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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
Operating activities:          
Net income (loss) $ 1,070 $ (1,720) $ (2,841) $ (4,501)  
Adjustments to reconcile net loss to net cash provided by operating activities:          
Share-based compensation     298 340  
Foreign currency loss     1,776 20,748  
Interest on Series A Preferred Shares paid in common shares     3,684    
Loss on derivative contracts (403) 1,290 30 5,156  
Cash settlement on derivative contracts       (3,710)  
Amortization on loan financing costs     31 31  
Deferred income tax expense     4,396 5,577  
Exploration, abandonment and impairment 488 162 6,267 393  
Depreciation, depletion and amortization 3,021 2,938 10,179 10,673  
Accretion of asset retirement obligations 56 35 157 124 $ 174
Changes in operating assets and liabilities:          
Accounts receivable     172 (14,920)  
Prepaid expenses and other assets     (6,567) (6,831)  
Accounts payable and accrued liabilities     8,122 12,136  
Net cash provided by operating activities     25,704 25,216  
Investing activities:          
Additions to oil and natural gas properties     (24,847) (17,708)  
Additions to equipment and other properties     (341) (3,254)  
Net cash used in investing activities     (25,188) (20,962)  
Financing activities:          
Tax withholding on restricted share units     (97) (15)  
Note receivable - related party     1,000    
Loan proceeds     20,605 10,000  
Loan repayment     (16,550) (12,425)  
Net cash provided by (used in) financing activities     4,958 (2,440)  
Effect of exchange rate on cash flows, cash equivalents, and restricted cash     (914) (8,535)  
Net increase (decrease) in cash, cash equivalents and restricted cash     4,560 (6,721)  
Cash, cash equivalents and restricted cash, beginning of period [1]     10,032 20,432 20,432
Cash, cash equivalents and restricted cash, end of period $ 14,592 [2] $ 13,711 [2] 14,592 [2] 13,711 [2] $ 10,032 [1]
Supplemental disclosures:          
Cash paid for interest     3,387 7,333  
Cash paid for taxes     $ 2,988 $ 2,847  
[1] The beginning of period balance at December 31, 2018 includes cash and cash equivalents of $9.9 million and restricted cash of $0.1 million in other assets. The beginning of period balance at December 31, 2017 includes cash and cash equivalents of $18.9 million and restricted cash of $1.5 million in other assets
[2] The end of period balance at September 30, 2019 includes cash and cash equivalents of $14.5 million and restricted cash of $0.1 million in other assets. The end of period balance at September 30, 2018 includes cash and cash equivalents of $13.6 million and restricted cash of $0.1 million in other assets.