SEGMENT INFORMATION (Tables)

3 Months Ended

Dec. 31, 2012

SEGMENT INFORMATION

Schedule of financial information related to reporting segments

	Three months ended December 31,
	2012			2011
Revenues:
Oil and natural gas	$	5,640,000		$	7,789,000
Contract drilling	717,000			425,000
Other	166,000			276,000
Total before interest income	6,523,000			8,490,000
Interest income	28,000			12,000
Total revenues	$	6,551,000		$	8,502,000
Depletion, depreciation, and amortization:
Oil and natural gas	$	2,535,000		$	2,753,000
Contract drilling	115,000			129,000
Other	29,000			27,000
Total depletion, depreciation, and amortization	$	2,679,000		$	2,909,000
Reduction of carrying value of assets:
Oil and natural gas	$	2,327,000		$	-
Operating (loss) profit
(before general and administrative expenses):
Oil and natural gas	$	(1,215,000	)	$	2,295,000
Contract drilling	(6,000		)	(341,000		)
Other	137,000			249,000
Total operating (loss) profit	(1,084,000		)	2,203,000
General and administrative expenses	(2,142,000		)	(1,846,000		)
Interest expense	(152,000		)	(219,000		)
Interest income	28,000			12,000
(Loss) earnings before income taxes	$	(3,350,000	)	$	150,000