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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue:        
Natural gas sales $ 1,431 $ 1,567 $ 3,484 $ 4,453
Oil sales 765 1,104 2,201 4,187
Commodity derivative income (loss) 160 353 (474) 500
Other income 9 53 10 71
Total revenue 2,365 3,077 5,221 9,211
Expenses:        
Lease operating expenses 622 717 1,864 2,330
Transportation costs 364 496 1,121 1,251
Production and property taxes 184 334 443 763
General and administrative 2,327 1,830 5,402 5,496
Depreciation, depletion and amortization 393 611 1,332 1,952
Accretion of asset retirement obligations 35 32 105 95
Impairment of oil and gas properties 4,299
Total expenses 3,925 4,020 14,566 11,887
Operating loss (1,560) (943) (9,345) (2,676)
Other income and (expense):        
Interest expense (38) (52) (141) (149)
Equity investment (loss) income (4) 7 (10) 6
Other income (expense) 21 17 (15)
Total (expense) (42) (24) (134) (158)
Loss before income taxes (1,602) (967) (9,479) (2,834)
Provision for income taxes
Net loss before non-controlling interests (1,602) (967) (9,479) (2,834)
Net loss attributable to non-controlling interests (3) (9) (435) (65)
Net loss attributable to controlling interest $ (1,599) $ (958) $ (9,044) $ (2,769)
Net loss per common share:        
Basic $ (0.01) $ (0.01) $ (0.08) $ (0.03)
Diluted $ (0.01) $ (0.01) $ (0.08) $ (0.03)
Weighted average common shares outstanding:        
Basic 110,149 107,047 109,102 106,720
Diluted 110,149 107,047 109,102 106,720