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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 7,784 $ 12,874
Available for sale securities 179 166
Accounts receivable    
Trade 4,751 5,496
Income taxes 9 113
Commodity risk management asset 101 3
Assets held for sale 18,075 18,132
Other current assets 282 352
Total current assets 31,181 37,136
Investment 2,563 2,623
Properties and equipment    
Oil & gas properties under full cost method, net of $32,202 and $28,561 accumulated depletion, depreciation and amortization 82,856 90,942
Undeveloped mining claims 20,739 20,739
Property, plant and equipment, net 9,031 9,196
Net properties and equipment 112,626 120,877
Other assets 1,851 1,803
Total assets 148,221 162,439
Current liabilities:    
Accounts payable 7,892 9,370
Accrued compensation 343 501
Commodity risk management liability 758 601
Current portion of debt 200 200
Liabilities held for sale 10,147 10,241
Other current liabilities 24 24
Total current liabilities 19,364 20,937
Long-term debt, net of current portion 200 12,200
Deferred tax liability 744 1,189
Asset retirement obligations 564 510
Other accrued liabilities 809 822
Commitment and contigencies      
Shareholders' equity    
Common stock, $.01 par value; unlimited shares authorized; 27,445,978 and 27,409,908 shares issued, respectively 274 274
Additional paid-in capital 122,645 122,523
Accumulated surplus 3,525 3,906
Unrealized gain on marketable securities 96 78
Total shareholders' equity 126,540 126,781
Total liabilities and shareholders' equity $ 148,221 $ 162,439