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
 9 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Statement of Cash Flows [Abstract]    
Net income $ 15,573 $ (16,928)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depletion, depreciation, amortization, and accretion 956 645
Increase in fair value of contingent consideration payable 234 172
Gain on disposal of Amadeus Basin assets (30,182) 0
Exploration costs previously capitalized 733 2,233
Stock compensation expense 1,667 753
Impairment loss 0 890
Severance benefit costs 0 535
Net changes in operating assets and liabilities:    
Accounts receivable (64) (148)
Inventories 165 (42)
Prepayments and other current assets (410) 195
Accounts payable and accrued liabilities 697 (2,563)
Net cash provided by (used in) operating activities of continuing operations (10,631) (14,258)
INVESTING ACTIVITIES:    
Additions to property and equipment (16,934) (2,233)
Proceeds from first cash installment for the sale of Amadeus Basin assets 13,859 0
Net cash used in investing activities of continuing operations (3,075) (2,233)
FINANCING ACTIVITIES:    
Repurchase of common stock (11) (9,333)
Repurchase of warrant 0 (813)
Short term debt issuances 1,000 2,000
Short term debt repayments (1,303) (1,413)
Long term debt repayments 0 (372)
Net cash used in financing activities of continuing operations (314) (9,931)
Net cash provided by (used in) operating activities of discontinued operations 1,366 (922)
Net cash used in investing activities of discontinued operations (1,265) (83)
Net cash used in discontinued operations 101 (1,005)
Effect of exchange rate changes on cash and cash equivalents 464 728
Net decrease in cash and cash equivalents (13,455) (26,699)
Cash and cash equivalents at beginning of period 32,469 41,215
CASH AND CASH EQUIVALENTS AT END OF PERIOD 19,014 14,516
Supplemental schedule of non-cash activities:    
Revision to estimate of asset retirement obligations 0 (306)
Amounts in accounts payable and accrued liabilities related to property and equipment $ 846 $ 109