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
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 87,808 $ 6,220
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss from discontinued operations 416 518
Depreciation, depletion and amortization 3,289 5,539
Gain on revision of asset retirement obligations (3,325)  
Other amortization 357 293
Unrealized foreign exchange (gain)/loss 819 (512)
Stock-based compensation 3,782 933
Commodity derivatives loss 2,064 971
Cash settlements received on derivative contracts 14 195
Bad debt expense and other (68) 232
Deferred tax benefit (66,191)  
Other operating gain, net (332) (164)
Operational expenses associated with equipment and other 1,695  
Change in operating assets and liabilities:    
Trade receivables 3,556 (452)
Accounts with joint venture owners 7,961 542
Other receivables (313) 274
Crude oil inventory 1,031 (247)
Prepayments and other (13) 1,559
Value added tax and other receivables (658) (2,783)
Deferred tax assets (1,356)  
Accounts payable (4,314) (5,250)
Foreign taxes payable 1,775  
Accrued liabilities and other (999) (432)
Net cash provided by continuing operating activities 36,998 7,436
Net cash used in discontinued operating activities (958) (4,204)
Net cash provided by operating activities 36,040 3,232
CASH FLOWS FROM INVESTING ACTIVITIES:    
Oil and natural gas properties, equipment and other expenditures (13,205) (1,300)
Acquisitions 64
Proceeds from sale of oil and natural gas properties 250
Net cash used in continuing investing activities (13,205) (986)
Net cash used in investing activities (13,205) (986)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the issuances of common stock 533 38
Treasury shares (22) (8)
Debt repayment (9,166) (7,917)
Borrowings 4,167
Net cash used in continuing financing activities (8,655) (3,720)
Net cash used in financing activities (8,655) (3,720)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 14,180 (1,474)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD 32,286 30,643
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 46,466 29,169
Supplemental disclosure of cash flow information:    
Interest paid 257 811
Income taxes paid in cash 2,720 12,069
Income taxes paid in-kind with oil 9,385  
Supplemental disclosure of non-cash investing and financing activities:    
Oil and natural gas properties, equipment and other additions incurred but not paid at period end 2,045 379
Oil and natural gas property additions paid with non-cash assets 4,197  
Asset retirement obligation $ (6,527) $ (103)