In accordance with ASC 280, Segment Reporting (“ASC 280”), we have two reportable geographic segments: Turkey and Bulgaria. Summarized financial information from continuing operations concerning our geographic segments is shown in the following tables:

	Corporate			Turkey			Bulgaria			Total
	(in thousands)
For the year ended December 31, 2016
Total revenues	$	–		$	68,595		$	–		$	68,595
Production		–			12,293			75			12,368
Exploration, abandonment, and impairment		1,417			4,546			–			5,963
Cost of purchased gas		–			4,418			–			4,418
Seismic and other exploration		–			91			13			104
General and administrative		8,170			7,948			202			16,320
Depreciation, depletion and amortization		264			28,761			–			29,025
Accretion of asset retirement obligations		–			354			19			373
Total costs and expenses		9,851			58,411			309			68,571
Operating (loss) income		(9,851	)		10,184			(309	)		24
Interest and other expense		(8,633	)		(3,208	)		–			(11,841	)
Interest and other income		656			1,888			2			2,546
Loss on commodity derivative contracts		–			(3,257	)		–			(3,257	)
Foreign exchange gain (loss)		428			(4,293	)		(6	)		(3,871	)
(Loss) income from continuing operations before income taxes		(17,400	)		1,314			(313	)		(16,399	)
Income tax expense		–			(6,046	)		–			(6,046	)
Net loss from continuing operations	$	(17,400	)	$	(4,732	)	$	(313	)	$	(22,445	)
Total assets at December 31, 2016	$	17,007		$	153,560		$	609		$	171,176		⁽¹⁾
Capital expenditures for the year ended December 31, 2016	$	–		$	10,186		$	–		$	10,186
For the year ended December 31, 2015
Total revenues	$	–		$	85,064		$	–		$	85,064
Production		–			12,804			69			12,873
Exploration, abandonment, and impairment		–			17,778			3,766			21,544
Cost of purchased gas		–			2,082			–			2,082
Seismic and other exploration		55			264			51			370
General and administrative		12,729			11,132			277			24,138
Depreciation, depletion and amortization		306			37,401			–			37,707
Accretion of asset retirement obligations		–			350			18			368
Total costs and expenses		13,090			81,811			4,181			99,082
Operating (loss) income		(13,090	)		3,253			(4,181	)		(14,018	)
Interest and other expense		(7,383	)		(5,694	)		–			(13,077	)
Interest and other income		354			500			1			855
Gain on commodity derivative contracts		–			27,457			–			27,457
Foreign exchange loss		(58	)		(5,589	)		(6	)		(5,653	)
(Loss) income from continuing operations before income taxes		(20,177	)		19,927			(4,186	)		(4,436	)
Income tax expense		–			(22,229	)		–			(22,229	)
Net loss from continuing operations	$	(20,177	)	$	(2,302	)	$	(4,186	)	$	(26,665	)
Total assets at December 31, 2015	$	14,205		$	197,944		$	601		$	212,750		⁽²⁾
Capital expenditures for the year ended December 31, 2015	$	163		$	22,262		$	41		$	22,466
For the year ended December 31, 2014
Total revenues	$	–		$	138,807		$	23		$	138,830
Production		–			18,059			134			18,193
Exploration, abandonment, and impairment		–			19,820			44			19,864
Cost of purchased gas		–			2,055			–			2,055
Seismic and other exploration		178			4,106			1			4,285
Revaluation of contingent consideration		–			–			(2,500	)		(2,500	)
General and administrative		14,418			14,984			1,669			31,071
Depreciation, depletion and amortization		124			48,452			18			48,594
Accretion of asset retirement obligations		–			387			19			406
Total costs and expenses		14,720			107,863			(615	)		121,968
Operating (loss) income		(14,720	)		30,944			638			16,862
Interest and other expense		(36	)		(6,007	)		(1	)		(6,044	)
Interest and other income		350			770			4			1,124
Loss on commodity derivative contracts		–			37,454			–			37,454
Foreign exchange loss		(4	)		(6,497	)		(22	)		(6,523	)
(Loss) income loss from continuing operations before income Taxes		(14,410	)		56,664			619			42,873
Income tax expense		–			(13,659	)		–			(13,659	)
Net (loss) income from continuing operations	$	(14,410	)	$	43,005		$	619		$	29,214
Total assets at December 31, 2014	$	51,429		$	306,578		$	4,675		$	362,682		⁽²⁾
Goodwill at December 31, 2014	$	–		$	6,935		$	–		$	6,935
Capital expenditures for the year ended December 31, 2014	$	545		$	109,563		$	1,393		$	111,501

(1)

Excludes assets of TBNG of $25.2 million.

(2)

Excludes assets of TBNG and our discontinued Albanian and Moroccan operations of $85.4 million and $181.0 million at December 31, 2015 and 2014, respectively.