discontinued financing activities
Net cash (used in) provided by financing activities (144) 441 16,530
NET CHANGE IN CASH AND CASH EQUIVALENTS (4,883) (43,694) (61,478)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 25,357 69,051 130,529
CASH AND CASH EQUIVALENTS AT END OF YEAR 20,474 25,357 69,051
Supplemental disclosure of cash flow information:      
Interest paid, net of capitalized interest 1,326 1,337  
Income Taxes paid 9,210 15,163 23,041
Supplemental disclosure of non-cash investing and financing activities:      
Property and equipment additions incurred but not paid at period end 2,282 15,132 18,553
Asset retirement cost capitalized $ 1,543 $ 542 $ 2,662