VAALCO Energy, Inc(NYSE:EGY) 
VAALCO Energy, Inc., an independent energy company, acquires, explores for, develops, and produces crude oil and natural gas. The company holds Etame production sharing contract related to the Etame Marin block located offshore in the Republic of Gabon in West Africa. It also owns interests in an un...
Website: http://www.vaalco.com
Founded: 1985
Full Time Employees: 111
Sector: Energy
Industry: Oil & Gas E&P
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At a glance:
- Focused West African and Egyptian Oil Production: VAALCO Energy is an independent upstream oil and gas company with primary production assets in Gabon (Etame Marin block) and Egypt, following its strategic merger with TransGlobe Energy.
- Enhanced Scale and Reserves Post-Merger: The October 2022 merger with TransGlobe Energy significantly expanded VAALCO's production, reserves, and operational footprint, establishing a larger, more diversified portfolio across West Africa and Egypt.
- Strong Financials and Shareholder Capital Returns: The company boasts a strong balance sheet, generates substantial free cash flow, and is committed to returning capital to shareholders through a consistent dividend and potential share repurchase programs.
- Strategic Focus on Asset Optimization and Development: VAALCO's strategy centers on maximizing value from existing assets through efficient operations, workovers, and infill drilling, alongside pursuing low-risk development and exploration opportunities within its core regions.
Bull Thesis:
- Successful Integration and Diversification Post-TransGlobe Acquisition: The acquisition of TransGlobe Energy has significantly scaled VAALCO's production, reserves, and geographic footprint (Gabon, Equatorial Guinea, Egypt, Canada), reducing single-asset risk and providing a more robust platform for growth and stable cash flow generation. Successful integration is expected to unlock synergies and enhance operational efficiency.
- Strong Free Cash Flow Generation and Shareholder Returns: With a larger, diversified asset base and a focus on optimizing existing production, VAALCO is positioned to generate substantial free cash flow. This enables consistent dividends and potential share buybacks, appealing to income-focused investors and demonstrating a commitment to returning capital to shareholders.
- Attractive Valuation Relative to Peers and Asset Base: Despite the significant increase in scale and cash flow potential post-acquisition, VAALCO may still be undervalued compared to its E&P peers. This suggests potential upside as the market fully recognizes the benefits of the TransGlobe integration and its enhanced, diversified asset portfolio.
- Leverage to Favorable Oil Price Environment: As an upstream exploration and production (E&P) company, VAALCO is a direct beneficiary of sustained high crude oil prices (Brent). This directly translates to higher revenues, profitability, and cash flow, especially given its relatively low-cost production profile across its operating regions.
Bear Thesis:
- Integration Risks and Execution Challenges of TransGlobe Assets: Successfully integrating the diverse assets and operations of TransGlobe, particularly in Egypt and Canada, could prove more complex, costly, or time-consuming than anticipated. This could delay synergy realization, impact operational efficiency, or lead to unexpected expenses.
- Exposure to Volatile Crude Oil Prices: VAALCO's financial performance is highly sensitive to fluctuations in global crude oil prices. A significant and sustained downturn in oil prices would severely impact its revenues, cash flow, and profitability, potentially jeopardizing its ability to maintain shareholder returns and fund future operations.
- Geopolitical and Operational Risks in Key Operating Regions: Operating in regions like West Africa (Gabon, Equatorial Guinea) and Egypt exposes VAALCO to inherent geopolitical instability, regulatory changes, security concerns, and potential operational disruptions (e.g., infrastructure issues, government relations) that could impact production and profitability.
- Production Decline Rates and Reserve Replacement Challenges: E&P companies face natural production declines from existing fields. If VAALCO struggles to cost-effectively replace reserves through new discoveries or development, its long-term production profile and asset value could diminish, potentially requiring significant capital expenditure to maintain output.
- Capital Expenditure Requirements and Impact on Free Cash Flow: While the company aims for strong free cash flow, maintaining and growing production, especially across a more diverse asset base, will require ongoing capital expenditures. Higher-than-anticipated capex could reduce the cash available for dividends, share buybacks, or debt reduction, impacting shareholder value.
Main Competitors:
- Tullow Oil plc ($TLW.L) (Oil & Gas Exploration and Production), Competes for exploration and production opportunities, capital, and operational talent in West Africa, particularly in countries like Gabon and Ghana, where both companies seek to develop oil and gas assets.
- Kosmos Energy Ltd. ($KOS) (Oil & Gas Exploration and Production), A significant independent E&P player in West Africa, directly competing with VAALCO for offshore exploration blocks, development projects, and farm-in opportunities in countries like Equatorial Guinea and Ghana.
- BW Energy Limited ($BWE.OL) (Oil & Gas Exploration and Production), Operates in Gabon, a key country for VAALCO, and competes for offshore development projects, infrastructure access, and capital allocation within the West African E&P landscape.
- Panoro Energy ASA ($PEN.OL) (Oil & Gas Exploration and Production), A direct peer with a strong focus on West Africa, including Gabon and Equatorial Guinea, competing for similar asset types, farm-in opportunities, and investor capital in the region.
Moat:
VAALCO Energy operates in the highly competitive independent oil and gas exploration and production (E&P) sector, particularly focused on West Africa. Its 'moat' is primarily derived from its established operational track record and long-standing relationships with host governments in its core regions, such as Gabon and Equatorial Guinea, along with its existing producing assets that generate cash flow. However, E&P companies generally lack traditional moats like network effects or proprietary technology. Competition is intense for securing new exploration acreage, attracting capital for development projects, and optimizing operational efficiency to achieve lower lifting costs. VAALCO competes directly with other independent E&P firms, both larger and smaller, that target similar offshore opportunities in West Africa, all highly exposed to volatile global commodity prices and geopolitical risks.
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2009-03-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2006-03-31 | 2005-12-31 | 2005-06-30 | 2005-03-31 |
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revenues: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
crude oil, natural gas and natural gas liquids sales | 62,599,000 | 91,042,000 | 61,007,000 | 96,893,000 | 110,329,000 | 121,721,000 | 140,334,000 | 116,778,000 | 100,155,000 | 149,154,000 | 116,269,000 | 109,240,000 | 80,403,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
operating costs and expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
production expense | 28,379,000 | 43,107,000 | 29,872,000 | 40,393,000 | 44,806,000 | 36,641,000 | 42,324,000 | 52,446,000 | 32,089,000 | 46,397,000 | 39,956,000 | 38,604,000 | 28,200,000 | 45,514,000 | 23,312,000 | 25,475,000 | 18,360,000 | 23,495,000 | 25,208,000 | 16,419,000 | 16,133,000 | 6,456,000 | 8,984,000 | 12,126,000 | 9,749,000 | 9,815,000 | 9,836,000 | 9,819,000 | 8,219,000 | 9,157,000 | 7,481,000 | 12,817,000 | 10,960,000 | 11,549,000 | 10,336,000 | 9,866,000 | 7,946,000 | 11,830,000 | 7,162,000 | 7,341,000 | 11,253,000 | 13,459,000 | 7,859,000 | 8,867,000 | 9,911,000 | 10,075,000 | 7,145,000 | 4,848,000 | 5,688,000 | ||||||||||||||||
exploration expense | 22,394,000 | 6,041,000 | 353,000 | 2,520,000 | 48,000 | 706,000 | 1,194,000 | 57,000 | 8,000 | 8,000 | 56,000 | 67,000 | 127,000 | 293,000 | 479,000 | 665,000 | 142,000 | 3,572,000 | 16,000 | 2,000 | 12,000 | 3,000 | 4,000 | 1,000 | 2,000 | 2,000 | 1,000 | 8,874,000 | 9,007,000 | 1,113,000 | 27,459,000 | 145,000 | 598,000 | 3,293,000 | 2,472,000 | 11,070,000 | 36,001,000 | 699,000 | 3,484,000 | 20,466,000 | 252,000 | 2,302,000 | 149,000 | ||||||||||||||||||||||
depreciation, depletion and amortization | 18,212,000 | 30,845,000 | 20,555,000 | 28,273,000 | 30,305,000 | 37,047,000 | 47,031,000 | 33,132,000 | 25,824,000 | 20,344,000 | 32,538,000 | 38,003,000 | 24,417,000 | 26,316,000 | 8,963,000 | 8,191,000 | 4,673,000 | 4,132,000 | 6,970,000 | 5,810,000 | 4,148,000 | 1,266,000 | 2,212,000 | 2,801,000 | 3,103,000 | 2,112,000 | 1,509,000 | 1,909,000 | 1,553,000 | 2,307,000 | 1,130,000 | 1,035,000 | 1,124,000 | 918,000 | 1,700,000 | 1,970,000 | 1,869,000 | 1,139,000 | 1,607,000 | 1,945,000 | 2,241,000 | 9,517,000 | 8,259,000 | 9,299,000 | 5,935,000 | 4,642,000 | 4,289,000 | 6,995,000 | 4,160,000 | 5,918,000 | 3,954,000 | 3,198,000 | 4,861,000 | 6,850,000 | 5,654,000 | 1,847,000 | 1,320,000 | 1,587,000 | |||||||
loss on sale of assets | 1,202,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative expense | 8,276,000 | 6,696,000 | 8,845,000 | 8,496,000 | 9,051,000 | 8,454,000 | 6,929,000 | 7,591,000 | 6,710,000 | 7,005,000 | 6,216,000 | 5,395,000 | 5,224,000 | -430,000 | 1,979,000 | 3,534,000 | 4,994,000 | 2,545,000 | 2,940,000 | 4,734,000 | 4,547,000 | 4,744,000 | 2,178,000 | 3,019,000 | 754,000 | 2,950,000 | 4,738,000 | 2,728,000 | 4,439,000 | 976,000 | 2,811,000 | 5,008,000 | 2,603,000 | 1,723,000 | 2,463,000 | 3,049,000 | 3,127,000 | 708,000 | 2,420,000 | 4,043,000 | 2,984,000 | 3,323,000 | 3,804,000 | 2,829,000 | 4,873,000 | 3,505,000 | 3,967,000 | 3,134,000 | |||||||||||||||||
credit losses (recovery) and other | 271,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating costs and expenses | 78,734,000 | 153,534,000 | 60,109,000 | 79,711,000 | 84,135,000 | 83,224,000 | 96,353,000 | 96,510,000 | 67,796,000 | 68,946,000 | 80,726,000 | 88,386,000 | 58,784,000 | 72,407,000 | 44,197,000 | 37,838,000 | 28,646,000 | 30,526,000 | 35,915,000 | 28,023,000 | 25,071,000 | 16,063,000 | 13,541,000 | 18,125,000 | 45,041,000 | 14,127,000 | 16,137,000 | 14,461,000 | 14,182,000 | 12,433,000 | 7,940,000 | 19,017,000 | 14,631,000 | 14,413,000 | 14,454,000 | 15,068,000 | 13,055,000 | 13,235,000 | 11,751,000 | 14,274,000 | 17,621,000 | 89,301,000 | 49,667,000 | 28,225,000 | 53,857,000 | 22,331,000 | 29,636,000 | 51,293,000 | 22,036,000 | 20,186,000 | 31,720,000 | 6,110,000 | 6,238,000 | 5,257,000 | |||||||||||
operating income | -16,135,000 | -64,883,000 | 898,000 | 17,182,000 | 26,194,000 | 38,507,000 | 44,083,000 | 20,400,000 | 32,193,000 | 80,939,000 | 35,548,000 | 20,551,000 | 21,619,000 | 24,224,000 | 33,900,000 | 73,147,000 | 40,005,000 | 25,853,000 | 20,030,000 | 18,874,000 | 14,343,000 | -4,292,000 | 4,678,000 | -966,000 | -26,683,000 | 7,776,000 | 1,501,000 | 6,370,000 | 5,546,000 | 15,206,000 | 17,320,000 | 5,723,000 | 13,038,000 | 2,495,000 | 3,721,000 | 5,587,000 | 8,148,000 | 1,833,000 | 2,858,000 | 4,573,000 | -6,648,000 | -75,124,000 | -32,121,000 | -1,030,000 | -35,278,000 | -94,276,000 | 6,687,000 | 33,828,000 | -650,000 | 35,951,000 | 8,104,000 | 2,260,000 | 15,594,000 | 38,632,000 | -10,462,000 | 25,127,000 | 10,361,000 | 17,887,000 | |||||||
yoy | -161.60% | -268.50% | -97.96% | -15.77% | -18.63% | -52.42% | 24.01% | -0.73% | 48.91% | 234.13% | 4.86% | -71.90% | -45.96% | -6.30% | 69.25% | 287.55% | 178.92% | -702.35% | 328.17% | -2053.83% | -153.75% | -155.20% | 211.66% | -115.16% | -581.12% | -48.86% | -91.33% | 11.31% | -57.46% | 509.46% | 365.47% | 2.43% | 60.01% | 36.12% | 30.20% | 22.17% | -222.56% | -102.44% | -108.90% | -543.98% | -81.16% | -20.31% | -580.35% | -103.04% | 5327.38% | -362.23% | -17.49% | 1396.81% | -104.17% | -6.94% | -469.26% | -141.64% | |||||||||||||
qoq | -75.13% | -7325.28% | -94.77% | -34.40% | -31.98% | -12.65% | 116.09% | -36.63% | -60.23% | 127.69% | 72.97% | -4.94% | -10.75% | -28.54% | -53.65% | 82.84% | 54.74% | 29.07% | 6.12% | 31.59% | -434.18% | -191.75% | -584.27% | -96.38% | -443.15% | 418.05% | -76.44% | 14.86% | -63.53% | -12.21% | 202.64% | -56.11% | 422.57% | -32.95% | -33.40% | -31.43% | 344.52% | -35.86% | -37.50% | -168.79% | -91.15% | 133.88% | 3018.54% | -97.08% | -62.58% | -1509.84% | -80.23% | -5304.31% | -101.81% | 343.62% | 258.58% | -85.51% | -59.63% | -42.08% | |||||||||||
other expense | -1,034,000 | -1,012,000 | -537,000 | -1,140,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative instruments loss | -70,581,000 | -74,000 | -9,542,000 | -31,758,000 | -1,912,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | -1,699,000 | -2,044,000 | -2,333,000 | -2,572,000 | -1,295,000 | -1,092,000 | -588,000 | -1,117,000 | -935,000 | -1,343,750 | -1,426,000 | -1,703,000 | -2,246,000 | -30,000 | -354,000 | -306,000 | -327,000 | -378,000 | -329,000 | -328,000 | -1,470,000 | -489,000 | -218,000 | -465,000 | -344,000 | -310,000 | -15,000 | -331,000 | -120,000 | -101,000 | |||||||||||||||||||||||||||||||||||
total other expense | -73,314,000 | 17,054,000 | -2,269,000 | 626,000 | -3,563,000 | -2,209,000 | -3,365,000 | -12,097,750 | -4,163,000 | -11,771,000 | -32,457,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | -89,449,000 | -63,251,000 | -2,495,000 | 15,363,000 | 23,813,000 | 28,855,000 | 43,564,000 | 37,454,000 | 29,924,000 | 2,740,000 | -3,411,000 | -76,537,000 | -30,961,000 | -931,000 | -35,640,000 | -94,749,000 | 6,870,000 | 33,720,000 | -912,000 | 36,024,000 | 8,048,000 | 2,154,000 | 15,603,000 | 39,046,000 | -9,626,000 | ||||||||||||||||||||||||||||||||||||||||
income tax expense | 4,315,000 | -4,648,000 | -3,596,000 | 6,983,000 | 16,083,000 | 17,192,000 | 32,574,000 | 9,303,000 | 22,238,000 | 37,574,000 | 25,844,000 | 11,588,000 | 14,771,000 | 6,953,000 | 22,843,000 | 46,252,000 | -4,628,000 | 2,825,000 | 3,086,000 | 33,478,000 | 9,208,000 | 2,753,000 | 3,582,000 | 4,042,000 | 1,339,000 | 2,749,000 | 3,096,000 | 3,194,000 | 2,364,000 | 2,198,000 | 3,001,000 | 4,652,000 | 4,242,000 | 2,707,000 | 4,273,000 | 3,365,000 | 41,383,000 | -3,761,000 | -9,009,000 | -6,126,000 | 9,648,000 | 5,662,000 | 21,073,000 | 14,191,000 | 26,729,000 | 2,379,000 | 12,120,000 | 4,907,000 | 9,876,000 | ||||||||||||||||
net income | -93,764,000 | -58,603,000 | 1,101,000 | 8,380,000 | 7,730,000 | 11,663,000 | 10,990,000 | 28,151,000 | 7,686,000 | 43,991,000 | 6,141,000 | 6,752,000 | 3,470,000 | 17,754,000 | 6,868,000 | 15,104,000 | 12,164,000 | 34,362,000 | 31,721,000 | 5,884,000 | 9,869,000 | -3,595,000 | 7,618,000 | 596,000 | -52,800,000 | 1,014,000 | -3,919,000 | -1,033,000 | 6,501,000 | 10,424,000 | 78,605,000 | 544,000 | 8,659,000 | 3,431,000 | -322,000 | 2,283,000 | 4,259,000 | -2,627,000 | -15,599,000 | -261,000 | -8,063,000 | -80,779,000 | -33,668,000 | -5,204,000 | -98,338,000 | 3,109,000 | 24,712,000 | -7,038,000 | 26,376,000 | 2,386,000 | -18,919,000 | 1,412,000 | 12,317,000 | -12,005,000 | 10,974,000 | 4,998,000 | 7,262,000 | ||||||||
yoy | -1312.99% | -602.47% | -89.98% | -70.23% | 0.57% | -73.49% | 78.96% | 316.93% | 121.50% | 147.78% | -10.59% | -55.30% | -71.47% | -48.33% | -78.35% | 156.70% | 23.25% | -1055.83% | 316.40% | 887.25% | -118.69% | -454.54% | -294.39% | -157.70% | -912.18% | -90.27% | -104.99% | -289.89% | -24.92% | 203.82% | -24511.49% | -76.17% | 103.31% | -230.61% | -97.94% | -974.71% | -152.82% | -96.75% | -53.67% | -94.98% | -17.86% | -1182.92% | -121.06% | -472.83% | 30.30% | -230.62% | -598.44% | 114.14% | -202.60% | -209.39% | |||||||||||||||
qoq | 60.00% | -5422.71% | -86.86% | 8.41% | -33.72% | 6.12% | -60.96% | 266.26% | -82.53% | 616.35% | -9.05% | 94.58% | -80.46% | 158.50% | -54.53% | 24.17% | -64.60% | 8.33% | 439.11% | -40.38% | -374.52% | -147.19% | 1178.19% | -101.13% | -5307.10% | -125.87% | 279.38% | -115.89% | -37.63% | -86.74% | 14349.45% | -93.72% | 152.38% | -1165.53% | -114.10% | -46.40% | -262.12% | -83.16% | 5876.63% | -96.76% | -90.02% | 139.93% | 546.96% | -3263.01% | -87.42% | -451.12% | -126.68% | 1005.45% | -112.61% | -1439.87% | -88.54% | -31.18% | |||||||||||||
other comprehensive income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
currency translation adjustments | 112,000 | 1,387,000 | -1,799,000 | 4,759,000 | 117,000 | -5,975,000 | 1,655,000 | -1,068,000 | -2,454,000 | 2,036,000 | -2,216,000 | 2,006,000 | -125,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income | -93,652,000 | -57,216,000 | -698,000 | 13,139,000 | 7,847,000 | 5,688,000 | 12,645,000 | 27,083,000 | 5,232,000 | 46,027,000 | 3,925,000 | 8,758,000 | 3,345,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
basic net income per share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | -0.9 | -0.56 | 0.01 | 0.08 | 0.07 | 0.11 | 0.1 | 0.27 | 0.07 | 0.41 | 0.06 | 0.06 | 0.03 | 0.17 | 0.12 | 0.25 | 0.21 | 0.57 | 0.53 | 0.1 | 0.17 | -0.06 | 0.13 | 0.01 | -0.91 | 0.02 | -0.07 | -0.01 | 0.1 | 0.17 | 1.31 | 0.01 | 0.15 | ||||||||||||||||||||||||||||||||
