CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Current Assets:
Cash and cash equivalents	$ 54,264	$ 163
Accounts receivable	1,122	1,112
Crude oil inventory	1,952	16,254
Prepaid and other current assets	8,492	856
Total current assets	65,830	18,385
Property, plant and equipment:
Oil and gas properties (successful efforts method of accounting), net	521,306	435,035
Other property, plant and equipment, net	1,059	752
Total property, plant and equipment, net	522,365	435,787
Other non-current assets	1,988	52
Total assets	590,183	454,224
Current Liabilities:
Accounts payable	48,182	31,668
Accrued liabilities	34,076	7,446
Asset retirement obligations	23,086	12,479
Promissory note - related party	11,185	6,496
Total current liabilities	116,529	58,089
Convertible subordinated note - related party	50,000
Term loan facility	50,000
Asset retirement obligations	13,914	8,122
Other long-term liabilities	81	67
Total liabilities	230,524	66,278
Commitments and contingencies
Equity:
Preferred stock $0.001 par value - 50,000,000 shares authorized; none issued and outstanding at September 30, 2014 and December 31, 2013
Common stock $0.001 par value - 2,500,000,000 shares authorized; 1,261,763,853 and 382,362,236 shares outstanding as of September 30, 2014 and December 31, 2013	1,262	382
Paid-in capital	776,300	736,456
Accumulated deficit	(417,903)	(348,892)
Total equity	359,659	387,946
Total liabilities and equity	$ 590,183	$ 454,224