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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and equivalents $ 3,354 $ 4,010
Oil and gas sales receivable 1,143 $ 3,177
Oil price risk derivatives 1,634
Discontinued operations - assets of mining segment 318
Marketable equity securities 251 $ 25
Other current assets 136 288
Total current assets 6,836 7,500
Oil and gas properties under full cost method:    
Unevaluated properties and exploratory wells in progress 5,664 12,545
Evaluated properties 97,912 147,486
Less accumulated depreciation, depletion and amortization (80,144) (71,762)
Net oil and gas properties 23,432 88,269
Other assets:    
Property and equipment, net $ 2,658 2,939
Discontinued operations - assets of mining segment 23,475
Other assets $ 206 1,340
Total other assets 2,864 27,754
Total assets 33,132 123,523
Accounts payable and accrued liabilities:    
Payable to Major Operator 4,159 $ 5,189
Contingent ownership interests 3,108
Other 1,775 $ 2,252
Accrued compensation and benefits 1,352 $ 511
Current portion of long-term debt 6,000
Discontinued operations of mining properties 204 $ 188
Other current liabilities 16 14
Total current liabilities $ 16,614 8,154
Noncurrent liabilities:    
Long-term debt, less current portion 6,000
Asset retirement obligations $ 1,038 945
Other liabilities 5 1,029
Total noncurrent liabilities $ 1,043 $ 7,974
Commitments and contingencies (Note 10)
Shareholders' equity:    
Preferred stock, par value $0.01 per share. Authorized 100,000 shares, no shares issued
Common stock, $0.01 par value; unlimited shares authorized; 28,199,735 shares issued and outstanding $ 282 $ 280
Additional paid-in capital 124,898 123,980
Accumulated deficit $ (109,705) (16,809)
Other comprehensive loss (56)
Total shareholders' equity $ 15,475 107,395
Total liabilities and shareholders' equity $ 33,132 $ 123,523