basic weighted-average shares outstanding | 104,258 | 104,055 | 104,258 | 103,936 | 103,758 | 103,669 | 103,743 | 103,528 | 103,659 | 106,376 | 106,289 | 106,965 | 107,387 | 69,568 | 59,068 | 58,925 | 58,702 | 58,230 | 58,586 | 58,072 | 57,636 | 57,594 | 57,456 | 57,456 | 57,975 | 59,143 | 58,953 | 59,801 | 59,630 | 59,248 | 59,481 | 59,090 | 58,863 | 58,717 | 58,817 | 58,658 | 58,567 | 58,384 | 58,708 | 58,464 | 58,513 | 58,289 | 58,392 | 58,302 | 57,981 | 57,229 | 57,304 | 56,951 | 56,860 | 57,299 | 57,673 | ||||||||||||||
diluted net income per share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted weighted-average shares outstanding | 104,258 | 104,055 | 104,283 | 103,958 | 103,785 | 103,747 | 103,842 | 103,676 | 104,541 | 106,555 | 106,433 | 107,613 | 108,752 | 69,982 | 59,450 | 59,361 | 59,179 | 58,755 | 58,916 | 58,574 | 58,461 | 57,594 | 57,741 | 57,594 | 57,975 | 59,143 | 58,953 | 59,801 | 60,683 | 59,997 | 60,818 | 59,851 | 58,863 | 58,720 | 58,817 | 58,658 | 58,580 | 58,384 | 58,708 | 58,464 | 58,513 | 58,289 | 58,392 | 58,302 | 57,981 | 57,229 | 57,868 | 57,537 | 56,860 | 57,925 | 58,832 | 57,407 | 58,261 | 60,476 | 60,173 | 58,072 | 58,388 | ||||||||
credit losses and other | 121,250 | 484,000 | 29,000 | 1,305,500 | 69,000 | 3,341,000 | 1,812,000 | 609,250 | 822,000 | 680,000 | 935,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other operating income | 17,000 | 102,000 | 132,000 | -166,000 | 731,000 | 5,000 | 43,000 | 46,000 | -786,000 | -37,000 | -20,000 | 35,000 | -4,399,000 | -37,000 | 33,000 | 314,000 | 24,000 | -248,000 | 230,000 | -63,000 | -26,000 | -3,346,000 | 58,000 | 340,000 | |||||||||||||||||||||||||||||||||||||||||
other income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative instruments gain | 3,643,000 | -1,093,000 | 400,000 | -365,000 | 210,000 | 257,000 | -847,000 | 2,500,000 | -2,320,000 | 31,000 | 21,000 | -290,000 | 3,778,000 | -1,756,000 | -5,147,000 | -9,969,000 | -5,954,000 | -6,000 | -756,000 | 7,339,000 | -2,712,000 | 2,267,000 | 1,911,000 | ||||||||||||||||||||||||||||||||||||||||||
bargain purchase gain | -6,366,000 | 19,898,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | -157,000 | 33,000 | 353,000 | -1,829,000 | -141,000 | -1,984,000 | -487,000 | -797,000 | 183,000 | 2,466,000 | -7,707,000 | -2,111,000 | -696,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
total other income | 1,632,000 | -3,393,000 | -1,819,000 | -2,381,000 | -9,652,000 | -519,000 | -2,349,000 | -5,472,000 | -10,132,000 | -1,369,000 | -35,000 | 170,000 | -698,000 | 7,424,000 | -2,477,000 | 2,322,000 | 1,967,000 | -1,963,000 | 6,644,000 | -918,000 | -1,254,000 | -285,000 | 2,378,000 | -1,120,000 | -40,000 | -519,000 | -1,810,000 | -476,000 | -1,833,000 | 3,237,000 | -1,413,000 | 1,160,000 | 99,000 | -362,000 | -473,000 | 183,000 | -108,000 | 73,000 | -56,000 | -106,000 | 9,000 | 414,000 | 836,000 | 114,000 | 183,000 | 121,000 | |||||||||||||||||||
credit (recovery) losses and other | -27,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other operating expense | -303,000 | -5,000 | -126,000 | -360,000 | -815,000 | -31,000 | -1,106,000 | 324,000 | 754,000 | 8,881,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
fpso demobilization and other costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transaction costs related to acquisition | 1,313,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fpso demobilization | 1,411,750 | 8,867,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income taxes | 81,565,000 | 31,985,000 | 18,342,000 | 18,254,000 | 24,721,000 | 29,737,000 | 61,376,000 | 7,548,000 | 23,504,000 | 14,558,000 | 8,742,000 | 12,974,000 | -4,327,000 | 4,848,000 | -1,664,000 | -19,259,000 | 5,299,000 | 3,823,000 | 8,337,000 | 3,583,000 | 21,850,000 | 16,402,000 | 4,469,000 | 12,753,000 | 4,873,000 | 2,601,000 | 5,547,000 | 7,629,000 | 23,000 | 2,382,000 | |||||||||||||||||||||||||||||||||||
income from continuing operations | 43,991,000 | 6,141,000 | 6,754,000 | 3,483,000 | 17,768,000 | 6,894,000 | 15,124,000 | 12,176,000 | 34,388,000 | 31,741,000 | 5,917,000 | 9,888,000 | -3,538,000 | 7,607,000 | 585,000 | -52,737,000 | 1,051,000 | -3,858,000 | -871,000 | 830,000 | 10,504,000 | 78,626,000 | 887,000 | 8,711,000 | 3,534,000 | -148,000 | 2,451,000 | 4,435,000 | -2,341,000 | 184,000 | |||||||||||||||||||||||||||||||||||
loss from discontinued operations, net of tax | -2,000 | -13,000 | -14,000 | -26,000 | -20,000 | -19,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fpso demobilization - norms waste disposal | 5,647,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
crude oil and natural gas sales | 64,434,500 | 78,097,000 | 110,985,000 | 68,656,000 | 56,379,000 | 55,899,000 | 47,023,000 | 39,774,000 | 12,557,000 | 18,256,000 | 17,974,000 | 18,389,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
bad debt expense and other | 999,000 | 1,020,000 | 571,000 | 492,000 | 61,000 | 318,000 | 395,000 | 101,000 | 285,000 | 151,000 | 145,000 | 220,000 | -49,000 | 183,000 | 98,000 | 645,000 | 63,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
interest income | -1,679,000 | -234,000 | -118,000 | -3,000 | 1,000 | 3,000 | 1,000 | 5,000 | 5,000 | 23,000 | 11,000 | 116,000 | 152,000 | 193,000 | 201,000 | 187,000 | -68,250 | 111,000 | -403,000 | 1,000 | 1,000 | 3,202,000 | 3,000 | 5,000 | 4,000 | 10,000 | 19,000 | 17,000 | 29,000 | 16,000 | 16,000 | 36,000 | 36,000 | 32,000 | 385,000 | 485,000 | 240,000 | 160,000 | |||||||||||||||||||||||||||
income loss from discontinued operations, net of tax | -12,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of proved crude oil and natural gas properties | 30,625,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | -594,000 | -328,000 | -164,000 | 4,580,000 | -34,000 | 147,000 | 47,000 | -31,000 | 83,000 | -138,000 | -145,000 | -238,000 | 6,516,000 | -1,029,000 | -1,224,000 | 69,000 | 2,684,000 | -793,000 | 338,000 | -116,000 | -1,482,000 | -149,000 | -363,000 | 524,000 | -1,195,000 | 1,622,000 | 438,000 | 280,000 | -483,000 | 164,000 | -125,000 | -291,000 | 57,000 | -72,000 | -142,000 | -27,000 | 382,000 | 466,000 | -40,000 | 63,000 | 62,000 | ||||||||||||||||||||||||
income tax benefit | -2,818,000 | -17,183,000 | -789,000 | -2,759,000 | -2,249,000 | 4,248,000 | 7,681,000 | 11,346,000 | -62,224,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax | -26,000 | -20,000 | -33,000 | -57,000 | 11,000 | 11,000 | -63,000 | -37,000 | -61,000 | -162,000 | 5,671,000 | -168,000 | -176,000 | -286,000 | -15,783,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
bad debt (recovery) expense and other | 179,000 | 810,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
oil and natural gas sales | 15,649,500 | 17,603,000 | 25,230,000 | 19,765,000 | 27,606,000 | 25,266,000 | 24,426,000 | 27,645,000 | 17,156,000 | 18,178,000 | 20,425,000 | 21,266,000 | 15,326,000 | 14,635,000 | 18,847,000 | 10,976,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
gain on revision of asset retirement obligations | -3,325,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bad debt (recovery) expense | 7,500 | 54,000 | 5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bad debt recovery and other | -29,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bad debt expense (recovery) and other | -17,000 | -157,000 | -56,000 | 171,000 | -7,286,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | -80,000 | -21,000 | -343,000 | -52,000 | -103,000 | -174,000 | -0.27 | -0.01 | 1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative related to shareholder matters | 15,000 | 18,000 | 85,000 | 18,000 | -453,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of proved properties | 88,000 | 52,114,000 | 17,988,000 | 5,821,000 | 5,399,000 | 7,620,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic net income per share | -0.14 | -1.38 | -0.58 | -0.09 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted net income per share | -0.14 | -1.38 | -0.58 | -0.09 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
oil and gas sales | 15,730,500 | 17,546,000 | 27,137,000 | 18,239,000 | 23,032,000 | 24,486,000 | 52,098,000 | 28,071,000 | 58,282,000 | 37,740,000 | 53,553,000 | 37,630,000 | 58,818,000 | 21,258,000 | 31,237,000 | 16,599,000 | 23,144,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
other costs and expenses | 831,500 | 2,750,000 | 296,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to vaalco energy, inc. | -39,005,000 | 26,376,000 | 2,386,000 | -18,919,000 | 106,000 | 10,424,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic net income per share attributable to vaalco energy, inc. common shareholders | -0.67 | 0.09 | 0.05 | 0.43 | -0.12 | 0.073 | 0.04 | -0.33 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted net income per share attributable to vaalco energy, inc. common shareholders | -0.67 | -1.72 | 0.05 | 0.43 | -0.12 | 0.45 | 0.04 | -0.32 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bad debt expense and other income | 450,000 | 1,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating cost and expenses | 16,197,250 | 17,799,000 | 18,270,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share - basic: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share - diluted: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating costs & expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
production expenses | 9,650,000 | 6,993,750 | 12,576,000 | 4,501,000 | 5,941,000 | 6,537,000 | 3,319,000 | 2,342,000 | 3,070,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
exploration expenses | 11,323,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative expenses | 3,588,000 | 1,998,750 | 1,893,000 | 2,266,750 | 2,546,000 | 3,040,000 | -88,000 | 692,000 | 274,000 | 451,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
bad debt expense and other incomes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 28,721,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other incomes | -262,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bad debt expenses | 321,000 | 143,000 | 662,000 | 369,000 | 275,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less net income attributable to noncontrolling interest | -1,306,000 | -1,893,000 | -614,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic weighted shares outstanding | 56,601 | 57,846 | 57,797,000 | 57,407 | 58,261 | 58,136 | 57,482 | 56,400 | 36,911 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted weighted shares outstanding | 57,116 | 58,947 | 59,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic net income attributable to vaalco energy, inc. common shareholders | 180 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted net income attributable to vaalco energy, inc. common shareholders | 180 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to vaalco energy inc. | -12,619,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to vaalco energy inc. common shareholders | -0.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share - diluted : | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income taxes, minority interest and discontinued operations | 25,241,000 | 10,544,000 | 18,008,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before minority interest and discontinued operations | 13,121,000 | 5,637,000 | 8,132,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in earnings of subsidiaries | -1,432,000 | -640,000 | -878,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income/(loss) from discontinued operations net of tax | -715,000 | 8,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic income per share from continuing operations | 0.2 | 0.2 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic income per share | 0.19 | 0.09 | 0.2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted income per share from continuing operations | 0.19 | 0.12 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted income per share | 0.18 | 0.09 | 0.12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic income per share from continuing operations before discontinued operations | 0.09 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted income per share from continuing operations before discontinued operations | 0.09 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 |
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assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 48,044,000 | 58,900,000 | 23,984,000 | 67,871,000 | 40,914,000 | 82,650,000 | 89,101,000 | 62,890,000 | 113,321,000 | 121,001,000 | 103,353,000 | 46,186,000 | 52,119,000 | 37,205,000 | 69,289,000 | 53,062,000 | 18,939,000 | 48,675,000 | 52,839,000 | 22,884,000 | 19,251,000 | 47,853,000 | 41,986,000 | 44,841,000 | 60,973,000 | 45,917,000 | 57,227,000 | 48,557,000 | 46,195,000 | 33,360,000 | 33,715,000 | 40,490,000 | 32,205,000 | 19,669,000 | 18,863,000 | 20,640,000 | 24,245,000 | 20,474,000 | 26,883,000 | 13,681,000 | 24,156,000 | 25,357,000 | 40,701,000 | 61,048,000 | 46,552,000 | 69,051,000 | 130,529,000 | 100,465,000 | 78,708,000 | 102,641,000 | 130,800,000 | 136,264,000 | 137,796,000 | 140,329,000 | 137,139,000 | 112,575,000 | 114,467,000 | 92,609,000 | 81,234,000 | 91,223,000 | 80,791,000 | 89,984,000 | 80,570,000 | 84,386,000 | 88,369,000 | 87,998,000 | 125,425,000 | 103,492,000 | 108,583,000 | 79,734,000 | 76,450,000 | 70,236,000 | 72,404,000 | 54,163,000 | 60,979,000 | 69,678,000 | 65,955,000 | 52,999,000 | 43,880,000 | 45,321,000 | 38,511,000 | 32,001,000 | |||
restricted cash | 110,000 | 136,000 | 203,000 | 194,000 | 9,717,000 | 143,000 | 146,000 | 139,000 | 140,000 | 114,000 | 111,000 | 113,000 | 76,000 | 222,000 | 203,000 | 216,000 | 4,230,000 | 79,000 | 81,000 | 83,000 | 82,000 | 86,000 | 82,000 | 1,090,000 | 994,000 | 911,000 | 769,000 | 799,000 | 788,000 | 804,000 | 1,025,000 | 1,029,000 | 866,000 | 842,000 | 829,000 | 802,000 | 755,000 | 741,000 | 788,000 | 783,000 | 796,000 | 1,048,000 | 1,072,000 | 1,194,000 | 1,197,000 | 1,584,000 | 12,301,000 | 12,301,000 | 12,159,000 | 12,366,000 | 2,180,000 | 1,770,000 | 2,075,000 | 1,257,000 | 1,259,000 | 1,226,000 | 947,000 | 1,314,000 | |||||||||||||||||||||||||||
receivables: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade | 24,791,000 | 22,788,000 | 57,360,000 | 30,795,000 | 52,147,000 | 16,781,000 | 70,274,000 | 44,616,000 | 22,464,000 | 28,801,000 | 23,803,000 | 6,080,000 | 9,521,000 | 14,335,000 | 7,503,000 | 13,828,000 | 9,036,000 | 11,907,000 | 9,607,000 | 8,260,000 | 3,556,000 | 7,203,000 | 8,062,000 | 6,496,000 | 6,751,000 | 5,940,000 | 7,363,000 | 5,423,000 | 5,353,000 | 6,984,000 | 8,165,000 | 19,209,000 | 19,527,000 | 6,026,000 | 21,585,000 | 87,000 | 16,972,000 | 486,000 | 26,227,000 | 24,502,000 | 7,961,000 | 11,747,000 | 19,991,000 | 643,000 | 10,087,000 | 11,144,000 | 11,050,000 | 10,345,000 | 14,068,000 | 21,118,000 | 21,948,000 | 8,591,000 | 8,175,000 | 8,495,000 | 10,564,000 | 8,735,000 | 9,513,000 | 22,422,000 | 15,200,000 | 16,814,000 | 19,766,000 | 17,933,000 | 10,490,000 | 15,358,000 | 7,608,000 | 15,092,000 | 15,077,000 | 16,988,000 | 6,453,000 | 7,654,000 | 12,449,000 | 9,299,000 | |||||||||||||
accounts with joint venture owners, net of allowance for credit losses of 2.9 million and 2.7 million, respectively | 7,782,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 2,197,000 | 68,519,000 | 12,190,000 | 10,699,000 | 11,612,000 | 9,977,000 | 86,000 | 24,000 | 29,000 | 4,331,000 | 81,000 | 2,350,000 | 2,241,000 | 1,517,000 | 1,160,000 | 1,239,000 | 1,076,000 | 1,398,000 | 408,000 | 122,000 | 12,000 | 100,000 | 1,000 | 1,000 | 81,000 | 120,000 | 36,000 | 100,000 | 133,000 | 164,000 | 5,494,000 | 4,462,000 | 4,435,000 | 10,527,000 | 7,688,000 | 7,537,000 | 4,463,000 | 3,027,000 | 5,068,000 | 8,424,000 | 4,239,000 | 4,547,000 | 10,352,000 | 11,426,000 | 10,412,000 | 11,610,000 | 6,295,000 | 2,466,000 | 5,171,000 | 5,250,000 | 3,511,000 | 1,953,000 | 2,074,000 | 2,330,000 | 1,828,000 | 1,505,000 | 1,646,000 | 1,686,000 | 2,590,000 | 2,832,000 | 1,333,000 | 1,021,000 | 690,000 | 321,000 | 1,234,000 | 1,044,000 | 461,000 | 551,000 | |||||||||||||||||
crude oil inventory | 9,957,000 | 1,774,000 | 8,958,000 | 1,261,000 | 7,990,000 | 9,441,000 | 4,776,000 | 7,311,000 | 2,386,000 | 1,948,000 | 9,287,000 | 10,800,000 | 11,778,000 | 3,335,000 | 4,254,000 | 13,867,000 | 4,634,000 | 1,593,000 | 2,556,000 | 3,107,000 | 820,000 | 3,906,000 | 781,000 | 853,000 | 3,865,000 | 1,072,000 | 775,000 | 553,000 | 1,274,000 | 785,000 | 2,232,000 | 1,298,000 | 1,279,000 | 3,263,000 | 1,160,000 | 952,000 | 1,037,000 | 913,000 | 770,000 | 704,000 | 920,000 | 639,000 | 957,000 | 447,000 | 1,692,000 | 1,905,000 | 1,464,000 | 305,000 | 1,152,000 | 352,000 | 3,503,000 | 3,328,000 | 259,000 | 683,000 | 2,368,000 | 1,379,000 | 1,842,000 | 757,000 | 5,397,000 | 891,000 | 724,000 | 548,000 | 587,000 | 326,000 | 436,000 | 286,000 | 455,000 | 330,000 | 466,000 | 1,381,000 | 205,000 | 1,576,000 | 1,098,000 | 927,000 | 1,003,000 | 1,402,000 | 138,000 | 560,000 | 297,000 | 222,000 | 88,000 | 518,000 | 185,000 | 473,000 | 113,000 |
