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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue:        
Oil $ 1,677 $ 2,934 $ 2,541 $ 5,231
Natural gas and liquids 319 351 521 733
Total revenue 1,996 3,285 3,062 5,964
Oil and gas operations:        
Production costs 1,434 2,021 2,464 3,873
Depreciation, depletion and amortization 864 2,055 1,646 4,929
Impairment of oil and gas properties 2,611 3,208 9,568 22,448
General and administrative:        
Compensation and benefits, including directors 172 676 311 1,530
Stock-based compensation 34 109 68 224
Professional services 541 274 768 540
Insurance, rent and other 16 162 183 407
Total operating expenses 5,672 8,505 15,008 33,951
Operating loss (3,676) (5,220) (11,946) (27,987)
Other income (expense):        
Realized gain (loss) on oil price risk derivatives 380 (25) 1,262 (139)
Change in unrealized gain (loss) on oil price risk derivatives (887) (272) (1,460) (335)
Gain on sale of assets 100 100 16
Rental and other income, net of expenses (48) 10 (79) 50
Interest expense (75) (66) (247) (129)
Loss from continuing operations (4,206) (5,573) (12,370) (28,524)
Loss from discontinued operations (10) (707) (2,448) (1,459)
Net loss (4,216) (6,280) (14,818) (29,983)
Other comprehensive loss:        
Unrealized gain in marketable equity securities 927 5 927 5
Comprehensive loss (3,289) (6,275) (13,891) (29,978)
Loss from continuing operations applicable to common shareholders:        
Loss from continuing operations (4,206) (5,573) (12,370) (28,524)
Accrued dividends related to Series A Convertible Preferred Stock (62) (96)
Loss from continuing operations applicable to common shareholders $ (4,268) $ (5,573) $ (12,466) $ (28,524)
Earnings (loss) per share applicable to common shareholders (basic and diluted):        
Continuing operations (in dollars per share) $ (0.89) $ (1.19) $ (2.63) $ (6.10)
Discontinued operations (in dollars per share) (0.15) (0.52) (0.31)
Total (in dollars per share) $ (0.90) $ (1.34) $ (3.15) $ (6.41)
Weighted average shares outstanding- basic and diluted (in shares) 4,705,000 4,675,000 4,705,000 4,675,000