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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 2,547 $ 2,825
Available for sale securities 144 183
Accounts receivable trade 5,884 5,182
Commodity risk management asset 0 472
Assets held for sale 15,369 17,051
Other current assets 338 302
Total current assets 24,282 26,015
Investment 2,239 2,264
Properties and equipment    
Oil & gas properties under full cost method, net of $46,915 and $43,454 accumulated depletion, depreciation and amortization 82,201 85,634
Undeveloped mining claims 20,739 20,739
Property, plant and equipment, net 4,362 4,435
Net properties and equipment 107,302 110,808
Other assets 1,742 1,740
Total assets 135,565 140,827
Current liabilities:    
Accounts payable 3,196 2,692
Accrued compensation 314 295
Commodity risk management liability 145 0
Current portion of debt 200 200
Liabilities held for sale 9,978 10,022
Other current liabilities 49 44
Total current liabilities 13,882 13,253
Long-term debt, net of current portion 10,000 10,000
Asset retirement obligations 706 686
Other accrued liabilities 742 771
Commitment and contingencies      
Shareholders' equity    
Common stock, $.01 par value; unlimited shares authorized; 27,667,602 and 27,652,602 shares issued, respectively 277 277
Additional paid-in capital 123,133 123,078
Accumulated deficit (13,237) (7,339)
Other comprehensive income 62 101
Total shareholders' equity 110,235 116,117
Total liabilities and shareholders' equity $ 135,565 $ 140,827