XML 47 R24.htm IDEA: XBRL DOCUMENT v3.22.2

Note 1 - Organization and Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2022

Notes Tables

Schedule of Cash, Cash Equivalents and Restricted Cash [Table Text Block]

		As of June 30,
		2022				2021
		(in thousands)
Cash and cash equivalents		$	53,062			$	22,884
Restricted cash - current			216				83
Restricted cash - non-current			1,752				1,752
Abandonment funding			20,091				22,837
Total cash, cash equivalents and restricted cash		$	75,121			$	47,556

Accounts Receivable, Allowance for Credit Loss [Table Text Block]

		Three Months Ended June 30,								Six Months Ended June 30,
		2022				2021				2022				2021
		(in thousands)
Allowance for bad debt
Balance at beginning of period		$	(6,135	)		$	(5,092	)		$	(5,741	)		$	(2,273	)
Bad debt charge, net of receipts			(571	)			(395	)			(1,063	)			(496	)
Adjustment associated with Sasol Acquisition			—				—				—				(2,879	)
Foreign currency gain (loss)			317				(88	)			415				73
Balance at end of period		$	(6,389	)		$	(5,575	)		$	(6,389	)		$	(5,575	)

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

			As of June 30, 2022
	Balance Sheet Line		Level 1				Level 2				Level 3				Total
			(in thousands)
Liabilities
SARs liability	Accrued liabilities and other		$	—			$	1,049			$	—			$	1,049
Derivative liability - crude oil swaps	Accrued liabilities and other			—				12,547				—				12,547
			$	—			$	13,596			$	—			$	13,596

			As of December 31, 2021
	Balance Sheet Line		Level 1				Level 2				Level 3				Total
			(in thousands)
Liabilities
SARs liability	Accrued liabilities and other		$	—			$	609			$	—			$	609
Derivative liability - crude oil swaps	Accrued liabilities and other			—				4,806				—				4,806
			$	—			$	5,415			$	—			$	5,415

X

- Definition

Tabular disclosure of cash, cash equivalents and restricted cash.

+ References

No definition available.

+ Details

Name:	egy_ScheduleOfCashCashEquivalentsAndRestrictedCashTableTextBlock
Namespace Prefix:	egy_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allowance for credit loss on accounts receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447

+ Details

Name:	us-gaap_AccountsReceivableAllowanceForCreditLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_TableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration