(5) Investment in Sunrise Energy (Sunrise Energy)

6 Months Ended

Jun. 30, 2013

Sunrise Energy

(5) Investment in Sunrise Energy [Line Items]

Equity Investment In SELLC

(5)  Investment in Sunrise Energy

In late December 2010, we invested $2.4 million for a 50% interest in Sunrise Energy, LLC which then purchased existing gas reserves and gathering equipment from an unrelated third party with plans to develop and operate such reserves. An additional $500 thousand was invested in January 2012. Sunrise Energy also plans to develop and explore for coal-bed methane gas reserves on or near our underground coal reserves. They use the successful efforts method of accounting. We account for our interest using the equity method of accounting.

Below (in thousands) to the 100% is a condensed balance sheet at June 30, 2013, and a condensed statement of operations for the six months ended June 30, 2013 and 2012.

Condensed Balance Sheet

	2013
Current assets	$	2,506
Oil and gas properties, net		6,842
	$	9,348
Total liabilities	$	727
Members' capital		8,621
	$	9,348

Condensed Statement of Operations

	2013			2012
Revenue	$	1,691		$	1,086
Expenses		(997	)		(1,023	)
Net  income	$	694		$	63