XML 28 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net loss $ (20,984) $ (14,512)
Adjustments to reconcile net loss to cash used in operating activities:    
Depletion, depreciation and amortization 1,284 208
Amortization of deferred financing costs 1,911 73
Share-based compensation 796 664
Changes in components of working capital:    
Accounts receivable (693) (668)
Inventory 112 (226)
Prepaid expenses 127 (57)
Deposits (133)  
Accounts payable and accrued liabilities (5,070) 1,687
Gain on sale of assets (3)   
Other, net (7) (28)
Net cash used in operating activities (22,660) (12,859)
Cash flows from investing activities:    
Additions to oil and gas properties in China (2,957) (15,484)
Additions to other properties (222) (362)
Sales of other fixed assets      
Net cash used in investing activities (3,179) (15,846)
Cash flows from financing activities:    
Net proceeds from credit facility 6,193  
Net proceeds from sale of common stock   13,531
Net cash provided by financing activities 6,193 13,531
Net increase (decrease) in cash and cash equivalents (19,646) (15,174)
Cash and cash equivalents--beginning of period 23,263 27,760
Cash and cash equivalents--end of period 3,617 12,586
Supplemental cash flow information:    
Interest paid 1,583 1,227
Noncash investing and financing transactions:    
Common stock issued to convert notes payable   6,800
Asset retirement and environmental obligations $ 15 $ 154