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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 113 $ 473
Accounts receivable from oil and gas sales 119 141
Other current assets 206 37
Total current assets 438 651
Oil and natural gas properties (full cost accounting method)    
Proved developed and undeveloped oil and gas properties, net of depletion 5,608 5,914
Property and equipment, net of depreciation    
Land, buildings and equipment - oil and gas operations 706 803
Other 25 134
Total property and equipment 731 937
Other assets 401 1,373
Total assets 7,178 8,875
Current liabilities    
Accounts payable - trade (including$160 and $168 in 2016 and 2015 due to related parties) 238 241
Accrued expenses 59 151
Current portion of long term debt 96 831
Total current liabilities 393 1,223
Long-term debt    
Notes payable less current portion 296 1,211
Asset retirement obligation 2,770 2,770
Total liabilities 3,459 5,204
Stockholders' equity    
Series B convertible preferred stock, $10 par value, liquidation value of $100 authorized 100 shares, issued and outstanding one share 1 1
Common stock, $.01 par value; authorized, 100,000,000 shares; issued and outstanding, 1,946,935 shares at December 31, 2016 and 2015 20 20
Additional paid-in capital 58,838 58,838
Accumulated deficit (55,140) (55,188)
Total Stockholder's equity 3,719 3,671
Total liabilities & stockholders' equity $ 7,178 $ 8,875