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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue:        
Natural gas sales $ 4,023 $ 961 $ 8,017 $ 2,053
Oil sales 1,146 808 2,192 1,436
Commodity derivative gain (loss) 998 (774) 3,141 (634)
Other income 10 20 1
Total revenue 6,177 995 13,370 2,856
Expenses:        
Lease operating expenses 1,501 653 2,706 1,242
Transportation costs 525 385 1,015 758
Production and property taxes 443 124 855 259
General and administrative 1,748 1,552 3,494 3,075
General and administrative - related party reimbursement (225) (300)
Depreciation, depletion and amortization 662 436 1,234 938
Accretion of asset retirement obligations 78 35 155 70
Impairment of oil and gas properties 409 4,299
Total expenses 4,732 3,594 9,159 10,641
Operating income (loss) 1,445 (2,599) 4,211 (7,785)
Other income and (expense):        
Interest expense (254) (46) (522) (103)
Warrant derivative gain 853 1,683
Equity investment income (loss) (7) (6) (6)
Other 17 17
Total other income (expense) 592 (35) 1,161 (92)
Income (loss) before income taxes 2,037 (2,634) 5,372 (7,877)
Provision for income taxes
Net income (loss) before non-controlling interests 2,037 (2,634) 5,372 (7,877)
Net income (loss) attributable to non-controlling interests 33 (116) 76 (432)
Net income (loss) attributable to controlling interest $ 2,004 $ (2,518) $ 5,296 $ (7,445)
Net income (loss) per common share:        
Basic $ 0.36 $ (0.46) $ 0.95 $ (1.37)
Diluted $ 0.17 $ (0.46) $ 0.56 $ (1.37)
Weighted average common shares outstanding:        
Basic 5,620 5,498 5,554 5,429
Diluted 6,588 5,498 6,458 5,429