XML 14 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
OIL AND NATURAL GAS SALES (NOTE 3) $ 103,768 $ 68,539 $ 294,555 $ 197,655
EXPENSES        
Operating 27,321 25,638 78,466 62,453
Transportation 6,038 5,773 19,472 24,318
Depletion, depreciation and accretion (Note 3) 34,492 35,729 92,729 104,525
Asset impairment (Notes 3 and 4) 787 319,974 1,239 469,715
General and administrative (Note 3) 8,651 5,592 26,876 20,614
Severance 1,164 0 1,164 1,299
Transaction 0 6,088 0 7,325
Equity tax 0 0 1,224 3,053
Foreign exchange (gain) loss (1,271) (507) 779 1,059
Financial instruments loss (gain) (Note 10) 1,675 2,051 (5,211) 1,824
Interest expense (Note 5) 3,989 5,122 10,415 7,842
EXPENSES 82,846 405,460 227,153 704,027
LOSS ON SALE OF BRAZIL BUSINESS UNIT (NOTE 4) 0 0 (9,076) 0
GAIN ON ACQUISITION 0 0 0 11,712
INTEREST INCOME 301 730 954 1,928
INCOME (LOSS) BEFORE INCOME TAXES (NOTE 3) 21,223 (336,191) 59,280 (492,732)
INCOME TAX EXPENSE (RECOVERY)        
Current 4,333 3,879 13,522 11,680
Deferred 13,760 (110,451) 36,664 (166,202)
INCOME TAX EXPENSE (RECOVERY) 18,093 (106,572) 50,186 (154,522)
NET INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) $ 3,130 $ (229,619) $ 9,094 $ (338,210)
NET INCOME (LOSS) PER SHARE - BASIC AND DILUTED (in dollars per share) $ 0.01 $ (0.71) $ 0.02 $ (1.11)
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC (in shares) 394,771,194 321,725,379 397,439,007 304,098,944
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED (in shares) 394,774,953 321,725,379 397,450,637 304,098,944