Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.0.6
Segment Information
 3 Months Ended
Mar. 31, 2012
Segment Information [Abstract]  
Segment Information

6. SEGMENT INFORMATION

The Company's operations are based in Gabon, Angola, the United States and in the United Kingdom. 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 operating income. Segment activity for the three months ended March 31, 2012 and 2011 are as follows: (in thousands)

     Gabon      Angola     United
Kingdom		     USA     Corporate
and Other		     Total  

Three months ended March 31,

              

2012

              

Revenues

    $ 44,727       $ —        $ —        $ 559      $ —        $ 45,286   

Operating income (loss)

      34,346         (614 )      (74 )      (762 )      (2,790 )      30,106   

2011

              

Revenues

    $ 46,736       $ —        $ —        $ 36      $ —        $ 46,772   

Operating income (loss)

      35,001         (455 )      (126 )      (376 )      (2,702 )      31,342   
     Gabon      Angola     United
Kingdom		     USA     Corporate
and Other		     Total  

Total Assets

              

As of March 31, 2012

    $ 191,312       $ 21,341      $ —        $ 37,823      $ 44,452      $ 294,928   

As of December 31, 2011

      185,341         21,452        —          22,236        45,986        275,015