XML 26 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income (loss) $ 250 $ (5,898)
(Gain) from discontinued operations 0 (232)
Income (loss) from continuing operations 250 (6,130)
Adjustments to reconcile net loss to net cash provided by operations    
Depreciation, depletion & amortization 3,362 3,532
Change in fair value of commodity price risk management activities, net 173 616
Impairment of oil and gas properties 0 5,828
Equity loss from Standard Steam 0 25
(Gain) on sale of assets (28) (696)
Noncash compensation 143 112
Noncash services 17 15
Accounts payable 270 734
Net changes in assets and liabilities 182 (771)
Net cash provided by operating activities 4,369 3,265
Cash flows from investing activities:    
Acquisition and development of oil & gas properties (8,495) (6,074)
Acquisition of property (1,202) 0
Proceeds from sale of property and equipment 28 2,563
Net change in restricted investments (16) (37)
Net cash (used in) investing activities (9,685) (3,548)
Cash flows from financing activities:    
Issuance of common stock (27) 0
Proceeds from new debt 2,000 0
Repayments of debt 0 (79)
Net cash provided by (used in) financing activities 1,973 (79)
Net cash provided by operating activities of discontinued operations 0 84
Net (decrease) in cash and cash equivalents (3,343) (278)
Cash and cash equivalents at beginning of period 5,855 2,825
Cash and cash equivalents at end of period 2,512 2,547
Supplemental disclosures:    
Interest paid 96 115
Non-cash investing and financing activities:    
Unrealized change from available for sale securities 25 62
Acquisition and development of oil and gas properties through accounts payable 596 230
Acquisition and development of oil and gas properties through asset retirement obligations $ 76 $ 11