CONSOLIDATED BALANCE SHEETS (USD $) In Thousands	Sep. 30, 2011	Dec. 31, 2010
Current Assets
Cash and cash equivalents	$ 5,544	$ 11,092
Accounts receivable - trade	12,483	12,512
Restricted investments in U.S. Treasury Bonds-available for sale, at fair value	133	110
Derivative financial instruments	377
Other current assets	1,036	1,040
Total current assets	19,573	24,754
Other Assets
Oil and gas properties-at cost, based on full cost method of accounting, net of accumulated depreciation, depletion and amortization (includes unproved properties excluded from amortization of $25,369 and $25,732 as of September 30, 2011 and December 31, 2010)	250,055	231,746
Property and equipment-at cost, net	16,764	10,817
Restricted investments in U.S. Treasury Bonds-available for sale, at fair value	1,194	987
Derivative financial instruments	716	392
Other assets	3,747	3,900
Total other assets	272,476	247,842
Total Assets	292,049	272,596
Current Liabilities
Current maturities of debentures and other long-term liabilities	1,288	3,631
Accounts payable and accruals	34,868	24,414
Derivative financial instruments	893	9,625
Total current liabilities	37,049	37,670
Long-Term Liabilities
Debentures, less current portion	1,486	1,486
Other long-term liabilities, less current portion	13,323	12,663
Derivative financial instruments		603
Line of credit	69,500	69,500
Total noncurrent liabilities	84,309	84,252
Commitments and Contingencies
Stockholders' Equity
8% convertible preferred stock, par value $.0001; authorized 10,000,000 shares, issued and outstanding, 10,703 shares and 10,703 in 2011 and 2010, respectively (aggregate liquidation preference $128 in 2011 and $128 in 2010)	128	128
Common stock - $.0001 par value; authorized, 100,000,000 shares; issued 71,518,810 shares in 2011 and 71,338,149 shares in 2010	7	7
Additional paid-in-capital	464,592	463,326
Accumulated deficit	(293,579)	(312,217)
Accumulated other comprehensive income, net of applicable income taxes of $179 in 2011 and $103 in 2010	271	158
Total stockholders' equity excluding common stock in Treasury	171,419	151,402
Less common stock in Treasury-at cost; 632,250 shares in 2011 and 2010	728	728
Total stockholders' equity	170,691	150,674
Total Liabilities and Stockholders' Equity	$ 292,049	$ 272,596