ASSETS |
Cash and cash equivalents |
6.5M |
Restricted cash |
Accounts receivable, trade and other, net of allowance |
Income taxes receivable |
Accrued oil and gas revenue |
3.71M |
Fair value of oil and natural gas derivatives |
Inventory |
5.95M |
Prepaid expenses and other |
Total current assets |
17.94M |
PROPERTY AND EQUIPMENT: |
Oil and gas properties (successful efforts method) |
975.58M |
Furniture, fixtures and equipment |
7.3M |
Gross property and equipment |
982.88M |
Less: Accumulated depletion, depreciation and amortization |
-918.85M |
Net property and equipment |
64.03M |
Fair value of oil and natural gas derivatives |
Deferred tax assets |
Deferred financing cost |
TOTAL ASSETS |
82.08M |
LIABILITIES AND STOCKHOLDERS' EQUITY |
Accounts payable |
2.67M |
Accrued liabilities |
9.56M |
Accrued abandonment costs |
83K |
Deferred tax liabilities current |
Fair value of oil and natural gas derivatives |
0 |
Current portion of debt |
39.75M |
Total current liabilities |
52.06M |
LONG-TERM DEBT |
Accrued abandonment costs |
3.85M |
Fair value of oil and natural gas derivatives |
Total liabilities |
492.78M |
Commitments and contingencies (See Note 9) |
0 |
STOCKHOLDERS' EQUITY: |
Preferred stock: 10,000,000 shares authorized: Series B convertible preferred stock, $1.00 par value, issued and outstanding 2,250,000 shares |
1.48M |
Common stock: $0.20 par value, 100,000,000 shares authorized; issued and outstanding 36,121,963 and 37,685,378 shares, respectively |
16M |
Treasury stock (74 and 12,377 shares, respectively) |
-46K |
Additional paid in capital |
1.1B |
Retained earnings (accumulated deficit) |
-1.53B |
Total stockholders' equity |
-410.7M |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
82.08M |