Liquidity	6 Months Ended
Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Liquidity	4. LIQUIDITY As of June 30, 2018, the Company has working capital of $3.9 million and an accumulated deficit of $127.5 million. Additionally, the Company incurred a net loss of $1.2 million for the three months ended June 30, 2018, and $1.4 million for the six months ended June 30, 2018. As of June 30, 2018, the Company had cash and cash equivalents of $2.8 million. Management believes that overhead reductions associated with the Company’s divested mining operations combined with the reduction in the Company’s outstanding debt have poised the Company to survive in the current commodity price environment. Our strategy is to continue to (1) maintain adequate liquidity and selectively participate in new drilling and completion activities, subject to economic and industry conditions, (2) pursue acquisition and disposition opportunities, (3) address the July 2019 maturity of our existing credit facility through either extending the maturity of the existing credit facility or entering into a new credit facility with a new lender, and (4) evaluate various avenues to strengthen our balance sheet and improve our liquidity position. We expect to fund any near-term capital requirements and working capital needs from existing cash on hand. Because production from existing oil and natural gas wells declines over time, further reductions of capital expenditures used to drill and complete new oil and natural gas wells would likely result in lower levels of oil and natural gas production in the future.

Liquidity

6 Months Ended

Jun. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

4. LIQUIDITY

As of June 30, 2018, the Company has working capital of $3.9 million and an accumulated deficit of $127.5 million. Additionally, the Company incurred a net loss of $1.2 million for the three months ended June 30, 2018, and $1.4 million for the six months ended June 30, 2018.

As of June 30, 2018, the Company had cash and cash equivalents of $2.8 million. Management believes that overhead reductions associated with the Company’s divested mining operations combined with the reduction in the Company’s outstanding debt have poised the Company to survive in the current commodity price environment. Our strategy is to continue to (1) maintain adequate liquidity and selectively participate in new drilling and completion activities, subject to economic and industry conditions, (2) pursue acquisition and disposition opportunities, (3) address the July 2019 maturity of our existing credit facility through either extending the maturity of the existing credit facility or entering into a new credit facility with a new lender, and (4) evaluate various avenues to strengthen our balance sheet and improve our liquidity position. We expect to fund any near-term capital requirements and working capital needs from existing cash on hand. Because production from existing oil and natural gas wells declines over time, further reductions of capital expenditures used to drill and complete new oil and natural gas wells would likely result in lower levels of oil and natural gas production in the future.