prepayments and other | 23,237,000 | 24,370,000 | 21,729,000 | 17,182,000 | 15,883,000 | 14,973,000 | 15,138,000 | 16,889,000 | 12,374,000 | 12,434,000 | 16,115,000 | 18,077,000 | 17,424,000 | 20,070,000 | 12,616,000 | 8,064,000 | 8,408,000 | 5,156,000 | 5,416,000 | 4,348,000 | 5,175,000 | 4,215,000 | 4,264,000 | 3,445,000 | 10,859,000 | 3,292,000 | 6,996,000 | 4,808,000 | 3,580,000 | 6,301,000 | 3,058,000 | 3,721,000 | 3,767,000 | 2,791,000 | 2,952,000 | 4,392,000 | 3,362,000 | 3,956,000 | 3,602,000 | 3,630,000 | 3,578,000 | 3,253,000 | 5,285,000 | 5,069,000 | 5,854,000 | 6,509,000 | 2,339,000 | 4,689,000 | 4,099,000 | 2,677,000 | 2,935,000 | 5,007,000 | 3,754,000 | 4,966,000 | 2,178,000 | 5,054,000 | 2,363,000 | 3,212,000 | 1,482,000 | 1,878,000 | 2,912,000 | 1,704,000 | 1,217,000 | 1,684,000 | 1,606,000 | 2,519,000 | 2,351,000 | 4,864,000 | 3,253,000 | 2,112,000 | 2,162,000 | 1,750,000 | 1,687,000 | 2,679,000 | 3,073,000 | 1,077,000 | 837,000 | 587,000 | 2,185,000 | 1,013,000 | 1,479,000 | 1,167,000 | |||
current assets held for sale | 179,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total current assets | 116,118,000 | 132,980,000 | 173,738,000 | 223,729,000 | 200,838,000 | 237,927,000 | 236,799,000 | 194,787,000 | 217,744,000 | 228,141,000 | 218,115,000 | 199,367,000 | 179,374,000 | 200,097,000 | 123,264,000 | 156,874,000 | 96,203,000 | 88,289,000 | 64,084,000 | 59,324,000 | 49,312,000 | 63,978,000 | 54,398,000 | 62,234,000 | 79,049,000 | 69,758,000 | 74,543,000 | 69,914,000 | 62,026,000 | 58,794,000 | 44,591,000 | 59,439,000 | 49,507,000 | 36,452,000 | 36,529,000 | 38,405,000 | 38,496,000 | 38,475,000 | 41,550,000 | 38,642,000 | 58,319,000 | 63,742,000 | 73,730,000 | 101,509,000 | 111,109,000 | 113,050,000 | 169,211,000 | 162,773,000 | 146,324,000 | 167,464,000 | 126,873,000 | 127,283,000 | 141,284,000 | 149,125,000 | 168,593,000 | 171,764,000 | 171,250,000 | 162,923,000 | 148,886,000 | 162,170,000 | 146,770,000 | 139,357,000 | 135,477,000 | 126,999,000 | 118,419,000 | 114,709,000 | 112,013,000 | 112,991,000 | 109,308,000 | 152,410,000 | 137,071,000 | 135,759,000 | 111,838,000 | 109,883,000 | 100,576,000 | 93,661,000 | 80,258,000 | 84,181,000 | 92,382,000 | 85,432,000 | 74,741,000 | 57,945,000 | 63,314,000 | 56,757,000 | 47,393,000 |
crude oil, natural gas and ngls properties and equipment | 641,780,000 | 586,095,000 | 623,736,000 | 587,263,000 | 562,926,000 | 538,103,000 | 531,589,000 | 548,415,000 | 457,419,000 | 459,786,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other noncurrent assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables | 9,291,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
right of use operating lease assets | 22,007,000 | 16,596,000 | 14,364,000 | 15,340,000 | 16,303,000 | 17,254,000 | 2,320,000 | 580,000 | 1,444,000 | 2,378,000 | 3,510,000 | 1,639,000 | 2,211,000 | 2,777,000 | 1,705,000 | 3,435,000 | 6,872,000 | 10,227,000 | 12,984,000 | 16,259,000 | 19,454,000 | 22,569,000 | 25,700,000 | 27,918,000 | 30,448,000 | 33,383,000 | 36,852,000 | 34,124,000 | 36,631,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
right of use finance lease assets | 65,568,000 | 68,615,000 | 72,031,000 | 75,447,000 | 78,862,000 | 79,849,000 | 83,093,000 | 86,342,000 | 89,587,000 | 89,962,000 | 87,971,000 | 90,584,000 | 91,198,000 | 90,698,000 | 1,630,000 | 1,713,000 | 1,795,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax assets | 49,511,000 | 54,825,000 | 44,304,000 | 43,659,000 | 48,364,000 | 55,581,000 | 57,035,000 | 64,859,000 | 30,329,000 | 29,242,000 | 31,222,000 | 37,155,000 | 33,430,000 | 35,432,000 | 41,495,000 | 24,447,000 | 50,296,000 | 39,978,000 | 24,211,000 | 1,511,000 | 24,159,000 | 25,903,000 | 30,946,000 | 37,021,000 | 40,077,000 | 68,807,000 | 1,349,000 | 1,349,000 | 1,349,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
abandonment funding | 6,268,000 | 6,268,000 | 6,268,000 | 6,268,000 | 6,268,000 | 6,268,000 | 6,268,000 | 6,268,000 | 6,268,000 | 6,268,000 | 6,268,000 | 6,268,000 | 6,268,000 | 20,586,000 | 18,838,000 | 20,091,000 | 21,369,000 | 21,808,000 | 22,281,000 | 22,837,000 | 22,862,000 | 12,453,000 | 11,885,000 | 11,420,000 | 11,227,000 | 11,371,000 | 11,112,000 | 11,550,000 | 11,390,000 | 11,571,000 | 10,808,000 | 10,808,000 | 10,808,000 | 10,808,000 | 8,510,000 | 8,510,000 | 8,510,000 | 8,510,000 | 5,137,000 | 5,137,000 | 5,137,000 | 5,137,000 | 3,537,000 | 3,537,000 | 3,537,000 | 3,537,000 | |||||||||||||||||||||||||||||||||||||||
other long-term assets | 8,460,000 | 7,362,000 | 7,783,000 | 8,039,000 | 8,163,000 | 1,209,000 | 1,109,000 | 1,216,000 | 1,323,000 | 1,430,000 | 1,616,000 | 1,674,000 | 1,752,000 | 1,866,000 | 5,529,000 | 3,811,000 | 2,596,000 | 1,176,000 | 1,176,000 | 974,000 | 942,000 | 854,000 | 439,000 | 379,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncurrent assets held for sale | 31,826,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total assets | 920,662,000 | 913,375,000 | 950,433,000 | 964,922,000 | 927,103,000 | 954,950,000 | 937,903,000 | 917,364,000 | 809,147,000 | 823,216,000 | 827,828,000 | 829,013,000 | 823,983,000 | 855,641,000 | 394,773,000 | 369,564,000 | 308,510,000 | 263,090,000 | 206,260,000 | 181,503,000 | 177,137,000 | 141,232,000 | 135,437,000 | 147,657,000 | 168,692,000 | 211,537,000 | 208,986,000 | 202,067,000 | 201,500,000 | 166,312,000 | 162,361,000 | 100,276,000 | 92,185,000 | 79,633,000 | 76,535,000 | 79,143,000 | 79,997,000 | 81,032,000 | 78,202,000 | 91,657,000 | 116,690,000 | 123,958,000 | 195,079,000 | 234,287,000 | 240,630,000 | 248,849,000 | 362,856,000 | 334,317,000 | 297,061,000 | 308,167,000 | 273,621,000 | 272,223,000 | 272,129,000 | 267,956,000 | 295,148,000 | 290,126,000 | 294,928,000 | 275,015,000 | 263,630,000 | 258,559,000 | 241,932,000 | 238,400,000 | 234,497,000 | 219,292,000 | 206,557,000 | 202,999,000 | 202,486,000 | 212,259,000 | 217,374,000 | ||||||||||||||||
liabilities and shareholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 30,552,000 | 44,661,000 | 17,007,000 | 21,972,000 | 18,793,000 | 11,756,000 | 15,047,000 | 22,605,000 | 16,747,000 | 22,152,000 | 43,924,000 | 40,716,000 | 49,982,000 | 59,886,000 | 30,276,000 | 19,151,000 | 10,509,000 | 18,797,000 | 8,433,000 | 5,545,000 | 10,121,000 | 16,690,000 | 4,702,000 | 9,250,000 | 14,804,000 | 15,897,000 | 6,658,000 | 8,016,000 | 4,174,000 | 8,083,000 | 7,219,000 | 10,876,000 | 10,269,000 | 11,584,000 | 13,849,000 | 14,968,000 | 9,745,000 | 19,096,000 | 11,553,000 | 23,579,000 | 43,671,000 | 46,848,000 | |||||||||||||||||||||||||||||||||||||||||||
accounts with joint venture owners | 7,181,000 | 3,193,000 | 1,489,000 | 2,000 | 2,462,000 | 3,324,000 | 984,000 | 896,000 | 3,836,000 | 5,990,000 | 1,151,000 | 6,284,000 | 3,098,000 | 13,863,000 | 3,233,000 | 2,325,000 | 2,013,000 | 1,721,000 | 4,945,000 | 5,984,000 | 9,259,000 | 11,271,000 | 11,828,000 | 3,781,000 | 4,421,000 | 304,000 | 5,496,000 | 9,807,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued liabilities and other | 166,893,000 | 106,444,000 | 107,317,000 | 99,893,000 | 115,017,000 | 107,710,000 | 103,848,000 | 115,386,000 | 60,345,000 | 66,924,000 | 76,470,000 | 84,104,000 | 80,707,000 | 91,392,000 | 83,148,000 | 99,220,000 | 91,409,000 | 49,444,000 | 39,857,000 | 34,980,000 | 33,777,000 | 17,184,000 | 14,426,000 | 16,299,000 | 22,990,000 | 29,773,000 | 23,886,000 | 19,539,000 | 15,158,000 | 14,138,000 | 17,662,000 | 16,893,000 | 13,477,000 | 12,991,000 | 10,098,000 | 9,568,000 | 8,962,000 | 10,506,000 | 13,551,000 | 14,701,000 | 19,803,000 | 19,868,000 | |||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities - current portion | 6,668,000 | 5,744,000 | 4,002,000 | 3,901,000 | 3,724,000 | 3,512,000 | 335,000 | 574,000 | 1,466,000 | 2,396,000 | 3,539,000 | 1,667,000 | 2,040,000 | 2,314,000 | 1,200,000 | 3,123,000 | 6,429,000 | 9,642,000 | 12,671,000 | 13,288,000 | 13,088,000 | 12,890,000 | 12,696,000 | 12,274,000 | 12,050,000 | 11,990,000 | 12,432,000 | 10,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
finance lease liabilities - current portion | 12,394,000 | 12,119,000 | 12,649,000 | 13,171,000 | 13,526,000 | 13,383,000 | 12,560,000 | 11,751,000 | 10,974,000 | 10,079,000 | 7,810,000 | 7,684,000 | 6,907,000 | 7,811,000 | 317,000 | 326,000 | 341,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign income taxes payable | 2,513,000 | 19,656,000 | 23,774,000 | 21,978,000 | 24,153,000 | 42,043,000 | 43,473,000 | 12,361,000 | 37,836,000 | 19,261,000 | 33,256,000 | 12,575,000 | 5,424,000 | 28,056,000 | 29,221,000 | 8,819,000 | 3,128,000 | 12,533,000 | 6,384,000 | 860,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities held for sale | 183,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total current liabilities | 226,201,000 | 192,000,000 | 166,238,000 | 160,917,000 | 177,675,000 | 181,728,000 | 176,247,000 | 163,573,000 | 131,204,000 | 127,475,000 | 166,823,000 | 153,703,000 | 148,831,000 | 162,090,000 | 143,011,000 | 164,911,000 | 117,514,000 | 84,257,000 | 63,293,000 | 68,366,000 | 65,104,000 | 52,576,000 | 37,823,000 | 50,498,000 | 65,687,000 | 63,750,000 | 58,341,000 | 47,136,000 | 43,267,000 | 41,044,000 | 47,343,000 | 58,193,000 | 51,252,000 | 46,588,000 | 46,847,000 | 48,346,000 | 50,165,000 | 55,554,000 | 50,010,000 | 46,354,000 | 66,441,000 | 66,716,000 | 57,790,000 | 64,269,000 | 66,754,000 | 38,540,000 | 56,095,000 | 51,357,000 | 40,178,000 | 45,829,000 | 40,448,000 | 33,219,000 | 40,125,000 | 45,063,000 | 25,511,000 | 20,794,000 | 33,461,000 | 25,090,000 | 22,408,000 | 19,597,000 | 14,699,000 | 26,702,000 | 34,304,000 | 32,066,000 | 30,699,000 | 33,728,000 | 33,598,000 | 36,286,000 | 41,052,000 | 63,167,000 | 28,006,000 | 42,513,000 | 22,772,000 | 24,104,000 | 15,810,000 | 20,925,000 | 14,462,000 | 26,686,000 | 13,215,000 | 12,712,000 | 10,860,000 | 8,946,000 | 18,605,000 | 20,162,000 | 13,061,000 |
asset retirement obligations | 80,528,000 | 78,406,000 | 84,259,000 | 82,798,000 | 81,053,000 | 78,592,000 | 65,868,000 | 65,373,000 | 47,644,000 | 47,343,000 | 45,201,000 | 42,958,000 | 42,327,000 | 41,695,000 | 35,247,000 | 34,809,000 | 34,377,000 | 33,949,000 | 33,077,000 | 32,633,000 | 32,196,000 | 17,334,000 | 17,105,000 | 16,643,000 | 16,421,000 | 15,844,000 | 15,709,000 | 15,214,000 | 15,014,000 | 14,816,000 | 14,459,000 | 20,708,000 | 20,434,000 | 20,163,000 | 19,202,000 | 18,947,000 | 18,851,000 | 18,612,000 | 16,849,000 | 16,632,000 | 16,418,000 | 16,166,000 | 16,198,000 | 15,951,000 | 15,290,000 | 14,846,000 | 13,659,000 | 11,732,000 | 11,630,000 | 11,464,000 | 11,298,000 | 11,135,000 | 10,750,000 | 10,368,000 | 9,853,000 | 9,463,000 | 14,874,000 | 14,528,000 | 14,945,000 | 14,592,000 | 15,078,000 | 13,425,000 | 11,638,000 | 11,427,000 | 10,878,000 | 10,666,000 | 10,664,000 | 10,465,000 | 10,271,000 | 10,071,000 | 8,379,000 | 7,358,000 | 7,247,000 | 6,728,000 | 6,626,000 | 6,264,000 | 6,169,000 | 6,029,000 | 5,515,000 | 3,649,000 | 3,609,000 | 3,615,000 | 2,625,000 | 1,998,000 | 1,350,000 |
operating lease liabilities - net of current portion | 15,469,000 | 11,183,000 | 10,862,000 | 11,903,000 | 12,915,000 | 13,903,000 | 2,006,000 | 33,000 | 82,000 | 130,000 | 367,000 | 686,000 | 521,000 | 332,000 | 461,000 | 587,000 | 312,000 | 2,968,000 | 6,361,000 | 9,671,000 | 12,993,000 | 15,631,000 | 18,379,000 | 21,371,000 | 24,397,000 | 23,624,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
finance lease liabilities - net of current portion | 53,803,000 | 57,256,000 | 60,235,000 | 63,162,000 | 66,198,000 | 67,377,000 | 70,912,000 | 74,388,000 | 77,802,000 | 78,293,000 | 77,862,000 | 79,856,000 | 80,470,000 | 78,248,000 | 1,251,000 | 1,331,000 | 1,411,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax liabilities | 47,757,000 | 63,630,000 | 62,966,000 | 74,583,000 | 85,168,000 | 93,904,000 | 103,356,000 | 111,535,000 | 71,228,000 | 73,581,000 | 76,120,000 | 82,895,000 | 79,854,000 | 81,223,000 | 41,057,000 | 1,809,000 | 2,802,000 | 8,098,000 | 11,758,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt | 152,000,000 | 60,000,000 | 60,000,000 | 60,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncurrent liabilities held for sale | 7,403,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities | 575,758,000 | 469,878,000 | 444,560,000 | 453,363,000 | 423,009,000 | 453,367,000 | 436,871,000 | 423,716,000 | 336,557,000 | 344,434,000 | 383,457,000 | 377,007,000 | 368,808,000 | 389,536,000 | 221,087,000 | 201,383,000 | 153,763,000 | 118,793,000 | 96,682,000 | 103,967,000 | 105,543,000 | 79,774,000 | 70,766,000 | 90,926,000 | 112,279,000 | 101,817,000 | 99,099,000 | 86,395,000 | 85,202,000 | 56,485,000 | 63,066,000 | 79,793,000 | 73,088,000 | 69,344,000 | 69,816,000 | 72,218,000 | 75,921,000 | 81,390,000 | 74,993,000 | 72,330,000 | 97,859,000 | 97,882,000 | 88,988,000 | 95,220,000 | 97,044,000 | 68,386,000 | 84,754,000 | 63,089,000 | 51,808,000 | 57,293,000 | 51,746,000 | 44,354,000 | 50,875,000 | 55,431,000 | 37,994,000 | 32,737,000 | 50,665,000 | 41,948,000 | 39,583,000 | 36,419,000 | 32,007,000 | 42,157,000 | 47,872,000 | 45,373,000 | 43,157,000 | 45,894,000 | 45,762,000 | 52,951,000 | 56,323,000 | 78,238,000 | 41,385,000 | 54,871,000 | 35,019,000 | 35,832,000 | 27,436,000 | 32,189,000 | 25,631,000 | 37,715,000 | 23,730,000 | 21,361,000 | 19,469,000 | 14,061,000 | 21,730,000 | 22,910,000 | 15,411,000 |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 25 par value; 500,000 shares authorized, none issued | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock,0.10 par value; 160,000,000 shares authorized, 123,017,656 shares issued and 104,258,253 shares outstanding at both march 31, 2026 and december 31, 2025 | 12,302,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 369,896,000 | 368,536,000 | 367,023,000 | 365,332,000 | 363,955,000 | 362,578,000 | 361,147,000 | 359,803,000 | 358,827,000 | 357,498,000 | 356,424,000 | 355,206,000 | 354,499,000 | 353,606,000 | 78,500,000 | 77,919,000 | 77,272,000 | 76,700,000 | 76,346,000 | 75,778,000 | 75,064,000 | 74,437,000 | 74,061,000 | 73,739,000 | 73,681,000 | 73,549,000 | 73,263,000 | 73,059,000 | 72,417,000 | 72,358,000 | 72,229,000 | 72,013,000 | 71,400,000 | 71,251,000 | 71,106,000 | 70,985,000 | 70,440,000 | 70,268,000 | 70,210,000 | 70,744,000 | 69,977,000 | 69,118,000 | 68,355,000 | 67,677,000 | 67,016,000 | 64,351,000 | 63,656,000 | 57,755,000 | 56,502,000 | 55,455,000 | 52,133,000 | 51,186,000 | 50,354,000 | 48,816,000 | 71,474,000 | 71,123,000 | 68,370,000 | 66,122,000 | 67,423,000 | 66,980,000 | 66,579,000 | 64,314,000 | 62,172,000 | 61,903,000 | 61,300,000 | 57,550,000 | 55,641,000 | 55,148,000 | 54,746,000 | 53,983,000 | 52,161,000 | 51,899,000 | 51,541,000 | 51,294,000 | 50,012,000 | 49,373,000 | 48,813,000 | 48,093,000 | 47,022,000 | 46,852,000 | 45,446,000 | 44,662,000 | 43,983,000 | 43,882,000 | 43,585,000 |
accumulated other comprehensive loss | -498,000 | -1,885,000 | -86,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 18,759,403 shares, at cost, at both march 31, 2026 and december 31, 2025 | -78,733,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retained earnings | 41,439,000 | 141,890,000 | 207,166,000 | 212,744,000 | 210,921,000 | 209,761,000 | 204,666,000 | 200,281,000 | 178,709,000 | 177,486,000 | 140,114,000 | 140,674,000 | 140,639,000 | 147,024,000 | 132,808,000 | 127,884,000 | 114,723,000 | 104,488,000 | 70,126,000 | 38,405,000 | 32,521,000 | 22,652,000 | 26,247,000 | 18,629,000 | 18,033,000 | 70,833,000 | 69,819,000 | 73,738,000 | 75,080,000 | 68,579,000 | 58,155,000 | -11,764,000 | 69,015,000 | 102,683,000 | 107,887,000 | 146,892,000 | 245,230,000 | 242,118,000 | 217,404,000 | 224,442,000 | 198,066,000 | 195,680,000 | 188,558,000 | 181,370,000 | 200,289,000 | 200,183,000 | 189,757,000 | 180,739,000 | 172,018,000 | 169,619,000 | 157,833,000 | 146,594,000 | 137,710,000 | 125,258,000 | 115,222,000 | 109,249,000 | 107,025,000 | 102,905,000 | 104,586,000 | 117,205,000 | 124,655,000 | 102,311,000 | 89,284,000 | 87,483,000 | 85,499,000 | 76,703,000 | 72,986,000 | 68,431,000 | 63,142,000 | 49,552,000 | 39,062,000 | ||||||||||||||
total shareholders’ equity | 344,904,000 | 154,747,000 | 144,297,000 | 109,578,000 | 77,536,000 | 109,887,000 | 115,672,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 920,662,000 | 308,510,000 | 263,090,000 | 206,260,000 | 181,503,000 | 208,986,000 | 202,067,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade, net of allowances for credit loss and other of 0.0 million and 0.2 million, respectively | 39,924,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with joint venture owners, net of allowance for credit losses of 2.7 million and 1.5 million, respectively | 5,420,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
