By means of three-dimensional hydrodynamic simulations with a Eulerian PPM code we investigate the formation and the properties of the accretion torus around the stellar mass black hole which originates from the merging of two neutron stars. The simulations are performed with four nested cartesian grids which allow for both a good resolution near the central black hole and a large computational volume. They include the use of a physical equation of state as well as the neutrino emission from the hot matter of the torus. The gravity of the black hole is described with a Newtonian and alternatively with a Paczynski-Wiita potential. In a post-processing step, we evaluate our models for the energy deposition by nu-nubar annihilation around the accretion torus. Our models show that nu-nubar annihilation can yield the energy to account for weak, short gamma-ray bursts, if moderate beaming is involved. In fact, the barrier of the dense baryonic gas of the torus suggests that the low-density pair-photon-plasma is beamed as axial jets into a fraction 2 delta Omega/ (4 pi) between 1/100 and 1/10 of the sky, corresponding to opening half-angles of roughly ten to several tens of degrees. Thus gamma-burst energies of 10^{50}--10^{51} erg seem within the reach of our models (if the source is interpreted as radiating isotropically), corresponding to luminosities around 10^{51} erg/s for typical burst durations of 0.1--1 s. Gravitational capture of radiation by the black hole, redshift and ray bending do not reduce the jet energy significantly. Effects associated with the Kerr character of the rapidly rotating black hole, however, could increase the gamma-burst energy considerably, and effects due to magnetic fields might even be required to get the energies for long complex gamma-ray bursts.