QUARTERLY DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2011

QUARTERLY DATA (UNAUDITED)

QUARTERLY DATA (UNAUDITED)

NOTE M - QUARTERLY DATA (UNAUDITED)

The table below reflects the Company’s selected quarterly information for the years ended December 31, 2011, 2009 and 2008.  Amounts shown are in thousands except per share amounts.

	First			Second			Third			Fourth
Year ended December 31, 2011	Quarter			Quarter			Quarter			Quarter
Revenue	$	1,009		$	1,013		$	1,003		$	876
Operating (expense)		(948	)		(911	)		(990	)		(2,334	)
Corporate general and administrative expense		(124	)		(126	)		(101	)		(228	)
Impairment of natural gas and oil properties		—			—			—			—
Other income (expense) net		160			90			30			(10,212	)
Net income (loss) from continuing operations		97			66			(57	)		(11,899	)
Income (loss) allocable to common shareholders	$	97		$	66		$	(57	)	$	(11,899	)
Income (loss) per common share – basic	$	0.05		$	0.03		$	(0.03	)	$	(6.10	)

Year ended December 31, 2010
Revenue	$	973		$	1,082		$	1,112		$	(3,167	)
Operating (expense)		(950	)		(948	)		(891	)		2,789
Corporate general and administrative expense		(199	)		(124	)		(124	)		447
Impairment of natural gas and oil properties		—			—			—			—
Other income (expense) net		126			285			91			(512	)
Net income (loss) from continuing operations		(40	)		(273	)		188			125
Income (loss) allocable to common shareholders	$	(40	)	$	(273	)	$	188			125
Income (loss) per common share – basic	$	(0.02	)	$	(0.12	)	$	0.10		$	0.06

Year ended December 31, 2009
Revenue	$	1,068		$	1,049		$	970		$	1,011
Operating (expense)		(965	)		(992	)		(864			(1,288	)
Corporate general and administrative expense		(262	)		(235	)		(169	)		(357	)
Impairment of natural gas and oil properties		—			—			—			(1,695	)
Other income (expense) net		182			94			112			131
Net income (loss) from continuing operations		23			(84	)		49			(2,198	)
Income (loss) allocable to common shareholders	$	23		$	(84	)	$	49		$	(2,198	)
Income (loss) per common share – basic	$	0.01		$	(0.04	)	$	0.03		$	(1.27	)