Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

v3.8.0.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 6,220 $ (22,909)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Loss from discontinued operations 518 7,997
Depreciation, depletion and amortization 5,539 5,787
Other amortization 293 1,132
Unrealized foreign exchange (gain) loss (512) 2,175
Stock-based compensation 933 93
Commodity derivatives loss 971 772
Cash settlements received on matured derivative contracts 195  
Bad debt provision 232 577
Other operating (income) loss, net (164) 8
Impairment of proved properties   88
Change in operating assets and liabilities:    
Trade receivables (452) (587)
Accounts with partners 542 18,126
Other receivables 274 12
Crude oil inventory (247) (131)
Value added tax and other receivables (2,783) (1,526)
Prepayments and other 1,559 (503)
Accounts payable (5,250) (24,339)
Accrued liabilities and other (432) 24
Net cash provided by (used in) continuing operating activities 7,436 (13,204)
Net cash provided by (used in) discontinued operating activities (4,204) 13,168
Net cash provided by (used in) operating activities 3,232 (36)
CASH FLOWS FROM INVESTING ACTIVITIES:    
(Increase) decrease in restricted cash (137) 15,260
Acquisitions 64  
Property and equipment expenditures (1,300) (12,781)
Proceeds from sales of oil and gas properties 250  
Premiums paid   (824)
Net cash provided by (used in) continuing investing activities (1,123) 1,655
Net cash provided by discontinued investing activities
Net cash provided by (used in) investing activities (1,123) 1,655
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the issuances of common stock 38  
Treasury shares (8)  
Debt issuance costs   (93)
Debt repayment (7,917)  
Borrowings 4,167  
Net cash used in continuing financing activities (3,720) (93)
Net cash provided by discontinued financing activities
Net cash used in by financing activities (3,720) (93)
NET CHANGE IN CASH AND CASH EQUIVALENTS (1,611) 1,526
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 20,474 25,357
CASH AND CASH EQUIVALENTS AT END OF PERIOD 18,863 26,883
Supplemental disclosure of cash flow information:    
Interest paid, net of capitalized interest 811 1,046
Income taxes paid 12,069 6,930
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment additions incurred but not paid at period end 379 1,990
Asset retirement obligations $ (103) $ 42