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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current Assets    
Cash and cash equivalents $ 26,109 $ 13,687
Restricted cash and cash equivalents (Note 10) 392 427
Accounts receivable (Note 3) 13,185 8,044
Investment (Note 15) 0 48,323
Taxes receivable (Note 4) 45,506 49,925
Other current assets 16,609 13,459
Total Current Assets 101,801 133,865
Oil and Gas Properties (using the full cost method of accounting)    
Proved 859,580 797,355
Unproved 131,865 161,763
Total Oil and Gas Properties 991,445 959,118
Other capital assets 4,352 5,364
Total Property, Plant and Equipment (Note 5) 995,797 964,482
Other Long-Term Assets    
Taxes receivable (Note 4) 17,522 42,635
Deferred tax assets (Note 13) 61,494 57,318
Other long-term assets 12,497 3,425
Total Other Long-Term Assets 91,513 103,378
Total Assets 1,189,111 1,201,725
Current Liabilities    
Accounts payable and accrued liabilities (Note 7) 148,694 100,784
Current portion of long-term debt (Note 8) 66,987 0
Taxes payable (Note 4) 6,620 0
Equity compensation award liability (Note 9 and 15) 2,710 805
Total Current Liabilities 227,987 113,639
Long-Term Liabilities    
Long-term debt (Note 8) 587,404 774,770
Asset retirement obligation (Note 10) 54,525 48,214
Equity compensation award liabilities (Note 9 and 15) 13,718 3,955
Other long-term liabilities 3,397 4,113
Total Long-Term Liabilities 659,044 831,052
Commitments and Contingencies (Note 14)
Shareholders’ Equity    
Common Stock (Note 9) (367,144,500 and 366,981,556 shares of Common Stock, par value $0.001 per share, issued and outstanding as at December 31, 2021, and December 31, 2020, respectively) 10,270 10,270
Additional paid in capital 1,287,582 1,285,018
Deficit (995,772) (1,038,254)
Total Shareholders’ Equity 302,080 257,034
Total Liabilities and Shareholders’ Equity $ 1,189,111 $ 1,201,725