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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue:        
Natural gas sales $ 961 $ 1,268 $ 2,053 $ 2,886
Oil sales 808 1,565 1,436 3,083
Commodity derivative (loss) income (774) (59) (634) 147
Other (loss) income (33) 1 18
Total revenue 995 2,741 2,856 6,134
Expenses:        
Lease operating expenses 653 778 1,242 1,613
Transportation costs 385 357 758 755
Production and property taxes 124 230 259 429
General and administrative 1,552 1,791 3,075 3,666
Depreciation, depletion and amortization 436 696 938 1,341
Accretion of asset retirement obligations 35 32 70 63
Impairment of oil and gas properties 409 4,299
Total expenses 3,594 3,884 10,641 7,867
Operating loss (2,599) (1,143) (7,785) (1,733)
Other income and (expense):        
Interest expense (46) (53) (103) (97)
Other 17 (11) 17 (36)
Equity investment income (loss) (6) (2) (6) (1)
Total other expense (35) (66) (92) (134)
Loss before income taxes (2,634) (1,209) (7,877) (1,867)
Provision for income taxes
Net loss before non-controlling interests (2,634) (1,209) (7,877) (1,867)
Net loss attributable to non-controlling interests (116) (28) (432) (56)
Net (loss) income attributable to controlling interest $ (2,518) $ (1,181) $ (7,445) $ (1,811)
Net loss per common share:        
Basic $ (0.02) $ (0.01) $ (0.07) $ (0.02)
Diluted $ (0.02) $ (0.01) $ (0.07) $ (0.02)
Weighted average common shares outstanding:        
Basic 109,966 107,166 108,573 106,554
Diluted 109,966 107,166 108,573 106,554