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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net loss $ (3,633) $ (37,643)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Deferred tax expense 0 86
Depreciation, depletion and amortization 6,117 10,138
Ceiling test writedown 0 18,857
Accretion of asset retirement obligation 547 608
Share-based compensation expense 425 442
Amortization costs and other 238 562
Non-cash PIK Interest 5,512 0
Payments to settle asset retirement obligations (402) (464)
Costs incurred to issue 2021 Notes 0 4,740
Changes in working capital accounts:    
Revenue receivable 1,025 (842)
Joint interest billing receivable 460 10,709
Accounts payable and accrued liabilities 3,037 (20,413)
Advances from co-owners 1,549 (12,021)
Other (1,462) (949)
Net cash provided by (used in) operating activities 13,413 (26,190)
Cash flows used in investing activities:    
Investment in oil and gas properties (10,898) (15,812)
Investment in other property and equipment (16) (23)
Sale of oil and gas properties 0 7,000
Net cash used in investing activities (10,914) (8,835)
Cash flows used in financing activities:    
Net proceeds from share based compensation 40 65
Deferred financing costs (10) (38)
Payment of preferred stock dividend 0 (1,284)
Redemption of 2017 Notes (22,650) (53,626)
Costs incurred to issue 2021 Notes 0 (4,740)
Proceeds from borrowings 20,000 0
Net cash used in financing activities (2,620) (59,623)
Net decrease in cash and cash equivalents (121) (94,648)
Cash and cash equivalents, beginning of period 28,312 148,013
Cash and cash equivalents, end of period 28,191 53,365
Cash paid during the period for:    
Interest $ 2,975 $ 16,781