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Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities    
Net income $ 19,280 $ 16,643
Adjustments for:    
Depletion, depreciation and amortization 15,009 7,581
Accretion 183 34
Unrealized (gain) loss on risk management contracts (1,813) (461)
Stock based compensation (Note 15) 790 277
Deferred taxes expense 3,359
Unrealized foreign exchange (gain) loss (3) 6
Amortization of loan acquisition costs 128 118
Gain on sale of assets (16)
Changes in non-cash working capital (Note 8) 1,714 (2,140)
Net cash from operating activities 38,647 22,042
Cash flows from investing activities    
Additions to property, plant and equipment (Note 9) (53,173) (37,097)
Proceeds from sale of assets 124
Change in non-cash working capital (Note 8) 3,299 7,731
Net cash used in investing activities (49,874) (29,242)
Cash flows from financing activities    
Proceeds from loans and borrowings 16,885 1,815
Repayment of loans and borrowings (5,200) (1,000)
Payments on lease liabilities (903) (54)
Proceeds from stock option exercises 6
Proceeds from rights offering, net 161
Net cash from financing activities 10,788 922
Foreign exchange effect on cash and cash equivalents (1)
Change in cash and cash equivalents (439) (6,279)
Cash and cash equivalents, beginning of year 1,037 7,316
Cash and cash equivalents, end of year 598 1,037
Supplementary information for cash flows from operating activities    
Interest paid 1,846 885
Income taxes paid