XML 48 R7.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities:        
Net Income (Loss) $ (5,858) $ 16,053    
Adjustments to reconcile net income to net cash provided by operating activities -        
Depreciation, depletion, and amortization 23,439 21,805    
Write-down of oil and gas properties 95,606 0    
Accretion of asset retirement obligation 86 83 $ 329  
Deferred income taxes (1,065) 134    
Stock-based compensation expenses 1,260 1,692    
Loss (gain) on derivatives (88,287) 4,022    
Cash settlements on derivatives 47,650 1,077    
Settlements of asset retirement obligations (2) (31)    
Other Noncash Income (Expense) 1,142 564    
(Increase) decrease in accounts receivable and other current assets 9,436 14,401    
Increase (decrease) in accounts payable and accrued liabilities (6,937) (9,105)    
Increase (Decrease) in Income Taxes Payable (176) 0    
Increase (decrease) in accrued interest (211) (100)    
Net Cash Provided by (Used in) Operating Activities 76,083 50,595    
Cash Flows from Investing Activities:        
Additions to property and equipment (52,618) (86,555)    
Proceeds from the sale of property and equipment 0 (91)    
Payments on property sale obligations (142) (1,278)    
Net Cash Provided by (Used in) Investing Activities (52,760) (87,924)    
Cash Flows from Financing Activities:        
Proceeds from bank borrowings 50,000 132,000    
Payments of bank borrowings (39,000) (96,000)    
Purchase of treasury shares (83) (260)    
Net Cash Provided by (Used in) Financing Activities 10,917 35,740    
Net increase (decrease) in Cash, Cash Equivalents and Restricted Cash 34,240 (1,589)    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 35,598 876 $ 1,358 $ 2,465
Supplemental Disclosures of Cash Flows Information:        
Cash paid during period for interest, net of amounts capitalized 8,048 8,303    
Income Taxes Paid, Net 0 0    
Changes in capital accounts payable and capital accruals $ (1,989) $ 1,487