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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss for the period $ (9,678) $ (14,029)
Adjustments to reconcile loss for the period to net cash and cash equivalents used in operations:    
Depreciation 118 210
Asset retirement obligation (9) (49)
Realized gain on derivatives 0 (14)
Unrealized (gain)/loss on derivatives 0 (102)
Stock-based compensation 254 517
Adjustments Total (9,315) (13,467)
Changes in working capital:    
Accounts receivable 11 8
Interest receivable 6 (2)
Prepaid expenses 153 87
Accounts payable and accrued liabilities (190) (314)
Net cash and cash equivalents used in operating activities (9,335) (13,688)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of equipment (2) (33)
Proceeds from sale of equipment 2 0
Net cash and cash equivalents provided by (used in) investing activities 0 (33)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Cash received for common shares, net of share issuance costs 3,077 (42)
Net cash and cash equivalents provided by (used in) financing activities 3,077 (42)
Decrease in cash and cash equivalents (6,258) (13,763)
Cash and cash equivalents - beginning of the period 10,139 23,902
Cash and cash equivalents - end of the period $ 3,881 $ 10,139