Annual report pursuant to Section 13 and 15(d)

Segment Information

v2.4.0.8
Segment Information
 12 Months Ended
Jun. 30, 2014
Segment Reporting [Abstract]  
Segment Information
Note 13 - Segment Information
The Company conducts its operations through three wholly owned subsidiaries: NP, which operates in the US; MPUK, which includes our operations in the UK; and MPA, which is primarily active in Australia. Oversight for these subsidiaries is provided by Corporate which is treated as a cost center. Due to the sale of the Amadeus Basin assets held by MPA, results of operations related to Palm Valley and Dingo are included in results of operations from discontinued operations.
The following table presents segment information for the fiscal years ended:
 
June 30,
 
2014
 
2013
 
(In thousands)
Revenue from NP oil production
$
7,601

 
$
6,131

 
 
 
 
Net income (loss) from continuing operations:
 
 
 
NP (1)
$
1,828

 
$
(326
)
MPA
(934
)
 
(3,555
)
MPUK
(2,585
)
 
(4,726
)
Corporate
(8,351
)
 
(8,222
)
Consolidated net losses from continuing operations
$
(10,042
)
 
$
(16,829
)
 
 
 
 
Assets:
 
 
 
NP
$
27,299

 
$
26,093

MPA
14,073

 
32,735

MPUK (2)
4,486

 
2,021

Corporate
111,113

 
96,229

Inter-segment eliminations (3)
(75,536
)
 
(74,806
)
Consolidated assets
$
81,435

 
$
82,272

 
 
 
 
Expenditures for additions to long lived assets:
 
 
 
NP
$
20,334

 
$
2,124

MPUK
526

 
350

Corporate
63

 
258

Consolidated expenditures for long lived assets
$
20,923

 
$
2,732

(1) The downward revision of the contingent consideration payable resulted in $2.1 million of other income associated with our NP segment, refer Note 7.
(2) Refer Note 20 for disclosures relating to non-cash charges to capitalized costs.
(3) 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,
 
2014
 
2013
 
(In thousands)
Depletion, depreciation, amortization, and accretion:
 
 
 
NP
$
977

 
$
988

Corporate
146

 
133

Consolidated depletion, depreciation, amortization, and accretion
$
1,123

 
$
1,121

 
 
 
 
Lease operating:
 
 
 
NP
$
6,257

 
$
4,851

 
 
 
 
Exploration:
 
 
 
NP
$
541

 
$
398

MPA
436

 
3,809

MPUK
2,507

 
3,700

Consolidated exploration
$
3,484

 
$
7,907