Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Segment Information - Segment Activity of Continuing Operations (Details)

v3.22.2.2
Note 4 - Segment Information - Segment Activity of Continuing Operations (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues, Total $ 78,097     $ 55,899     $ 257,738 $ 142,696
Production expense 23,312     25,208     67,147 57,760
Other Demobilization Fees, Net 8,867     0     8,867 0
Exploration expense 56     479     250 1,286
Depreciation, depletion and amortization 8,963     6,970     21,827 16,928
General and administrative expense 1,979     2,940     10,507 12,221
Bad debt expense and other 1,020     318     2,083 814
Total operating costs and expenses 44,197     35,915     110,681 89,009
Other operating expense, net 0     46     (5) (440)
Operating income 33,900     20,030     147,052 53,247
Derivative instruments loss, net 3,778     (5,147)     (37,522) (21,070)
Interest (expense) income, net (234)     3     (355) 9
Other (expense) income, net (7,707)     (328)     (10,514) 4,088
Total other expense, net (4,163)     (5,472)     (48,391) (16,973)
Income from continuing operations before income taxes 29,737     14,558     98,661 36,274
Income tax (benefit) expense 22,843     (17,183)     64,467 (11,272)
Income from continuing operations 6,894     31,741     34,194 47,546
Loss from discontinued operations, net of tax (26)     (20)     (58) (72)
Net Income (Loss) Attributable to Parent, Total 6,868 $ 15,104 $ 12,164 31,721 $ 5,884 $ 9,869 34,136 47,474
Consolidated capital expenditures 51,663     6,696 [1]     121,612 10,993 [1]
Corporate, Non-Segment [Member]                
Revenues, Total 0     0     0 0
Production expense 0     12     0 21
Other Demobilization Fees, Net 0           0  
Exploration expense 0     0     0 0
Depreciation, depletion and amortization 23     17     61 68
General and administrative expense 944     2,504     8,105 11,092
Bad debt expense and other 0     0     0 0
Total operating costs and expenses 967     2,533     8,166 11,181
Other operating expense, net 0     0     0 (353)
Operating income (967)     (2,533)     (8,166) (11,534)
Derivative instruments loss, net 3,778     (5,147)     (37,522) (21,070)
Interest (expense) income, net 117     3     160 9
Other (expense) income, net (6,403)     (9)     (7,714) (2,764)
Total other expense, net (2,508)     (5,153)     (45,076) (23,825)
Income from continuing operations before income taxes (3,475)     (7,686)     (53,242) (35,359)
Income tax (benefit) expense (2,572)     (18,022)     (10,205) (21,591)
Income from continuing operations (903)     10,336     (43,037) (13,768)
Loss from discontinued operations, net of tax (26)     (20)     (58) (72)
Net Income (Loss) Attributable to Parent, Total (929)     10,316     (43,095) (13,840)
Consolidated capital expenditures 53     0 [1]     120 0 [1]
Gabon Segment [Member] | Operating Segments [Member]                
Revenues, Total 78,097     55,899     257,738 142,696
Production expense 22,828     24,967     66,269 57,478
Other Demobilization Fees, Net 8,867           8,867  
Exploration expense 56     479     250 1,286
Depreciation, depletion and amortization 8,940     6,953     21,766 16,860
General and administrative expense 915     394     2,073 885
Bad debt expense and other 681     318     1,744 814
Total operating costs and expenses 42,287     33,111     100,969 77,323
Other operating expense, net 0     46     (5) (87)
Operating income 35,810     22,834     156,764 65,286
Derivative instruments loss, net 0     0     0 0
Interest (expense) income, net (351)     0     (515) 0
Other (expense) income, net (1,305)     (318)     (2,799) 6,854
Total other expense, net (1,656)     (318)     (3,314) 6,854
Income from continuing operations before income taxes 34,154     22,516     153,450 72,140
Income tax (benefit) expense 25,415     839     74,671 10,318
Income from continuing operations 8,739     21,677     78,779 61,822
Loss from discontinued operations, net of tax 0     0     0 0
Net Income (Loss) Attributable to Parent, Total 8,739     21,677     78,779 61,822
Consolidated capital expenditures 51,610     6,696 [1]     121,492 10,993 [1]
Equatorial Guinea Segment [Member] | Operating Segments [Member]                
Revenues, Total 0     0     0 0
Production expense 484     229     878 261
Other Demobilization Fees, Net 0           0  
Exploration expense 0     0     0 0
Depreciation, depletion and amortization 0     0     0 0
General and administrative expense 120     42     329 244
Bad debt expense and other 339     0     339 0
Total operating costs and expenses 943     271     1,546 505
Other operating expense, net 0     0     0 0
Operating income (943)     (271)     (1,546) (505)
Derivative instruments loss, net 0     0     0 0
Interest (expense) income, net 0     0     0 0
Other (expense) income, net 1     (1)     (1) (2)
Total other expense, net 1     (1)     (1) (2)
Income from continuing operations before income taxes (942)     (272)     (1,547) (507)
Income tax (benefit) expense 0     0     1 1
Income from continuing operations (942)     (272)     (1,548) (508)
Loss from discontinued operations, net of tax 0     0     0 0
Net Income (Loss) Attributable to Parent, Total (942)     (272)     (1,548) (508)
Consolidated capital expenditures $ 0     $ 0 [1]     $ 0 $ 0 [1]
[1] Excludes assets acquired in the Sasol acquisition.