| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
OPERATING | ||||||
Net loss for the year | ||||||
-78,736 | -87,665 | |||||
Adjustments for: | ||||||
Depletion, depreciation and amortization | ||||||
40,036 | 29,177 | |||||
Accretion | ||||||
256 | 0 | |||||
Deferred lease inducement | ||||||
91 | 95 | |||||
Impairment of exploration and evaluation assets | ||||||
79,025 | 33,426 | |||||
Stock-based compensation | ||||||
1,478 | 2,418 | |||||
Finance costs | ||||||
6,233 | 6,068 | |||||
Income tax expense | ||||||
21,819 | 12,446 | |||||
Loss on financial instruments | ||||||
8,121 | 7,027 | |||||
Unrealized (gain) loss on foreign currency translation | ||||||
-35 | 4,292 | |||||
Asset retirement obligations settled | ||||||
-695 | 0 | |||||
Income taxes paid | ||||||
21,819 | 15,455 | |||||
Changes in non-cash working capital | ||||||
-3,858 | -7,296 | |||||
Net cash generated by (used in) operating activities | ||||||
59,450 | -1,065 | |||||
INVESTING | ||||||
Additions to intangible exploration and evaluation assets | ||||||
16,905 | 19,425 | |||||
Additions to petroleum and natural gas assets | ||||||
20,301 | 6,618 | |||||
Additions to other assets | ||||||
953 | 615 | |||||
Property acquisitions | ||||||
0 | 48,313 | |||||
Changes in restricted cash | ||||||
18,323 | -17,462 | |||||
Changes in non-cash working capital | ||||||
1,587 | -5,556 | |||||
Net cash used in investing activities | ||||||
-21,423 | -86,877 | |||||
FINANCING | ||||||
Repayment of note payable | ||||||
11,041 | 0 | |||||
Financing costs | ||||||
1,554 | 0 | |||||
Interest paid | ||||||
6,952 | 5,288 | |||||
Proceeds from long-term debt | ||||||
85,328 | 0 | |||||
Repayment of convertible debentures | ||||||
73,375 | 0 | |||||
Repayments of long-term debt | ||||||
15,000 | 0 | |||||
Net cash used in financing activities | ||||||
-22,594 | -5,288 | |||||
Currency translation differences relating to cash and cash equivalents | ||||||
548 | -2,212 | |||||
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ||||||
15,981 | -95,442 | |||||