Taxes

6 Months Ended

Jun. 30, 2011

Taxes [Abstract]

Taxes

Note 6 — Taxes

Taxes Other Than on Income

     The components of taxes other than on income were:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2011		2010		2011		2010
	(in thousands)
Franchise Taxes	$	45	$	45	$	91	$	106
Payroll and Other Taxes		262		153		565		392
	$	307	$	198	$	656	$	498

Taxes on Income

     As further disclosed in Note 3 — Dispositions, we completed the sale of our Antelope Project during the second quarter 2011, recognizing a capital gain. As a result, we expect to fully utilize all of our available net operating losses to offset most of the gain, and to also utilize our remaining alternative minimum tax credits against the resulting tax liability. Utilization of these tax benefits essentially eliminates the previously accrued deferred tax asset (“DTA”), and, therefore, also eliminates the valuation allowance associated with the DTA that we did not previously expect to utilize.