Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Cash Flows

v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net income $ 26,869,000 $ 21,174,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Accretion of discount-Asset Retirement Obligation 176,000 159,000
Depletion, depreciation and amortization 21,395,000 12,158,000
Stock-based compensation expense 681,000 77,000
Loss from equity investments 268,000 316,000
Interest income-note receivable   (36,000)
Unrealized loss on derivative instruments 266,000  
Amortization of loan commitment fees 112,000 110,000
Changes in operating assets and liabilities:    
Increase in accounts receivable (1,718,000) (5,419,000)
Increase in accounts receivable - related party (463,000) (160,000)
(Increase) decrease in prepaid expenses (57,000) 618,000
Increase (decrease) in accounts payable and accrued liabilities 22,431,000 (709,000)
Settlement of asset retirement obligation (531,000)  
Net cash provided by operating activities 69,429,000 28,288,000
Cash flows from investing activities:    
Additions to other property, plant and equipment (82,000) (13,000)
Additions to oil and gas properties (84,778,000) (33,285,000)
Proceeds from sale of other property, plant and equipment 140,000  
Proceeds from sale of oil and gas properties   1,384,000
Advances on note receivable to related party   (1,319,000)
Net cash used in investing activities (160,399,000) (39,006,000)
Cash flows from financing activities:    
Principal payments on borrowings (33,000) (54,531,000)
Borrowings on line of credit 10,000,000 5,000,000
Loan commitment fees (1,000)  
Proceeds from issuance of common stock, net of offering costs, and exercise of stock options   84,607,000
Net cash provided by financing activities 9,966,000 35,076,000
Net (decrease) increase in cash and cash equivalents (81,004,000) 24,358,000
Cash and cash equivalents at beginning of period 93,897,000 2,468,000
Cash and cash equivalents at end of period 12,893,000 26,826,000
Supplemental disclosure of cash flow information:    
Interest payments 5,000 675,000
Income tax payments 180,000  
Supplemental disclosure of non-cash transactions:    
Capitalized stock based compensation 454,000 51,000
Asset retirement obligation capitalized 598,000 174,000
Foreign currency translation gain (loss) on investment in Grizzly Oil Sands ULC 939,000 706,000
Foreign currency translation gain (loss) on note receivable-related party   463,000
Grizzly Oil Sands ULC [Member]
    
Cash flows from investing activities:    
Contributions to investment in (67,063,000) (4,878,000)
Tatex Thailand II, LLC [Member]
    
Cash flows from investing activities:    
Distribution from investment in 200,000  
Tatex Thailand III, LLC [Member]
    
Cash flows from investing activities:    
Contributions to investment in (483,000) (895,000)
Muskie Holdings LLC [Member]
    
Cash flows from investing activities:    
Contributions to investment in (312,000)  
Timber Wolf Terminals LLC [Member]
    
Cash flows from investing activities:    
Contributions to investment in (1,000,000)  
Windsor Midstream LLC [Member]
    
Cash flows from investing activities:    
Contributions to investment in $ (7,021,000)