CONSOLIDATED STATEMENTS OF OPERATION (unaudited) (amounts in thousands, except per share data) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012	Jun. 30, 2011
Revenue
Oil and gas operations, net of royalties	$ 325	$ 280	$ 615	$ 560
Real estate operations	663	733	1,337	1,462
Total Revenue	988	1,013	1,952	2,022
Operating expenses
Oil and gas operations	453	365	924	700
Real estate operations.	353	321	719	711
Lease expense	231	193	462	384
Corporate general and administrative	134	126	293	250
Accretion of asset retirement obligation	34	32	68	64
Impairment of natural gas and oil properties	0	0	912	0
Total Operating Expenses	1,205	1,037	3,378	2,109
Operating earnings (loss)	(217)	(24)	(1,426)	(87)
Other income (expense)
Interest income	0	120	0	239
Interest expense	(56)	(31)	(118)	(62)
Other income (expense), net	104	1	108	73
Income/(Expense)	48	90	(10)	250
Net income (loss) applicable to common shares	$ (169)	$ 66	$ (1,436)	$ 163
Net income (loss) per common share-basic and diluted	$ (0.09)	$ 0.03	$ (0.74)	$ 0.08
Weighted average common and equivalent shares outstanding - basic	1,947	1,947	1,947	1,947