egypt receivables and other | 2,277,000 | 2,726,000 | 3,991,000 | 3,235,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowances for credit loss and other of 0.0 million and 0.8 million, respectively | 7,149,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other long-term liabilities | 17,863,000 | 18,482,000 | 8,847,000 | 8,679,000 | 17,709,000 | 17,369,000 | 17,465,000 | 16,959,000 | 25,594,000 | 73,000 | 193,000 | 1,264,000 | 892,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 12,302,000 | 12,230,000 | 12,230,000 | 12,230,000 | 12,194,000 | 12,140,000 | 12,134,000 | 12,121,000 | 12,012,000 | 11,948,000 | 7,013,000 | 7,013,000 | 6,986,000 | 6,956,000 | 6,953,000 | 6,942,000 | 6,833,000 | 6,790,000 | 6,782,000 | 6,782,000 | 6,780,000 | 6,767,000 | 6,748,000 | 6,745,000 | 6,733,000 | 6,717,000 | 6,709,000 | 6,696,000 | 6,644,000 | 6,644,000 | 6,638,000 | 6,635,000 | 6,614,000 | 6,611,000 | 6,619,000 | 6,594,000 | 6,604,000 | 6,604,000 | 6,592,000 | 6,578,000 | 6,554,000 | 6,519,000 | 6,515,000 | 6,415,000 | 6,408,000 | 6,408,000 | 6,331,000 | 6,317,000 | 6,317,000 | 6,314,000 | 6,310,000 | 6,310,000 | 6,258,000 | 6,238,000 | 6,312,000 | 6,305,000 | 6,282,000 | 6,230,000 | 6,228,000 | 6,228,000 | 6,157,000 | 6,116,000 | 6,112,000 | 6,112,000 | 6,112,000 | 6,111,000 | 6,110,000 | 6,105,000 | 6,105,000 | 6,031,000 | 6,023,000 | 6,014,000 | 6,006,000 | 5,951,000 | 5,942,000 | 5,867,000 | 5,831,000 | 5,767,000 | 5,756,000 | 5,728,000 | |||||
less treasury stock, 18,759,403 and 18,560,931 shares, respectively, at cost | -78,733,000 | -78,733,000 | -78,733,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders' equity | 443,497,000 | 505,873,000 | 511,559,000 | 504,094,000 | 501,583,000 | 501,032,000 | 493,648,000 | 472,590,000 | 478,782,000 | 444,371,000 | 452,006,000 | 455,175,000 | 466,105,000 | 173,686,000 | 168,181,000 | 71,594,000 | 61,458,000 | 64,671,000 | 56,731,000 | 56,413,000 | 109,720,000 | 116,298,000 | 109,827,000 | 99,295,000 | 20,483,000 | 19,097,000 | 10,289,000 | 6,719,000 | 6,925,000 | 4,076,000 | -358,000 | 3,209,000 | 19,327,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders' equity | 913,375,000 | 950,433,000 | 964,922,000 | 927,103,000 | 954,950,000 | 937,903,000 | 917,364,000 | 809,147,000 | 823,216,000 | 827,828,000 | 829,013,000 | 823,983,000 | 855,641,000 | 394,773,000 | 369,564,000 | 177,137,000 | 141,232,000 | 135,437,000 | 147,657,000 | 168,692,000 | 211,537,000 | 201,500,000 | 166,312,000 | 162,361,000 | 100,276,000 | 92,185,000 | 79,633,000 | 76,535,000 | 79,143,000 | 79,997,000 | 81,032,000 | 78,202,000 | 91,657,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
trade, net of allowances for credit loss and other of 0.2 million and 0.2 million, respectively | 109,473,000 | 132,879,000 | 120,252,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with joint venture owners, net of allowance for credit losses of 2.5 million and 1.5 million, respectively | 6,665,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowances for credit loss and other of 0.4 million and 0.8 million, respectively | 6,550,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock,0.10 par value; 160,000,000 shares authorized, 123,017,656 and 122,304,124 shares issued, 104,258,253 and 103,743,163 shares outstanding, respectively | 12,302,000 | 12,302,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with joint venture owners, net of allowance for credit losses of 2.2 million and 1.5 million, respectively | 351,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowances for credit loss and other of 0.2 million and 0.8 million, respectively | 5,177,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with joint venture owners, net of allowance for credit losses of 1.8 million and 1.5 million, respectively | 2,847,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowances for credit loss and other of 0.5 million and 0.8 million, respectively | 5,379,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock,0.10 par value; 160,000,000 shares authorized, 122,419,929 and 122,304,124 shares issued, 103,819,046 and 103,743,163 shares outstanding, respectively | 12,242,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -4,845,000 | -4,962,000 | 1,013,000 | -642,000 | 426,000 | 2,880,000 | 844,000 | 3,060,000 | 1,054,000 | 1,179,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 18,600,883 and 18,560,931 shares, respectively, at cost | -78,179,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade, net of allowances for credit loss and other of 0.2 million and 0.5 million, respectively | 94,778,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with joint venture owners, net of allowance for credit losses of 1.5 million and 0.8 million, respectively | 179,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
egypt receivables and other, net of allowances for credit loss and other of 0.0 million and 4.6 million, respectively | 35,763,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowances for credit loss and other of 0.8 million and 0.0 million, respectively | 10,094,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 18,560,931 and 17,051,320 shares, respectively, at cost | -78,024,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade, net of allowances for credit loss and other of 0.7 million and 0.5 million, respectively | 84,344,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with joint venture owners, net of allowance for credit losses of 1.2 million and 0.8 million, respectively | 1,131,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
egypt receivables and other, net of allowances for credit loss and other of 0.0 million and 4.6 million | 42,163,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowances for credit loss and other of 0.0 million | 10,228,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 18,560,961 and 17,051,320 shares, respectively, at cost | -78,024,000 | -78,024,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade, net of allowances for credit loss and other of 0.2 and 0.5 million, respectively | 64,934,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with joint venture owners, net of allowance for credit losses of 0.8 and 0.8 million, respectively | 721,000 | 35,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
egypt receivables and other, net of allowances for credit loss and other of 11.2 and 4.6 million, respectively | 41,903,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowances for credit loss and other of 0.0 and 0.0 million, respectively | 6,109,000 | 5,033,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade, net of allowances for credit loss and other of 0.8 and 0.5 million, respectively | 44,897,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
egypt receivables and other, net of allowances for credit loss and other of 6.0 and 4.6 million, respectively | 44,591,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 18,485,306 and 17,051,320 shares, respectively, at cost | -77,566,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade, net of allowances for credit loss and other of 0.5 and 0.0 million, respectively | 44,888,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with joint venture owners, net of allowance for credit losses of 0.8 and 0.3 million, respectively | 1,814,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign income taxes receivable | 2,769,000 | 2,056,000 | 1,124,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
egypt receivables and other, net of allowances for credit loss and other of 4.6 and 0.0 million, respectively | 45,942,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowances for credit loss and other of 0.0 million and 8.4 million, respectively | 4,214,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities - discontinued operations | 673,000 | 673,000 | 673,000 | 673,000 | 687,000 | 14,000 | 7,000 | 7,000 | 13,000 | 7,000 | 7,000 | 13,000 | 7,000 | 15,000 | 48,000 | 395,000 | 350,000 | 326,000 | 4,847,000 | 4,675,000 | 15,245,000 | 15,191,000 | 15,186,000 | 15,002,000 | 15,347,000 | 15,400,000 | 15,186,000 | 18,320,000 | 18,452,000 | 18,656,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 17,051,320 and 11,629,823 shares, respectively, at cost | -71,222,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with joint venture owners, net of allowance for credit losses of 0.6 and 0.3 million, respectively | 1,635,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other, net of allowance for credit losses of 3.5 and 0.0 million, respectively | 64,826,000 | 66,615,000 | 67,157,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
crude oil and natural gas properties, equipment and other - successful efforts method | 467,877,000 | 481,740,000 | 499,953,000 | 495,272,000 | 194,711,000 | 151,718,000 | 121,935,000 | 94,324,000 | 74,102,000 | 74,202,000 | 78,192,000 | 37,036,000 | 38,845,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 9.9 million and 8.4 million, respectively | 9,462,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 15,626,752 and 11,629,823 shares, respectively, at cost | -65,145,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with joint venture owners, net of allowance for credit losses of 0.5 and 0.3 million, respectively | 216,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 9.5 million and 8.4 million, respectively | 8,807,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 14,207,986 and 11,629,823 shares, respectively, at cost | -59,055,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with joint venture owners, net of allowance for credit losses of 0.3 million in both periods presented | 25,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 9.0 million and 8.4 million, respectively | 8,026,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 12,797,892 and 11,629,823 shares, respectively, at cost | -53,029,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with joint venture owners, net of allowance of 0.0 million in both periods presented | 15,830,000 | 7,931,000 | 692,000 | 3,764,000 | 345,000 | 1,050,000 | 77,000 | 152,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 8.7 million and 5.7 million, respectively | 7,150,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 11,629,823 and 10,939,323 shares, respectively, at cost | -47,652,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 6.7 million and 5.7 million, respectively | 5,846,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 11,057,521 and 10,939,323 shares, respectively, at cost | -44,635,000 | -44,635,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 6.4 million and 5.7 million, respectively | 5,723,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 6.1 million and 5.7 million, respectively | 5,692,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 11,003,316 and 10,939,323 shares, respectively, at cost | -44,234,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 5.7 million and 2.3 million, respectively | 5,536,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 10,939,323 and 10,366,376 shares, respectively, at cost | -43,847,000 | -43,847,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 5.8 million and 2.3 million, respectively | 5,670,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 5.6 million and 2.3 million, respectively | 5,618,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 10,834,941 and 10,366,376 shares, respectively, at cost | -43,589,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 5.1 million and 2.3 million, respectively | 5,565,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 10,521,720 and 10,366,376 shares, respectively, at cost | -42,824,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with joint venture owners, net of allowance of 0.0 million and 0.5 million, respectively | 3,587,000 | 134,000 | 117,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 2.3 million and 1.0 million, respectively | 4,271,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 10,366,376 and 9,649,216 shares, respectively, at cost | -42,421,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 2.1 million and 1.0 million, respectively | 3,684,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other long term liabilities | 43,000 | 56,000 | 34,000 | 852,000 | 652,000 | 421,000 | 624,000 | 625,000 | 283,000 | 284,000 | 284,000 | 283,000 | 284,000 | 284,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 10,363,103 and 9,649,216 shares, respectively, at cost | -42,419,000 | -42,419,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
crude oil and natural gas properties and equipment - successful efforts method: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
wells, platforms and other production facilities | 442,665,000 | 442,866,000 | 422,651,000 | 409,995,000 | 409,862,000 | 409,283,000 | 409,487,000 | 390,404,000 | 390,279,000 | 389,935,000 | 389,204,000 | 389,192,000 | 389,302,000 | 389,231,000 | 410,301,000 | 410,423,000 | 412,593,000 | 412,593,000 | 399,485,000 | 368,734,000 | 359,105,000 | 338,641,000 | 218,390,000 | 218,422,000 | 217,805,000 | 215,701,000 | 204,903,000 | 198,571,000 | 188,911,000 | 188,208,000 | 189,317,000 | 192,207,000 | 178,653,000 | 167,355,000 | 169,413,000 | 168,139,000 | 144,935,000 | 144,456,000 | 137,190,000 | 137,122,000 | 137,553,000 | 137,440,000 | 123,438,000 | 84,693,000 | 82,145,000 | 80,921,000 | 80,463,000 | 80,052,000 | 79,557,000 | 79,322,000 | 91,736,000 | 90,398,000 | 44,010,000 | 44,018,000 | 44,123,000 | 43,805,000 | 39,924,000 | 34,127,000 | 33,775,000 | ||||||||||||||||||||||||||
work-in-progress | 7,378,000 | 5,303,000 | 1,002,000 | 1,130,000 | 519,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
undeveloped acreage | 21,476,000 | 21,476,000 | 23,771,000 | 23,771,000 | 23,771,000 | 23,771,000 | 23,771,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 | 18,787,000 | 18,787,000 | 19,412,000 | 22,133,000 | 22,133,000 | 22,133,000 | 22,919,000 | 23,705,000 | 23,945,000 | 28,410,000 | 28,657,000 | 28,657,000 | 26,187,000 | 24,605,000 | 24,647,000 | 25,344,000 | 25,304,000 | 19,245,000 | 16,692,000 | 16,692,000 | 13,252,000 | 13,252,000 | 13,252,000 | 13,252,000 | 12,586,000 | 12,586,000 | 12,701,000 | 12,841,000 | 12,841,000 | 12,841,000 | 12,841,000 | 12,841,000 | |||||||||||||||||||||||||||||||||||
equipment and other | 10,184,000 | 9,367,000 | 11,157,000 | 12,523,000 | 10,903,000 | 9,843,000 | 9,552,000 | 8,821,000 | 8,531,000 | 9,366,000 | 9,432,000 | 10,318,000 | 10,283,000 | 10,003,000 | 9,779,000 | 10,357,000 | 10,545,000 | 10,726,000 | 10,948,000 | 15,279,000 | 13,546,000 | 11,290,000 | 11,907,000 | 8,349,000 | 6,864,000 | 6,831,000 | 6,512,000 | 7,221,000 | 6,734,000 | 7,574,000 | 6,653,000 | 6,636,000 | 6,787,000 | 4,543,000 | 3,609,000 | 2,837,000 | 2,710,000 | 2,634,000 | 3,566,000 | 5,034,000 | 4,243,000 | 3,668,000 | 3,054,000 | 2,425,000 | 1,568,000 | 2,844,000 | 3,226,000 | 2,361,000 | 2,399,000 | 2,261,000 | 1,936,000 | 1,716,000 | 1,916,000 | 1,854,000 | 3,502,000 | 3,128,000 | 2,227,000 | 1,783,000 | 1,766,000 | 1,087,000 | 917,000 | ||||||||||||||||||||||||
accumulated depreciation, depletion, amortization and impairment | -432,977,000 | -430,209,000 | -396,699,000 | -394,975,000 | -393,669,000 | -391,960,000 | -390,605,000 | -388,660,000 | -387,808,000 | -387,046,000 | -386,146,000 | -385,617,000 | -384,209,000 | -382,622,000 | -380,991,000 | -405,080,000 | -403,888,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net crude oil and natural gas properties, equipment and other | 41,348,000 | 43,500,000 | 68,258,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 1.9 million and 1.0 million, respectively | 3,812,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign taxes payable | 3,368,000 | 4,177,000 | 5,740,000 | 3,211,000 | 453,000 | 4,505,000 | 3,274,000 | 1,775,000 | 5,431,000 | 1,849,000 | 3,074,000 | 2,967,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 1.7 million and 1.0 million, respectively | 3,543,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 10,166,126 and 9,649,216 shares, respectively, at cost | -42,081,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with joint venture owners, net of allowance of 0.5 million for both years | 2,714,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets - discontinued operations | 3,290,000 | 3,222,000 | 3,172,000 | 3,030,000 | 2,836,000 | 2,773,000 | 2,578,000 | 2,415,000 | 2,139,000 | 1,747,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 1.0 million and 2.0 million, respectively | 3,683,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 9,649,216 and 7,572,251 shares, respectively, at cost | -41,429,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with joint venture owners, net of allowance of 0.5 million for both periods presented | 113,000 | 130,000 | 77,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
