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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
OPERATING    
Net loss for the year $ (78,736) $ (87,665)
Adjustments for:    
Depletion, depreciation and amortization 40,036 29,177
Accretion 256 0
Deferred lease inducement (91) (95)
Impairment of exploration and evaluation assets 79,025 33,426
Stock-based compensation 1,478 2,418
Finance costs 6,233 6,068
Income tax expense 21,819 12,446
Loss on financial instruments 8,121 7,027
Unrealized (gain) loss on foreign currency translation (35) 4,292
Asset retirement obligations settled (695) 0
Income taxes paid (21,819) (15,455)
Changes in non-cash working capital 3,858 7,296
Net cash generated by (used in) operating activities 59,450 (1,065)
INVESTING    
Additions to intangible exploration and evaluation assets (16,905) (19,425)
Additions to petroleum and natural gas assets (20,301) (6,618)
Additions to other assets (953) (615)
Property acquisitions 0 (48,313)
Changes in restricted cash 18,323 (17,462)
Changes in non-cash working capital (1,587) 5,556
Net cash used in investing activities (21,423) (86,877)
FINANCING    
Repayment of note payable (11,041) 0
Financing costs (1,554) 0
Interest paid (6,952) (5,288)
Proceeds from long-term debt 85,328 0
Repayment of convertible debentures (73,375) 0
Repayments of long-term debt (15,000) 0
Net cash used in financing activities (22,594) (5,288)
Currency translation differences relating to cash and cash equivalents 548 (2,212)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 15,981 (95,442)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 31,468 126,910
CASH AND CASH EQUIVALENTS, END OF YEAR $ 47,449 $ 31,468