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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 51,308 $ 145,342
Restricted cash 18,474 92
Accounts receivable 35,573 29,217
Marketable securities 5,362 6,250
Inventory 10,690 19,056
Taxes receivable 34,712 28,635
Other current assets 5,992 5,848
Total Current Assets 162,111 234,440
Oil and Gas Properties    
Proved 472,062 469,589
Unproved 373,899 310,771
Total Oil and Gas Properties 845,961 780,360
Other capital assets 8,229 8,633
Total Property, Plant and Equipment 854,190 788,993
Other Long-Term Assets    
Restricted cash 6,414 3,317
Taxes receivable 8,978 8,276
Other long-term assets 13,998 8,511
Goodwill 102,581 102,581
Total Other Long-Term Assets 131,971 122,685
Total Assets 1,148,272 1,146,118
Current Liabilities    
Accounts payable and accrued liabilities 77,303 70,778
Taxes payable 943 1,067
Asset retirement obligation 3,255 2,146
Total Current Liabilities 81,501 73,991
Long-Term Liabilities    
Deferred tax liabilities 30,880 34,592
Asset retirement obligation 43,205 31,078
Other long-term liabilities 8,096 4,815
Total Long-Term Liabilities $ 82,181 $ 70,485
Contingencies
Shareholders’ Equity    
Common Stock (287,657,518 and 273,442,799 shares of Common Stock and 8,514,066 and 8,572,066 exchangeable shares, par value $0.001 per share, issued and outstanding as at March 31, 2016, and December 31, 2015, respectively) $ 10,199 $ 10,186
Additional paid in capital 1,047,830 1,019,863
Deficit (73,439) (28,407)
Total Shareholders’ Equity 984,590 1,001,642
Total Liabilities and Shareholders’ Equity $ 1,148,272 $ 1,146,118