Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

v2.3.0.15
Consolidated Statements Of Cash Flows (USD $)
 9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:    
Net income $ 77,448,000 $ 33,048,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Accretion of discount - Asset Retirement Obligation 491,000 461,000
Depletion, depreciation and amortization 40,606,000 26,912,000
Stock-based compensation expense 502,000 203,000
Loss from equity investments 906,000 486,000
Interest income - note receivable (117,000) (232,000)
Unrealized gain on derivative instruments (506,000)  
Deferred income tax benefit 55,000  
Amortization of loan commitment fees 383,000  
Changes in operating assets and liabilities:    
Increase in accounts receivable (7,066,000) (3,024,000)
Increase in accounts receivable - related party (1,906,000) (176,000)
Decrease in prepaid expenses 123,000 207,000
Increase in other assets   (711,000)
Increase in accounts payable and accrued liabilities 11,127,000 2,313,000
Settlements of asset retirement obligation   (1,253,000)
Net cash provided by operating activities 122,046,000 58,234,000
Cash flows from investing activities:    
Deductions to cash held in escrow 8,000 8,000
Additions to other property, plant and equipment (137,000) (330,000)
Additions to oil and gas properties (202,164,000) (72,260,000)
Proceeds from sale of oil and gas properties 1,384,000  
Advances on note receivable to related party (3,182,000) (2,957,000)
Net cash used in investing activities (230,205,000) (75,198,000)
Cash flows from financing activities:    
Principal payments on borrowings (84,600,000) (49,982,000)
Borrowings on line of credit 35,000,000 45,700,000
Loan commitment fees (674,000)  
Proceeds from issuance of common stock, net of offering costs, and exercise of stock options 178,676,000 21,595,000
Net cash provided by financing activities 128,402,000 17,313,000
Net increase in cash and cash equivalents 20,243,000 349,000
Cash and cash equivalents at beginning of period 2,468,000 1,724,000
Cash and cash equivalents at end of period 22,711,000 2,073,000
Supplemental disclosure of cash flow information:    
Interest payments 912,000 1,564,000
Supplemental disclosure of non-cash transactions:    
Capitalized stock based compensation 335,000 135,000
Asset retirement obligation capitalized 939,000 1,195,000
Foreign currency translation gain (loss) on investment in Grizzly Oil Sands ULC (2,200,000) 433,000
Foreign currency translation gain (loss) on note receivable - related party (1,085,000) 261,000
Grizzly Oil Sands ULC [Member]
    
Cash flows from investing activities:    
Contributions to investment in (17,902,000)  
Tatex Thailand II, LLC [Member]
    
Cash flows from investing activities:    
Distribution from investment in 750,000 565,000
Tatex Thailand III, LLC [Member]
    
Cash flows from investing activities:    
Contributions to investment in (2,953,000) (224,000)
Bison Drilling And Field Services LLC [Member]
    
Cash flows from investing activities:    
Contributions to investment in $ (6,009,000)