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
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows From Operating Activities:    
Net income $ 8,659 $ 4,259
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss from discontinued operations 52 176
Depreciation, depletion and amortization 1,124 1,869
Other amortization 60 97
Unrealized foreign exchange gain (75) (128)
Stock-based compensation 314 154
Commodity derivatives loss   180
Bad debt expense (recovery) and other (56) 98
Other operating (gain) loss, net (24) 63
Operational expenses associated with equipment and other 172  
Change in operating assets and liabilities:    
Trade receivables (4,704) 255
Accounts with partners 8,129 8,099
Other receivables 37 40
Crude oil inventory 1,984 (124)
Prepayments and other (804) 536
Value added tax and other receivables 83 (317)
Accounts payable (1,291) (9,066)
Foreign taxes payable 1,849  
Accrued liabilities and other 149 (1,509)
Net cash provided by continuing operating activities 15,658 4,682
Net cash used in discontinued operating activities (591) (584)
Net cash provided by operating activities 15,067 4,098
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property and equipment expenditures (423) (768)
Net cash used in continuing investing activities (423) (768)
Net cash used in investing activities (423) (768)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the issuances of common stock   38
Debt repayment (2,083) (3,750)
Borrowings   4,167
Net cash provided by (used in) continuing financing activities (2,083) 455
Net cash provided by (used in) financing activities (2,083) 455
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 12,561 3,785
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD 32,286 30,643
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 44,847 34,428
Supplemental disclosure of cash flow information:    
Interest paid, net of capitalized interest 172 296
Income taxes paid 2,720 3,202
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment additions incurred but not paid at period end $ 556 $ 210