| Segment Activity |
Segment activity of continuing operations for the three and six months ended June 30, 2017 and 2016 and segment assets at June 30, 2017 and December 31, 2016 are as follows:
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Three Months Ended June 30, 2017
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(in thousands)
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Gabon
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Equatorial Guinea
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U.S.
|
|
Corporate and Other
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|
Total
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Revenues-oil and natural gas sales
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|
$
|
20,415
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|
$
|
-
|
|
$
|
10
|
|
$
|
-
|
|
$
|
20,425
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Depreciation, depletion and amortization
|
|
|
1,902
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|
|
-
|
|
|
0
|
|
|
68
|
|
|
1,970
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|
Bad debt expense and other
|
|
|
183
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|
-
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|
|
-
|
|
|
-
|
|
|
183
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|
Operating income (loss)
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|
8,090
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(15)
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|
|
339
|
|
|
(2,827)
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|
5,587
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Interest income (expense), net
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(378)
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|
-
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|
-
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|
|
-
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|
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(378)
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Income tax expense
|
|
|
3,096
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|
|
-
|
|
|
-
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|
|
-
|
|
|
3,096
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Additions to property and equipment
|
|
|
625
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|
-
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|
|
-
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|
|
-
|
|
|
625
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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Three Months Ended June 30, 2016
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(in thousands)
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Gabon
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|
Equatorial Guinea
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|
U.S.
|
|
Corporate and Other
|
|
Total
|
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Revenues-oil and natural gas sales
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|
$
|
18,764
|
|
$
|
-
|
|
$
|
83
|
|
$
|
-
|
|
$
|
18,847
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Depreciation, depletion and amortization
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|
|
1,833
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|
|
-
|
|
|
42
|
|
|
67
|
|
|
1,942
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Bad debt expense and other
|
|
|
171
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|
|
-
|
|
|
-
|
|
|
-
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|
|
171
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Other operating expense
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|
754
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|
-
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|
-
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|
-
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|
754
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Operating income (loss)
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8,424
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(87)
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|
-
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(3,722)
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|
4,615
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Interest income (expense), net
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(1,468)
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|
-
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|
-
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(2)
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(1,470)
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Income tax expense
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|
|
3,001
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|
-
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|
-
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|
-
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|
|
3,001
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Additions to property and equipment
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|
(2,493)
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|
-
|
|
|
140
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|
|
-
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(2,353)
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|
|
|
|
|
|
|
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|
|
Six Months Ended June 30, 2017
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(in thousands)
|
|
Gabon
|
|
Equatorial Guinea
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|
U.S.
|
|
Corporate and Other
|
|
Total
|
|
Revenues-oil and natural gas sales
|
|
$
|
41,661
|
|
$
|
-
|
|
$
|
30
|
|
$
|
-
|
|
$
|
41,691
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Depreciation, depletion and amortization
|
|
|
3,711
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|
|
-
|
|
|
1
|
|
|
127
|
|
|
3,839
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|
Bad debt expense and other
|
|
|
281
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
281
|
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Operating income (loss)
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|
19,050
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|
(53)
|
|
|
346
|
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|
(5,608)
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|
|
13,735
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Interest income (expense), net
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|
|
(781)
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|
|
-
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|
-
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|
-
|
|
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(781)
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Income tax expense
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|
|
6,290
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|
|
-
|
|
|
-
|
|
|
-
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|
|
6,290
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Additions to property and equipment
|
|
|
814
|
|
|
-
|
|
|
|
|
|
|
|
|
814
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Six Months Ended June 30, 2016
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(in thousands)
|
|
Gabon
|
|
Equatorial Guinea
|
|
U.S.
|
|
Corporate and Other
|
|
Total
|
|
Revenues-oil and natural gas sales
|
|
$
|
29,672
|
|
$
|
-
|
|
$
|
151
|
|
$
|
-
|
|
$
|
29,823
|
|
Depreciation, depletion and amortization
|
|
|
3,976
|
|
|
-
|
|
|
63
|
|
|
141
|
|
|
4,180
|
|
Bad debt expense and other
|
|
|
514
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
514
|
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Other operating expense
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|
|
9,635
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
9,635
|
|
Operating income (loss)
|
|
|
(3,532)
|
|
|
(135)
|
|
|
(3)
|
|
|
(5,230)
|
|
|
(8,900)
|
|
Interest expense, net
|
|
|
(1,956)
|
|
|
-
|
|
|
-
|
|
|
(2)
|
|
|
(1,958)
|
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Income tax expense
|
|
|
4,686
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
4,686
|
|
Additions to property and equipment
|
|
|
(2,493)
|
|
|
-
|
|
|
140
|
|
|
-
|
|
|
(2,353)
|
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| Segment Long-lived Assets And Total Assets |
|
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|
|
|
|
|
|
|
(in thousands)
|
|
Gabon
|
|
Equatorial Guinea
|
|
U.S.
|
|
Corporate and Other
|
|
Total
|
|
Total assets from continuing operations:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of June 30, 2017
|
|
$
|
62,481
|
|
$
|
10,108
|
|
$
|
108
|
|
$
|
3,868
|
|
$
|
76,565
|
|
As of December 31, 2016
|
|
|
64,478
|
|
|
10,122
|
|
|
382
|
|
|
3,911
|
|
|
78,893
|
|