XML 18 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net loss $ (2,253) $ (5,733)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Deferred tax expense (benefit) 106 (189)
Depreciation, depletion and amortization 12,528 12,958
Accretion of asset retirement obligation 240 1,100
Share-based compensation expense 593 825
Amortization costs and other 402 450
Non-cash interest expense on PIK Notes 2,961 11,179
Payments to settle asset retirement obligations (75) (1,357)
Changes in working capital accounts:    
Revenue receivable 7,480 689
Joint interest billing receivable 4,078 2,239
Accounts payable and accrued liabilities (24,104) (8,368)
Advances from co-owners (1,117) 2,215
Deposit for surety bonds (4,000) 0
Other 242 (2,314)
Net cash (used in) provided by operating activities (2,919) 13,694
Cash flows used in investing activities:    
Investment in oil and gas properties (9,785) (21,661)
Investment in other property and equipment (136) (37)
Sale of oil and gas properties (2,428) 2,207
Sale of unevaluated oil and gas properties 2,928 0
Net cash used in investing activities (9,421) (19,491)
Cash flows provided by (used in) financing activities:    
Net proceeds from share based compensation 43 32
Deferred financing costs (55) (125)
Redemption of 2017 Notes 0 (22,650)
Costs incurred to redeem 2021 Notes (11) 0
Proceeds from borrowings 2,500 20,000
Net cash provided by (used in) financing activities 2,477 (2,743)
Net decrease in cash and cash equivalents (9,863) (8,540)
Cash and cash equivalents, beginning of period 15,655 28,312
Cash and cash equivalents, end of period 5,792 19,772
Cash paid during the period for:    
Interest $ 3,304 $ 3,743