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Consolidated Statements of Operations & Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Oil sales $ 23,162 $ 12,285 $ 52,742 $ 36,404
Natural gas sales 1,890 2,190 5,072 5,448
Natural gas liquid sales 1,831 1,063 4,820 2,685
Total revenues 26,883 15,538 62,634 44,537
Costs and expenses        
Lease operating and gas gathering 4,515 4,006 10,992 12,764
Production, ad valorem, and severance taxes 1,541 907 3,656 3,046
Rig standby expense 61 364 61 2,261
Depletion, depreciation, and amortization 15,891 10,665 40,527 38,301
Accretion of asset retirement obligations 38 53 96 160
Loss (gain) on sale of oil and gas properties 119 53 466 (1,478)
Impairment of oil and gas properties   29,144 27,081 31,082
Stock-based compensation 346 122 985 313
General and administrative 2,298 2,870 7,940 8,501
Acquisition costs 337   3,063  
Other (income) expense (4) 1 (62) 1,045
Total costs and expenses 25,142 48,185 94,805 95,995
Income (loss) from operations 1,741 (32,647) (32,171) (51,458)
Other income (expense)        
Interest expense (5,031) (5,751) (15,448) (16,961)
Gain on disposal of bonds   29,363   29,363
Amortization of finance costs (934) (1,594) (4,368) (2,683)
Gain (loss) on warrants 402 (611) 3,286 (611)
Gain (loss) on derivative financial instruments (7,657) 1,664 6,505 (3,405)
Total other income (expense), net (13,220) 23,071 (10,025) 5,703
Loss before income taxes (11,479) (9,576) (42,196) (45,755)
Income tax benefit (expense) 4,718 (1,684) 15,339 10,354
Net loss (6,761) (11,260) (26,857) (35,401)
Preferred stock dividends (1,824)   (2,120)  
Net loss attributable to common stockholders $ (8,585) $ (11,260) $ (28,977) $ (35,401)
Earnings per share:        
Basic $ (0.39) $ (1.44) $ (1.33) $ (4.64)
Diluted $ (0.39) $ (1.44) $ (1.33) $ (4.64)
Weighted Average Shares Outstanding - basic 21,822,015 7,842,586 21,822,015 7,629,896
Weighted Average Shares Outstanding - diluted 21,822,015 7,842,586 21,822,015 7,629,896
Comprehensive loss:        
Net loss $ (6,761) $ (11,260) $ (26,857) $ (35,401)
Foreign currency translation adjustments   (13)   (29)
Comprehensive loss $ (6,761) $ (11,273) $ (26,857) $ (35,430)