CONSOLIDATED STATEMENTS OF OPERATION (unaudited) (amounts in thousands, except per share data) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Oil and gas operations, net of royalties	$ 274	$ 313	$ 889	$ 873
Real estate operations	702	690	2,039	2,152
Total Revenue	976	1,003	2,928	3,025
Oil and gas operations	432	325	1,356	1,025
Real estate operations expense	359	440	1,078	1,151
Lease expense	231	192	693	576
Corporate general and administrative	108	101	402	351
Accretion of asset retirement obligation	0	32	68	96
Impairment of natural gas and oil properties	0	0	912	0
Operating expenses,	1,130	1,090	4,509	3,199
Operating earnings (loss)	(154)	(87)	(1,581)	(174)
Interest income	0	121	0	360
Interest expense	(52)	(31)	(170)	(93)
Other income (expense), net	1,726	(60)	1,835	13
Income/(Expense)	1,674	30	1,665	280
Net income (loss) applicable to common shares	$ 1,520	$ (57)	$ 84	$ 106
Net income (loss) per common share-basic and diluted	$ 0.78	$ (0.03)	$ 0.04	$ 0.05
Weighted average common and equivalent shares outstanding - basic	1,947	1,947	1,947	1,947