oil and natural gas properties and equipment - successful efforts method: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net oil and natural gas properties, equipment and other | 56,617,000 | 51,869,000 | 52,067,000 | 52,724,000 | 34,931,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 1.3 million and 2.0 million, respectively | 3,035,000 | 2,742,000 | 1,444,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 8,885,829 and 7,572,251 shares, respectively, at cost | -39,943,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 7,696,150 and 7,572,251 shares, respectively, at cost | -37,870,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities | 10,334,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term operating lease liabilities | 26,297,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, none issued, 500,000 shares authorized, 25 par value | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 7,616,699 and 7,572,251 shares, respectively, at cost | -37,932,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with joint venture owners, net of allowance of 0.5 million for both years presented | 949,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 2.0 million and 6.5 million, respectively | 2,226,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of long term debt | 5,833,000 | 6,666,000 | 7,500,000 | 8,333,000 | 8,333,000 | 7,500,000 | 6,250,000 | 5,000,000 | 5,000,000 | 1,500,000 | 1,750,000 | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long term debt, excluding current portion | 1,119,000 | 2,309,000 | 3,483,000 | 4,642,000 | 6,621,000 | 6,940,000 | 8,134,000 | 9,344,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 7,572,251 and 7,581,095 shares, respectively, at cost | -37,827,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with joint venture owners, net of allowance of 0.5 million at september 30, 2018 and december 31, 2017 | 931,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
oil and natural gas properties, at cost - successful efforts method: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proved properties | 398,072,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unproved properties | 16,698,000 | 12,841,000 | 12,841,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 2.1 million and 6.5 million at september 30, 2018 and december 31, 2017, respectively | 2,306,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 7,553,947 and 7,581,095 shares at cost | -37,798,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with joint venture owners, net of allowance of 0.5 million at june 30, 2018 and december 31, 2017 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment - successful efforts method: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net property and equipment | 21,127,000 | 22,599,000 | 23,221,000 | 23,905,000 | 25,266,000 | 26,683,000 | 28,019,000 | 25,578,000 | 27,080,000 | 31,162,000 | 33,373,000 | 95,329,000 | 110,414,000 | 107,006,000 | 108,124,000 | 189,610,000 | 167,452,000 | 146,836,000 | 138,524,000 | 134,569,000 | 132,720,000 | 118,622,000 | 106,608,000 | 114,311,000 | 106,118,000 | 111,434,000 | 99,848,000 | 102,500,000 | 94,166,000 | 92,939,000 | 96,820,000 | 86,797,000 | 80,070,000 | 75,915,000 | 75,566,000 | 77,904,000 | 80,808,000 | 89,798,000 | 82,287,000 | 67,515,000 | 63,856,000 | 61,618,000 | 63,992,000 | 63,555,000 | 65,515,000 | 68,091,000 | 70,507,000 | 52,423,000 | 42,659,000 | 38,999,000 | 37,198,000 | 34,099,000 | 28,806,000 | 25,770,000 | |||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 6.4 million and 6.5 million at june 30, 2018 and december 31, 2017, respectively | 6,724,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax asset | 1,260,000 | 1,260,000 | 1,260,000 | 1,349,000 | 1,349,000 | 1,349,000 | 1,349,000 | 1,349,000 | 1,349,000 | 1,349,000 | 1,349,000 | 1,349,000 | 1,349,000 | 1,349,000 | 1,349,000 | 1,349,000 | 1,349,000 | 1,349,000 | 1,349,000 | 1,349,000 | 1,349,000 | 1,349,000 | 1,349,000 | 1,349,000 | 1,349,000 | 1,349,000 | 1,349,000 | 1,349,000 | 1,435,000 | 1,435,000 | 1,435,000 | 1,457,000 | 1,257,000 | 1,257,000 | 1,257,000 | 1,257,000 | 438,000 | 1,257,000 | 1,257,000 | 1,257,000 | 1,290,000 | 1,290,000 | 1,290,000 | ||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 7,545,830 and 7,581,095 shares at cost | -37,776,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated deficit | -20,450,000 | -20,994,000 | -29,653,000 | -33,084,000 | -32,762,000 | -35,045,000 | -39,304,000 | -35,687,000 | -20,088,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with partners, net of allowance of 0.5 million at march 31, 2018 and december 31, 2017 | 88,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 6.6 million and 6.5 million at march 31, 2018 and december 31, 2017, respectively | 7,043,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with partners | 4,822,000 | 291,000 | 4,805,000 | 1,639,000 | 12,220,000 | 3,330,000 | 4,812,000 | 5,429,000 | 1,618,000 | 1,732,000 | 3,268,000 | 4,885,000 | 4,935,000 | 14,737,000 | 11,532,000 | 16,596,000 | 16,180,000 | 3,102,000 | 8,772,000 | 9,461,000 | 13,558,000 | 5,807,000 | 1,265,000 | 326,000 | 3,796,000 | 814,000 | 130,000 | 5,415,000 | 3,829,000 | 2,880,000 | 5,540,000 | 4,450,000 | 2,322,000 | 3,430,000 | 2,255,000 | 4,043,000 | 1,875,000 | 2,757,000 | |||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock 7,581,095 shares at cost as of march 31, 2018 and december 31, 2017 | -37,953,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with partners, net of allowance of 0.5 million at december 31, 2017 and december 31, 2016 | 3,395,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 6.5 million and 4.7 million at december 31, 2017 and december 31, 2016, respectively | 6,925,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 7,581,095 and 7,555,095 shares at cost | -37,953,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with partners, net of allowance of 0.5 million at september 30, 2017 and december 31, 2016 | 2,748,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 6.2 million and 4.7 million at september 30, 2017 and december 31, 2016, respectively | 6,624,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 7,564,212 and 7,555,095 shares at cost | -37,941,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with partners, net of allowance of 0.5 million at june 30, 2017 and december 31, 2016 | 978,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 5.4 million and 4.7 million at june 30, 2017 and december 31, 2016, respectively | 6,044,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 7,555,095 shares at cost | -37,933,000 | -37,933,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with partners, net of allowance of 0.5 million at march 31, 2017 and december 31, 2016 | 3,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
materials and supplies | 102,000 | 84,000 | 145,000 | 161,000 | 174,000 | 194,000 | 232,000 | 254,000 | 233,000 | 286,000 | 1,665,000 | 503,000 | 164,000 | 224,000 | 642,000 | 325,000 | 337,000 | 376,000 | 415,000 | 450,000 | 235,000 | 280,000 | 472,000 | 472,000 | 501,000 | 416,000 | 416,000 | 161,000 | 160,000 | 408,000 | 400,000 | 399,000 | 425,000 | 424,000 | 425,000 | 396,000 | 339,000 | 324,000 | 324,000 | 324,000 | 324,000 | 329,000 | 329,000 | 328,000 | 290,000 | 272,000 | 271,000 | 271,000 | |||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 4.9 million and 4.7 million at march 31, 2017 and december 31, 2016, respectively | 5,390,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with partners, net of allowance of 0.5 million and no allowance at december 31, 2016 and 2015, respectively | 3,297,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 4.7 million and 4.2 million at december 31, 2016 and 2015, respectively | 5,110,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred finance costs | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncurrent assets - discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 7,555,095 and 7,514,169 shares at cost | -37,933,000 | -37,933,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 4.9 million and 4.2 million at september 30, 2016 and december 31, 2015 | 5,107,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred finance charge | 1,552,000 | 1,655,000 | 1,486,000 | 1,648,000 | 1,799,000 | 1,959,000 | 1,856,000 | 1,913,000 | 1,722,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivables, net of allowance of 4.8 million and 4.2 million at june 30, 2016 and december 31, 2015 | 4,968,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 7,545,978 and 7,514,169 shares at cost | -37,923,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with partners, net of allowance of 7.6 million at december 31, 2015 | 23,139,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated depreciation, depletion and amortization | -402,157,000 | -400,168,000 | -340,321,000 | -314,337,000 | -300,014,000 | -289,714,000 | -187,037,000 | -182,825,000 | -172,202,000 | -167,528,000 | -163,411,000 | -159,301,000 | -155,968,000 | -153,541,000 | -140,922,000 | -134,733,000 | -129,395,000 | -118,003,000 | -111,604,000 | -105,318,000 | -99,457,000 | -92,510,000 | -88,178,000 | -83,944,000 | -80,260,000 | -76,116,000 | -71,902,000 | -66,476,000 | -61,379,000 | -58,867,000 | -52,945,000 | -47,816,000 | -42,984,000 | -38,674,000 | -33,941,000 | -29,969,000 | -25,465,000 | -24,196,000 | -22,438,000 | -21,027,000 | -19,222,000 | -18,218,000 | -16,823,000 | -15,533,000 | |||||||||||||||||||||||||||||||||||||||||
value added tax receivable, net of allowance of 4.7 million and 4.2 million at march 31, 2016 and december 31, 2015 | 4,690,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long term debt | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 15,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 1,500,000 | 500,000 | 750,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
vaalco energy inc. shareholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 7,545,977 and 7,514,169 shares at cost | -37,923,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retained deficit | -19,827,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total equity | 18,831,000 | 26,076,000 | 106,091,000 | 139,067,000 | 143,586,000 | 180,463,000 | 278,102,000 | 271,227,000 | 245,253,000 | 250,874,000 | 212,525,000 | 257,154,000 | 257,389,000 | 244,263,000 | 233,067,000 | 224,047,000 | 222,140,000 | 209,925,000 | 196,243,000 | 186,625,000 | 173,919,000 | 163,400,000 | 157,105,000 | 156,724,000 | 159,308,000 | 161,051,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and equity | 116,690,000 | 123,958,000 | 195,079,000 | 234,287,000 | 240,630,000 | 273,621,000 | 272,223,000 | 272,129,000 | 267,956,000 | 295,148,000 | 290,126,000 | 294,928,000 | 263,630,000 | 258,559,000 | 241,932,000 | 238,400,000 | 234,497,000 | 219,292,000 | 206,557,000 | 202,999,000 | 202,486,000 | 212,259,000 | 217,374,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with partners, net of allowance of 7.6 million at december 31, 2015 and 2014 | 27,856,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other, net of allowance of 2.4 million at december 31, 2014 | 42,000 | 569,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
work in progress | 2,099,000 | 23,684,000 | 17,213,000 | 25,157,000 | 127,775,000 | 102,858,000 | 74,311,000 | 64,489,000 | 66,737,000 | 61,929,000 | 53,621,000 | 38,137,000 | 44,528,000 | 26,482,000 | 22,526,000 | 20,703,000 | 13,185,000 | 16,333,000 | 9,442,000 | 8,812,000 | 17,554,000 | 5,506,000 | 5,174,000 | 1,784,000 | 827,000 | 259,000 | 18,567,000 | 43,288,000 | 28,170,000 | 20,678,000 | 13,731,000 | 11,822,000 | 7,895,000 | 5,577,000 | 4,408,000 | 3,720,000 | 29,107,000 | 17,951,000 | 13,676,000 | 10,832,000 | 10,627,000 | 10,415,000 | 6,611,000 | ||||||||||||||||||||||||||||||||||||||||||
value added tax receivable, net of allowance of 4.2 million at december 31, 2015 | 4,221,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 7,514,169 and 7,393,714 shares at cost | -37,882,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with partners, net of allowance of 7.6 million at september 30, 2015 and december 31, 2014 | 17,930,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax receivable, net of allowance of 5.1 million at september 30, 2015 | 3,818,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | 57,790,000 | 60,939,000 | 61,942,000 | 38,540,000 | 38,446,000 | 42,561,000 | 35,563,000 | 33,219,000 | 35,190,000 | 30,326,000 | 25,511,000 | 20,794,000 | 33,461,000 | 25,090,000 | 22,408,000 | 19,597,000 | 14,699,000 | 26,702,000 | 29,644,000 | 27,939,000 | 30,699,000 | 33,728,000 | 28,598,000 | 19,077,000 | 29,999,000 | 57,773,000 | 28,006,000 | 40,414,000 | 22,772,000 | 23,904,000 | 15,810,000 | 11,794,000 | 12,095,000 | 26,686,000 | 12,635,000 | 11,632,000 | 9,771,000 | 8,555,000 | 16,702,000 | 18,009,000 | 9,274,000 | ||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, 7,508,699 and 7,393,714 shares at cost | -37,871,000 | -37,871,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with partners, net of allowance of 7.6 million at june 30, 2015 and december 31, 2014 | 19,054,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other, net of allowance of 2.4 million at june 30, 2015 and december 31, 2014 | 6,278,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with partners, net of allowance 7.6 million at march 31, 2015 and december 31, 2014 | 30,283,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other, net of allowance of 2.4 million at march 31, 2015 and december 31, 2014 | 6,089,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less treasury stock, at cost | -37,871,000 | -37,299,000 | -37,299,000 | -35,061,000 | -35,061,000 | -35,431,000 | -34,655,000 | -25,314,000 | -23,975,000 | -23,975,000 | -23,975,000 | -23,975,000 | -23,975,000 | -23,975,000 | -25,665,000 | -25,665,000 | -25,665,000 | -25,665,000 | -24,472,000 | -24,472,000 | -24,472,000 | -21,515,000 | -18,623,000 | -12,030,000 | -11,422,000 | -11,422,000 | -11,422,000 | -11,422,000 | -3,853,000 | -2,552,000 | -266,000 | -266,000 | -266,000 | -266,000 | -266,000 | -266,000 | -266,000 | -266,000 | -266,000 | -266,000 | -266,000 | ||||||||||||||||||||||||||||||||||||||||||||
accounts with partners, net of allowance 7.6 million in 2014 and 2013 | 10,903,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other, net of allowance of 2.4 million in 2014, and zero in 2013 | 3,285,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabililities and equity | 248,849,000 | 308,167,000 | 275,015,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalent | 133,498,000 | 118,567,000 | 80,721,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with partners, net of allowance of 7.6 million at september 30, 2014 and december 31, 2013 | 2,969,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other, net of allowance of 1.8 million at september 30, 2014, and zero allowance at december 31, 2013 | 5,404,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepayments and others | 5,884,000 | 2,528,000 | 6,312,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment - successful efforts method | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and other liabilities | 50,666,000 | 49,739,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
owners' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and owners' equity | 362,856,000 | 334,317,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
oil and gas sales | 24,486,000 | 52,098,000 | 28,071,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating costs and expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
production expense | 7,145,000 | 4,848,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
exploration expense | 598,000 | 3,293,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation, depletion and amortization | 4,289,000 | 6,995,000 | 4,160,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative expense | 3,967,000 | 3,134,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bad debt expense and other income | 1,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating cost and expenses | 17,799,000 | 18,270,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income | 6,687,000 | 33,828,000 | -650,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income | 19,000 | 17,000 | 29,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other income | 183,000 | -108,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | 6,870,000 | 33,720,000 | -912,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax expense | -3,761,000 | -9,009,000 | -6,126,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 3,109,000 | 24,712,000 | -7,038,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share - basic: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic net income per share attributable to vaalco energy, inc. common shareholders | 50 | 430 | -120 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share - diluted: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted net income per share attributable to vaalco energy, inc. common shareholders | 50 | 430 | -120 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic weighted-average shares outstanding | 57,304,000 | 56,951,000 | 56,860,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted weighted-average shares outstanding | 57,868,000 | 57,537,000 | 56,860,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with partners, net of allowance of zero at june 30, 2014 and 7.6 million at december 31, 2013 | 1,490,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with partners, net of allowance of zero at march 31, 2014 and 7.6 million at december 31, 2013 | 40,963,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
