XML 36 R25.htm IDEA: XBRL DOCUMENT v3.20.2
Segment Information (Tables)
9 Months Ended
Sep. 30, 2020
Segment Information [Abstract]  
Segment Activity

Three Months Ended September 30, 2020

(in thousands)

Gabon

Equatorial Guinea

Corporate and Other

Total

Revenues-crude oil and natural gas sales

$

18,256

$

—

$

—

$

18,256

Depreciation, depletion and amortization

1,946

—

266

2,212

Operating income (loss)

6,957

(95)

(2,184)

4,678

Income tax expense (benefit)

(2,464)

1

(296)

(2,759)

Additions to crude oil and natural gas properties and equipment – accrual

(306)

—

(9)

(315)

Nine Months Ended September 30, 2020

(in thousands)

Gabon

Equatorial Guinea

Corporate and Other

Total

Revenues-crude oil and natural gas sales

$

54,619

$

—

$

—

$

54,619

Depreciation, depletion and amortization

7,790

—

326

8,116

Impairment of proved crude oil and natural gas properties

30,625

—

—

30,625

Bad debt expense and other

1,140

—

—

1,140

Other operating expense, net

(883)

—

—

(883)

Operating loss

(17,622)

(289)

(5,060)

(22,971)

Derivative instruments gain, net

—

—

6,583

6,583

Income tax expense

19,302

1

9,167

28,470

Additions to crude oil and natural gas properties and equipment – accrual

10,305

—

(9)

10,296

Three Months Ended September 30, 2019

(in thousands)

Gabon

Equatorial Guinea

Corporate and Other

Total

Revenues-crude oil and natural gas sales

$

17,603

$

—

$

—

$

17,603

Depreciation, depletion and amortization

1,437

—

72

1,509

Operating income (loss)

6,048

(54)

(4,493)

1,501

Derivative instruments gain, net

—

—

2,267

2,267

Income tax expense

4,774

—

2,907

7,681

Additions to crude oil and natural gas properties and equipment – accrual

6,112

—

—

6,112

Nine Months Ended September 30, 2019

(in thousands)

Gabon

Equatorial Guinea

Corporate and Other

Total

Revenues-crude oil and natural gas sales

$

62,598

$

—

$

—

$

62,598

Depreciation, depletion and amortization

4,751

—

220

4,971

Other operating expense, net

(4,436)

—

35

(4,401)

Operating income (loss)

24,541

(370)

(10,754)

13,417

Derivative instruments gain, net

—

—

2,266

2,266

Interest income, net

4

—

577

581

Other, net

(333)

(4)

(184)

(521)

Income tax expense

15,134

12

4,496

19,642

Additions to crude oil and natural gas properties and equipment – accrual

8,386

(187)

220

8,419

Long-lived Assets From Continuing Operations

(in thousands)

Gabon

Equatorial Guinea

Corporate and Other

Total

Long-lived assets from continuing operations:

As of September 30, 2020

$

28,614

$

10,000

$

231

$

38,845

As of December 31, 2019

$

57,930

$

10,000

$

328

$

68,258

(in thousands)

Gabon

Equatorial Guinea

Corporate and Other

Total

Total assets from continuing operations:

As of September 30, 2020

$

87,954

$

10,116

$

37,367

$

135,437

As of December 31, 2019

$

151,686

$

10,087

$

49,764

$

211,537