| Schedule of Disaggregation of Revenue |
The following table presents revenues from contracts with customers as well as revenues associated with the obligations under the Etame PSC. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Revenues from customer contracts: | (in thousands) | Sales under the COSPA or COSMA(1) | $ | 101,142 | | | $ | 65,984 | | | $ | 100,974 | | | $ | 97,434 | | | Gabonese government share of Profit Oil | 2,201 | | | 1,980 | | | 26,738 | | | 30,394 | | | Carried interest recoupment | 4,241 | | | 65 | | | 4,241 | | | 65 | | | Royalties and other | (15,786) | | | (9,462) | | | (18,754) | | | (17,139) | | | Net revenues | $ | 91,798 | | | $ | 58,567 | | | $ | 113,199 | | | $ | 110,754 | |
(1) Crude oil sales and purchase agreements (“COSPAs”) or crude oil sales and marketing agreements (“COSMA” or “COSMAs”). The following table presents revenues in Egypt from contracts with customers: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Revenues from customer contracts: | (in thousands) | | Gross sales | $ | 86,356 | | | $ | 55,188 | | | $ | 152,766 | | | $ | 112,844 | | | Royalties | (42,748) | | | (21,752) | | | (70,058) | | | (45,339) | | | Selling costs | (240) | | | (179) | | | (424) | | | (328) | | | Net revenues | $ | 43,368 | | | $ | 33,257 | | | $ | 82,284 | | | $ | 67,177 | |
The following table presents revenues in Côte d’Ivoire from contracts with customers: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Revenues from customer contracts: | (in thousands) | | Sales under the sales and purchase agreements | $ | — | | | $ | 353 | | | $ | — | | | $ | 16,527 | | | Côte d’Ivoire government share of Profit Oil taken in-kind | — | | | — | | | — | | | 1,869 | | | Net revenues | $ | — | | | $ | 353 | | | $ | — | | | $ | 18,396 | |
For the three and six months ended June 30, 2026 and 2025, our revenue concentration by major customers is shown in the table below. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Gabon | 100% | | 100% | | 100% | | 100% | | Egypt | 100% | | 100% | | 100% | | 100% | | Côte d’Ivoire | —% | | 100% | | —% | | 100% | | Canada | —% | | 59%, 17% and 11% | | 47%, 16% and 14% | | 55%, 20% and 15% |
|