Annual report pursuant to Section 13 and 15(d)

Oil and Gas Activities (Tables)

v2.4.0.8
Oil and Gas Activities (Tables)
 12 Months Ended
Jun. 30, 2013
Oil and Gas Exploration and Production Industries Disclosures [Abstract]  
Cost Incurred in Oil and Gas Property Acquisition, Exploration, and Development Activities Disclosure
Costs incurred in oil and gas property acquisition, exploration, and development activities, whether capitalized or expensed, are summarized as follows:
 
United States
 
Australia
 
United Kingdom
 
Total
 
(In thousands)
Fiscal year ended June 30, 2013
 
 
 
 
 
 
 
Proved
$
3,399

 
$
—

 
$
—

 
$
3,399

Unproved
157

 
179

 
335

 
671

Exploration Costs
398

 
4,169

 
3,700

 
8,267

Development Costs
2,045

 
—

 
—

 
2,045

Total, including asset retirement obligation
$
5,999

 
$
4,348

 
$
4,035

 
$
14,382

 
 
 
 
 
 
 
 
Fiscal year ended June 30, 2012
 
 
 
 
 
 
 
Proved
$
1,606

 
$
5,634

 
$
—

 
$
7,240

Unproved
945

 
3,787

 
—

 
4,732

Exploration Costs
2,192

 
1

 
5

 
2,198

Development Costs
2,779

 
—

 
—

 
2,779

Total, including asset retirement obligation
$
7,522

 
$
9,422

 
$
5

 
$
16,949

Schedule of Capitalized Costs of Unproved Properties Excluded from Amortization
The net changes in capitalized costs that are currently not being depleted pending the determination of proved reserves can be summarized as follows:
 
United States
 
Australia
 
United Kingdom
 
Total
 
(In thousands)
Fiscal year ended June 30, 2013
 
 
 
 
 
 
 
Fiscal year beginning balance
$
1,823

 
$
4,388

 
$
4,624

 
$
10,835

Additions to capitalized costs
1,954

 
—

 
335

 
2,289

Reclassified to producing properties
(3,223
)
 
—

 
—

 
(3,223
)
Charged to expense
(57
)
 
—

 
(3,035
)
 
(3,092
)
Exchange adjustment
—

 
(412
)
 
(162
)
 
(574
)
Fiscal year closing balance
$
497

 
$
3,976

 
$
1,762

 
$
6,235

 
 
 
 
 
 
 
 
Fiscal year ended June 30, 2012
 
 
 
 
 
 
 
Fiscal year beginning balance
$
2,411

 
$
415

 
$
5,259

 
$
8,085

Additions to capitalized costs
4,631

 
3,973

 
1,369

 
9,973

Assets sold or held for sale
(150
)
 
—

 
—

 
(150
)
Reclassified to producing properties
(3,772
)
 
—

 
—

 
(3,772
)
Charged to expense
(1,297
)
 
—

 
(2,106
)
 
(3,403
)
Exchange adjustment
—

 
—

 
102

 
102

Fiscal year closing balance
$
1,823

 
$
4,388

 
$
4,624

 
$
10,835