Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Mar. 31, 2013
Mar. 31, 2012
OPERATING ACTIVITIES:    
Net income (loss) after income tax $ (16,928) $ (8,222)
Adjustments to reconcile net loss to net cash used in operating activities    
Foreign transaction (gain) loss 23 (1,045)
Depletion, depreciation and amortization 991 1,242
Interest earned on restricted deposits 0 (24)
Fair value increase of contingent consideration payable 172 128
Deferred income taxes (978) 0
Gain on disposal of assets 0 (4,029)
Exploration Abandonment and Impairment Expense 2,233 944
Stock based compensation 753 1,282
Impairment loss 890 0
Severance Costs 535 0
Net changes in operating assets and liabilities:    
Accounts receivable 116 1,213
Inventories (42) (357)
Prepayments and other current assets 113 (386)
Accounts payable and accrued liabilities (3,038) (1,028)
Other long term liabilities (20) (89)
Income taxes payable 0 61
Net cash (used in) provided by operating activities (15,180) (10,310)
INVESTING ACTIVITIES:    
Additions to property and equipment (2,316) (5,244)
Proceeds from sale of assets 0 5,035
Purchase of working interest in Poplar 0 (823)
Refund (Payment) of Deposit for Purchase of Evans shoal (includes interest) 0 10,940
Net cash provided by (used in) investing activities (2,316) 9,908
FINANCING ACTIVITIES:    
Proceeds from issuance of stock 0 35
Payments for Repurchase of Common Stock (9,333) 0
Payments for Repurchase of Warrants (813) 0
Short term debt issuances 2,000 4,874
Short term debt repayments (1,413) (4,225)
Purchase of non-controlling interest - Nautilus Poplar LLC 0 (3,461)
Long term debt repayments (372) (420)
Net cash (used in) provided by financing activities (9,931) (3,197)
Effect of exchange rate changes on cash and cash equivalents 728 392
Net increase (decrease) in cash and cash equivalents (26,699) (3,207)
Cash and cash equivalents at beginning of period 41,215 20,417
CASH AND CASH EQUIVALENTS AT END OF PERIOD 14,516  
Cash Payments:    
Income taxes 0 26
Interest Paid, net of amount capitalized 45 85
Supplemental Schedule of Noncash Investing and Financing Activities:    
Unrealized holding gain (loss) (30) (71)
Revision to estimate of asset retirement obligations (306)  
Asset Retirement Obligation, Liabilities Incurred 3  
Accounts payable related to property plant and equipment 49 430
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