Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Cash flows from operating activities:
Net loss	$ (16,816)	$ (10,228)
Items not involving cash:
Depreciation, depletion and amortization	1,861	747
Accretion expense	52	12
Loss on disposition of fixed asset		13
Impairment of oil and gas properties	15,407	8,379
Unrealized derivative loss	177	59
Stock-based compensation expense	216
Equity investment income	(27)	(41)
Net change in:
Accounts receivable	608	(384)
Prepaid expenses, deposits and other current assets	(38)	(47)
Accounts payable, accrued liabilities and firm transportation contracts	(1,721)	119
Due from related parties	(392)	(1,316)
Net cash used in operating activities	(673)	(2,687)
Cash flows from investing activities:
Development of properties and equipment	(3,540)	(26,995)
Equity method investment	(87)	(48)
Other long-term assets	126	109
Net cash used in investing activities	(3,501)	(26,934)
Cash flows from financing activities:
Issue common stock		20,000
Issue Series A convertible preferred stock		10,000
Offering costs	(10)	(303)
Treasury share purchase		(153)
Proceeds from notes payable	5,030	6,675
Distributions to non-controlling interests	(35)
Net cash provided by financing activities	4,985	36,219
Net increase in cash and cash equivalents	811	6,598
Cash and cash equivalents, beginning of period	473	845
Cash and cash equivalents, end of period	$ 1,284	$ 7,443