(3) Investments in Piceance Energy: Statement of Operations for Piceance Energy (Tables)

3 Months Ended

Mar. 31, 2013

Tables/Schedules

Statement of Operations for Piceance Energy

	Three Months Ended March 31, 2013
	100%	Our Share
	(Unaudited)
Natural gas, oil and natural gas liquids revenues	$13,987	$4,663
Natural gas and oil operating expenses	9,078	3,027
Depletion, depreciation and amortization	6,429	2,143
Management fee	1,950	650
General and administrative	34	11
Total operating expenses	17,491	5,831
Loss from operations	(3,504)	(1,168)
Other income (expense)
Loss from derivatives	(2,868)	(956)
Interest expense and debt issue costs	(697)	(233)
Other expense	(10)	(3)
Total other expense	(3,575)	(1,192)
Net loss	$(7,079)	$(2,360)