CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 3,723	$ 12,874
Available for sale securities	156	166
Accounts receivable
Trade	5,151	5,496
Income taxes	9	113
Commodity risk management asset	635	3
Assets held for sale	18,713	22,600
Other current assets	376	352
Total current assets	28,763	41,604
Investment	2,455	2,623
Properties and equipment
Oil & gas properties under full cost method, net of $39,641 and $28,561 accumulated depletion, depreciation and amortization	89,010	90,942
Undeveloped mining claims	20,739	20,739
Property, plant and equipment, net	4,516	4,728
Net properties and equipment	114,265	116,409
Other assets	2,703	1,803
Total assets	148,186	162,439
Current liabilities:
Accounts payable	3,782	9,370
Accrued compensation	460	501
Commodity risk management liability	0	601
Current portion of debt	200	200
Liabilities held for sale	10,335	10,241
Other current liabilities	38	24
Total current liabilities	14,815	20,937
Long-term debt, net of current portion	8,200	12,200
Deferred tax liability	0	1,189
Asset retirement obligations	668	510
Other accrued liabilities	785	822
Commitment and contingencies
Shareholders' equity
Common stock, $.01 par value; unlimited shares authorized; 27,475,978 and 27,409,908 shares issued, respectively	275	274
Additional paid-in capital	122,772	122,523
Accumulated surplus	590	3,906
Unrealized gain on marketable securities	81	78
Total shareholders' equity	123,718	126,781
Total liabilities and shareholders' equity	$ 148,186	$ 162,439