XML 41 R27.htm IDEA: XBRL DOCUMENT v3.10.0.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2018
Income Taxes [Abstract]  
Schedule of deferred tax assets and liabilities
  December 31, 
2018
  December 31, 
2017
 
  US$
thousands
  US$
thousands
 
Deferred tax assets:      
Net operating loss carry forwards  39,976   35,044 
Other  2,520   2,203 
Total gross deferred tax assets  42,496   37,247 
Less – valuation allowance  (40,825)  (32,750)
Net deferred tax assets  1,671   4,497 
         
Deferred tax liabilities:        
Property and equipment  8   9 
Other  (269)  50 
Unproved oil and gas properties  (1,410)  (4,556)
Total gross deferred tax liabilities  (1,671)  (4,497)
         
Net deferred tax asset     
Schedule of income tax reconciliation
  

Year ended

December 31,
2018

  

Year ended

December 31,
2017

  Year ended
December 31,
2016
 
  US$ 
thousands
  US$ 
thousands
  

US$

thousands

 
Pre-tax loss as reported  (38,511)  (9,989)  (8,515)
             
U.S. statutory tax rate  21%  34%  34%
Theoretical tax expense  (8,087)  (3,396)  (2,895)
             
Increase in income tax expense resulting from:            
             
Permanent differences  12   5   5 
Change in tax rate  -   20,267    
Other differences  -   4    
Change in valuation allowance  8,075   (16,880)  2,890 
Income tax expense