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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 4,363 $ 5,855
Available for sale securities 35 69
Accounts receivable trade 6,788 6,801
Commodity risk management asset 104 14
Other current assets 251 422
Total current assets 11,541 13,161
Oil and gas properties under full cost method    
Proved oil and properties 144,649 136,521
Unproved oil and gas properties 10,144 7,478
less depletion, depreciation and amortization (68,575) (57,077)
Net oil and gas properties 86,218 86,922
Undeveloped mining claims 21,942 20,739
Property, plant and equipment, net of accumulated depreciation of; $4,339 and $4,135 4,006 4,199
Other assets 1,804 1,780
Total assets 125,511 126,801
Current liabilities:    
Accounts payable 4,938 6,167
Accrued compensation 760 580
Commodity risk management liability 0 280
Other current liabilities 144 164
Total current liabilities 5,842 7,191
Noncurrent liabilities:    
Long-term debt, net of current portion 8,000 9,000
Asset retirement obligations 1,084 812
Other accrued liabilities 1,106 741
Total noncurrent liabilities 10,190 10,553
Commitments and contingencies      
Shareholders' equity    
Common stock, $.01 par value; unlimited shares authorized; 27,905,940 and 27,735,878 shares issued, respectively 279 277
Additional paid-in capital 123,721 123,510
Accumulated deficit (14,475) (14,718)
Other comprehensive loss (46) (12)
Total shareholders' equity 109,479 109,057
Total liabilities and shareholders' equity $ 125,511 $ 126,801