v2.4.0.6
Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
REVENUES:      
Oil, NGL and gas sales $ 128,892 $ 108,387 $ 57,581
EXPENSES:      
Lease operating 19,002 10,687 6,620
Production and ad valorem taxes 9,255 8,447 4,925
Exploration 4,550 9,546 2,589
Impairment   18,476 2,622
General and administrative 24,903 17,900 11,422
Depletion, depreciation and amortization 60,381 32,475 22,224
Total expenses 118,091 97,531 50,402
OPERATING INCOME 10,801 10,856 7,179
OTHER:      
Interest expense, net (4,737) (3,402) (2,189)
Equity in losses of investee (108)    
Realized (loss) gain on commodity derivatives (108) 3,375 5,784
Unrealized gain (loss) on commodity derivatives 3,874 (347) 788
Gain on sale of oil and gas properties, net of foreign currency transaction loss   248  
INCOME BEFORE INCOME TAX PROVISION 9,722 10,730 11,562
INCOME TAX PROVISION 3,338 3,488 4,100
NET INCOME $ 6,384 $ 7,242 $ 7,462
EARNINGS PER SHARE:      
Basic $ 0.18 $ 0.25 $ 0.34
Diluted $ 0.18 $ 0.25 $ 0.34
WEIGHTED AVERAGE SHARES OUTSTANDING:      
Basic 34,965,182 28,930,792 22,065,797
Diluted 35,030,323 29,158,598 22,214,070