XML 14 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenue:        
Oil and gas $ 5,122 $ 2,692 $ 13,143 $ 7,909
Commodity derivative loss (265) (149) (190) (8)
Other income 92 142 325 250
Total revenue 4,949 2,685 13,278 8,151
Expenses:        
Lease operating expenses 662 490 1,914 1,584
Transportation costs 400 350 1,162 1,294
Production and property taxes 369 205 965 554
General and administrative 1,266 1,033 3,760 3,310
Depreciation, depletion and amortization 767 588 2,069 2,450
Accretion of asset retirement obligations 36 24 103 76
Impairment of oil and gas properties          15,407
Total expenses 3,500 2,690 9,973 24,675
Operating income (loss) 1,449 (5) 3,305 (16,524)
Other income and (expense):        
Interest expense (157) (276) (470) (599)
Equity investment income (loss) 2 (29) (77) (1)
Total other income and (expense) (155) (305) (547) (600)
Income (loss) before income taxes 1,294 (310) 2,758 (17,124)
Provision for income taxes            
Net income (loss) before non-controlling interests 1,294 (310) 2,758 (17,124)
Net income (loss) attributable to non-controlling interests (20) (58) (32) (1,742)
Net income (loss) attributable to controlling interest $ 1,314 $ (252) $ 2,790 $ (15,382)
Net income (loss) per common share:        
Basic $ 0.01 $ 0.00 $ 0.02 $ (0.14)
Diluted $ 0.01 $ 0.00 $ 0.02 $ (0.14)
Weighted average common shares outstanding:        
Basic 112,513 112,228 112,468 112,228
Diluted 120,334 112,228 120,270 112,228