SEGMENT INFORMATION (Tables)

Segment activity of continuing operations for the three months ended March 31, 2026 and 2025, as well as long-lived assets and segment assets at March 31, 2026 and December 31, 2025 are as follows:


	Three Months Ended March 31, 2026
(in thousands)	Gabon		Egypt		Canada		Equatorial Guinea		Côte d'Ivoire		Corporate and Other		Total
Revenues:
Crude oil, natural gas and natural gas liquids sales	$	21,401	$	38,916	$	2,282	$	—	$	—	$	—	$	62,599
Operating costs and expenses:
Production expense	10,334		14,602		2,041		262		1,140		—		28,379
Exploration expense	22,186		—		—		—		208		—		22,394
Depreciation, depletion and amortization	8,246		8,695		35		—		910		326		18,212
Loss on asset divestment	—		—		1,304		—		—		(102)		1,202
General and administrative expense	656		58		1		61		627		6,873		8,276
Credit losses and other	—		—		22		249		—		—		271
Total operating costs and expenses	41,422		23,355		3,403		572		2,885		7,097		78,734

Operating income (loss)	(20,021)		15,561		(1,121)		(572)		(2,885)		(7,097)		(16,135)
Other income (expense):
Derivative instruments loss, net	—		—		—		—		—		(70,581)		(70,581)
Interest income (expense), net	(728)		3		—		—		(720)		(254)		(1,699)

Other income (expense), net	(571)		(456)		(6)		(1)		93		(93)		(1,034)
Total other expense, net	(1,299)		(453)		(6)		(1)		(627)		(70,928)		(73,314)
Income (loss) before income taxes	(21,320)		15,108		(1,127)		(573)		(3,512)		(78,025)		(89,449)
Income tax (benefit) expense	(2,377)		8,157		—		—		(6,779)		5,314		4,315
Net income (loss)	$	(18,943)	$	6,951	$	(1,127)	$	(573)	$	3,267	$	(83,339)	$	(93,764)
Consolidated capital expenditures	$	22,515	$	1,767	$	128	$	145	$	48,766	$	222	$	73,543


	Three Months Ended March 31, 2025
(in thousands)	Gabon		Egypt		Canada		Equatorial Guinea		Côte d'Ivoire		Corporate and Other		Total
Revenues:
Crude oil, natural gas and natural gas liquids sales	$	52,187	$	33,920	$	6,180	$	—	$	18,042	$	—	$	110,329
Operating costs and expenses:
Production expense	24,323		12,001		2,123		300		6,059		—		44,806

Depreciation, depletion and amortization	11,421		8,051		3,390		—		7,420		23		30,305
General and administrative expense	245		41		(8)		64		626		8,083		9,051
Credit losses (recovery) and other	(338)		—		—		311		—		—		(27)
Total operating costs and expenses	35,651		20,093		5,505		675		14,105		8,106		84,135

Operating income (loss)	16,536		13,827		675		(675)		3,937		(8,106)		26,194
Other income (expense):
Derivative instruments loss, net	—		—		—		—		—		(74)		(74)
Interest (expense) income, net	(1,036)		(244)		—		—		108		(123)		(1,295)

Other income (expense), net	(632)		4		(32)		(4)		(177)		(171)		(1,012)
Total other expense, net	(1,668)		(240)		(32)		(4)		(69)		(368)		(2,381)
Income (loss) before income taxes	14,868		13,587		643		(679)		3,868		(8,474)		23,813
Income tax expense (benefit)	8,888		5,187		—		—		(4,095)		6,103		16,083
Net income (loss)	$	5,980	$	8,400	$	643	$	(679)	$	7,963	$	(14,577)	$	7,730
Consolidated capital expenditures	$	7,106	$	6,247	$	1,307	$	253	$	36,420	$	(19)	$	51,314


(in thousands)	Gabon		Egypt		Canada(a)		Equatorial Guinea		Côte d'Ivoire		Corporate and Other		Total
Long-lived assets:
As of March 31, 2026	$	190,985	$	131,911	$	—	$	11,393	$	303,072	$	4,419	$	641,780
As of December 31, 2025	$	177,030	$	138,839	$	—	$	11,248	$	254,307	$	4,671	$	586,095

(a) At December 31, 2025, the Company classified $31.8 million of net Crude oil, natural gas and NGLs properties as “Noncurrent Assets held for sale” on the Consolidated Balance Sheet.


(in thousands)	Gabon		Egypt		Canada		Equatorial Guinea		Côte d'Ivoire		Corporate and Other		Total
Total assets:
As of March 31, 2026	$	356,153	$	165,612	$	1,878	$	13,973	$	334,182	$	48,864	$	920,662
As of December 31, 2025	$	315,787	$	182,023	$	35,982	$	13,631	$	283,768	$	82,184	$	913,375