| 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 |
