Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Net income (loss) after income tax $ (5,310) $ 925
Adjustments to reconcile net loss to net cash used in operating activities    
Foreign transaction (gain) loss 0 (562)
Depletion, depreciation and amortization 316 474
Interest earned on restricted deposits 0 (24)
Fair value increase of contingent consideration payable 80 0
Deferred income taxes (336) 0
Gain on disposal of assets 0 (4,108)
Stock based compensation 346 396
Impairment loss 890 0
Severance Costs 780 0
Net changes in operating assets and liabilities:    
Accounts receivable 143 3,165
Inventories 57 (80)
Prepayments and other current assets 255 188
Accounts payable and accrued liabilities (871) (2,598)
Income taxes payable 0 197
Net cash (used in) provided by operating activities (3,650) (2,027)
INVESTING ACTIVITIES:    
Additions to property and equipment (385) (1,242)
Proceeds from sale of assets 0 5,001
Purchase of working interest in Poplar 0 (823)
Refund (Payment) of Deposit for Purchase of Evans shoal (includes interest) 0 10,940
Securities purchased 0 (2,400)
Net cash provided by (used in) investing activities (385) 11,476
FINANCING ACTIVITIES:    
Proceeds from issuance of stock 0 35
Short term debt issuances 550 1,925
Short term debt repayments (500) (1,225)
Purchase of non-controlling interest - Nautilus Poplar LLC 0 (3,415)
Long term debt repayments (132) (144)
Net cash (used in) provided by financing activities (82) (2,824)
Effect of exchange rate changes on cash and cash equivalents 841 (1,319)
Net increase (decrease) in cash and cash equivalents (3,276) 5,306
Cash and cash equivalents at beginning of period 41,215 20,417
CASH AND CASH EQUIVALENTS AT END OF PERIOD 37,939 25,723
Income taxes 0 0
Interest Paid, net of amount capitalized 0 34
Supplemental Schedule of Noncash Investing and Financing Activities:    
Unrealized holding gain (loss) (22) 34
Revision to estimate of asset retirement obligations (306) 0
Accounts payable related to property plant and equipment 58 162
Other Significant Noncash Transaction, Value of Consideration Given 0 102
Purchase of non-controlling interest for Stock and contingent consideration 0 4,729
Purchase of 3% working interest for stock and contingent consideration $ 0 $ 1,243