Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Oil, natural gas, and natural gas liquids revenues:
Oil	$ 5,539,000	$ 9,038,000
Natural gas	943,000	1,530,000
Natural gas liquids	328,000	674,000
Total oil, natural gas, and natural gas liquids revenues	6,810,000	11,242,000
Gathering income	54,000	78,000
Total revenues	6,864,000	11,320,000
Production costs:
Lease operating expense	3,066,000	4,374,000
Severance taxes	382,000	630,000
Rig idle expense	1,269,000
Depreciation, depletion, and amortization	5,505,000	5,924,000
Re-engineering and workovers	275,000	119,000
Exploration expense	5,000
General and administrative expense	3,198,000	2,571,000
Total operating costs and expenses	13,700,000	13,618,000
Loss from operations	(6,836,000)	(2,298,000)
OTHER INCOME (EXPENSE)
Interest expense, net	(223,000)	(169,000)
Net gain on derivative contracts	765,000	674,000
Other (expense) income, net	(127,000)	94,000
Total other income (expense)	415,000	599,000
Loss before income taxes	(6,421,000)	(1,699,000)
Income tax expense (benefit)	0	(585,000)
Net loss	$ (6,421,000)	$ (1,114,000)
Net loss per common share:
Basic	$ (0.46)	$ (0.08)
Diluted	$ (0.46)	$ (0.08)
Weighted average common shares outstanding:
Basic	13,858,128	13,858,128
Diluted	13,858,128	13,858,128