Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data

v2.4.0.8
Quarterly Financial Data
12 Months Ended
Jun. 30, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data
Note 21 - Quarterly Financial Data (Unaudited)
The following table summarizes the unaudited quarterly financial data, including continuing (loss) income before income taxes, net (loss) income, and net (loss) income per common share for the fiscal years ended:
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
June 30,
2014
 
(In thousands, except per share data)
Fiscal year ended June 30, 2014
 
 
 
 
 
 
 
 
 
Revenue from oil production
$
2,134

 
$
1,632

 
$
1,907

 
$
1,928

 
$
7,601

Total operating expenses
$
6,591

 
$
5,047

 
$
4,311

 
$
4,000

 
$
19,949

 
 
 
 
 
 
 
 
 
 
Continuing operations:
 
 
 
 
 
 
 
 
 
(Loss) income from continuing operations (1)
$
(4,497
)
 
$
(3,437
)
 
$
(2,813
)
 
$
705

 
$
(10,042
)
Net (loss) income per basic common share outstanding
$(0.11)
 
$(0.09)
 
$(0.07)
 
$0.01
 
$(0.26)
Net (loss) income per diluted common share outstanding
$(0.11)
 
$(0.09)
 
$(0.07)
 
$0.01
 
$(0.26)
 
 
 
 
 
 
 
 
 
 
Attributable to common stockholders:
 
 
 
 
 
 
 
 
 
Net (loss) income
$
(5,250
)
 
$
(4,533
)
 
$
24,089

 
$
(493
)
 
$
13,813

Net (loss) income per basic common share outstanding
$(0.12)
 
$(0.10)
 
$0.53
 
$(0.01)
 
$0.30
Net (loss) income per diluted common share outstanding
$(0.12)
 
$(0.10)
 
$0.53
 
$(0.01)
 
$0.30
(1) A downward revision of the contingent consideration payable during the fourth quarter of fiscal year 2014 resulted in $2.1 million of other income associated with our NP segment, refer Note 7.

 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
June 30, 2013
 
(In thousands, except per share data)
Fiscal year ended June 30, 2013
 
 
 
 
 
 
 
 
 
Revenue from oil production
$
1,460

 
$
1,442

 
$
1,706

 
$
1,523

 
$
6,131

Total operating expenses
$
6,101

 
$
7,319

 
$
6,515

 
$
4,479

 
$
24,414

 

 

 

 


 

Continuing operations:

 

 

 


 

Loss from continuing operations
$
(4,405
)
 
$
(5,746
)
 
$
(3,726
)
 
$
(2,952
)
 
$
(16,829
)
Net loss per basic common share outstanding
$(0.08)
 
$(0.11)
 
$(0.08)
 
$(0.08)
 
$(0.35)
Net loss per diluted common share outstanding
$(0.08)
 
$(0.11)
 
$(0.08)
 
$(0.08)
 
$(0.35)
 
 
 
 
 
 
 
 
 
 
Attributable to common stockholders:
 
 
 
 
 
 
 
 
 
Net loss
$
(5,310
)
 
$
(9,783
)
 
$
(4,332
)
 
$
(1,064
)
 
$
(20,489
)
Net loss per basic common share outstanding
$(0.10)
 
$(0.18)
 
$(0.09)
 
$(0.04)
 
$(0.41)
Net loss per diluted common share outstanding
$(0.10)
 
$(0.18)
 
$(0.09)
 
$(0.04)
 
$(0.41)
During the third quarter of fiscal year 2014, pursuant to the Sale Deed, the Company completed the sale of Palm Valley and Dingo to Central PV (see Note 2). The transaction resulted in a gain on disposal of discontinued operations, net of tax in the amount of $30.0 million.