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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 4,067 $ 4,010
Available for sale securities 30 25
Accounts receivable trade 1,778 3,177
Other current assets 234 288
Total current assets 6,109 7,500
Oil and gas properties under full cost method,    
Proved oil and gas properties 130,172 147,486
Unproved oil and gas properties 8,190 10,188
Exploratory wells in progress 0 2,357
less depletion, depreciation and amortization (76,691) (71,762)
Net oil and gas properties 61,671 88,269
Undeveloped mining claims 21,942 21,942
Property, plant and equipment, net of accumulated depreciation of $4,509 and $4,404 3,811 3,942
Other assets 1,885 1,870
Total assets 95,418 123,523
Current liabilities:    
Accounts payable 8,696 7,441
Accrued compensation 504 441
Commodity risk management liability 335 0
Current portion of debt 6,000 0
Other current liabilities 70 84
Total current liabilities 15,605 7,966
Noncurrent liabilities:    
Long-term debt 0 6,000
Asset retirement obligations 1,218 1,133
Other accrued liabilities 955 1,029
Total noncurrent liabilities $ 2,173 $ 8,162
Commitments and contingencies:    
Shareholders' equity:    
Common stock, $0.01 par value; unlimited shares authorized 28,388,372 shares issued and 28,047,661 outstanding at June 30, 2015, 28,047,661 issued and outstanding at December 31, 2014 $ 280 $ 280
Additional paid-in capital 124,203 123,980
Accumulated deficit (46,792) (16,809)
Other comprehensive loss (51) (56)
Total shareholders' equity 77,640 107,395
Total liabilities and shareholders' equity $ 95,418 $ 123,523