Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 1,172 $ 3,012
Accounts receivable 26,951 20,586
Deferred tax asset 5,846 3,843
Other current assets 1,798 2,123
Total current assets 35,767 29,564
Oil and natural gas properties, full-cost accounting method:    
Evaluated properties 1,844,691 1,701,577
Less accumulated depreciation, depletion and amortization (1,444,169) (1,420,612)
Net oil and natural gas properties 400,522 280,965
Unevaluated properties 36,957 43,222
Total oil and natural gas properties 437,479 324,187
Other property and equipment, net 7,388 7,255
Restricted investments 3,806 3,806
Deferred tax asset 50,421 57,765
Other assets, net 5,057 1,376
Total assets 539,918 423,953
Current liabilities:    
Accounts payable and accrued liabilities 61,028 53,464
Market-based restricted stock unit awards 6,683 4,173
Asset retirement obligations 2,846 4,120
Fair market value of derivatives 5,306 1,036
Total current liabilities 75,863 62,793
13% Senior Notes:    
long term debt 166,500 70,481
Total 13% Senior Notes   53,748
Asset retirement obligations 2,752 2,612
Market-based restricted stock unit awards 10,717 3,409
Other long-term liabilities 1,497 297
Total liabilities 257,329 144,859
Stockholders' equity:    
Preferred stock, series A cumulative, $0.01 par value and $50.00 liquidation preference, 2,500,000 shares authorized: 1,578,948 and 1,578,948 shares outstanding, respectively 16 16
Common stock, $0.01 par value, 110,000,000 and 60,000,000 shares authorized; 40,785,751 and 40,345,456 shares outstanding, respectively 408 404
Capital in excess of par value 402,375 401,540
Retained deficit (120,210) (122,866)
Total stockholders' equity 282,589 279,094
Total liabilities and stockholders' equity 539,918 423,953
13% Senior Notes due 2016 [Member]
    
13% Senior Notes:    
long term debt   48,481
Deferred credit, net of accumulated amortization of $0 and $26,239, respectively   5,267
Senior Secured Revolving Credit Facility [Member]
    
13% Senior Notes:    
Credit facility 84,000 22,000
Second Lien Term Loan Facility [Member]
    
13% Senior Notes:    
long term debt 82,500  
Credit facility $ 82,500