| Current assets: |
| Cash and cash equivalents |
3.72M |
| Cash held in escrow |
282K |
| Accounts receivable |
5.33M |
| Assets from price risk management |
3.22M |
| Other current assets |
3.21M |
| Total current assets |
15.76M |
| Oil and gas properties and equipment, successful efforts method: |
| Developed properties |
227.77M |
| Wells in progress |
10.01M |
| Gas transportation pipeline |
5.51M |
| Undeveloped properties |
| Corporate and other assets |
2.07M |
| Total oil and gas properties and equipment, successful efforts method |
248.07M |
| Less accumulated depreciation, depletion and amortization |
-114.83M |
| Net properties and equipment |
133.24M |
| Assets from price risk management |
177K |
| Other assets |
58K |
| TOTAL ASSETS |
149.23M |
| Current liabilities: |
| Accounts payable and accrued expenses |
8.85M |
| Accrued production taxes |
2.33M |
| Capital lease obligations, current portion |
| Other current liabilities |
222K |
| Total current liabilities |
12.05M |
| Line of credit |
47.45M |
| Asset retirement obligation |
8.66M |
| Deferred tax liability |
5.16M |
| Total liabilities |
73.63M |
| 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 |
1.13M |
| Additional paid-in capital |
44.74M |
| Retained earnings |
-8.24M |
| Accumulated other comprehensive income |
| Total stockholders' equity |
37.63M |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
149.23M |
