XML 116 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Earnings (Loss) and Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
REVENUE    
Petroleum and natural gas sales, net of royalties $ 140,096 $ 176,227
Finance revenue 471 570
Revenue 140,567 176,797
EXPENSES    
Production and operating 50,626 53,298
Selling costs 1,287 2,103
General and administrative 16,611 18,688
Foreign exchange gain (147) (289)
Finance costs 4,256 5,075
Depletion, depreciation and amortization 34,948 34,291
Asset retirement obligation accretion 215 270
Loss on financial instruments 2,845 7,051
Impairment loss 7,937 14,500
Gain on disposition of assets (114) (207)
Total expenses 118,464 134,780
Earnings before income taxes 22,103 42,017
Income tax expense - current 26,098 26,340
NET (LOSS) EARNINGS (3,995) 15,677
OTHER COMPREHENSIVE (LOSS) INCOME    
Currency translation adjustments 2,073 (3,732)
COMPREHENSIVE (LOSS) INCOME $ (1,922) $ 11,945
Net (loss) earnings per share    
Basic $ (0.06) $ 0.22
Diluted $ (0.06) $ 0.22