Tellurian Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
OPERATING ACTIVITIES:
Net (loss) income	$ (7,793)us-gaap_ProfitLoss	$ 15,573us-gaap_ProfitLoss
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Foreign transaction loss	659	0
Depletion, depreciation, amortization, and accretion	761	956
Fair value revision of contingent consideration payable	(1,888)	0
Accretion expense of contingent consideration payable	36us-gaap_AccretionExpense	234us-gaap_AccretionExpense
Inventory book to physical adjustment	123us-gaap_InventoryWriteDown	0us-gaap_InventoryWriteDown
Loss on investment in securities	168us-gaap_GainLossOnInvestments	0us-gaap_GainLossOnInvestments
Gain on disposal of Amadeus Basin assets	0us-gaap_GainLossOnDispositionOfAssets	(30,182)us-gaap_GainLossOnDispositionOfAssets
Exploration costs previously capitalized	20	733
Stock compensation expense	841us-gaap_ShareBasedCompensation	1,667us-gaap_ShareBasedCompensation
Net changes in operating assets and liabilities:
Accounts receivable	542	(64)
Inventories	(86)us-gaap_IncreaseDecreaseInInventories	165us-gaap_IncreaseDecreaseInInventories
Prepayments and other current assets	162	(410)
Accounts payable and accrued liabilities	(65)	473
Net cash used in operating activities of continuing operations	(6,520)	(10,855)
INVESTING ACTIVITIES:
Additions to property and equipment	(7,157)	(16,710)
Utah CO2 option	(371)	0
Proceeds from first cash installment for the sale of Amadeus Basin assets	0	13,859
Net cash used in investing activities of continuing operations	(7,528)	(2,851)
FINANCING ACTIVITIES:
Purchase of common stock	(566)	(11)
Purchase of stock options	(983)	0
Proceeds from issuance of common stock, net	115	0
Payment of preferred stock dividend	(859)	0
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	(1,303)us-gaap_RepaymentsOfShortTermDebt
Capital contributions by non-controlling interest	147	0
Net cash provided by (used in) financing activities of continuing operations	1,355	(314)
CASH FLOWS FROM DISCONTINUED OPERATIONS:
Adjustments to reconcile net loss to net cash provided by operating activities of discontinued operations	0	1,366
Net cash used in investing activities of discontinued operations	0	(1,265)
Net cash provided by discontinued operations	0	101
Effect of exchange rate changes on cash and cash equivalents	(698)	464
Net decrease in cash and cash equivalents	(13,391)	(13,455)
Cash and cash equivalents at beginning of period	16,422	32,469
CASH AND CASH EQUIVALENTS AT END OF PERIOD	3,031	19,014
Supplemental disclosure of cash flow information:
Cash paid for interest	33us-gaap_InterestPaid	28us-gaap_InterestPaid
Cash paid for income taxes	43us-gaap_IncomeTaxesPaid	0us-gaap_IncomeTaxesPaid
Supplemental schedule of non-cash activities:
Unrealized holding loss and foreign currency translation loss on securities available-for-sale	(7,813)mpet_NoncashUnrealizedHoldingGainLoss	922mpet_NoncashUnrealizedHoldingGainLoss
Change in accounts payable and accrued liabilities related to property and equipment	(666)	1,070
Preferred stock dividends paid in kind	867	1,038
Increase in both accrued or other liabilities and prepaid or other assets related to Sopak	79	545
Contribution of Property	102us-gaap_ContributionOfProperty	0us-gaap_ContributionOfProperty
Property contributed for capital contribution of non-controlling interest	98	0
Accrued capital contributions of non-controlling interest	$ 168	$ 0