QUARTERLY RESULTS (UNAUDITED) (Tables)

12 Months Ended

Jun. 30, 2013

QUARTERLY RESULTS (UNAUDITED)

QUARTERLY RESULTS (UNAUDITED)

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
2013:
Depreciation	$	183		$	176		$	152		$	119
General, administrative and other operating		5,570			4,890			2,650			4,364
Full amortization of proved oil and gas properties		441			—			—			—
Loss from operations		(6,194	)		(5,066	)		(2,802	)		(4,483	)
Net loss		(6,190	)		(5,064	)		(2,798	)		(4,409	)
Basic and diluted loss per common share(1):	$	(0.30	)	$	(0.24	)	$	(0.13	)	$	(0.21	)

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
2012:
Depreciation	$	179		$	241		$	230		$	177
General, administrative and other operating		4,352			5,726			4,893			7,091
Full amortization of proved oil and gas properties		—			—			112,145			4,167
Write-off of prospective investment deposit		—			—			10,000			—
Loss from operations		(4,531	)		(5,967	)		(127,268	)		(11,435	)
Net loss		(4,376	)		(6,323	)		(127,198	)		(11,416	)
Basic and diluted loss per common share(1):	$	(0.22	)	$	(0.32	)	$	(6.24	)	$	(0.55	)

(1)

All share amounts and computations using such amounts have been retroactively adjusted to reflect the July 1, 2013 1-for-8 reverse stock split.