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Consolidated Statements of Loss and Comprehensive Loss - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
REVENUE    
Petroleum and natural gas sales, net of royalties $ 148,464 $ 63,134
Finance revenue 108 673
Revenue 148,572 63,807
EXPENSES    
Production and operating 50,212 40,323
Transportation costs 793 12
Selling costs 2,495 875
General and administrative 15,253 17,555
Foreign exchange loss 194 3,607
Finance costs 6,233 6,068
Depletion, depreciation and amortization 40,036 29,177
Accretion 256 0
Loss on financial instruments 10,992 7,983
Impairment of exploration and evaluation assets 79,025 33,426
Total expenses 205,489 139,026
Loss before income taxes (56,917) (75,219)
Income tax expense (recovery) – current 21,819 15,455
Income tax expense (recovery) – deferred 0 (3,009)
Income tax expense 21,819 12,446
NET LOSS FOR THE YEAR (78,736) (87,665)
OTHER COMPREHENSIVE INCOME    
Currency translation adjustments - gain 2,793 0
COMPREHENSIVE LOSS FOR THE YEAR $ (75,943) $ (87,665)
Loss per share    
Basic (in dollars per share) $ (1.09) $ (1.21)
Diluted (in dollars per share) $ (1.09) $ (1.21)