Quarterly report pursuant to Section 13 or 15(d)

Equity Investments

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Equity Investments
9 Months Ended
Sep. 30, 2011
Equity Investments [Abstract]  
Equity Investments
4.   EQUITY INVESTMENTS

 

    September 30, 2011     December 31, 2010  

Investment in Tatex Thailand II, LLC

  $ 1,150,000      $ 1,907,000   

Investment in Tatex Thailand III, LLC

    7,414,000        4,660,000   

Investment in Grizzly Oil Sands ULC

    41,161,000        26,454,000   

Investment in Bison Drilling and Field Services LLC

    6,304,000        —     
 

 

 

   

 

 

 
  $ 56,029,000      $ 33,021,000   
 

 

 

   

 

 

 

Tatex Thailand II, LLC

During 2005, the Company purchased a 23.Tatex Thailand II, LLC(“Tatex”)5%的所有权权益,成本为240万美元. Tatex的剩余权益归韦克斯福德控股的实体所有. Tatex, a non-public entity, holds 85,122 of the 1,000,000 outstanding shares of APICO, LLC ("APICO"), an international oil and gas exploration company. APICO拥有包括Phu Horm油田在内的200万英亩特许经营权,在东南亚拥有一个储备基地. During the nine months ended September 30, 2011, Gulfport received $750,000 in distributions, reducing its total net investment in Tatex to $1,150,000. 在截至9月30日的9个月中,与税项相关的股权投资亏损并不重大, 2011 and 2010.

Tatex Thailand III, LLC

During the first quarter of 2008, 公司购买了Tatex Thailand III公司5%的所有权权益, LLC ("Tatex III") at a cost of $850,000. 2009年12月,公司又购买了大约12个.9% ownership interest at a cost of approximately $3,385,使其总所有权权益约为17万.9%. Approximately 68.Tatex III剩余权益的7%由weexford控制的实体拥有. During the nine months ended September 30, 2011, Gulfport paid $2,953,000 in cash calls, 将其在ttex III的总净投资(包括以前的投资)增加到7美元,414,000. The Company recognized a loss on equity investment of $199,000 and $149,000 for the nine months ended September 30, 2011 and 2010, respectively, 合并经营报表中权益法投资的(收益)损失包括哪些.

Grizzly Oil Sands ULC

During the third quarter of 2006, the Company, through its wholly owned subsidiary Grizzly Holdings Inc., purchased a 24.加拿大无限责任公司Grizzly的9999%权益,约8199,000美元. 灰熊的剩余权益由韦克斯福德控股的实体拥有. During 2006 and 2007, Grizzly获得了阿萨巴斯卡地区的租约,该地区位于阿尔伯塔省麦克默里堡附近,靠近其他油砂开发项目. Grizzly已经在9个独立的租赁区块钻了岩心孔和供水测试井,以验证石油生产的可行性,并进行了地震程序. In March 2010, Grizzly filed an application in Alberta, Canada for the development of an 11,300 barrel per day SAGD facility at Algar Lake. In October 2011, 阿尔伯塔省能源保护委员会(ERCB)和环境部完成了对灰熊公司Algar湖项目的审查,并准备了批准文件. 已向艾伯塔省政府提出请求,要求提供一份授权ERCB向Grizzly发出正式批准的命令. 截至2011年9月30日,格尔夫波特在灰熊的净投资为41,161,000美元. 在截至2011年9月30日的九个月中,公司支付了17,902,000美元的现金呼叫. Grizzly's functional currency is the Canadian dollar. The Company's investment in Grizzly was decreased by $3,138,000 and $2,200,由于截至9月30日的三个月和九个月的货币折算损失,该公司损失了5万美元, 2011, respectively. 公司确认了182美元的股权投资亏损,000 and $995,截至9月30日的3个月和9个月的体育平台分别为1万美元, 2011, respectively, and $171,000 and $336,截至9月30日的3个月和9个月的体育平台分别为1万美元, 2010, respectively, 合并经营报表中权益法投资的(收益)损失包括哪些.

 

该公司通过其全资子公司Grizzly Holdings Inc., 与灰熊签订了租借协议,1月1日生效, 2008, under which Grizzly may borrow funds from the Company. 借入资金的初始利率为伦敦银行同业拆借利率(LIBOR)加400个基点,原定到期日为12月31日, 2012. 自2010年4月1日起,贷款协议进行了修订,将利率修改为0.69% and change the maturity date to December 31, 2011. Effective October 15, 2010, 进一步修改贷款协议,将到期日改为12月31日, 2012. 利息体育平台是在实物支付的基础上,通过增加贷款的未偿余额来支付的. 在截至2011年9月30日的9个月中,公司向Grizzly提供了约3,182,000美元的贷款. 公司确认利息收入约41美元,000 and $117,截至9月30日的3个月和9个月的体育平台分别为1万美元, 2011, respectively, and $31,000 and $232,截至9月30日的3个月和9个月的体育平台分别为1万美元, 2010, respectively, 合并经营报表中的利息收入包括哪些. The note balance was decreased by approximately $1,717,000 and $1,085,由于截至9月30日的三个月和九个月的货币折算损失,该公司损失了5万美元, 2011, respectively. The total $22,220,000 due from Grizzly at September 30, 2011年在随附的合并资产负债表中列入应收票据关联方.

Bison Drilling and Field Services LLC

During the third quarter of 2011, 该公司以6美元的价格收购了Bison Drilling and Field Services LLC(“Bison”)25%的所有权权益,009,000, subject to adjustment. Bison的剩余权益归韦克斯福德控股的实体所有. Bison owns and operates four drilling rigs. 公司确认股权投资收益为295美元,000 for the nine months ended September 30, 2011, 合并经营报表中权益法投资的(收益)损失包括哪些.