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SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company’s operations are based in Gabon, Egypt, Côte d'Ivoire, Canada, Nigeria and Equatorial Guinea. Each of the reportable operating segments are organized and managed based upon geographic location. The Company’s Chief Executive Officer, who is the chief operating decision maker (“CODM”), evaluates segment performance based on the operation of each geographic segment separately primarily based on Operating income (loss) and allocates financial and capital resources for each segment predominantly in the annual budget and forecasting process. The CODM also considers budget-to-actual variances on a quarterly basis for the performance measure when making decisions about allocating capital and personnel to the segments.

The operations of all segments include exploration for and production of hydrocarbons where commercial reserves have been found and developed. Revenues are based on the location of hydrocarbon production. Corporate and other is primarily corporate and operations support costs that are not allocated to the reportable operating segments and are shown in the tables to reconcile the business segments to consolidated totals. No transactions occurred between operating segments. “Other operating income (expense)” below are those items that are included in Net income (loss) but are not regularly provided to the CODM, or are reported to the CODM but are not considered to be significant segment expenses.

Segment activity of continuing operations for the three and nine months ended September 30, 2025 and 2024, as well as long-lived assets and segment assets at September 30, 2025 and December 31, 2024 are as follows:
Three Months Ended September 30, 2025
(in thousands)GabonEgyptCanadaEquatorial GuineaCôte d'IvoireCorporate and OtherTotal
Revenues: 
Crude oil, natural gas and natural gas liquids sales$21,271 $35,696 $4,040 $— $— $— $61,007 
Operating costs and expenses:
Production expense12,092 13,767 1,922 587 1,504 — 29,872 
Exploration expense167 — — — 186 — 353 
Depreciation, depletion and amortization7,145 9,308 2,832 — 861 409 20,555 
General and administrative expense779 296 46 63 572 7,089 8,845 
Credit losses and other196 — — 288 — — 484 
Total operating costs and expenses20,379 23,371 4,800 938 3,123 7,498 60,109 
Operating income (loss)892 12,325 (760)(938)(3,123)(7,498)898 
Other income (expense):       
Derivative instruments loss, net— — — — — (1,093)(1,093)
Interest expense, net(809)(184)— — (1,085)(255)(2,333)
Other income (expense), net(154)80 (60)3 242 (78)33 
Total other income (expense), net(963)(104)(60)3 (843)(1,426)(3,393)
Income (loss) before income taxes(71)12,221 (820)(935)(3,966)(8,924)(2,495)
Income tax (benefit) expense(3,902)5,671 — — (5,077)(288)(3,596)
Net income (loss)3,831 6,550 (820)(935)1,111 (8,636)1,101 
Consolidated capital expenditures$14,074 $7,113 $490 $(61)$33,484 $309 $55,409 