materials & supplies | 468,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equipment & other | 7,801,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated depreciation , depletion and amortization | -176,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities & owners' equity | 297,061,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating costs & expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
production expenses | 9,650,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
exploration expenses | 11,323,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative expenses | 3,588,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bad debt expense and other incomes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 28,721,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other incomes | -262,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with partners, net of allowance of 7.6 million in 2013 and 6.0 million in 2012 | 307,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with partners, net of allowance of 7.4 million and 6.0 million at september 30, 2013 and december 31, 2012, respectively | 4,799,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment—successful efforts method: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
vaalco energy, inc. shareholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total vaalco energy, inc. shareholders’ equity | 221,875,000 | 227,869,000 | 221,254,000 | 254,098,000 | 253,641,000 | 240,410,000 | 220,088,000 | 217,239,000 | 205,049,000 | 168,917,000 | 152,135,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with partners, net of allowance of 7.2 million and 6.0 million at june 30, 2013 and december 31, 2012, respectively | 4,821,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with partners, net of allowance of 6.9 million and 6.0 million at march 31, 2013 and december 31, 2012 respectively | 1,268,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with partners, net of allowance of 6.0 million in 2012 and 4.4 million in 2011 | 689,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities | 2,630,000 | 2,480,000 | 2,330,000 | 2,330,000 | 2,230,000 | 2,230,000 | 2,230,000 | 2,030,000 | 1,930,000 | 1,880,000 | 1,580,000 | 1,500,000 | 1,500,000 | 1,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total vaalco energy inc. shareholders’ equity | 212,525,000 | 229,124,000 | 191,525,000 | 181,640,000 | 151,441,000 | 150,159,000 | 154,022,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest | 3,056,000 | 3,748,000 | 3,853,000 | 3,943,000 | 3,959,000 | 4,901,000 | 4,876,000 | 4,718,000 | 4,985,000 | 5,002,000 | 5,122,000 | 5,664,000 | 6,565,000 | 7,173,000 | 7,029,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with partners, net of allowance of 5.4 million and 4.4 million at september 30, 2012 and december 31, 2011, respectively | 8,545,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
wells, platforms and other | 190,484,000 | 178,405,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with partners, net of allowance of 5.0 million and 4.4 million at june 30, 2012 and december 31, 2011, respectively | 2,135,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with partners, net of allowance of 4.7 million and 4.4 million at march 31, 2012 and december 31, 2011 respectively | 13,649,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with partners, net of allowance of 4.4 million in 2011 | 6,974,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
funds in escrow | 991,000 | 11,043,000 | 11,386,000 | 14,932,000 | 5,543,000 | 5,539,000 | 5,616,000 | 5,572,000 | 5,528,000 | 6,946,000 | 6,912,000 | 7,445,000 | 2,520,000 | 4,764,000 | 4,764,000 | 4,764,000 | 4,764,000 | 4,764,000 | 4,764,000 | 4,764,000 | 1,130,000 | 3,704,000 | 1,160,000 | 1,156,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with partners, net of allowance of 4.1 million at sept. 30, 2011 | 8,898,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
63,022,805 and 62,822,805 shares issued with 6,005,547 and 6,005,547 shares in treasury at march 31, 2011 and december 31, 2010, respectively | 6,302,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other long term assets | 502,000 | 347,000 | 526,000 | 484,000 | 347,000 | 347,000 | 262,000 | 293,000 | 355,000 | 418,000 | 480,000 | 894,000 | 1,154,000 | 783,000 | 810,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total vaalco energy inc. shareholder’s equity | 158,278,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total | 252,030,000 | 222,005,000 | 212,185,000 | 186,057,000 | 186,558,000 | 176,669,000 | 171,772,000 | 161,350,000 | 167,942,000 | 147,682,000 | 130,989,000 | 116,796,000 | 98,162,000 | 100,373,000 | 88,104,000 | 75,641,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes payable | 200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in consolidated subsidiaries | 7,914,000 | 9,115,000 | 8,416,000 | 7,961,000 | 8,396,000 | 7,957,000 | 7,750,000 | 8,172,000 | 7,963,000 | 8,103,000 | 7,548,000 | 7,218,000 | 5,786,000 | 6,090,000 | 4,656,000 | 5,015,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 165,878,000 | 171,505,000 | 148,898,000 | 143,077,000 | 142,330,000 | 141,276,000 | 131,833,000 | 127,547,000 | 122,264,000 | 115,849,000 | 102,080,000 | 90,109,000 | 78,315,000 | 72,553,000 | 60,538,000 | 55,215,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment – successful efforts method: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities of discontinued operations | 580,000 | 1,080,000 | 1,089,000 | 391,000 | 403,000 | 403,000 | 1,787,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets of discontinued operations | 78,000 | 78,000 | 78,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long term liabilities of discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock, 25 par value, 500,000 shares authorized; 0 and 6667 shares issued and outstanding at december 31, 2005 and 2004, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retained earnings/ | 28,088,000 | 23,069,000 | 11,166,000 | 6,168,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commitments and contingencies: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock, 25 par value, 500,000 shares authorized; 0 and 6,667 shares issued and outstanding at september 30, 2005 and december 31, 2004, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock, 25 par value, 500,000 shares authorized; 0 and 6,667 shares issued and outstanding at june 30, 2005 and december 31, 2004, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock, 25 par value, 500,000 shares authorized; 0 and 6,667 shares issued and outstanding at march 31, 2005 and december 31, 2004, respectively |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | -93,764,000 | -58,603,000 | 1,101,000 | 8,381,000 | 7,730,000 | 11,663,000 | 10,990,000 | 28,151,000 | 7,686,000 | 43,991,000 | 6,141,000 | 6,752,000 | 3,470,000 | 17,754,000 | 6,868,000 | 15,104,000 | 12,164,000 | 34,362,000 | 31,721,000 | 5,884,000 | 9,869,000 | -3,595,000 | 7,618,000 | 596,000 | -52,800,000 | 1,014,000 | -3,919,000 | -1,033,000 | 6,501,000 | 10,424,000 | 78,605,000 | 544,000 | 8,659,000 | 3,431,000 | -322,000 | 2,283,000 | 4,259,000 | -261,000 | -8,063,000 | -80,779,000 | -33,668,000 | -5,204,000 | -39,005,000 | -98,338,000 | 3,112,000 | 24,714,000 | -7,038,000 | 26,376,000 | 2,386,000 | 7,122,000 | 7,188,000 | -18,919,000 | 1,412,000 | 12,319,000 | 10,527,000 | 10,702,000 | 3,455,000 | 13,509,000 | 12,896,000 | 10,116,000 | 13,933,000 | 11,414,000 | 6,924,000 | 2,822,000 | 5,078,000 | -39,000 | -12,005,000 | -7,451,000 | 22,345,000 | 13,027,000 | 1,801,000 | 1,984,000 | 8,796,000 | 3,717,000 | 4,555,000 | 5,289,000 | 13,590,000 | 10,490,000 | 10,974,000 | 5,019,000 | 11,903,000 | 4,998,000 | 7,262,000 | ||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation, depletion and amortization | 18,212,000 | 30,845,000 | 20,555,000 | 28,273,000 | 30,305,000 | 37,047,000 | 47,031,000 | 33,132,000 | 25,824,000 | 20,344,000 | 32,538,000 | 38,003,000 | 24,417,000 | 26,316,000 | 8,963,000 | 8,191,000 | 4,673,000 | 4,132,000 | 6,970,000 | 5,810,000 | 4,148,000 | 1,266,000 | 2,212,000 | 2,801,000 | 3,103,000 | 2,112,000 | 1,509,000 | 1,909,000 | 1,553,000 | 2,307,000 | 1,130,000 | 1,035,000 | 1,124,000 | 918,000 | 1,700,000 | 1,970,000 | 1,869,000 | 1,139,000 | 1,601,000 | 1,945,000 | 2,241,000 | 9,517,000 | 8,259,000 | 9,299,000 | 5,935,000 | 4,642,000 | 4,289,000 | 6,995,000 | 4,160,000 | 5,918,000 | 3,954,000 | 3,431,000 | 3,626,000 | 3,198,000 | 4,861,000 | 6,851,000 | 5,003,000 | 7,800,000 | 5,153,000 | 6,545,000 | 6,098,000 | 7,161,000 | 4,542,000 | 4,422,000 | 3,896,000 | 5,071,000 | 4,413,000 | 5,622,000 | 5,654,000 | 2,730,000 | 6,034,000 | 5,239,000 | 4,934,000 | 4,413,000 | 4,809,000 | 4,067,000 | 4,663,000 | 1,660,000 | 1,762,000 | 1,451,000 | 1,847,000 | 1,034,000 | 1,428,000 | 1,319,000 | 1,588,000 |
loss on canada assets divestment | 1,202,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred financing costs | 392,000 | 348,000 | 315,000 | 146,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax benefit | -10,559,000 | -12,170,000 | -5,880,000 | -1,519,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized foreign exchange gain | 190,000 | -34,000 | 92,000 | -400,000 | 151,000 | -22,000 | -12,000 | -75,000 | 0 | 0 | 22,000 | 0 | -216,000 | -142,000 | -183,000 | -28,000 | 112,000 | -102,000 | 796,000 | -1,115,000 | -174,000 | 140,000 | -93,000 | -133,000 | -230,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
exploration expense | 13,801,000 | 0 | 647,000 | 426,000 | 5,056,000 | 1,185,000 | 523,000 | 712,000 | 252,000 | 125,000 | 133,000 | 2,302,000 | 149,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation expense | 1,377,000 | 1,707,000 | 1,501,000 | 1,475,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative instruments loss | 70,581,000 | -3,643,000 | 1,093,000 | -400,000 | 74,000 | -381,000 | -257,000 | 847,000 | -2,500,000 | 2,320,000 | -31,000 | -21,000 | 290,000 | -3,778,000 | 9,542,000 | 31,758,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash settlements received on matured derivative contracts | -957,000 | 0 | 0 | 6,498,000 | 718,000 | 383,000 | 1,131,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
credit losses and other | 271,000 | -649,000 | 483,000 | 29,000 | -27,000 | 1,082,000 | -252,000 | 3,662,000 | 1,812,000 | 822,000 | 680,000 | 935,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equipment and other expensed in operations | 1,890,000 | 1,635,000 | 1,489,000 | 1,476,000 | 972,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in operating assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade receivables | 13,372,000 | 68,784,000 | 23,365,000 | -12,466,000 | -34,671,000 | 34,572,000 | -26,565,000 | 21,357,000 | 12,702,000 | 53,493,000 | -25,658,000 | -22,152,000 | -22,464,000 | 28,801,000 | -4,998,000 | -12,647,000 | 6,080,000 | 3,441,000 | -9,521,000 | 14,335,000 | -6,832,000 | 6,325,000 | -4,792,000 | 2,871,000 | -11,907,000 | 9,607,000 | -1,347,000 | -4,704,000 | 3,647,000 | 862,000 | -1,569,000 | 255,000 | -463,000 | 1,423,000 | -1,940,000 | -70,000 | 1,631,000 | 1,181,000 | 11,044,000 | 318,000 | -13,500,000 | 15,558,000 | -21,498,000 | 16,885,000 | -16,486,000 | 25,741,000 | -1,725,000 | -16,541,000 | 3,786,000 | 8,244,000 | -19,348,000 | 9,444,000 | 1,057,000 | -94,000 | -705,000 | 3,723,000 | 7,050,000 | 830,000 | -13,357,000 | -416,000 | 320,000 | 2,069,000 | -1,829,000 | 778,000 | 12,909,000 | -7,222,000 | 1,614,000 | 2,952,000 | -1,833,000 | -7,443,000 | 4,868,000 | -7,750,000 | 7,484,000 | -15,000 | 1,911,000 | -10,535,000 | 1,279,000 | 4,795,000 | -3,150,000 | -4,041,000 | |||||
accounts with joint venture owners | 2,876,000 | 4,339,000 | -3,439,000 | 1,381,000 | -2,234,000 | 3,982,000 | -136,000 | -3,920,000 | -683,000 | 4,481,000 | -6,656,000 | 2,835,000 | 18,911,000 | -7,811,000 | -21,401,000 | 16,935,000 | -6,652,000 | 1,613,000 | -661,000 | 367,000 | 275,000 | -4,626,000 | -3,141,000 | -2,029,000 | 13,812,000 | -14,429,000 | 8,063,000 | -695,000 | 4,986,000 | -5,214,000 | -5,242,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
egypt receivables and other | -307,000 | 268,000 | 959,000 | -1,030,000 | 32,230,000 | 6,038,000 | -426,000 | -1,314,000 | 1,346,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
crude oil inventory | -8,183,000 | 7,184,000 | -7,697,000 | 6,729,000 | 1,451,000 | -4,665,000 | 2,535,000 | 10,056,000 | -438,000 | 7,339,000 | 1,513,000 | 978,000 | -8,443,000 | 919,000 | 9,613,000 | -9,233,000 | -3,041,000 | 963,000 | 551,000 | -2,287,000 | 5,795,000 | -3,125,000 | 72,000 | 3,012,000 | -2,793,000 | -297,000 | -222,000 | 721,000 | -489,000 | 1,447,000 | -934,000 | -19,000 | 1,984,000 | -2,103,000 | -208,000 | 85,000 | -124,000 | -61,000 | -66,000 | 216,000 | -281,000 | 318,000 | -510,000 | 1,245,000 | 213,000 | -440,000 | -1,092,000 | 780,000 | -996,000 | 2,072,000 | 151,000 | -2,231,000 | 287,000 | 1,034,000 | -668,000 | 61,000 | -498,000 | 3,518,000 | -2,999,000 | -167,000 | -176,000 | 39,000 | -261,000 | 110,000 | -150,000 | 169,000 | -124,000 | 136,000 | 914,000 | -1,176,000 | 1,371,000 | -478,000 | -171,000 | 76,000 | 399,000 | -1,264,000 | 422,000 | -263,000 | -75,000 | -134,000 | 430,000 | -333,000 | 288,000 | -360,000 | 611,000 |
premiums paid on commodity derivative contracts | -1,314,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepayments and other | -773,000 | -4,439,000 | -5,585,000 | -904,000 | -769,000 | -2,970,000 | 1,982,000 | -1,551,000 | -2,278,000 | 3,545,000 | 1,267,000 | -1,052,000 | 983,000 | -3,267,000 | -2,690,000 | 2,446,000 | -876,000 | 536,000 | 9,703,000 | -5,382,000 | -3,240,000 | 27,000 | -374,000 | 214,000 | -993,000 | 965,000 | -804,000 | -973,000 | -202,000 | 433,000 | 751,000 | 40,000 | -804,000 | 87,000 | 1,164,000 | -159,000 | 554,000 | 944,000 | -249,000 | 14,000 | -317,000 | 1,817,000 | -220,000 | 862,000 | 655,000 | 2,350,000 | -590,000 | -1,422,000 | 256,000 | 2,081,000 | -1,253,000 | 1,203,000 | -2,797,000 | 2,855,000 | -2,882,000 | 849,000 | -1,708,000 | 392,000 | 1,052,000 | -1,195,000 | -550,000 | 422,000 | -85,000 | 971,000 | -123,000 | 2,513,000 | -1,611,000 | -1,141,000 | 50,000 | -413,000 | -62,000 | 991,000 | 394,000 | -1,998,000 | -239,000 | -250,000 | 1,598,000 | -1,172,000 | 466,000 | -312,000 | -7,000 | ||||
value added tax and other receivables | 216,000 | 1,399,000 | -535,000 | 868,000 | 5,310,000 | -1,397,000 | -3,706,000 | 727,000 | -2,734,000 | 6,146,000 | -1,417,000 | -941,000 | -1,361,000 | 178,000 | -3,122,000 | -1,173,000 | -1,076,000 | -254,000 | -839,000 | -351,000 | -149,000 | -349,000 | -224,000 | -325,000 | -370,000 | -389,000 | -54,000 | -20,000 | 738,000 | -119,000 | -409,000 | -332,000 | 83,000 | -242,000 | -1,653,000 | -813,000 | -317,000 | -411,000 | |||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | -21,490,000 | 43,787,000 | -4,092,000 | 3,993,000 | 7,219,000 | -4,164,000 | -8,307,000 | 5,257,000 | -5,984,000 | -18,019,000 | 814,000 | -4,158,000 | -6,739,000 | 19,791,000 | 4,986,000 | 9,275,000 | -10,132,000 | 8,764,000 | 911,000 | -3,970,000 | -6,627,000 | 8,476,000 | -3,499,000 | -4,689,000 | -1,130,000 | 8,165,000 | -1,424,000 | 3,193,000 | -3,923,000 | 905,000 | -3,779,000 | 756,000 | -1,291,000 | -2,047,000 | -976,000 | 4,792,000 | -9,066,000 | 8,880,000 | -9,128,000 | -12,457,000 | -2,754,000 | ||||||||||||||||||||||||||||||||||||||||||||
foreign income taxes payable | -17,004,000 | 1,790,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued liabilities and other | -9,255,000 | -3,476,000 | -1,920,000 | -10,563,000 | 1,253,000 | 8,937,000 | -15,228,000 | -8,145,000 | -19,068,000 | 4,532,000 | -3,939,000 | 12,040,000 | -19,177,000 | -18,218,000 | -4,081,000 | 16,449,000 | 12,814,000 | 393,000 | -6,776,000 | 8,604,000 | -576,000 | 1,902,000 | 48,000 | -1,260,000 | -2,073,000 | 69,000 | 234,000 | 4,439,000 | -581,000 | 356,000 | -2,380,000 | 1,232,000 | 149,000 | 2,482,000 | 545,000 | 532,000 | -1,509,000 | -4,610,000 | 261,000 | -1,468,000 | 1,231,000 | ||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | -39,226,000 | 145,173,000 | 16,445,000 | 18,343,000 | 32,706,000 | 44,533,000 | 47,791,000 | -438,000 | 21,832,000 | 51,786,000 | 94,242,000 | 35,563,000 | 42,006,000 | -853,000 | 60,692,000 | 69,765,000 | -758,000 | 3,396,000 | 33,561,000 | 11,418,000 | 1,742,000 | 8,389,000 | -1,178,000 | -7,388,000 | 27,627,000 | -2,579,000 | 12,470,000 | 3,096,000 | 13,485,000 | 1,136,000 | 5,384,000 | 15,589,000 | 15,067,000 | 3,427,000 | 659,000 | -1,525,000 | 4,098,000 | -3,416,000 | -1,665,000 | 1,809,000 | -180,000 | 1,356,000 | 10,566,000 | 27,554,000 | -601,000 | -31,364,000 | 14,194,000 | 64,102,000 | -23,542,000 | 38,596,000 | 46,350,000 | 49,155,000 | 16,785,000 | 12,857,000 | 15,161,000 | 35,243,000 | 13,281,000 | 27,266,000 | 13,795,000 | 10,583,000 | 19,951,000 | 651,000 | 14,330,000 | 3,759,000 | -873,000 | 17,817,000 | 2,790,000 | 41,051,000 | 10,274,000 | 40,928,000 | 14,325,000 | 21,566,000 | -4,865,000 | 21,475,000 | 5,056,000 | 23,080,000 | 15,102,000 | 18,297,000 | 7,957,000 | 1,210,000 | 17,751,000 | 11,211,000 | 5,729,000 | ||
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -9,677,000 | -11,060,000 | -3,128,000 | -1,840,000 | -4,809,000 | -1,939,000 | -1,740,000 | -6,032,000 | -14,981,000 | -9,786,000 | -5,059,000 | -3,418,000 | 0 | -7,459,000 | -1,157,000 | -483,000 | ||
