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CONSOLIDATED BALANCE SHEETS (amounts in thousands) (USD $)
Mar. 31, 2013
Dec. 31, 2012
Current assets    
Cash and cash equivalents $ 688 $ 398
Accounts receivable from oil and gas sales 187 210
Other current assets 2 2
Total current assets 877 610
Oil and natural gas properties (full cost accounting method)    
Proved developed and undeveloped oil and gas 9,558 9,717
Land, buildings and equipment - oil and gas operations 1,427 1,410
Other 203 204
Total property and equipment 1,630 1,614
Other assets (including $112,500 AND 161,300 due from related parties in 2013 and 2012) 576 543
Total assets 12,641 12,484
Current liabilities    
Accounts payable - trade 174 38
Accrued expenses 139 173
Current portion of long term debt 156 93
Total current liabilities 469 304
Notes payable-less current portion 2,234 2,273
Asset retirement obligation 2,770 2,770
Other long-term liabilities 491 491
Total liabilities 5,964 5,838
Stockholders' equity    
Preferred stock, Series B 1 1
Common stock, $.01 par value; authorized, 100,000,000 shares; issued and outstanding, 1,946,935 shares at March 31, 2013 and December 31, 2012. 20 20
Additional paid-in capital 58,838 58,838
Accumulated deficit (52,182) (52,213)
Total Stockholders' Equity 6,677 6,646
Total liabilities & equity $ 12,641 $ 12,484