Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations

v3.8.0.1
Condensed Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Oil and natural gas sales $ 18,178 $ 14,635 $ 59,869 $ 44,458
Operating costs and expenses:        
Production expense 10,336 7,162 28,148 25,756
Exploration expense 4 2 4 4
Depreciation, depletion and amortization 1,700 1,607 5,539 5,787
General and administrative expense 2,463 1,588 8,654 7,839
Impairment of proved properties   88   88
Other operating expense   324   9,959
General and administrative related to shareholder matters   85   (350)
Bad debt provision (49) 63 232 577
Total operating costs and expenses 14,454 10,919 42,577 49,660
Other operating income (expense), net (3) (26) 164 (8)
Operating income (loss) 3,721 3,690 17,456 (5,210)
Other expense:        
Interest expense, net (327) (327) (1,108) (2,285)
Other, net (793) (149) (571) (533)
Total other expense (1,120) (476) (1,679) (2,818)
Income (loss) from continuing operations before income taxes 2,601 3,214 15,777 (8,028)
Income tax expense 2,749 2,198 9,039 6,884
Income (loss) from continuing operations (148) 1,016 6,738 (14,912)
Loss from discontinued operations (174) (15,783) (518) (7,997)
Net income (loss) $ (322) $ (14,767) $ 6,220 $ (22,909)
Basic net income (loss) per share:        
Income (loss) from continuing operations $ 0.00 $ 0.02 $ 0.11 $ (0.25)
Loss from discontinued operations (0.01) (0.27) (0.01) (0.14)
Net income (loss) $ (0.01) $ (0.25) $ 0.10 $ (0.39)
Basic weighted average shares outstanding 58,817 58,708 58,682 58,600
Diluted net income (loss) per share:        
Income (loss) from continuing operations $ 0.00 $ 0.02 $ 0.11 $ (0.25)
Loss from discontinued operations (0.01) (0.27) (0.01) (0.14)
Net income (loss) $ (0.01) $ (0.25) $ 0.10 $ (0.39)
Diluted weighted average shares outstanding 58,817 58,708 58,686 58,600