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REVENUES AND EXPENSES DIRECTLY ASSOCIATED (Tables)
12 Months Ended
Dec. 31, 2012
REVENUES AND EXPENSES DIRECTLY ASSOCIATED (Tables)  
REVENUES AND EXPENSES DIRECTLY ASSOCIATED (Tables)

 

 

2012

 

 

2011

 

 

 

 

 

 

Oil and gas sales

 

$

1,812   

 

 

1,020

Production expenses

 

 

(1,093)

 

 

 

(1,095

Exploration expenses

 

 

-

 

 

 

 

Depreciation, depletion and amortization

 

 

(727)

 

 

 

(335

Accretion of asset retirement obligations

 

 

(68)

 

 

 

(129)

Impairment of oil and gas properties

 

 

(912)

 

 

 

-

General and administrative expenses

 

 

-

 

 

 

(1,428

Income tax benefit (expense)

 

 

-

 

 

 

(167)

 

 

 

 

 

 

 

 

Results of operations

 

$

(1,168)

 

 

$

(1,967