Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Current assets
Cash and cash equivalents	$ 3,617	$ 23,263
Accounts receivable	1,087	689
Inventory	429	541
Prepaid expenses	246	373
Deposits	676	543
Other current assets	15	19
Total current assets	6,070	25,428
Property and equipment, Oil and gas properties, successful efforts method:
Proved properties	70,931	66,361
Unproved properties	275	1,899
Other property and equipment	2,292	2,071
Total property and equipment	73,498	70,331
Less accumulated depreciation, depletion and amortization	(2,816)	(1,602)
Total property and equipment, net	70,682	68,729
Deferred financing costs	466	1,440
Other long-term assets	515	216
Total assets	77,733	95,813
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	10,731	11,400
Accrued liabilities	9,145	13,562
Short-term debt	25,000	17,870
Total current liabilities	44,876	42,832
Asset retirement and environmental obligations	810	739
Commitments and contingencies (Note 7)
Stockholders' equity
Preferred stock, $0.001 par value, 500,000,000 shares authorized, none outstanding
Common stock, $0.001 par value, 500,000,000 shares authorized, 344,785,689 and 342,103,218 issued and outstanding at September 30, 2012 and December 31, 2011, respectively	345	342
Additional paid-in capital	175,464	174,317
Unearned compensation	(1,153)	(792)
Accumulated deficit	(142,609)	(121,625)
Total stockholders' equity	32,047	52,242
Total liabilities and stockholders' equity	$ 77,733	$ 95,813