Current assets: |
Cash and cash equivalents |
2.45M |
Cash held in escrow |
283K |
Accounts receivable |
Assets from price risk management |
6.74M |
Other current assets |
1.05M |
Total current assets |
12.49M |
Oil and gas properties and equipment, successful efforts method: |
Developed properties |
177.63M |
Wells in progress |
Gas transportation pipeline |
Undeveloped properties |
1.65M |
Corporate and other assets |
1.43M |
Total oil and gas properties and equipment, successful efforts method |
188.86M |
Less accumulated depreciation, depletion and amortization |
-122.45M |
Net properties and equipment |
66.42M |
Assets from price risk management |
1.61M |
Other assets |
2.43M |
TOTAL ASSETS |
82.95M |
Current liabilities: |
Accounts payable and accrued expenses |
7.93M |
Accrued production taxes |
Capital lease obligations, current portion |
Other current liabilities |
Total current liabilities |
47.23M |
Line of credit |
Asset retirement obligation |
7.92M |
Deferred tax liability |
Total liabilities |
55.14M |
Preferred stock, $0.10 par value; 10,000,000 shares authorized; 1,610,000 shares issued and outstanding as of June 30, 2011 and December 31, 2010 |
Stockholders' equity: |
Common stock, $0.10 par value; 50,000,000 shares authorized; 11,203,747 issued and 11,191,775 shares outstanding as of June 30, 2011 and 11,165,305 issued and 11,155,080 outstanding as of December 31, 2010, respectively |
1.43M |
Additional paid-in capital |
43.56M |
Retained earnings |
-55.16M |
Accumulated other comprehensive income |
Total stockholders' equity |
-10.17M |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
82.95M |