free cash flows | -39,226,000 | 145,173,000 | 16,445,000 | 18,343,000 | 32,706,000 | 44,533,000 | 47,791,000 | -438,000 | 21,832,000 | 51,786,000 | 94,242,000 | 35,563,000 | 42,006,000 | -853,000 | 60,692,000 | 69,765,000 | -758,000 | 3,396,000 | 33,561,000 | 11,418,000 | 1,742,000 | 8,389,000 | -1,178,000 | -7,388,000 | 27,627,000 | -2,579,000 | 12,470,000 | 3,096,000 | 13,485,000 | 1,136,000 | 5,384,000 | 15,589,000 | 15,067,000 | 3,427,000 | 659,000 | -1,525,000 | 4,098,000 | -3,416,000 | -1,665,000 | 1,809,000 | -180,000 | 1,356,000 | 10,566,000 | 27,554,000 | -601,000 | -31,364,000 | 14,194,000 | 64,102,000 | -23,542,000 | 38,596,000 | 46,350,000 | 49,155,000 | 16,785,000 | 12,857,000 | 15,161,000 | 35,243,000 | 13,281,000 | 27,266,000 | 13,795,000 | 10,583,000 | 19,951,000 | 651,000 | 14,330,000 | 3,759,000 | -873,000 | 17,817,000 | 2,790,000 | 31,374,000 | -786,000 | 37,800,000 | 12,485,000 | 16,757,000 | -6,804,000 | 19,735,000 | -976,000 | 8,099,000 | 5,316,000 | 13,238,000 | 4,539,000 | 1,210,000 | 10,292,000 | 10,054,000 | 5,246,000 | ||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment expenditures, including exploration expense | -78,074,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the canada assets divestment | 25,474,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of oil and gas properties | 0 | -2,787,000 | -247,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -52,600,000 | -100,128,000 | -48,302,000 | -48,686,000 | -58,774,000 | -41,001,000 | -12,431,000 | -32,069,000 | -16,618,000 | -19,858,000 | -22,533,000 | -27,132,000 | -27,700,000 | -19,358,000 | -43,575,000 | -37,130,000 | -23,148,000 | -8,099,000 | -4,158,000 | -7,750,000 | -19,056,000 | -2,011,000 | -2,220,000 | -8,117,000 | -11,980,000 | -6,966,000 | -2,219,000 | -375,000 | -788,000 | -922,000 | -12,229,000 | -553,000 | -423,000 | -526,000 | -344,000 | 3,000 | -782,000 | -2,942,000 | 14,883,000 | -12,207,000 | -1,021,000 | -16,689,000 | -30,913,000 | -13,065,000 | -22,343,000 | -33,359,000 | -16,812,000 | -26,683,000 | -24,544,000 | -10,927,000 | -15,674,000 | -22,153,000 | -19,190,000 | -28,385,000 | -16,319,000 | -16,761,000 | -10,372,000 | -9,333,000 | -11,607,000 | -5,507,000 | -1,929,000 | -19,460,000 | -6,523,000 | -9,912,000 | -3,478,000 | 202,000 | 4,913,000 | -15,340,000 | -38,741,000 | -17,621,000 | -13,379,000 | -3,128,000 | -8,241,000 | -12,870,000 | 3,539,000 | -2,417,000 | -10,853,000 | -31,409,000 | -10,315,000 | -5,777,000 | -2,545,000 | -1,894,000 | -10,552,000 | -3,533,000 | -693,000 |
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from borrowings | 92,000,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividend distribution | -6,687,000 | -6,673,000 | -6,680,000 | -6,557,000 | -6,570,000 | -6,569,000 | -6,605,000 | -6,579,000 | -6,463,000 | -6,619,000 | -6,701,000 | -6,717,000 | -6,735,000 | -3,538,000 | -1,944,000 | -1,943,000 | -1,929,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for treasury shares | 0 | -554,000 | -155,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs paid | -1,160,000 | -190,000 | -1,792,000 | -5,118,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of finance leases | -3,176,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from in financing activities | 80,977,000 | -10,226,000 | -10,319,000 | 47,708,000 | -14,786,000 | -10,784,000 | -8,697,000 | -9,112,000 | -14,455,000 | -14,437,000 | -14,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effects of exchange rate changes on cash | -32,000 | 30,000 | -43,000 | 69,000 | 27,000 | 1,000 | 229,000 | -25,000 | -208,000 | 168,000 | -36,000 | 24,000 | -309,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in cash, cash equivalents and restricted cash | -10,881,000 | 34,849,000 | -42,219,000 | 17,434,000 | -40,827,000 | -7,251,000 | 26,892,000 | -41,644,000 | -9,449,000 | 17,659,000 | 57,173,000 | -5,888,000 | 458,000 | -30,309,000 | 14,964,000 | 28,831,000 | -26,024,000 | -4,639,000 | 29,397,000 | 3,609,000 | -17,370,000 | 6,439,000 | -3,398,000 | -15,843,000 | 14,995,000 | -10,908,000 | 8,204,000 | 2,534,000 | 12,639,000 | 189,000 | -6,779,000 | 8,398,000 | 12,561,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of period | 66,963,000 | 0 | 0 | 0 | 97,726,000 | 0 | 0 | 0 | 129,178,000 | 0 | 0 | 0 | 59,776,000 | 0 | 0 | 0 | 72,314,000 | 0 | 0 | 0 | 61,317,000 | 0 | 0 | 59,124,000 | 0 | 0 | 46,655,000 | 0 | 0 | 32,286,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of period | 56,082,000 | 34,849,000 | -42,219,000 | 17,434,000 | 56,899,000 | -7,251,000 | 26,892,000 | -41,644,000 | 119,729,000 | 17,659,000 | 57,173,000 | -5,888,000 | 60,234,000 | -30,309,000 | 14,964,000 | 28,831,000 | 46,290,000 | -4,639,000 | 29,397,000 | 3,609,000 | 43,947,000 | -3,398,000 | -15,843,000 | 74,119,000 | 8,204,000 | 2,534,000 | 59,294,000 | -6,779,000 | 8,398,000 | 44,847,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
bargain purchase gain and measurement period adjustment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss on assets held for sale | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash exploration expense | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred taxes | -9,023,000 | -355,000 | -3,966,000 | -3,441,000 | -559,000 | -3,923,000 | -853,000 | 2,471,000 | 5,265,000 | 24,009,000 | 25,849,000 | -10,318,000 | -15,767,000 | -22,700,000 | -3,320,000 | 1,809,000 | -2,813,000 | -5,299,000 | -3,367,000 | 35,638,000 | 1,755,000 | 5,058,000 | 5,925,000 | 1,742,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation | 1,073,000 | 1,479,000 | 985,000 | 898,000 | 991,000 | 1,078,000 | 605,000 | 649,000 | -100,000 | 36,000 | 842,000 | 1,422,000 | 361,000 | 25,000 | 514,000 | 1,559,000 | 2,211,000 | -248,000 | 720,000 | -2,569,000 | 736,000 | 1,150,000 | -103,000 | 1,723,000 | -1,476,000 | 1,108,000 | 2,360,000 | 314,000 | 165,000 | 150,000 | 629,000 | 154,000 | -915,000 | -509,000 | 757,000 | 859,000 | 786,000 | 692,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cash settlements paid on matured derivative contracts | 93,000 | -355,000 | 91,000 | 123,000 | -438,000 | 18,000 | -9,000 | -24,000 | -65,000 | 1,000 | -4,000 | -59,000 | -9,124,000 | -21,059,000 | -12,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash settlements paid on asset retirement obligations | -53,000 | -233,000 | -53,000 | -29,000 | -1,951,000 | -4,422,000 | -251,000 | -123,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other long-term assets | 1,061,000 | 1,109,000 | 1,716,000 | -1,017,000 | 888,000 | 1,434,000 | 457,000 | 1,051,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign income taxes receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of crude oil and natural gas properties | 0 | 0 | -4,647,000 | -17,858,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuances of common stock | 0 | 0 | 0 | 447,000 | 80,000 | 211,000 | 108,000 | 274,000 | 55,000 | 0 | 59,000 | 198,000 | 64,000 | 252,000 | 706,000 | 347,000 | 123,000 | 26,000 | 60,000 | 47,000 | 11,000 | 88,000 | 1,000 | 0 | 0 | 38,000 | -11,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury shares | 1,000 | -1,000 | -458,000 | -6,344,000 | -6,077,000 | -6,090,000 | -6,026,000 | -5,377,000 | -3,017,000 | 0 | -401,000 | -387,000 | 0 | -258,000 | -765,000 | -403,000 | -2,000 | 0 | -338,000 | -652,000 | -1,486,000 | -2,073,000 | -247,000 | -105,000 | -36,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs | -53,000 | -534,000 | -84,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments of finance lease | -3,508,000 | -3,449,000 | -3,389,000 | -2,943,000 | -4,216,000 | -2,092,000 | -2,074,000 | -2,095,000 | -1,904,000 | -1,867,000 | -1,678,000 | -1,701,000 | -2,846,000 | -125,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bargain purchase gain | 6,366,000 | 0 | 0 | 0 | 0 | 1,412,000 | 0 | 0 | 0 | -7,651,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment expenditures | -48,302,000 | -45,899,000 | -58,527,000 | -41,466,000 | -12,431,000 | -32,481,000 | -16,618,000 | -19,858,000 | -22,533,000 | -27,132,000 | -27,700,000 | -56,044,000 | -43,575,000 | -37,130,000 | -23,148,000 | -8,099,000 | -4,158,000 | -3,103,000 | -1,198,000 | 2,309,000 | -2,220,000 | -8,117,000 | -11,980,000 | -6,966,000 | -2,219,000 | -375,000 | -788,000 | -553,000 | -423,000 | -513,000 | -268,000 | -264,000 | -768,000 | 4,076,000 | -112,000 | -11,378,000 | -1,291,000 | -16,713,000 | -31,035,000 | -13,126,000 | -28,070,000 | -24,075,000 | -16,812,000 | -26,541,000 | -24,751,000 | -10,741,000 | -15,305,000 | -22,461,000 | -18,372,000 | -28,408,000 | -16,286,000 | -16,482,000 | -10,739,000 | -9,010,000 | -11,638,000 | -5,850,000 | -5,475,000 | -20,071,000 | -6,519,000 | -9,989,000 | -3,433,000 | 245,000 | -2,216,000 | -20,894,000 | -38,475,000 | ||||||||||||||||||||
cash acquired in business combination, net of cash paid | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized foreign exchange loss | -1,368,000 | 1,673,000 | 621,000 | -417,000 | -94,000 | -102,000 | -880,000 | 619,000 | -199,000 | 512,000 | -1,957,000 | 554,000 | 244,000 | 116,000 | -452,000 | -128,000 | -2,207,000 | -176,000 | 2,749,000 | -398,000 | 0 | 0 | 22,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash settlements paid on exercised stock appreciation rights | 0 | 0 | 0 | -154,000 | -96,000 | -49,000 | 0 | -233,000 | -22,000 | 0 | -600,000 | -205,000 | -220,000 | -118,000 | -2,081,000 | -852,000 | -230,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other operating loss | 0 | -132,000 | 166,000 | -262,000 | 255,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign income taxes receivable/ | -18,035,000 | 30,890,000 | -25,475,000 | 18,912,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative instruments (gain) loss | 5,954,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other operating income | 360,000 | 786,000 | 37,000 | 15,000 | 31,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equipment and other incomed in operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trade | -19,410,000 | -20,037,000 | -9,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid in business combination, net of cash acquired | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operational expenses associated with equipment and other | 727,000 | 302,000 | 636,000 | 3,756,000 | -556,000 | -640,000 | 1,099,000 | 235,000 | 478,000 | 240,000 | 1,580,000 | 314,000 | 274,000 | 247,000 | 183,000 | 341,000 | 499,000 | 578,000 | 131,000 | -2,000 | 49,000 | -109,000 | -91,000 | -44,000 | 1,567,000 | 172,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax liability | 169,000 | -3,250,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bargain purchase loss | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations, net of tax | 0 | 0 | 2,000 | 13,000 | 14,000 | 26,000 | 20,000 | 12,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
credit (recovery) losses and other | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from continuing operating activities | 51,786,000 | 94,242,000 | 35,565,000 | 42,019,000 | -838,000 | 60,711,000 | 69,785,000 | -740,000 | 3,416,000 | 33,581,000 | 11,457,000 | 1,755,000 | 8,454,000 | -1,156,000 | -7,052,000 | 27,645,000 | -2,566,000 | 17,052,000 | 3,086,000 | 13,586,000 | 1,230,000 | 5,450,000 | 15,890,000 | 15,658,000 | 3,646,000 | 814,000 | 1,940,000 | 4,682,000 | -2,534,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from discontinued operating activities | 0 | 0 | -2,000 | -13,000 | -15,000 | -19,000 | -20,000 | -18,000 | -20,000 | -20,000 | -39,000 | -13,000 | -65,000 | -22,000 | -336,000 | -18,000 | -13,000 | -4,582,000 | 10,000 | -101,000 | -94,000 | -66,000 | -301,000 | -591,000 | -219,000 | -155,000 | -3,465,000 | -584,000 | -882,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash acquired from transglobe acquisition | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from continuing investing activities | -19,858,000 | -22,533,000 | -27,132,000 | -27,700,000 | -19,358,000 | -43,575,000 | -37,130,000 | -23,148,000 | -8,099,000 | -4,158,000 | -7,750,000 | -19,056,000 | -2,011,000 | -2,220,000 | -8,117,000 | -11,980,000 | -6,966,000 | -2,219,000 | -375,000 | -788,000 | -922,000 | -12,229,000 | -553,000 | -423,000 | -526,000 | -344,000 | 3,000 | -782,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from discontinued investing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from in continuing financing activities | -14,437,000 | -14,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from discontinued financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other receivables | 2,562,000 | 441,000 | -2,309,000 | -6,386,000 | -1,961,000 | 780,000 | -1,723,000 | -9,830,000 | 225,000 | -78,000 | -53,000 | 72,000 | 2,190,000 | -102,000 | -755,000 | -313,000 | 61,000 | -153,000 | 311,000 | -1,017,000 | -290,000 | -60,000 | 37,000 | -317,000 | 216,000 | 18,000 | 40,000 | -30,000 | 64,000 | 39,000 | -91,000 | 2,658,000 | -686,000 | 218,000 | -2,774,000 | 1,065,000 | -1,175,000 | -1,032,000 | -108,000 | 5,914,000 | -2,661,000 | -286,000 | -3,020,000 | -1,179,000 | 2,041,000 | 2,058,000 | -3,119,000 | -715,000 | 5,630,000 | 1,193,000 | -548,000 | 1,917,000 | -4,910,000 | -4,189,000 | 2,625,000 | 43,000 | -1,801,000 | -1,392,000 | -9,000 | 256,000 | -502,000 | -323,000 | 141,000 | 40,000 | 904,000 | 242,000 | -1,499,000 | -312,000 | -331,000 | -369,000 | 913,000 | -190,000 | -583,000 | 90,000 | -342,000 | ||||||||||
foreign income taxes receivable/payable | 20,681,000 | 7,151,000 | 8,193,000 | -30,825,000 | -1,165,000 | 20,402,000 | 5,691,000 | 5,184,000 | -14,589,000 | 6,149,000 | 5,524,000 | 1,995,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from continuing financing activities | -13,539,000 | -9,880,000 | -2,153,000 | -3,804,000 | -2,118,000 | 64,000 | -6,000 | -59,000 | -56,000 | 61,000 | 0 | -338,000 | -652,000 | -1,363,000 | -2,047,000 | -187,000 | -58,000 | -25,000 | 66,000 | -6,638,000 | -2,083,000 | -2,095,000 | -2,092,000 | -2,083,000 | 455,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -13,539,000 | -9,880,000 | -2,153,000 | -3,804,000 | -2,118,000 | 64,000 | -6,000 | -59,000 | -56,000 | 61,000 | 0 | -338,000 | -652,000 | -1,363,000 | -2,047,000 | -187,000 | -58,000 | -25,000 | 66,000 | -6,638,000 | -2,083,000 | -2,095,000 | -2,092,000 | -2,083,000 | 455,000 | -51,000 | -16,000 | -11,000 | 0 | 7,000 | 445,000 | 276,000 | 17,549,000 | 427,000 | -1,722,000 | 2,396,000 | -8,919,000 | -26,234,000 | -1,998,000 | 1,371,000 | -1,599,000 | -1,346,000 | -3,566,000 | 99,000 | -491,000 | -1,112,000 | -2,996,000 | 68,000 | -1,438,000 | -7,777,000 | -8,023,000 | -2,106,000 | -1,476,000 | -1,497,000 | -1,986,000 | -8,951,000 | -2,800,000 | -2,482,000 | -842,000 | -817,000 | -1,019,000 | -370,000 | -1,064,000 | 436,000 | 3,707,000 | -389,000 | -1,168,000 | -609,000 | |||||||||||||||||
impairment of proved crude oil and natural gas properties | 0 | 0 | 0 | 30,625,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other amortization | 0 | 60,000 | 61,000 | 60,000 | 60,000 | 60,000 | 61,000 | 60,000 | 60,000 | 166,000 | 131,000 | 60,000 | 76,000 | 92,000 | 104,000 | 97,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bad debt expense and other | 999,000 | 1,020,000 | 571,000 | 492,000 | 61,000 | 318,000 | 395,000 | 101,000 | 25,000 | -157,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other operating expense | 0 | 0 | 5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other noncurrent assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash advance for other long-term assets | 380,000 | -1,452,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on revision of asset retirement obligations | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash settlements received (paid) on matured derivative contracts | -1,710,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | 19,000 | 80,000 | 21,000 | 343,000 | 52,000 | 103,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(income) income from discontinued operations | 57,000 | -11,000 | -11,000 | 63,000 | 37,000 | 61,000 | 162,000 | -5,671,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt repayments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivatives instruments gain | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized foreign exchange (gain ) loss | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivatives instruments (gain) loss | 756,000 | -7,339,000 | 2,712,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bad debt (recovery) expense and other | 179,000 | 810,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign taxes payable | -1,102,000 | -1,284,000 | 2,518,000 | 2,743,000 | -3,902,000 | 1,037,000 | 976,000 | -3,656,000 | 3,582,000 | 1,849,000 | 107,000 | 2,967,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized foreign exchange (gain) loss | -4,000 | -2,730,000 | -123,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bad debt (recovery) expense | -371,000 | 54,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other operating (income) loss | 21,000 | 0 | 0 | 37,000 | 248,000 | 63,000 | 258,000 | 5,000 | 0 | 3,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of crude oil and natural gas properties | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings | 0 | 0 | 0 | 4,167,000 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt repayment | 0 | 0 | -7,083,000 | -2,083,000 | -2,084,000 | -2,084,000 | -2,083,000 | -3,750,000 | 0 | 0 | -500,000 | -500,000 | -500,000 | -750,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivatives instruments loss | -1,911,000 | 1,912,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bad debt recovery and other | -29,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commodity derivatives (gain) loss | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash settlements (paid)/received on matured derivative contracts | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of proved properties | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of oil and gas properties | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums paid for put options | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs | 0 | -16,000 | -333,000 | -40,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized foreign exchange (gain)/loss | 740,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commodity derivatives loss | 1,065,000 | 61,000 | 921,000 | -130,000 | 180,000 | 939,000 | 194,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash settlements received on derivative contracts | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other operating gain | 6,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
