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SEGMENT AND GEOGRAPHIC INFORMATION (Tables)

12 Months Ended

Sep. 30, 2012

SEGMENT AND GEOGRAPHIC INFORMATION

Schedule of financial information related to reporting segments

		Year ended September 30,
		2012					2011
Revenues:
Oil and natural gas		$	24,610,000				$	30,228,000
Land investment		482,000					3,742,000
Contract drilling		2,340,000					3,855,000
Residential real estate		5,975,000					-
Other		633,000					596,000
Total before interest income		34,040,000					38,421,000
Interest income		22,000					39,000
Total revenues		$	34,062,000				$	38,460,000
Depletion, depreciation, and amortization:
Oil and natural gas		$	10,367,000				$	9,469,000
Contract drilling		509,000					560,000
Other		114,000					98,000
Total depletion, depreciation, and amortization		$	10,990,000				$	10,127,000
Reduction of carrying value of assets:
Oil and natural gas		$	2,551,000				$	-
Land investment		488,000					689,000
Residential real estate		1,854,000					418,000
Other		1,754,000					121,000
Total reduction of carrying value of assets		$	6,647,000				$	1,228,000
Operating (loss) profit
(before general and administrative expenses):
Oil and natural gas		$	1,247,000				$	9,355,000
Land investment		(6,000		)			3,053,000
Contract drilling		(1,160,000		)			(587,000		)
Residential real estate		(1,869,000		)			(418,000		)
Other		(1,235,000		)			377,000
Total operating (loss) profit		(3,023,000		)			11,780,000
General and administrative expenses		(8,268,000		)			(9,025,000		)
Interest expense		(790,000		)			(1,088,000		)
Interest income		22,000					39,000
(Loss) earnings before income taxes		$	(12,059,000	)			$	1,706,000

Capital Expenditures:

		Year ended September 30,
		2012					2011
Oil and natural gas		$	4,915,000				$	13,299,000
Contract drilling		72,000					186,000
Other		35,000					1,919,000
Total		$	5,022,000				$	15,404,000

Assets By Segment:

		September 30,
		2012					2011
Oil and natural gas (1)		$	46,946,000				$	54,454,000
Land investment (2)		2,381,000					2,869,000
Contract drilling (2)		2,963,000					3,660,000
Residential real estate (2)		5,309,000					12,640,000
Other:
Cash and cash equivalents		8,845,000					9,834,000
Corporate and other		3,446,000					5,315,000
Total		$	69,890,000				$	88,772,000

(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,
		2012					2011
United States		$	7,161,000				$	9,911,000
Canada		43,844,000					49,331,000
Total		$	51,005,000				$	59,242,000

Revenue By Geographic Area:

		Year ended September 30,
		2012					2011
United States		$	8,892,000				$	7,640,000
Canada		25,148,000					30,781,000
Total (excluding interest income)		$	34,040,000				$	38,421,000

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- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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