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
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 7,193 $ 3,012
Accounts receivable 27,923 20,586
Deferred tax asset 3,321 3,843
Fair value of derivatives 4,842 60
Other current assets 1,260 2,063
Total current assets 44,539 29,564
Oil and natural gas properties, full-cost accounting method:    
Evaluated properties 1,894,803 1,701,577
Less accumulated depreciation, depletion and amortization (1,460,271) (1,420,612)
Net oil and natural gas properties 434,532 280,965
Unevaluated properties 40,445 43,222
Total oil and natural gas properties 474,977 324,187
Other property and equipment, net 7,033 7,255
Restricted investments 3,802 3,806
Deferred tax asset 45,952 57,765
Acquisition deposit 10,629  
Other assets, net 5,294 1,376
Total assets 592,226 423,953
Current liabilities:    
Accounts payable and accrued liabilities 50,491 53,464
Market-based restricted stock unit awards 5,668 4,173
Asset retirement obligations 5,138 4,120
Fair market value of derivatives 465 1,036
Total current liabilities 61,762 62,793
13% Senior Notes:    
long term debt 102,500 70,481
Total 13% Senior Notes   53,748
Asset retirement obligations 1,281 2,612
Market-based restricted stock unit awards 9,841 3,409
Other long-term liabilities 1,091 297
Total liabilities 176,475 144,859
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; 55,218,827 and 40,345,456 shares outstanding, respectively 552 404
Capital in excess of par value 525,166 401,540
Accumulated deficit (109,983) (122,866)
Total stockholders' equity 415,751 279,094
Total liabilities and stockholders' equity 592,226 423,953
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 20,000 22,000
Secured second lien term loan [Member]
   
13% Senior Notes:    
long term debt $ 82,500