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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents (Note 10) $ 126,618 $ 62,146
Accounts receivable 10,763 12,359
Inventory 25,887 29,039
Other current assets (Note 9 and 10) 3,648 8,920
Total Current Assets 166,916 112,464
Oil and Gas Properties    
Proved 1,061,807 1,055,070
Unproved 57,945 54,116
Total Oil and Gas Properties 1,119,752 1,109,186
Other capital assets 37,900 33,664
Total Property, Plant and Equipment (Note 3) 1,157,652 1,142,850
Other Long-Term Assets    
Deferred tax assets 9,548 10,923
Taxes receivable 60,303 52,089
Other long-term assets (Note 9 and 10) 7,991 7,963
Total Other Long-Term Assets 77,842 70,975
Total Assets 1,402,410 1,326,289
Current Liabilities    
Accounts payable and accrued liabilities 207,447 187,007
Credit facility (Note 4) 0 35,609
Current portion of long-term debt (Note 4 and 9) 24,677 0
Taxes payable 22,173 27,219
Equity compensation award liability (Note 5) 3,424 10,419
Total Current Liabilities 257,721 260,254
Long-Term Liabilities    
Long-term debt (Note 4 and 9) 583,099 519,532
Deferred tax liabilities 72,799 57,453
Asset retirement obligation 75,826 73,029
Equity compensation award liability (Note 5) 9,895 8,750
Other long-term liabilities 11,059 10,877
Total Long-Term Liabilities 752,678 669,641
Contingencies (Note 8)
Shareholders' Equity    
Common Stock (31,429,826 and 32,275,113 issued, 31,401,214 and 32,246,501 outstanding shares of Common Stock, par value $0.001 per share, as at March 31, 2024 and December 31, 2023, respectively), (Note 5) [1] 9,935 9,936
Additional paid-in capital [1] 1,245,387 1,249,651
Treasury Stock (Note 5) [1] (203) (163)
Deficit [1] (863,108) (863,030)
Total Shareholders’ Equity [1] 392,011 396,394
Total Liabilities and Shareholders’ Equity $ 1,402,410 $ 1,326,289
[1] Reflects Company’s 1-for-10 reverse stock split that became effective May 5, 2023.