Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Operations

v2.4.0.8
Consolidated Statement of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Sep. 30, 2013
Sep. 30, 2012
REVENUES:    
Oil production $ 2,134 $ 1,460
Gas production 221 200
Total revenues 2,355 1,660
OPERATING EXPENSES:    
Lease operating 2,756 2,051
Depletion, depreciation, amortization, and accretion 309 316
Exploration 929 622
General and administrative 3,095 3,663
Impairment 0 890
Gain on sale of assets 61 0
Total operating (income) expense 7,150 7,542
Income (loss) from operations (4,795) (5,882)
Other income (expense)    
Net interest income 20 221
Other income (60) 15
Total other income (expense) (40) 236
Income (loss) before income tax (4,835) (5,646)
Income tax benefit (provision) 0 336
Net income (loss) after income tax (4,835) (5,310)
Preferred stock dividend (415) 0
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (5,250) $ (5,310)
Earnings per common share (Note 8):    
Weighted average number of basic shares outstanding (in shares) 45,348,840 53,849,181
Net income (loss) per basic share outstanding (dollars per share) $ (0.12) $ (0.10)