Prepaid Expenses and Other Current Assets

12 Months Ended

Dec. 31, 2011

Prepaid Expense and Other Assets [Abstract]

Prepaid Expense And Other Assets [Text Block]

Note 7– Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:

	December 31,
		2011		2010
Fair market value of commodity derivatives – current	$	1,247	$	709
Prepaid well and drilling costs		3,053		804
Prepaid insurance		1,346		1,039
Inventory		714		4,617
Deposits and other costs related to the COP Acquisition		9,064		-
Other		3,416		1,549
	$	18,840	$	8,718