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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 3,882 $ 12,874
Available for sale securities 221 166
Accounts receivable    
Trade 5,943 5,496
Income taxes 9 113
Commodity risk management asset 1,112 3
Assets held for sale 16,180 18,132
Other current assets 360 352
Total current assets 27,707 37,136
Investment 2,472 2,623
Properties and equipment    
Oil & gas properties under full cost method, net of $36,231 and $28,561 accumulated depletion, depreciation and amortization 85,599 90,942
Undeveloped mining claims 20,739 20,739
Property, plant and equipment, net 8,977 9,196
Net properties and equipment 115,315 120,877
Other assets 1,789 1,803
Total assets 147,283 162,439
Current liabilities:    
Accounts payable 3,718 9,370
Accrued compensation 418 501
Commodity risk management liability 0 601
Current portion of debt 200 200
Liabilities held for sale 10,208 10,241
Other current liabilities 41 24
Total current liabilities 14,585 20,937
Long-term debt, net of current portion 5,200 12,200
Deferred tax liability 732 1,189
Asset retirement obligations 619 510
Other accrued liabilities 795 822
Commitment and contingencies      
Shareholders' equity    
Common stock, $.01 par value; unlimited shares authorized; 27,460,978 and 27,409,908 shares issued, respectively 275 274
Additional paid-in capital 122,707 122,523
Accumulated surplus 2,536 3,906
Unrealized gain on marketable securities 141 78
Total shareholders' equity 125,659 126,781
Total liabilities and shareholders' equity $ 147,283 $ 162,439