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Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Jun. 30, 2013
Selected Quarterly Financial Data (Unaudited)  
Selected Quarterly Financial Data (Unaudited)

Note 19—Selected Quarterly Financial Data (Unaudited)

        The following table presents summarized quarterly financial information for the years ended June 30, 2013 and 2012:

2013
  First   Second   Third   Fourth(1)  

Revenues

   $ 4,291,546   $ 5,648,058   $ 6,010,567   $ 5,399,749  

Operating income

     1,930,556     3,024,721     3,394,531     2,351,546  

Net income available to commonsholders

   $ 990,951   $ 1,790,696   $ 2,228,467   $ 944,012  

Basic net income per share

   $ 0.04   $ 0.06   $ 0.08   $ 0.03  

Diluted net income per share

   $ 0.03   $ 0.06   $ 0.07   $ 0.03  
(1)
The tax provision for fiscal 2013 reflects a higher effective tax rate compared to the estimated annual effective rate at March 31, 2013. The March effective rate included the favorable effect depletion in excess of basis and was based on the Company's estimate of taxable ordinary income at that time. In contrast to the March forecast, actual taxable income for fiscal 2013 was lower due to a taxable loss on the sale of assets in June 2013 and lower than expected book income due to $0.6 million of lower Delhi Field revenue and $0.4 million of higher general and administrative expense, primarily attributable to an increase in accrued bonus, shelf registration costs and an engineering study.

2012
  First   Second   Third   Fourth  

Revenues

   $ 3,884,856   $ 4,646,702   $ 4,848,534   $ 4,581,946  

Operating income

   $ 2,008,866   $ 2,426,838   $ 2,273,461   $ 2,120,109  

Net income available to commonsholders

   $ 1,015,683   $ 1,259,950   $ 1,299,525   $ 926,581  

Basic net income per share

   $ 0.04   $ 0.05   $ 0.05   $ 0.03  

Diluted net income per share

   $ 0.03   $ 0.04   $ 0.04   $ 0.03