Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2017

Summary of Significant Accounting Policies [Abstract]

Summary of reconciliation of the ARO

(in thousands)	Six Months Ended June 30,
	2017			2016
Balance at beginning of period	$	5,120		$	3,095
Accretion expense		155			70
Additions during period		5			5
		5,280			3,170
Less: ARO recognized as a current liability		(183	)		-
Balance at end of period	$	5,097		$	3,170

Schedule of basic and diluted income (loss) per share

in thousands except per share amounts	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Basic Earnings (Loss) per Share
Net income (loss) available to common shareholders, basic	$	2,004		$	(2,518	)	$	5,296		$	(7,445	)
Weighted average shares outstanding, basic		5,620			5,498			5,554			5,429
Net income (loss) per common share, basic	$	0.36		$	(0.46	)	$	0.95			(1.37	)
Diluted Earnings (Loss) per Share
Net income (loss) available to common shareholders, basic	$	2,004		$	(2,518	)	$	5,296		$	(7,445	)
Less: decrease in fair value of warrant		(853	)		-			(1,684	)		-
Adjusted net income (loss) available to common shareholders, diluted	$	1,151		$	(2,518	)	$	3,612		$	(7,445	)
Weighted average shares outstanding, basic		5,620			5,498			5,554			5,429
Add: dilutive effects of warrant and nonvested shares of restricted stock		968			-			904			-
Weighted-average shares outstanding, diluted		6,588			5,498			6,458			5,429
Net income (loss) per common share, diluted	$	0.17		$	(0.46	)	$	0.56		$	(1.37	)