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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenue:    
Oil $ 864 $ 2,297
Natural gas and liquids 202 382
Total revenue 1,066 2,679
Oil and gas operations:    
Production costs 1,030 1,852
Depreciation, depletion and amortization 782 2,874
Impairment of oil and gas properties 6,957 19,240
General and administrative:    
Compensation and benefits, including directors 139 854
Stock-based compensation 34 115
Professional services 365 266
Insurance, rent and other 211 213
Total operating expenses 9,518 25,414
Operating loss (8,452) (22,735)
Other income (expense):    
Realized gain (loss) on oil price risk derivatives 882 (114)
Unrealized loss on oil price risk derivatives $ (573) (63)
Gain on sale of assets $ 16
Unrealized gain on marketable equity securities $ 9
Rental and other income 21 $ 40
Interest expense (162) (63)
Loss from continuing operations (8,275) (22,919)
Loss from discontinued operations (2,327) (784)
Net loss (10,602) (23,703)
Loss from continuing operations applicable to common shareholders:    
Loss from continuing operations (8,275) $ (23,703)
Accrued dividends related to Series A Convertible Preferred Stock (34)
Loss from continuing operations applicable to common shareholders $ (8,309) $ (23,703)
Earnings (loss) per share applicable to common shareholders (basic and diluted)    
Continuing operations (in dollars per share) $ (0.30) $ (0.82)
Discontinued operations (in dollars per share) (0.08) (0.03)
Total (in dollars per share) $ (0.38) $ (0.85)
Weighted average shares outstanding- basic and diluted (in shares) 28,233,000 28,048,000