Registration of securities issued in business combination transactions

Segment Information

v3.6.0.2
Segment Information
 3 Months Ended 12 Months Ended
Sep. 30, 2016
Jun. 30, 2016
Segment Reporting [Abstract]    
Segment Information

Note 15 — Segment Information

The Company conducts its operations through two wholly owned subsidiaries corresponding to the geographical areas in which the Company operates: MPUK, which includes the Company’s continuing operations in the UK; and MPA, which includes the Company’s operations in Australia. Oversight for these subsidiaries is provided by Corporate, which is treated as a cost center. The following table presents segment information for the Company’s two reportable segments:

 

     THREE MONTHS ENDED   
     September 30,  
     2016            2015  
     (In thousands)  

Net (loss) income:

        

MPA

    $ (90)         $ (335)    

MPUK

    $ (185)         $ 1     

Corporate

      (1,920)           (1,710)    

Inter-segment elimination

      —             4     
  

 

 

       

 

 

  

Consolidated net loss from continuing operations

    $             (2,195)         $ (2,040)    
  

 

 

       

 

 

  
       
     September 30,
2016		            June 30,
2016		  
     (In thousands)  

Total assets:

        

MPA

    $ 1,069          $ 1,194     

MPUK

    $ 2,345            1,234     

Corporate

      59,762            61,315     

Inter-segment elimination (1)

      (57,339)           (58,235)    
  

 

 

       

 

 

  

Total assets of continuing operations

    $             5,837          $             5,508     
  

 

 

       

 

 

  

 

(1) Asset inter-segment eliminations are primarily attributable to investments in subsidiaries.

Note 15 — Segment Information

Following the closing of the Exchange, the Company will conduct its operations through two wholly owned subsidiaries. As of March 31, 2016, NP, which included the Company’s operations in the United States, has been reclassified to discontinued operations and the carrying value of its assets have been included in assets held for sale for all periods presented. As of June 30, 2016, the Company’s operations related to the central Weald licenses and the peripheral Weald license have also been reclassified to discontinued operations, and the carrying value of the related assets have been included in assets held for sale for all periods presented. As of June 30, 2016, the Company’s two reportable segments include MPUK, which includes the Company’s continuing operations in the UK; and MPA, which includes the Company’s operations in Australia. Oversight for these subsidiaries is provided by Corporate, which is treated as a cost center.

 

The following table presents segment information for the fiscal years ended:

 

     June 30,  
     2016      2015  
     (In thousands)  

Net income (loss) from continuing operations:

      

MPA

      1,497          (16,146)   

MPUK

      (371)         (1,079)   

Corporate

      (4,507)         (4,394)   

Inter-segment eliminations

      53          23    
  

 

 

     

 

 

  

Consolidated net losses from continuing operations

     $         (3,328)        $ (21,596)   
  

 

 

     

 

 

  
     

Assets:

      

MPA

      1,194                  4,593    

MPUK (1)

      1,234          1,067    

Corporate

      61,315          60,733    

Inter-segment eliminations (2)

      (58,235)         (58,129)   
  

 

 

     

 

 

  

Consolidated assets of continuing operations

     $ 5,508         $ 8,264    
  

 

 

     

 

 

  
     

Expenditures for additions to long-lived assets:

      

MPUK

      —          —    

Corporate

      1          3    
  

 

 

     

 

 

  

Consolidated expenditures for long-lived assets of continuing operations

     $ 1         $ 3    
  

 

 

     

 

 

  

 

(1) Refer to Note 22 — Supplemental Oil and Gas Information (Unaudited) for disclosures relating to non-cash charges to capitalized costs.
(2) Asset inter-segment eliminations are primarily derived from investments in subsidiaries.

The following table summarizes other significant items for the fiscal years ended:

 

     June 30,  
     2016      2015  
     (In thousands)  

Depreciation:

      

Corporate

      54          148    
  

 

 

     

 

 

  

Consolidated depreciation

     $         54         $         148    
  

 

 

     

 

 

  
     

Exploration:

      

MPA

      53          91    

MPUK

      18          148    
  

 

 

     

 

 

  

Consolidated exploration

     $ 71         $ 239