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CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current assets    
Cash and cash equivalents $ 311 $ 1,621
Accounts receivable from oil and gas sales 232 195
Other current assets 176 203
Total current assets 719 2,019
Oil and natural gas properties (full cost accounting method)    
Proved developed and undeveloped oil and gas properties, net of depletion 8,913 9,190
Property and equipment, net of depreciation    
Land, buildings and equipment - oil and gas operations 1,501 1,442
Other 172 183
Total property and equipment 1,673 1,625
Other assets (including $125 and $161 due from related parties in 2014 and 2013) 1,218 474
Total assets 12,523 13,308
Current liabilities    
Accounts payable - trade 362 121
Accrued expenses 321 965
Current portion of long term debt 215 185
Total current liabilities 898 1,271
Long-term debt    
Notes payable less current portion 2,126 2,195
Asset retirement obligation 2,770 2,770
Total liabilities 5,794 6,236
Stockholders' equity    
Preferred stock, Series B 1 1
Common stock, $.01 par value; authorized, 100,000,000 shares; issued and outstanding, 1,946,934 shares at September 30, 2014 and December 31, 2013 20 20
Additional paid-in capital 58,838 58,838
Accumulated deficit (52,130) (51,787)
Total Stockholders' equity 6,729 7,072
Total liabilities & equity $ 12,523 $ 13,308