Quarterly report pursuant to Section 13 or 15(d)

Segment Information

 v2.3.0.11
Segment Information
 6 Months Ended
Jun. 30, 2011
Segment Information  
Segment Information
6. SEGMENT INFORMATION

The Company's operations are based in Gabon, Angola, the British North Sea and in the United States. Management reviews and evaluates the operation of each geographic segment separately. The operations of all segments include exploration for and production of hydrocarbons where commercial reserves have been found and developed. Revenues are based on the location of hydrocarbon production. The Company evaluates each segment based on income (loss) from operations. Segment activity for the three months and six months ended June 30, 2011 and 2010 are as follows: (in thousands)

 

     Gabon      Angola     North
Sea		     USA     Corporate
and Other		     Total  

Three months ended June 30,

              

2011

             

Revenues

    $ 58,531       $ —        $ —        $ 16      $ —        $ 58,547   

Income (loss) from operations

      46,057         (476 )      (72 )      (341 )      (2,656 )      42,512   

2010

             

Revenues

    $ 33,647       $ —        $ —        $ 28      $ —        $ 33,675   

Income (loss) from operations

      22,446         (414 )      (91 )      9        (1,857 )      20,093   
     Gabon      Angola     North
Sea		     USA     Corporate
and Other		     Total  

Six months ended June 30,

              

2011

             

Revenues

    $ 105,267       $ —        $ —        $ 52      $ —        $ 105,319   

Income (loss) from operations

      81,058         (931 )      (198 )      (717 )      (5,359 )      73,853   

2010

             

Revenues

    $ 63,616       $ —        $ —        $ 65      $ —        $ 63,681   

Income (loss) from operations

      42,665         (1,266 )      (208 )      11        (3,230 )      37,972