SEGMENT INFORMATION (Tables)

9 Months Ended

Jun. 30, 2014

SEGMENT INFORMATION

Schedule of financial information related to reporting segments

	Three months ended						Nine months ended
	June 30,						June 30,
	2014			2013			2014			2013
Revenues:
Oil and natural gas	$	4,619,000		$	4,774,000		$	16,343,000		$	16,019,000
Land investment	258,000			-			378,000			282,000
Contract drilling	1,548,000			248,000			4,475,000			1,668,000
Other	377,000			157,000			678,000			501,000
Total before interest income	6,802,000			5,179,000			21,874,000			18,470,000
Interest income	8,000			3,000			18,000			32,000
Total revenues	$	6,810,000		$	5,182,000		$	21,892,000		$	18,502,000
Depletion, depreciation and amortization:
Oil and natural gas	$	1,187,000		$	1,253,000		$	5,043,000		$	5,983,000
Contract drilling	79,000			91,000			235,000			314,000
Other	30,000			28,000			86,000			86,000
Total depletion, depreciation, and amortization	$	1,296,000		$	1,372,000		$	5,364,000		$	6,383,000
Reduction of carrying value of assets:
Oil and natural gas	$	-		$	-		$	-		$	4,506,000
Operating profit (loss) (before general and administrative expenses):
Oil and natural gas	$	1,321,000		$	1,115,000		$	4,526,000		$	(1,918,000	)
Land investment	258,000			-			378,000			282,000
Contract drilling	201,000			(210,000		)	571,000			(274,000		)
Other	347,000			129,000			592,000			415,000
Total operating profit (loss)	2,127,000			1,034,000			6,067,000			(1,495,000		)
Equity in loss of affiliates:
Land investment	(113,000		)	-			(376,000		)	-
General and administrative expenses	(1,844,000		)	(2,105,000		)	(6,049,000		)	(6,354,000		)
Interest expense	(165,000		)	(146,000		)	(520,000		)	(442,000		)
Interest income	8,000			3,000			18,000			32,000
Income (loss) before income taxes	$	13,000		$	(1,214,000	)	$	(860,000	)	$	(8,259,000	)

Assets By Segment:

	June 30,		September 30,
	2014		2013
Oil and natural gas (1)	$	26,244,000	$	40,559,000
Land investment (2)	7,145,000		2,381,000
Contract drilling (2)	2,088,000		2,905,000
Residential real estate (2)	5,448,000		5,448,000
Other:
Cash and cash equivalents	10,255,000		7,828,000
Restricted cash	1,892,000		-
Corporate and other	3,284,000		3,593,000
Total	$	56,356,000	$	62,714,000

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

(2) Located in Hawaii.