Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
CURRENT ASSETS:
Cash and cash equivalents		$ 4,068
Accounts receivable, trade and other, net of allowance	1,400	744
Accrued oil and natural gas revenue	12,228	14,464
Fair value of oil and natural gas derivatives	1,826	803
Inventory	584	596
Prepaid expenses and other	488	533
Total current assets	16,526	21,208
PROPERTY AND EQUIPMENT:
Unevaluated properties	231	180
Oil and natural gas properties (full cost method)	234,242	206,097
Furniture, fixtures and equipment and other capital assets	4,307	1,360
	238,780	207,637
Less: Accumulated depletion, depreciation and amortization	(52,695)	(42,447)
Net property and equipment	186,085	165,190
Deferred tax asset	786	786
Other	543	580
TOTAL ASSETS	203,940	187,764
CURRENT LIABILITIES:
Accounts payable	28,375	25,734
Accrued liabilities	17,479	16,518
Fair value of oil and natural gas derivatives	742
Total current liabilities	46,596	42,252
Long term debt, net	84,969	76,820
Accrued abandonment cost	3,886	3,791
Fair value of oil and natural gas derivatives	0	471
Other non-current liabilities	1,871
Total liabilities	137,322	123,334
Commitments and contingencies (See Note 9)
STOCKHOLDERS’ EQUITY:
Preferred stock: 10,000,000 shares $1.00 par value authorized, and none issued and outstanding	0	0
Common stock: $0.01 par value, 75,000,000 shares authorized, and 12,152,318 and 12,150,918 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively	122	122
Treasury stock (414 and zero shares, respectively)	(5)
Additional paid in capital	76,606	74,861
Accumulated deficit	(10,105)	(10,553)
Total stockholders’ equity	66,618	64,430
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 203,940	$ 187,764