ASSETS |
Cash and cash equivalents |
Restricted cash |
147K |
Accounts receivable, related parties |
Accounts receivable, Customers and other |
14.06M |
State production credits receivable |
Inventory |
3.7M |
Prepaid expenses |
Current portion of derivative asset |
Total Current Assets |
119.98M |
Oil and Gas Properties |
Cost |
Less accumulated depletion |
Oil and gas properties, net |
Equipment |
Cost |
Less accumulated depreciation and amortization |
Equipment, net |
51.69M |
Other Long-Term Assets |
Land |
15K |
Restricted cash, non-current |
15.09M |
Deferred financing costs, net of accumulated amortization |
Other assets |
667K |
Total other long-term Assets |
TOTAL ASSETS |
392.56M |
LIABILITIES AND EQUITY |
Accounts payable |
Accrued expenses |
11.64M |
Current portion of derivative liability |
Current portion of borrowings under credit facility |
Total Current Liabilities |
109.14M |
LONG-TERM LIABILITIES |
Deferred income taxes |
6.9M |
Asset retirement obligation |
24.59M |
Non-current portion of derivative liability |
Total Long-term Liabilities |
Total Liabilities |
336.91M |
STOCKHOLDERS' EQUITY |
Common stock, par value $0.0001 per share (500,000,000 shares authorized, 40,749,251 and 39,880,251 shares issued as of July 31, 2011 and April 30, 2011, respectively) |
5K |
Additional paid-in capital |
110.69M |
Retained earnings |
-186.88M |
Total Stockholders' Equity |
TOTAL LIABILITIES AND EQUITY |
392.56M |