(4) Equity Investment in Sunrise Energy

3 Months Ended

Mar. 31, 2014

Equity Investment In Sunrise Energy [Abstract]

Equity Investment In Sunrise Energy [Text Block]

(4)  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 March 31, 2014 and a condensed statement of operations for the three months ended March 31, 2014 and 2013.

Condensed Balance Sheet

	2014
Current assets	$	3,319
Oil and gas properties, net		6,796
	$	10,115
Total liabilities	$	803
Members' capital		9,312
	$	10,115

Condensed Statement of Operations

	2014			2013
Revenue	$	782		$	812
Expenses		(605	)		(568	)
Net  income	$	177		$	244