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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenue:      
Oil $ 4,689 $ 9,047 $ 28,331
Natural gas and liquids 1,057 1,249 4,048
Total revenue 5,746 10,296 32,379
Oil and gas operations:      
Production costs 2,728 7,352 10,638
Depreciation, depletion and amortization 2,529 8,412 14,685
Impairment of oil and gas properties 9,568 57,676
General and administrative:      
Compensation and benefits, including directors and contract employees 640 2,602 4,124
Stock-based compensation 213 948 527
Employee severance costs 3 504
Professional fees, insurance and other 1,994 1,866 1,785
Total operating expenses 17,675 79,360 31,759
Operating Gain/(loss) (11,929) (69,064) 620
Other income (expense):      
Realized gain (loss) on oil price risk derivatives 1,440 (75) 316
Unrealized gain (loss) on oil price risk derivatives (1,634) 1,634 266
Gain on sale of assets 102 121 112
Gain (loss) on investments 750 (68)
Rental and other income (loss) (169) 431 88
Warrant revaluation gain 210
Interest expense (442) (263) (385)
Total other income (expense) 257 1,780 397
Income/(loss) from continuing operations (11,672) (67,284) 1,017
Discontinued operations:      
Discontinued operations (2,448) (2,992) (3,108)
Impairment loss on discontinued operations (22,620)
Loss from discontinued operations (2,448) (25,612) (3,108)
Net loss (14,120) (92,896) (2,091)
Change in fair value of marketable equity securities (55) 56 (44)
Comprehensive loss (14,175) (92,840) (2,135)
Loss from continuing operations applicable to common shareholders      
Loss from continuing operations (11,672) (67,284) 1,017
Accrued dividends related to Series A Convertible Preferred Stock (232)
Loss from continuing operations applicable to common shareholders (11,904) (67,284) 1,017
Loss from continuing operations applicable to common shareholders      
Net loss (14,120) (67,284) (67,284)
Accrued dividends related to Series A Convertible Preferred Stock (232)
Net loss applicable to common shareholders $ (14,352) $ (14,352) $ 1,017
Loss per share- basic and diluted      
Continuing operations (in dollars per share) $ (2.50) $ (14.38) $ 0.04
Discontinued operations (in dollars per share) (0.51) (5.48) (0.12)
Total (in dollars per share) (3.01) (19.86) (0.08)
Weighted average shares outstanding      
Basic and diluted (in shares) $ 4,768,013 $ 4,677,500 $ 4,638,833