| Preliminary Estimates Of Fair Value Of Identifiable Assets Acquired And Liabilities Assumed |
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November 22, 2016
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(in thousands)
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Assets acquired:
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Wells, platforms and other production facilities
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$
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5,754
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Equipment and other
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684
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Value added tax and other receivables
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297
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Abandonment funding
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546
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Accounts receivable - trade
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888
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Prepayments and other
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220
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Liabilities assumed:
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Asset retirement obligations
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(1,731)
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Accrued liabilities and other
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(747)
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Total identifiable net assets and consideration transferred
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$
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5,911
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| Summarized Results Of, And Assets And Liabilities Attributable To, Discontinued Operations |
Summarized Results of Discontinued Operations
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Three Months Ended September 30,
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Nine Months Ended September 30,
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2017
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2016
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2017
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2016
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(in thousands)
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Operating costs and expenses:
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Exploration expense
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$
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—
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$
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15,269
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$
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—
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$
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15,270
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Depreciation, depletion and amortization
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—
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3
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—
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9
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General and administrative expense
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174
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400
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512
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994
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Bad debt recovery and other
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—
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—
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—
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(7,629)
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Total operating costs, expenses and (recovery)
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174
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15,672
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512
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8,644
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Other operating loss, net
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—
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(7)
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—
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(28)
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Operating loss
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(174)
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(15,679)
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(512)
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(8,672)
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Other income (expense):
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Interest income
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—
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—
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—
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3,201
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Other, net
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—
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6
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(3)
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551
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Total other income (expense)
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—
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6
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(3)
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3,752
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Loss from discontinued operations before income taxes
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(174)
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(15,673)
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(515)
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(4,920)
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Income tax expense
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—
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110
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3
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3,077
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Loss from discontinued operations
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$
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(174)
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$
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(15,783)
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$
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(518)
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$
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(7,997)
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Assets and Liabilities Attributable to Discontinued Operations
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September 30, 2017
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December 31, 2016
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(in thousands)
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ASSETS
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Current assets:
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Accounts with partners
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$
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2,773
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$
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2,139
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Total current assets
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2,773
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2,139
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Total assets
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$
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2,773
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$
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2,139
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LIABILITIES
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Current liabilities:
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Accounts payable
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$
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215
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$
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77
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Foreign taxes payable
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—
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3,078
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Accrued liabilities and other
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15,185
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15,297
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Total current liabilities
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15,400
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18,452
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Total liabilities
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$
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15,400
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$
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18,452
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