(7) Equity Investment in Sunrise Energy

12 Months Ended

Dec. 31, 2013

Equity Investment In Sunrise Energy [Abstract]

Equity Investment In Sunrise Energy [Text Block]

(7)   Investment in Sunrise Energy

We own a 50% interest in Sunrise Energy, LLC which owns gas reserves and gathering equipment with plans to develop and operate such reserves. 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 December 31, for both years and a condensed statement of operations for both years.  Sunrise Energy’s proved oil and gas reserves are not material. 

Condensed Balance Sheet

	2013		2012
Current assets	$	3,109	$	1,754
Oil and gas properties, net		6,781		6,934
	$	9,890	$	8,688
Total liabilities	$	756	$	762
Members' capital		9,134		7,926
	$	9,890	$	8,688

Condensed Statement of Operations

	2013			2012
Revenue	$	3,399		$	2,450
Expenses		(2,141	)		(2,117	)
Net  income	$	1,258		$	333