Current report filing

Consolidated Statements Of Operations

v2.4.0.8
Consolidated Statements Of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 12 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:          
Oil and condensate sales $ 53,080 $ 64,004 $ 242,708 $ 222,025 $ 121,350
Gas sales 1,466 613 3,225 3,838 3,468
Natural gas liquid sales 324 806 2,668 3,090 2,818
Other income (expense) 130 38 325 301 285
Total Revenues 55,000 65,461 248,926 229,254 127,921
Costs and expenses:          
Lease operating expenses 5,172 5,849 24,308 20,897 17,614
Production taxes 7,287 7,769 29,400 26,333 13,966
Depreciation, depletion, and amortization 22,583 21,395 90,749 62,320 38,907
General and administrative 4,412 3,009 13,808 8,074 6,063
Accretion expense 175 176 698 666 617
Gain on sale of asset 427 0 (7,300) 0 0
Total Costs and Expenses 40,056 38,198 151,663 118,290 77,167
INCOME FROM OPERATIONS 14,944 27,263 97,263 110,964 50,754
OTHER (INCOME) EXPENSE:          
Interest Expense 3,479 153 7,458 1,400 2,761
Interest income (79) (27) (72) (186) (387)
(Income) loss from equity method investments (61,210) 268 (8,322) 1,418 977
Total Other (Income) Expense (57,810) 394 (936) 2,632 3,351
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 72,754 26,869 98,199 108,332 47,403
INCOME TAX EXPENSE (BENEFIT) 28,195 0 26,363 (90) 40
INCOME (LOSS) FROM CONTINUING OPERATIONS 44,559 26,869 71,836 108,422 47,363
DISCONTINUED OPERATIONS          
Loss on disposal of Belize properties, net of tax     3,465 0 0
NET INCOME $ 44,559 $ 26,869 $ 68,371 $ 108,422 $ 47,363
NET INCOME PER COMMON SHARE:          
Basic net income from continuing operations per share (usd per share) $ 0.61 $ 0.48 $ 1.28 $ 2.22 $ 1.08
Basic net income from discontinued operations, net of tax, per share (usd per share)     $ (0.06) $ 0.00 $ 0.00
Basic net income per share (usd per share)   $ 0.48 $ 1.22 $ 2.22 $ 1.08
Diluted net income from continuing operations per share (usd per share) $ 0.61 $ 0.48 $ 1.27 $ 2.20 $ 1.07
Diluted net income from discontinued operations, net of tax, per share (usd per share)     $ (0.06) $ 0.00 $ 0.00
Diluted (usd per share)   $ 0.48 $ 1.21 $ 2.20 $ 1.07
Weighted average common shares outstanding - Basic (shares) 72,830,215 55,626,208 55,933,354 48,754,840 43,863,190
Weighted average common shares outstanding-Diluted (shares) 73,334,848 56,247,609 56,417,488 49,206,963 44,256,092