Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Operations

v3.6.0.2
Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Oil and natural gas sales $ 59,784 $ 80,445 $ 127,691
Operating costs and expenses:      
Production expense 37,586 40,096 31,718
Exploration expense 5 10,409 13,651
Depreciation, depletion and amortization 6,926 32,998 20,074
General and administrative expense 9,561 12,294 12,112
Impairment of proved properties 88 81,322 98,341
Other operating expense 8,853    
General and administrative related to shareholder matters (332) 2,372  
Bad debt expense and other 1,222 2,968 2,400
Total operating costs and expenses 63,909 182,459 178,296
Other operating income (loss), net (266) (1,092)  
Operating loss (4,391) (103,106) (50,605)
Other income (expense):      
Interest income 3 12 75
Interest expense (2,616) (1,337)  
Other, net (2,015) (1,536) (737)
Total other income (expense) (4,628) (2,861) (662)
Loss from continuing operations before income taxes (9,019) (105,967) (51,267)
Income tax expense 9,248 14,587 22,486
Loss from continuing operations (18,267) (120,554) (73,753)
Loss from discontinued operations, net of tax (8,283) (38,102) (3,797)
Net loss $ (26,550) $ (158,656) $ (77,550)
Basic net loss per share:      
Loss from continuing operations $ (0.31) $ (2.07) $ (1.29)
Loss from discontinued operations (0.14) (0.65) (0.07)
Net loss $ (0.45) $ (2.72) $ (1.36)
Basic weighted average shares outstanding 58,384 58,289 57,229
Diluted net loss per share:      
Loss from continuing operations $ (0.31) $ (2.07) $ (1.29)
Loss from discontinued operations (0.14) (0.65) (0.07)
Net loss $ (0.45) $ (2.72) $ (1.36)
Diluted weighted average shares outstanding 58,384 58,289 57,229