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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 2,825 $ 12,874
Marketable securities    
Available for sale securities 183 166
Accounts receivable    
Trade 5,182 5,496
Income taxes 0 113
Commodity risk management asset 472 3
Assets held for sale 17,051 22,600
Other current assets 302 352
Total current assets 26,015 41,604
Investment 2,264 2,623
Properties and equipment    
Oil & gas properties under full cost method, net of $43,454 and $28,561 accumulated depletion, depreciation and amortization 85,634 90,942
Undeveloped mining claims 20,739 20,739
Property, plant and equipment, net 4,435 4,728
Net properties and equipment 110,808 116,409
Other assets 1,740 1,803
Total assets 140,827 162,439
Current liabilities:    
Accounts payable 2,692 9,370
Accrued compensation 295 501
Commodity risk management liability 0 601
Current portion of debt 200 200
Liabilities held for sale 10,022 10,241
Other current liabilities 44 24
Total current liabilities 13,253 20,937
Long-term debt, net of current portion 10,000 12,200
Deferred tax liability 0 1,189
Asset retirement obligations 686 510
Other accrued liabilities 771 822
Commitments and contingencies (Note N)      
Shareholders' equity    
Common stock, $.01 par value; unlimited shares authorized; 27,652,602 and 27,409,908 shares issued, respectively 277 274
Additional paid-in capital 123,078 122,523
Accumulated (deficit) surplus (7,339) 3,906
Unrealized gain on marketable securities 101 78
Total shareholders' equity 116,117 126,781
Total liabilities and shareholders' equity $ 140,827 $ 162,439