SEGMENT AND GEOGRAPHIC INFORMATION (Tables)

12 Months Ended

Sep. 30, 2013

SEGMENT AND GEOGRAPHIC INFORMATION

Schedule of financial information related to reporting segments

	Year ended September 30,
	2013			2012
Revenues:
Oil and natural gas	$	21,376,000		$	24,610,000
Land investment	282,000			482,000
Contract drilling	2,338,000			2,340,000
Residential real estate	-			5,975,000
Other	567,000			633,000
Total before interest income	24,563,000			34,040,000
Interest income	45,000			22,000
Total revenues	$	24,608,000		$	34,062,000
Depletion, depreciation, and amortization:
Oil and natural gas	$	8,034,000		$	10,367,000
Contract drilling	394,000			509,000
Other	114,000			114,000
Total depletion, depreciation, and amortization	$	8,542,000		$	10,990,000
Reduction of carrying value of assets:
Oil and natural gas	$	4,506,000		$	2,551,000
Land investment	-			488,000
Residential real estate	-			1,854,000
Other	-			1,754,000
Total reduction of carrying value of assets	$	4,506,000		$	6,647,000
Operating (loss) profit
(before general and administrative expenses):
Oil and natural gas	$	(1,156,000	)	$	1,247,000
Land investment	282,000			(6,000		)
Contract drilling	(295,000		)	(1,160,000		)
Residential real estate	-			(1,869,000		)
Other	453,000			(1,235,000		)
Total operating loss	(716,000		)	(3,023,000		)
General and administrative expenses	(8,911,000		)	(8,268,000		)
Interest expense	(587,000		)	(790,000		)
Interest income	45,000			22,000
Loss before income taxes	$	(10,169,000	)	$	(12,059,000	)

Capital Expenditures:

	Year ended September 30,
	2013		2012
Oil and natural gas	$	7,506,000	$	4,915,000
Contract drilling	17,000		72,000
Other	2,000		35,000
Total	$	7,525,000	$	5,022,000

Assets By Segment:

	September 30,
	2013		2012
Oil and natural gas (1)	$	40,559,000	$	46,946,000
Land investment (2)	2,381,000		2,381,000
Contract drilling (2)	2,905,000		2,963,000
Residential real estate (2)	5,448,000		5,309,000
Other:
Cash and cash equivalents	7,828,000		8,845,000
Corporate and other	3,593,000		3,446,000
Total	$	62,714,000	$	69,890,000

(1) Primarily located in the province of Alberta, Canada.

(2) Located in Hawaii.

Schedule of long-lived assets and revenue by geographic area

Long-Lived Assets By Geographic Area:

	September 30,
	2013		2012
United States	$	6,699,000	$	7,161,000
Canada	36,988,000		43,844,000
Total	$	43,687,000	$	51,005,000

Revenue By Geographic Area:

	Year ended September 30,
	2013		2012
United States	$	2,643,000	$	8,892,000
Canada	21,920,000		25,148,000
Total (excluding interest income)	$	24,563,000	$	34,040,000