Current assets |
Cash and cash equivalents |
28.24M |
Certificates of deposit |
Restricted cash from joint interest partner |
Receivables |
Oil and natural gas sales |
Joint interest partner |
Income taxes |
Other |
Prepaid expenses and other current assets |
273.11K |
Total current assets |
31.03M |
Property and equipment, net of depreciation, depletion, and amortization |
Oil and natural gas properties - full-cost method of accounting, of which $2,167,513 and $2,940,199 at September 30, 2011 and June 30, 2011, respectively, were excluded from amortization. |
61.45M |
Other property and equipment |
Total property and equipment |
Other assets |
Total assets |
92.88M |
Current liabilities |
Accounts payable |
2.51M |
Joint interest advances |
Accrued compensation |
Royalties payable |
Income taxes payable |
Other current liabilities |
Total current liabilities |
11.38M |
Long term liabilities |
Deferred income taxes |
12.44M |
Asset retirement obligations |
772.18K |
Deferred rent |
Total liabilities |
24.59M |
Commitments and contingencies (Note 9) |
0 |
Stockholders' equity |
Common stock; par value $0.001; 100,000,000 shares authorized: Issued 28,570,918 shares; outstanding 27,782,718 shares and 27,612,916 shares as of September 30, 2011 and June 30, 2011, respectively. |
33.05K |
Additional paid-in capital |
Retained earnings |
28.03M |
Stockholders equity before treasury stock |
Treasury stock, at cost, 788,200 shares as of September 30, 2011 and June 30, 2011. |
Total stockholders' equity |
68.28M |
Total liabilities and stockholders' equity |
92.88M |
Series A Cumulative Preferred Stock |
Stockholders' equity |
Preferred stock, par value $0.001; 5,000,000 shares authorized: 8.5% Series A Cumulative Preferred Stock, 1,000,000 shares authorized, 282,255 shares issued and outstanding at September 30, 2011, with a liquidation preference of $25.00 per share. |
0 |