v2.4.0.6

STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Revenue
Oil and gas revenue	$ 334	$ 948
Expenses
Depletion and amortization	197	688
Impairment of oil and gas properties	(65)	2,985
Dry-hole costs	(62)	(3)
Operating expenses	128	553
General and administrative expenses	197	270
Total expenses	395	4,493
Loss from operations	(61)	(3,545)
Interest income	29	30
Net loss	(32)	(3,515)
Manager Interest
Net income (loss)	8	(16)
Shareholder Interest
Net loss	$ (40)	$ (3,499)
Net loss per share	$ (82)	$ (7,279)

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The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.

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The expense recorded to reduce the value of oil and gas assets consisting of proved properties and unproved properties as the estimate of future successful production from these properties is reduced.

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Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money.

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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Aggregate revenue during the period related to oil and gas business activities.

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Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense.

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The net result for the period of deducting operating expenses from operating revenues.

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Depreciation, depletion and amortization, and valuation provisions (impairments) related to oil and gas producing activities.

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Dry hole costs from oil and gas producing activities.

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