Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 9,203 $ 6,542
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss from discontinued operations 395 344
Depreciation, depletion and amortization 2,159 3,839
Other amortization 191 201
Unrealized foreign exchange (gain)/loss 79 (580)
Stock-based compensation 2,674 783
Commodity derivatives loss 999 50
Bad debt expense and other 89 281
Other operating gain, net (338) (167)
Operational expenses associated with equipment and other 1,739  
Change in operating assets and liabilities:    
Trade receivables (6,051) (1,314)
Accounts with joint venture owners 13,203 2,610
Other receivables (23) 58
Crude oil inventory 1,965 (39)
Prepayments and other (764) 395
Value added tax and other receivables (249) (1,130)
Accounts payable (535) (4,274)
Foreign taxes payable 5,431  
Accrued liabilities and other 1,381 (977)
Net cash provided by continuing operating activities 31,548 6,622
Net cash used in discontinued operating activities (892) (4,049)
Net cash provided by operating activities 30,656 2,573
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property and equipment expenditures (976) (1,032)
Acquisitions   64
Proceeds from sale of oil and gas properties   250
Net cash used in continuing investing activities (976) (718)
Net cash used in discontinued investing activities
Net cash used in investing activities (976) (718)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the issuances of common stock 445 38
Debt repayment (9,166) (5,833)
Borrowings   4,167
Net cash used in continuing financing activities (8,721) (1,628)
Net cash provided by discontinued financing activities
Net cash used in financing activities (8,721) (1,628)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 20,959 227
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD 32,286 30,643
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 53,245 30,870
Supplemental disclosure of cash flow information:    
Interest paid 257 574
Income taxes paid 2,720 9,142
Supplemental disclosure of non-cash investing and financing activities:    
Property and equipment additions incurred but not paid at period end $ 463 423
Asset retirement obligation   $ (103)