Nine Months Ended September 30, 2025
(in thousands)GabonEgyptCanadaEquatorial GuineaCôte d'IvoireCorporate and OtherTotal
Revenues: 
Crude oil, natural gas and natural gas liquids sales$132,026 $102,873 $14,935 $— $18,396 $— $268,230 
Operating costs and expenses: 
Production expense59,746 38,898 6,533 1,274 8,618 1 115,070 
Exploration expense167 — — — 2,706 — 2,873 
Depreciation, depletion and amortization33,239 26,579 9,382 — 9,249 684 79,133 
General and administrative expense1,224 399 77 212 1,435 23,046 26,393 
Credit (recovery) losses and other(440)— — 925 — — 485 
Total operating costs and expenses93,936 65,876 15,992 2,411 22,008 23,731 223,954 
Operating income (loss)38,090 36,997 (1,057)(2,411)(3,612)(23,731)44,276 
Other income (expense):       
Derivative instruments loss, net— — — — — (767)(767)
Interest expense, net(2,680)(608)— — (2,373)(538)(6,199)
Other income (expense), net(917)141 338 (2)181 (369)(628)
Total other income (expense), net(3,597)(467)338 (2)(2,192)(1,674)(7,594)
Income (loss) before income taxes34,493 36,530 (719)(2,413)(5,804)(25,405)36,682 
Income tax (benefit) expense10,341 14,201 — — (15,312)10,240 19,470 
Net income (loss)$24,152 $22,329 $(719)$(2,413)$9,508 $(35,645)$17,212 
Consolidated capital expenditures$30,379 $20,954 $2,006 $499 $93,425 $326 $147,589 
Three Months Ended September 30, 2024
(in thousands)GabonEgyptCanadaEquatorial GuineaCote d'IvoireCorporate and OtherTotal
Revenues:
Crude oil, natural gas and natural gas liquids sales$47,608 $34,544 $8,387 $— $49,795 $— $140,334 
Operating costs and expenses:
Production expense13,932 12,477 3,015 195 12,701 4 42,324 
Exploration expense— — — — — — — 
Depreciation, depletion and amortization12,796 8,729 6,106 — 19,184 216 47,031 
General and administrative expense241 (79)(4)62 1,061 5,648 6,929 
Credit losses and other— — — 69 — — 69 
Total operating costs and expenses26,969 21,127 9,117 326 32,946 5,868 96,353 
Other operating income, net— — 102 — — — 102 
Operating income (loss)20,639 13,417 (628)(326)16,849 (5,868)44,083 
Other income (expense):
Derivative instruments gain (loss), net— — — — (169)379 210 
Interest (expense) income, net(964)(360)— — 2,029 (1,293)(588)
Bargain Purchase Gain— — — — — — — 
Other income (expense), net(72)(101)669 (4)(37)(597)(141)
Total other income (expense), net(1,036)(461)670 (4)1,823 (1,511)(519)
Income (loss) before income taxes19,603 12,956 42 (330)18,672 (7,379)43,564 
Income tax expense12,932 3,613 — — 8,454 7,575 32,574 
Net income (loss)$6,671 $9,343 $42 $(330)$10,218 $(14,953)$10,990 
Consolidated capital expenditures $8,859 $1,698 $3,014 $38 $11,158 $1,839 26,606 
Nine Months Ended September 30, 2024
(in thousands)GabonEgyptCanadaEquatorial GuineaCôte d'IvoireCorporate and OtherTotal
Revenues: 
Crude oil, natural gas and natural gas liquids sales$158,786 $106,986 $24,460 $— $67,035 $— $357,267 
Operating costs and expenses:
Production expense49,131 38,652 8,753 712 29,606 5 126,859 
Exploration expense— 48 — — — — 48 
Depreciation, depletion and amortization39,591 25,481 15,297 — 25,233 385 105,987 
General and administrative expense1,194 297 (119)233 1,185 18,440 21,230 
Credit losses and other20 4,812 — 390 — — 5,222 
Total operating costs and expenses89,936 69,290 23,931 1,335 56,024 18,830 259,346 
Other operating income (expense), net(34)— 102 — — — 68 
Operating income (loss)68,816 37,696 631 (1,335)11,011 (18,830)97,989 
Other income (expense):
Derivative instruments loss, net— — — — (169)(211)(380)
Interest (expense) income, net(3,439)(1,120)38 — 489 1,392 (2,640)
Bargain purchase gain— — — — — 19,898 19,898 
Other income (expense), net(303)(101)674 (2)(338)(3,856)(3,925)
Total other income (expense), net(3,742)(1,221)713 (2)(18)17,223 12,953 
Income (loss) before income taxes65,074 36,475 1,344 (1,337)10,993 (1,608)110,942 
Income tax expense38,956 19,395 — — 5,404 360 64,115 
Net income (loss)$26,118 $17,080 $1,344 $(1,337)$5,589 $(1,967)$46,827 
Consolidated capital expenditures$20,248 $7,894 $22,728 $38 $18,310 $3,840 $73,058 
(in thousands)GabonEgyptCanadaEquatorial GuineaCôte d'IvoireCorporate and OtherTotal
Long-lived assets:
As of September 30, 2025$158,534 $143,504 $101,256 $11,140 $204,546 $4,756 $623,736 
As of December 31, 2024$153,576 $149,129 $104,891 $10,641 $114,756 $5,110 $538,103 
(in thousands)GabonEgyptCanadaEquatorial GuineaCôte d'IvoireCorporate and OtherTotal
Total assets:
As of September 30, 2025$290,380 $258,128 $105,756 $13,547 $237,578 $45,044 $950,433 
As of December 31, 2024$300,568 $269,905 $113,310 $12,331 $187,264 $71,572 $954,950