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ACQUISITION (Tables)
 9 Months Ended
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
April 30, 2024
(in thousands)
Purchase Consideration 
Cash$40,166 
Total purchase consideration$40,166 
 
April 30, 2024
(in thousands)
Assets acquired: 
Cash and cash equivalents$31,789 
Other receivables, net830 
Crude oil inventory14,981 
Prepayments and other409 
Crude oil, natural gas and NGLs properties and equipment, net100,188 
Restricted cash8,788 
Other LT receivables33 
Deferred tax asset28,153 
Total assets acquired185,171 
Liabilities assumed: 
Accounts payable(2,506)
State oil liability(19,447)
Accrued tax settlement(8,788)
Accrued accounts payable invoices(21,692)
Accrued liabilities and other(19,083)
Asset retirement obligations(15,694)
Deferred tax liability(37,897)
Total liabilities acquired(125,107)
Bargain purchase gain(19,898)
Total purchase price$40,166 
Schedule of Post Acquisition Operating Results The table below summarizes amounts contributed by the Cote d’Ivoire assets acquired in the Svenska Acquisition to the Company's consolidated results for the period from April 30, 2024 through September 30, 2024.
April 30, 2024 through September 30, 2024
(in thousands)
Crude oil, natural gas and natural gas liquids sales$67,035 
Net income$5,589 
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
(in thousands)(in thousands)
Pro forma (unaudited)
Crude oil, natural gas and natural gas liquids sales$140,334 $167,634 $388,792 $437,181 
Operating income$44,083 $54,759 $82,174 $139,595 
Net income (loss) (a)
$10,990 $10,976 $20,306 $43,158 
     
Basic net income (loss) per share:    
Income (loss) from continuing operations$10,990 $10,976 $20,306 $43,158 
Net income (loss) per share$0.11 $0.10 $0.20 $0.40 
Basic weighted average shares outstanding$103,743 $106,289 $103,644 $106,876 
Diluted net income (loss) per share:    
Income (loss) from continuing operations$10,990 $10,976 $20,306 $43,158 
Net income (loss) per share$0.11 $0.10 $0.20 $0.40 
Diluted weighted average shares outstanding$103,842 $106,433 $103,728 $107,072 
(a)The unaudited pro forma net income (loss) for the nine months ended September 30, 2024 excludes a nonrecurring pro forma adjustment directly attributable to the Svenska Acquisition, consisting of a bargain purchase gain of $19.9 million.