Consolidated Statements of Operations (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Revenue:
Oil and gas	$ 2,410	$ 1,253	$ 5,217	$ 2,507
Commodity derivative gain	30	64	141	125
Other income	55	91	108	189
Total revenue	2,495	1,408	5,466	2,821
Expenses:
Lease operating expenses	493	446	1,094	689
Transportation costs	478	117	945	272
Production and property taxes	129	89	349	197
General and administrative	1,006	1,145	2,278	2,589
Depreciation, depletion and amortization	850	371	1,861	747
Accretion expense	26	6	52	12
Impairment of oil and gas properties	9,909	1,063	15,407	8,379
Total expenses	12,891	3,237	21,986	12,885
Operating loss	(10,396)	(1,829)	(16,520)	(10,064)
Other income and (expense):
Interest expense	(175)	(114)	(323)	(192)
Loss on disposition of fixed asset				(13)
Equity investment income	26	56	27	41
Total other income and (expense)	(149)	(58)	(296)	(164)
Loss before income taxes	(10,545)	(1,887)	(16,816)	(10,228)
Provision for income taxes
Net loss before non-controlling interests	(10,545)	(1,887)	(16,816)	(10,228)
Net loss attributable to non-controlling interests	1,250	103	1,685	103
Net loss attributable to controlling interest	$ (9,295)	$ (1,784)	$ (15,131)	$ (10,125)
Net loss per common share:
Basic	$ (0.08)	$ (0.04)	$ (0.13)	$ (0.22)
Diluted	$ (0.08)	$ (0.04)	$ (0.13)	$ (0.22)
Weighted average common shares outstanding:
Basic	112,228	46,050	112,228	45,683
Diluted	112,228	46,050	112,228	45,683