Consolidated Statements of Operations (Unaudited) (USD $) Share data in Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Net revenue:
Oil revenue, net	$ 24,190,000	$ 12,776,000	$ 45,094,000	$ 26,057,000
Other revenue	65,000	39,000	137,000	70,000
Total net revenue	24,255,000	12,815,000	45,231,000	26,127,000
Operating and administrative expenses:
Lease operating expense	6,744,000	8,102,000	11,967,000	14,775,000
General and administrative expense	6,375,000	6,451,000	12,572,000	11,926,000
Geological, geophysical and engineering expense	1,270,000	746,000	2,091,000	1,104,000
Depreciation, depletion and amortization expense	5,503,000	7,955,000	12,115,000	14,859,000
Standby costs	0	2,225,000	0	3,368,000
Total operating and administrative expenses	19,892,000	25,479,000	38,745,000	46,032,000
Operating income (loss)	4,363,000	(12,664,000)	6,486,000	(19,905,000)
Other income (expense):
Income (loss) from investment in Ecuador property, net	(9,000)	216,000	(17,000)	169,000
Interest expense, net	(3,513,000)	(4,280,000)	(7,350,000)	(8,578,000)
Loss on extinguishment of debt	(1,245,000)	(3,786,000)	(1,245,000)	(3,786,000)
Gain (loss) on derivatives	(269,000)	1,277,000	(239,000)	729,000
Interest income	345,000	38,000	350,000	47,000
Other expense	(96,000)	(818,000)	(29,000)	(1,147,000)
Total other expense, net	(4,787,000)	(7,353,000)	(8,530,000)	(12,566,000)
Loss before income taxes	(424,000)	(20,017,000)	(2,044,000)	(32,471,000)
Income tax expense (benefit)	2,125,000	(377,000)	4,075,000	(47,000)
Net loss	$ (2,549,000)	$ (19,640,000)	$ (6,119,000)	$ (32,424,000)
Basic net loss per share (in Dollars per share)	$ (0.02)	$ (0.17)	$ (0.05)	$ (0.28)
Diluted net loss per share (in Dollars per share)	$ (0.02)	$ (0.17)	$ (0.05)	$ (0.28)
Basic weighted average common shares outstanding (in Shares)	116,342	115,935	116,193	115,862
Diluted weighted average common shares outstanding (in Shares)	116,342	115,935	116,193	115,862