Quarterly report pursuant to Section 13 or 15(d)

Oil and Gas Activities

v2.4.0.8
Oil and Gas Activities
 9 Months Ended
Mar. 31, 2014
Oil and Gas Exploration and Production Industries Disclosures [Abstract]  
Oil and Gas Activities
Note 14 - Oil and Gas Activities
The following table presents the capitalized costs under the successful efforts method for oil and gas properties as of:
 
March 31,
2014
 
June 30,
2013
 
(In thousands)
Proved oil and gas properties:
 
 
 
United States
$
28,957

 
$
27,606

Australia
—

 
7,771

Less accumulated depletion, depreciation, and amortization
(3,499
)
 
(5,814
)
Total net proved oil and gas properties
$
25,458

 
$
29,563

 
 
 
 
Unproved oil and gas properties:
 
 
 
United Kingdom
$
630

 
$
1,075

United States
269

 
261

Australia
—

 
3,976

Total unproved oil and gas properties
$
899

 
$
5,312

 
 
 
 
Wells in Progress:
 
 
 
United Kingdom
$
728

 
$
688

United States (1)
16,575

 
235

Total wells in progress
$
17,303

 
$
923

(1) The Company began implementing a CO2-enhanced oil recovery pilot project at NP in the first quarter of fiscal year 2014.
During the nine months ended March 31, 2014, the Company allowed petroleum exploration and development licenses in the UK to expire at the end of their term. As a result, $0.7 million of exploration expense was recorded in the unaudited condensed consolidated statement of operations.