Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v2.4.1.9
Segment Information
 9 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Segment Information
Note 13 - Segment Information
The Company conducts its operations through three wholly owned subsidiaries: NP, which operates in the US; MPUK, which includes our operations in the UK; and MPA, which includes our operations in Australia. Oversight for these subsidiaries is provided by Corporate, which is treated as a cost center.
 
THREE MONTHS ENDED
 
NINE MONTHS ENDED
 
March 31,
 
March 31,
 
2015
 
2014
 
2015
 
2014
 
(In thousands)
Revenue from oil production:
 
 
 
 
 
 
 
NP
$
688

 
$
1,907

 
$
3,543

 
$
5,674

 
 
 
 
 
 
 
 
Net (loss) income from continuing operations:
 
 
 
 
 
 
 
NP
$
481

 
$
40

 
$
(63
)
 
$
(536
)
MPUK
(300
)
 
(1,349
)
 
(881
)
 
(2,495
)
MPA
(402
)
 
—

 
(1,159
)
 
—

Corporate
(2,059
)
 
(1,949
)
 
(5,690
)
 
(6,700
)
Inter-segment elimination
—

 
186

 
—

 
367

Consolidated net loss from continuing operations
$
(2,280
)
 
$
(3,072
)
 
$
(7,793
)
 
$
(9,364
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
March 31,
2015
 
June 30,
2014
 
 
 
 
 
(In thousands)
Total assets:
 
 
 
 
 
 
 
NP (1)
 
 
 
 
$
29,997

 
$
27,299

MPUK (1)
 
 
 
 
3,102

 
4,486

MPA (1)
 
 
 
 
4,819

 
14,073

Corporate
 
 
 
 
105,490

 
111,113

Inter-segment elimination (2)
 
 
 
 
(77,249
)
 
(75,536
)
Total assets of continuing operations


 


 
$
66,159

 
$
81,435

(1) Intercompany payable balances netted in arriving at segment assets
(2) Asset inter-segment eliminations are primarily derived from investments in subsidiaries.