Prepaid Expenses and Other Current Assets

12 Months Ended

Dec. 31, 2012

Prepaid Expenses And Other Current Assets [Abstract]

Prepaid Expenses And Other Current Assets [Text Block]

Note 4– Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:

	December 31,
		2012		2011
Prepaid well and drilling costs	$	2,843	$	3,053
Prepaid insurance		3,330		1,346
Inventory		5,127		1,629
Fair market value of commodity derivatives – current		-		1,247
Deposits and other costs related to the Alba Acquisition		-		9,064
Deferred tax asset		8,089		-
Other		1,606		2,501
	$	20,995	$	18,840