Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.23.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 37,205 $ 48,675
Restricted cash 222 79
Receivables:    
Trade, net 52,147 22,464
Accounts with joint venture owners, net of allowance of $0.0 million in both periods presented 15,830 345
Foreign income taxes receivable 2,769 0
Other, net 68,519 9,977
Crude oil inventory 3,335 1,593
Prepayments and other 20,070 5,156
Total current assets 200,097 88,289
Crude oil and natural gas properties, equipment and other - successful efforts method, net 495,272 94,324
Other noncurrent assets:    
Restricted cash 1,763 1,752
Value added tax and other receivables, net of allowance of $8.7 million and $5.7 million, respectively 7,150 5,536
Right of use operating lease assets 2,777 10,227
Right of use finance lease assets 90,698 0
Deferred tax assets 35,432 39,978
Abandonment funding 20,586 21,808
Other long-term assets 1,866 1,176
Total assets 855,641 [1] 263,090 [2]
Current liabilities:    
Accounts payable 59,886 18,797
Accounts with joint venture owners 0 3,233
Accrued liabilities and other 91,392 49,444
Operating lease liabilities - current portion 2,314 9,642
Finance lease liabilities - current portion 7,811 0
Foreign income taxes payable 0 3,128
Current liabilities - discontinued operations 687 13
Total current liabilities 162,090 84,257
Asset retirement obligations 41,695 33,949
Operating lease liabilities - net of current portion 686 587
Finance lease liabilities - net of current portion 78,248 0
Deferred tax liabilities 81,223 0
Other long-term liabilities 25,594 0
Total liabilities 389,536 118,793
Commitments and contingencies (Note 12)
Shareholders’ equity:    
Preferred stock, $25 par value; 500,000 shares authorized, none issued 0 0
Common stock, $0.10 par value; 160,000,000 and 100,000,000 shares authorized, 119,482,680 and 69,562,774 shares issued, 107,852,857 and 58,623,451 shares outstanding, respectively 11,948 6,956
Additional paid-in capital 353,606 76,700
Accumulated other comprehensive income 1,179 0
Less treasury stock, 11,629,823 and 10,939,323 shares, respectively, at cost (47,652) (43,847)
Retained earnings 147,024 104,488
Total shareholders' equity 466,105 144,297
Total liabilities and shareholders' equity $ 855,641 $ 263,090
[1] Includes assets acquired in the TransGlobe acquisition
[2] Includes assets acquired in the Sasol acquisition