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Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue        
Oil and gas operations, net of royalties $ 93 $ 164 $ 218 $ 344
Operating expenses        
Oil and gas operations 163 231 341 410
Corporate general and administrative 127 134 231 222
Total Operating Expenses 290 365 572 632
Operating earnings (loss) (197) (201) (354) (288)
Other income (expense)        
Interest income 63 64 127 129
Interest expense (3) (4) (7) (9)
Other income (expense), net 153
Expense 60 60 120 273
Net income (loss) applicable to common shares $ (137) $ (141) $ (234) $ (15)
Net income (loss) per common share-basic and diluted $ (0.03) $ (0.03) $ (0.05)
Weighted average common and equivalent shares outstanding - basic 5,132 5,132 5,132 5,132