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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 3,877 $ 4,010
Available for sale securities 258 25
Accounts receivable trade 1,085 3,177
Commodity risk management asset 1,002 0
Other current assets 227 288
Total current assets 6,449 7,500
Oil and gas properties under full cost method,    
Proved oil and gas properties 109,054 147,486
Unproved oil and gas properties 8,196 10,188
Exploratory wells in progress 0 2,357
less depletion, depreciation and amortization (78,867) (71,762)
Net oil and gas properties 38,383 88,269
Undeveloped mining claims 21,942 21,942
Property, plant and equipment, net of accumulated depreciation of $4,500 and $4,404 3,666 3,942
Other assets 1,062 1,870
Total assets 71,502 123,523
Current liabilities:    
Accounts payable 8,334 7,441
Accrued compensation 1,194 441
Current portion of debt 6,000 0
Other current liabilities 72 84
Total current liabilities 15,600 7,966
Noncurrent liabilities:    
Long-term debt 0 6,000
Asset retirement obligations 1,230 1,133
Other accrued liabilities 551 1,029
Total noncurrent liabilities $ 1,781 $ 8,162
Commitments and contingencies:
Shareholders' equity:    
Common stock, $0.01 par value; unlimited shares authorized 28,351,022 shares issued and 28,110,311 outstanding at September 30, 2015, 28,047,661 issued and outstanding at December 31, 2014 $ 281 $ 280
Additional paid-in capital 124,344 123,980
Accumulated deficit (70,443) (16,809)
Other comprehensive loss (61) (56)
Total shareholders' equity 54,121 107,395
Total liabilities and shareholders' equity $ 71,502 $ 123,523