BALANCE SHEETS (unaudited) (Dollar Figures are in Thousands) (USD $)	Sep. 30, 2012	Dec. 31, 2011
Current assets
Cash and cash equivalents	$ 235,000	$ 109,000
Accounts receivable from oil and gas sales	177,000	167,000
Other current assets	5,000	20,000
Total current assets	417,000	296,000
Oil and natural gas properties (full cost accounting method)
Proved developed and undeveloped oil and gas properties, net of depletion	9,856,000	11,141,000
Property and equipment, net of depreciation
Land, buildings and equipment - oil and gas operations	1,429	1,486
Other	184,000	150,000
Total property and equipment	1,613,000	1,636,000
Other assets	635,000	377,000
Total assets	12,521,000	13,450,000
Current liabilities
Accounts payable - trade	110,000	422,000
Accrued expenses	242,000	417,000
Total current liabilities	352,000	839,000
Long-term debt
Notes payable	2,347,000	2,249,000
Payable - related parties		691,000
Asset retirement obligation	2,770,000	2,702,000
Other long-term liabilities	490,000	491,000
Total liabilities	5,959,000	6,972,000
Stockholders' equity
Preferred stock, Series B	1,000	1,000
Common stock, $.01 par value; authorized, 100,000,000 shares; issued and outstanding, 1,946,935 shares at March 31, 2012 and December 31, 2011	20	20
Additional paid-in capital	58,838,000	58,838,000
Accumulated deficit	(52,297,000)	(52,381,000)
Total Stockholders' Equity	6,562,000	6,478,000
Total liabilities and equity	$ 12,521,000	$ 13,450,000