| Current Assets: |
| Cash and cash equivalents |
2.26M |
| Short-term investments |
394K |
| Receivables: |
| Accrued oil and gas sales |
4.91M |
| Trade |
3.82M |
| Derivative assets |
40K |
| Other current assets |
617K |
| Total current assets |
12.04M |
| Oil and gas properties, at cost, using full cost method: |
| Unevaluated oil and gas properties |
11.51M |
| Evaluated oil and gas properties |
129.27M |
| Less: accumulated depreciation, depletion and amortization of oil and gas properties |
-66.88M |
| Net oil and gas properties, at cost, using full cost method |
73.91M |
| Intangible assets, net of accumulated amortization of $1,198,000 in 2011 and $872,000 in 2010 |
2.82M |
| Compressor and tubular inventory to be used in development |
1.26M |
| Other, net |
28K |
| Total Assets |
90.05M |
| Current Liabilities: |
| Accounts payable |
| Revenue distribution payable |
981K |
| Accrued compensation |
404K |
| Other accrued liabilities |
| Derivative liability |
| Income taxes payable |
105K |
| Total current liabilities |
23.52M |
| Long Term Liabilities: |
| Deferred income taxes, net |
6.15M |
| Non-current derivative liability |
| Asset retirement obligation |
1.44M |
| Total liabilities |
37.11M |
| Commitments: |
0 |
| Stockholders' Equity: |
| Preferred stock, no par value, 5,000,000 shares authorized, none issued |
0 |
| Common stock, $.10 par value, 20,000,000 shares authorized, 10,660,000 issued |
1.07M |
| Capital in excess of par value |
31.53M |
| Treasury stock at cost, 619,000 shares in 2011 and 601,000 in 2010 |
-4.65M |
| Retained earnings |
25M |
| Total stockholders' equity |
| Total Liabilities and Stockholders' Equity |
90.05M |
