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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 12,874 $ 5,812
Marketable securities    
Held to maturity - treasuries 0 17,843
Available for sale securities 166 1,364
Accounts receivable    
Trade 5,496 3,890
Reimbursable project costs 0 114
Income taxes 113 104
Commodity risk management asset 3 0
Assets held for sale 18,132 20,979
Other current assets 352 456
Total current assets 37,136 50,562
Investment 2,623 2,834
Properties and equipment    
Oil & gas properties under full cost method, net of $28,561 and $14,563 accumulated depletion, depreciation and amortization 90,942 70,374
Undeveloped mining claims 20,739 21,077
Property, plant and equipment, net 9,196 9,336
Net properties and equipment 120,877 100,787
Other assets 1,803 1,833
Total assets 162,439 156,016
Current liabilities:    
Accounts payable 9,370 14,830
Accrued compensation 501 1,669
Commodity risk management liability 601 1,725
Current portion of debt 200 200
Liabilities held for sale 10,241 323
Other current liabilities 24 16
Total current liabilities 20,937 18,763
Long-term debt, net of current portion 12,200 400
Deferred tax liability 1,189 5,015
Asset retirement obligations 510 303
Other accrued liabilities 822 847
Commitments and contingencies (Note N) 0 0
Shareholders' equity    
Common stock, $.01 par value; unlimited shares authorized; 27,409,908 and 27,068,610 shares issued, respectively 274 271
Additional paid-in capital 122,523 121,062
Accumulated surplus 3,906 8,713
Unrealized gain on marketable securities 78 642
Total shareholders' equity 126,781 130,688
Total liabilities and shareholders' equity $ 162,439 $ 156,016