Annual report pursuant to Section 13 and 15(d)

Segment Information

v3.3.0.814
Segment Information
 12 Months Ended
Jun. 30, 2015
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 includes our operations 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,
 
2015
 
2014
 
(In thousands)
Revenue from NP oil production
$
4,459

 
$
7,601

 
 
 
 
Net income (loss) from continuing operations:
 
 
 
NP (1)
$
(19,092
)
 
$
1,828

MPA
(16,404
)
 
(934
)
MPUK
(1,799
)
 
(2,585
)
Corporate
(6,139
)
 
(8,351
)
Inter-segment eliminations
23

 
—

Consolidated net losses from continuing operations
$
(43,411
)
 
$
(10,042
)
 
 
 
 
Assets:
 
 
 
NP
$
37,130

 
$
48,161

MPA 
4,593

 
14,215

MPUK (2)
2,373

 
7,156

Corporate
79,474

 
88,249

Inter-segment eliminations (3)
(76,870
)
 
(76,346
)
Consolidated assets
$
46,700

 
$
81,435

 
 
 
 
Expenditures for additions to long lived assets:
 
 
 
NP
$
8,795

 
$
20,334

MPUK
275

 
526

Corporate
3

 
63

Consolidated expenditures for long lived assets
$
9,073

 
$
20,923

(1) The downward revision of the contingent consideration payable during the fiscal year ended June 30, 2015, resulted in $1.9 million of other income associated with our NP segment, refer to Note 7 - Fair Value Measurements.
(2) Refer to Note 20 - Oil and Gas Activities (Unaudited) 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,
 
2015
 
2014
 
(In thousands)
Depletion, depreciation, amortization, and accretion:
 
 
 
NP
$
1,001

 
$
977

Corporate
148

 
146

Consolidated depletion, depreciation, amortization, and accretion
$
1,149

 
$
1,123

 
 
 
 
Lease operating:
 
 
 
NP
$
5,089

 
$
6,257

 
 
 
 
Exploration:
 
 
 
NP
$
1,079

 
$
541

MPA
91

 
436

MPUK
393

 
2,507

Consolidated exploration
$
1,563

 
$
3,484