oil and natural gas properties, equipment and other expenditures | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of oil and natural gas properties | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of oil and gas properties | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid | 0 | 15,000 | 368,000 | 0 | 235,000 | 30,000 | 298,000 | 0 | 241,000 | 0 | 70,000 | 22,000 | 41,000 | 49,000 | 56,000 | 63,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes paid | 0 | 2,720,000 | 2,927,000 | 5,940,000 | 3,202,000 | 2,280,000 | 2,495,000 | 6,362,000 | 5,584,000 | 9,538,000 | 9,741,000 | 17,753,000 | 17,849,000 | 6,027,000 | 2,606,000 | 6,044,000 | 20,997,000 | 25,740,000 | 20,031,000 | 16,748,000 | 14,488,000 | 8,554,000 | 10,226,000 | 3,419,000 | 6,280,000 | 8,677,000 | 12,120,000 | 6,990,000 | 8,166,000 | 6,426,000 | 10,016,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash investing and financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment additions incurred but not paid at period end | -93,000 | 556,000 | -44,000 | 213,000 | 210,000 | 292,000 | -121,000 | -13,461,000 | 15,572,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset retirement obligation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bad debt expense (recovery) and other | -56,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other operating (gain) loss | -24,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts with partners | 8,129,000 | -650,000 | -2,068,000 | -5,489,000 | 8,099,000 | -1,842,000 | 2,490,000 | 10,919,000 | 4,717,000 | -9,926,000 | -2,206,000 | 9,747,000 | -14,568,000 | -13,364,000 | 2,334,000 | 39,358,000 | -42,192,000 | 2,597,000 | 4,764,000 | -8,750,000 | -11,260,000 | 21,531,000 | -8,620,000 | 13,168,000 | -7,091,000 | 1,950,000 | -1,427,000 | 4,972,000 | -324,000 | -17,738,000 | 6,203,000 | 4,816,000 | 4,097,000 | -7,751,000 | 1,491,000 | -2,075,000 | -6,821,000 | 2,412,000 | -2,783,000 | 7,384,000 | -1,586,000 | -949,000 | -12,011,000 | 6,764,000 | 7,907,000 | -1,090,000 | -2,128,000 | 1,108,000 | -1,175,000 | 1,788,000 | -2,168,000 | 882,000 | 381,000 | ||||||||||||||||||||||||||||||||
interest paid, net of capitalized interest | 172,000 | 237,000 | 278,000 | 296,000 | 280,000 | 274,000 | 283,000 | 489,000 | 218,000 | 465,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dry hole costs and impairment of unproved leasehold | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bad debt provision | 220,000 | -49,000 | 183,000 | 98,000 | 645,000 | 63,000 | -51,000 | 278,000 | 662,000 | 315,000 | 387,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in restricted cash | -13,000 | -76,000 | -47,000 | -14,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in cash and cash equivalents | 806,000 | -1,777,000 | -3,605,000 | 3,771,000 | -6,409,000 | 13,202,000 | -10,475,000 | -1,201,000 | -15,344,000 | -20,347,000 | 14,496,000 | -22,499,000 | -64,447,000 | 14,931,000 | 37,846,000 | -49,808,000 | 30,065,000 | 21,757,000 | -23,933,000 | -28,159,000 | -5,464,000 | -1,532,000 | -2,533,000 | 3,190,000 | 24,564,000 | -1,892,000 | 21,858,000 | 11,375,000 | -9,989,000 | 10,432,000 | -9,193,000 | 9,414,000 | -3,816,000 | -3,983,000 | 371,000 | -37,427,000 | 21,933,000 | -5,091,000 | 28,849,000 | 3,284,000 | 6,214,000 | -2,168,000 | 18,241,000 | -6,816,000 | -8,699,000 | 3,723,000 | 12,956,000 | 9,119,000 | -1,441,000 | 6,810,000 | 6,510,000 | 4,427,000 | |||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
premiums paid | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 20,474,000 | 0 | 0 | 25,357,000 | 0 | 0 | 0 | 69,051,000 | 0 | 0 | 0 | 130,800,000 | 0 | 0 | 0 | 137,139,000 | 0 | 0 | 0 | 81,234,000 | 0 | 0 | 0 | 80,570,000 | 0 | 0 | 0 | 125,425,000 | 0 | 0 | 0 | 76,450,000 | 0 | 0 | 0 | 60,979,000 | 0 | 0 | 0 | 43,880,000 | 0 | 0 | 0 | 27,574,000 | |||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | -1,777,000 | -3,605,000 | 24,245,000 | 13,202,000 | -10,475,000 | 24,156,000 | -15,344,000 | -20,347,000 | 14,496,000 | 46,552,000 | 30,064,000 | 21,757,000 | -23,933,000 | 102,641,000 | -5,464,000 | -1,532,000 | -2,533,000 | 140,329,000 | 24,564,000 | -1,892,000 | 21,858,000 | 92,609,000 | -9,989,000 | 10,432,000 | -9,193,000 | 89,984,000 | -3,816,000 | -3,983,000 | 371,000 | 87,998,000 | 21,933,000 | -5,091,000 | 28,849,000 | 79,734,000 | 6,214,000 | -2,168,000 | 18,241,000 | 54,163,000 | -8,699,000 | 3,723,000 | 12,956,000 | 52,999,000 | -1,441,000 | 6,810,000 | 6,510,000 | 32,001,000 | |||||||||||||||||||||||||||||||||||||||
asset retirement obligations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss (income) from discontinued operations | 168,000 | 176,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
materials and supplies | -18,000 | 76,000 | 16,000 | 13,000 | 20,000 | 38,000 | 22,000 | -21,000 | 53,000 | 1,379,000 | -1,162,000 | -35,000 | -304,000 | 60,000 | 418,000 | -317,000 | 12,000 | 39,000 | 39,000 | 35,000 | -215,000 | 45,000 | 192,000 | 0 | 29,000 | -85,000 | 0 | -255,000 | -1,000 | 248,000 | -8,000 | -1,000 | 26,000 | -1,000 | 1,000 | -29,000 | -57,000 | 5,000 | 0 | -2,000 | -37,000 | -18,000 | -1,000 | 0 | 43,000 | ||||||||||||||||||||||||||||||||||||||||
asset retirement cost capitalized | 1,501,000 | 0 | 0 | 42,000 | -274,000 | 203,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other long term assets | 0 | 0 | 0 | 502,000 | -45,000 | -134,000 | -1,000 | 12,000 | -12,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in restricted cash | -41,000 | 14,995,000 | 13,000 | 252,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of oil and gas properties | 0 | 0 | 58,000 | 340,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of treasury stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt issuance cost | 56,000 | 973,000 | 103,000 | -169,000 | 162,000 | 151,000 | 160,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 0 | -842,000 | 18,000 | 242,000 | -412,000 | -61,000 | -61,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax and other receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
bad debt expense | 343,000 | 262,000 | 879,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
value added tax receivable | -690,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
taxes paid | 1,830,000 | 2,988,000 | 2,921,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivable from employees for stock option exercises | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dry hole costs and impairment loss on unproved leasehold | 8,804,000 | 8,977,000 | 649,000 | 27,222,000 | 0 | 0 | 2,768,000 | 10,505,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in restricted cash | 0 | -142,000 | 207,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment additions incurred during the period but not paid at period end | -4,822,000 | -11,143,000 | 5,390,000 | 27,907,000 | 186,000 | 2,016,000 | 39,000 | 4,319,000 | 505,000 | 3,004,000 | -2,193,000 | 4,418,000 | 3,771,000 | -312,000 | -6,582,000 | 7,486,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on disposal of oil and gas properties | 0 | -58,000 | -340,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss | 17,988,000 | 5,821,000 | 5,399,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and other liabilities | 7,948,000 | -6,895,000 | 14,477,000 | -8,361,000 | -6,852,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock based compensation | 1,654,000 | 624,000 | 641,000 | 640,000 | 1,417,000 | 405,000 | 362,000 | 832,000 | 1,406,000 | 351,000 | 351,000 | 352,000 | 1,352,000 | 315,000 | 320,000 | 324,000 | 1,258,000 | 324,000 | 227,000 | 602,000 | 742,000 | 338,000 | 361,000 | 402,000 | 740,000 | 1,821,000 | 251,000 | 247,000 | 247,000 | 489,000 | 551,000 | 504,000 | 634,000 | 485,000 | 128,000 | 127,000 | 325,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease/(increase) in restricted cash | 5,387,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the issuance of common stock | 1,017,000 | 609,000 | 4,456,000 | 3,172,000 | 422,000 | -34,000 | 0 | 651,000 | 130,000 | 99,000 | 1,008,000 | 387,000 | 0 | 68,000 | 55,000 | 1,612,000 | 136,000 | 0 | 23,000 | 2,000 | 12,000 | 822,000 | 96,000 | 109,000 | 95,000 | 643,000 | 111,000 | 1,291,000 | 496,000 | 46,000 | 392,000 | 145,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of treasury stock | -572,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for income taxes | 3,403,000 | 9,741,000 | 25,054,000 | 15,154,000 | 9,839,000 | 12,221,000 | 12,905,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivable from employees for stock option exercise | 29,000 | 135,000 | 916,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution to noncontrolling interest | 0 | -1,998,000 | -1,998,000 | -1,599,000 | -1,997,000 | -3,696,000 | 0 | -1,499,000 | -1,498,000 | -2,997,000 | 0 | -1,498,000 | -1,498,000 | -1,499,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of noncontrolling interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non cash investing and financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt issuance costs | 0 | 32,000 | 31,000 | 62,000 | 113,000 | 12,000 | 299,000 | 132,000 | 114,000 | 143,000 | 83,000 | 256,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepayment and other | -3,356,000 | 3,784,000 | -3,975,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of treasury shares | -2,892,000 | -6,593,000 | 0 | 0 | -7,569,000 | -1,301,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalent at beginning of period | 0 | 0 | 130,529,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalent at end of period | 14,931,000 | 37,846,000 | 80,721,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in property and equipment not paid | 7,776,000 | 3,667,000 | 11,304,000 | 10,000 | 822,000 | -2,471,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | -1,918,000 | 3,280,000 | 2,382,000 | -7,565,000 | -3,416,000 | -5,846,000 | 23,637,000 | -10,022,000 | 13,404,000 | -1,333,000 | 8,158,000 | 3,468,000 | 41,000 | -10,666,000 | 9,806,000 | 1,127,000 | 1,851,000 | 977,000 | -7,050,000 | 436,000 | 4,420,000 | -651,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs capitalized | -1,722,000 | -14,000 | -114,000 | 82,000 | -289,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposal of assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dry hole costs | 11,354,000 | 3,940,000 | 4,896,000 | 34,436,000 | 0 | 96,000 | -3,000 | 2,479,000 | -121,000 | 0 | 251,000 | 795,000 | 594,000 | 12,138,000 | 19,846,000 | 3,019,000 | -201,000 | 0 | 6,399,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable, accrued liabilities and other liabilities | 328,000 | 2,389,000 | 2,054,000 | -2,340,000 | -12,947,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | -369,000 | 308,000 | -818,000 | -33,000 | -279,000 | 367,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash transactions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment reduction as the result of changes in asset retirement cost estimates | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non cash transactions | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment reductions as the result in changes in asset retirement cost estimates | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided (used) by operating activities | -8,969,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non cash flow information | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment additions incurred during period but not paid at period end | 11,777,000 | 12,542,000 | 566,000 | 5,215,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of rights agreement | -1,000 | 1,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest distibution declared during the period but not paid at period end | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reimbursement of property and equipment expenditures by partner | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | 584,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
funds in escrow | 31,000 | 343,000 | 3,546,000 | 77,000 | -45,000 | -183,000 | -266,000 | -4,925,000 | -2,520,000 | 0 | -2,000 | -8,000 | -4,000 | -9,000 | -7,000 | -14,770,000 | -6,000 | -6,000 | 1,125,000 | -2,548,000 | -11,000 | -2,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of rights plan | 0 | 5,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivable from employee for stock option exercise | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax asset | 86,000 | 0 | 0 | 22,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes payable | 0 | 0 | 0 | -200,000 | -500,000 | 0 | 700,000 | -20,000 | -360,000 | 380,000 | -140,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in funds in escrow | -43,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in funds in escrow | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non cash investing and financing activity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interest distribution declared during the period but not paid at period end | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution to minority interest | -1,499,000 | -1,499,000 | -1,998,000 | -1,498,000 | -1,499,000 | -999,000 | -999,000 | -999,000 | -999,000 | -999,000 | -999,000 | -999,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in earnings of subsidiary | 860,000 | 1,554,000 | 1,328,000 | 1,432,000 | 1,434,000 | 640,000 | 878,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to property and equipment | -9,677,000 | -11,060,000 | -3,128,000 | -1,840,000 | -4,809,000 | -1,939,000 | -1,740,000 | -6,032,000 | -14,981,000 | -9,786,000 | -5,059,000 | -3,418,000 | -7,459,000 | -1,157,000 | -483,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other—net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in investment in property and equipment not paid | 6,131,000 | 6,492,000 | -64,000 | 548,000 | -342,000 | -3,925,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in earnings of subsidiaries | 2,697,000 | 1,953,000 | 1,064,000 | 1,206,000 | 577,000 | 1,208,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non cash flow information change in investment in property and equipment not paid | 197,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury stock purchase | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of preferred stock and warrants | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance and commitment costs capitalized | -115,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on asset sales | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable discontinued operations | -382,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations transaction expense | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non cash flow information investment in property and equipment not paid | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings/debt repayment | 3,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non cash compensation expense | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt discount | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative effect of accounting change | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in assets and liabilities that provided (used) cash: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from deferred income taxes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
funds in escrow—net | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to property and equipment—successful efforts method | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net used in financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flows information: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of assets |