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CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 10,419,968 $ 1,117,303
Prepaid and other current assets 716,217 685,678
Total Current Assets 11,136,185 1,802,981
Property, plant and equipment, at cost:    
Property, plant and equipment 96,411,460 96,407,310
Less accumulated depreciation, depletion and impairment (65,744,117) (65,566,411)
Net property, plant and equipment 30,667,343 30,840,899
Restricted cash 4,010,967 4,010,937
Total Assets 45,814,495 36,654,817
Current Liabilities:    
Accounts payable 1,042,724 1,243,169
Accrued liabilities 1,193,383 1,775,491
Current portion of asset retirement obligations 151,434  
Current portion of capital leases 8,650 10,543
Total Current Liabilities 2,396,191 3,029,203
Asset retirement obligations 3,637,068 3,833,608
Derivative liability - convertible loan 3,956,886 2,169,408
Convertible loan, related party 3,425,219 1,024,715
Other long-term liabilities and deferred credits 1,350,000 1,350,000
Long-term capital leases, less current portion   4,495
Total Liabilities 14,765,364 11,411,429
Commitments and contingencies (Notes 3, 5, 6 and 10)      
Stockholders' Equity:    
Common stock, 200,000,000 shares authorized, $.001 par value; 24,686,715 and 19,820,258 shares issued and outstanding, respectively 24,691 19,824
Paid-in capital 229,092,383 216,703,028
Accumulated deficit (198,058,525) (191,470,046)
Less: Treasury stock (3,813 shares), at cost (9,418) (9,418)
Total Stockholders' Equity 31,049,131 25,243,388
Total Liabilities and Stockholders' Equity $ 45,814,495 $ 36,654,817