Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Dec. 31, 2014
Dec. 31, 2013
OPERATING ACTIVITIES:    
Net loss $ (5,513)us-gaap_ProfitLoss $ (8,948)us-gaap_ProfitLoss
Adjustments to reconcile net loss to net cash used in operating activities:    
Depletion, depreciation, amortization, and accretion 515mpet_DepletionDepreciationAmortizationandAccretion 619mpet_DepletionDepreciationAmortizationandAccretion
Increase in fair value of contingent consideration payable 36us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 156us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
Inventory book to physical adjustment 123us-gaap_InventoryWriteDown 0us-gaap_InventoryWriteDown
Stock compensation expense 427us-gaap_ShareBasedCompensation 1,066us-gaap_ShareBasedCompensation
Net changes in operating assets and liabilities:    
Accounts receivable 345us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables 237us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables
Inventories (198)us-gaap_IncreaseDecreaseInInventories (5)us-gaap_IncreaseDecreaseInInventories
Prepayments and other current assets (55)us-gaap_IncreaseDecreaseInOtherOperatingAssets (563)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable and accrued liabilities 128us-gaap_IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities 652us-gaap_IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
Net cash used in operating activities of continuing operations (4,192)us-gaap_NetCashProvidedByUsedInOperatingActivities (6,786)us-gaap_NetCashProvidedByUsedInOperatingActivities
INVESTING ACTIVITIES:    
Additions to property and equipment (5,390)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (13,306)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Utah CO2 option (268)us-gaap_PaymentsForProceedsFromOtherInvestingActivities 0us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used in investing activities of continuing operations (5,658)us-gaap_NetCashProvidedByUsedInInvestingActivities (13,306)us-gaap_NetCashProvidedByUsedInInvestingActivities
FINANCING ACTIVITIES:    
Purchase of common stock (566)us-gaap_PaymentsForRepurchaseOfCommonStock 0us-gaap_PaymentsForRepurchaseOfCommonStock
Purchase of stock options (983)us-gaap_PaymentsForRepurchaseOfOtherEquity 0us-gaap_PaymentsForRepurchaseOfOtherEquity
Proceeds from issuance of common stock, net 115us-gaap_ProceedsFromIssuanceOfCommonStock 0us-gaap_ProceedsFromIssuanceOfCommonStock
Payment of preferred stock dividend (859)us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock 0us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock
Borrowings (repayments) on line of credit, net 3,501us-gaap_ProceedsFromRepaymentsOfDebt 0us-gaap_ProceedsFromRepaymentsOfDebt
Short term debt issuances 0us-gaap_ProceedsFromShortTermDebt 1,000us-gaap_ProceedsFromShortTermDebt
Short term debt repayments 0us-gaap_RepaymentsOfShortTermDebt (1,216)us-gaap_RepaymentsOfShortTermDebt
Capital contributions by non-controlling interest 145us-gaap_ProceedsFromContributionsFromAffiliates 0us-gaap_ProceedsFromContributionsFromAffiliates
Net cash provided by (used in) financing activities of continuing operations 1,353us-gaap_NetCashProvidedByUsedInFinancingActivities (216)us-gaap_NetCashProvidedByUsedInFinancingActivities
CASH FLOWS FROM DISCONTINUED OPERATIONS:    
Adjustments to reconcile net loss to net cash provided by operating activities of discontinued operations 0us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations 519us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
Net cash used in investing activities of discontinued operations 0us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations (493)us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
Net cash provided by discontinued operations 0us-gaap_NetCashProvidedByUsedInDiscontinuedOperations 26us-gaap_NetCashProvidedByUsedInDiscontinuedOperations
Effect of exchange rate changes on cash and cash equivalents (520)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (28)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net decrease in cash and cash equivalents (9,017)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (20,310)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 16,422us-gaap_CashAndCashEquivalentsAtCarryingValue 32,469us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS AT END OF PERIOD 7,405us-gaap_CashAndCashEquivalentsAtCarryingValue 12,159us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental schedule of non-cash activities:    
Unrealized holding loss and foreign currency translation loss on securities available-for-sale (8,973)mpet_NoncashUnrealizedHoldingGainLoss 11mpet_NoncashUnrealizedHoldingGainLoss
Change in accounts payable and accrued liabilities related to property and equipment (311)us-gaap_CapitalExpendituresIncurredButNotYetPaid 456us-gaap_CapitalExpendituresIncurredButNotYetPaid
Preferred stock dividends paid in kind 430us-gaap_DividendsPreferredStockPaidinkind 835us-gaap_DividendsPreferredStockPaidinkind
Increase in both accrued or other liabilities and prepaid or other assets related to Sopak 26us-gaap_NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1 519us-gaap_NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
Property contributed for capital and deferred capital contribution of non-controlling interest $ 200mpet_ContributionofPropertyforCapitalandDeferredCapitalContributionofNonControllingInterest $ 0mpet_ContributionofPropertyforCapitalandDeferredCapitalContributionofNonControllingInterest