SEGMENT AND GEOGRAPHICAL INFORMATION (Tables)

12 Months Ended

Sep. 30, 2014

Schedule of financial information related to reporting segments

	Year ended September 30,
	2014				2013
Revenues:
Oil and natural gas		$	20,298,000			$	21,376,000
Land investment		636,000				282,000
Contract drilling		6,287,000				2,338,000
Other		796,000				567,000
Total before gain on sale of investments and interest income		28,017,000				24,563,000
Gain on sale of investments		3,399,000				-
Interest income		29,000				45,000
Total revenues		$	31,445,000			$	24,608,000

Depletion, depreciation, and amortization:
Oil and natural gas		$	5,968,000			$	8,034,000
Contract drilling		309,000				394,000
Other		114,000				114,000
Total depletion, depreciation, and amortization		$	6,391,000			$	8,542,000

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		$	5,416,000			$	(1,156,000	)
Land investment		636,000				282,000
Contract drilling		952,000				(295,000		)
Other		682,000				453,000
Total operating profit (loss)		7,686,000				(716,000		)

Equity in loss of affiliates:
Land investment		(482,000		)		-

General and administrative expenses		(8,026,000		)		(8,911,000		)
Interest expense		(664,000		)		(587,000		)
Gain on sale of investments		3,399,000				-
Interest income		29,000				45,000
Income (loss) before income taxes		$	1,942,000			$	(10,169,000	)

Capital Expenditures:

	Year ended September 30,
	2014			2013
Oil and natural gas		$	4,824,000		$	7,506,000
Contract drilling		48,000			17,000
Other		51,000			2,000
Total		$	4,923,000		$	7,525,000

Assets By Segment:

	September 30,
	2014			2013
Oil and natural gas (1)		$	20,951,000		$	40,559,000
Land investment (2)		7,039,000			2,381,000
Contract drilling (2)		1,849,000			2,905,000
Residential real estate (2)		5,448,000			5,448,000
Other:
Cash and cash equivalents		16,104,000			7,828,000
Corporate and other		3,379,000			3,593,000
Total		$	54,770,000		$	62,714,000

___________________

(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,
	2014			2013
United States		$	9,884,000		$	6,699,000
Canada		18,366,000			36,988,000
Total		$	28,250,000		$	43,687,000

Revenue By Geographic Area:

	Year ended September 30,
	2014			2013
United States		$	6,924,000		$	2,643,000
Canada		21,093,000			21,920,000
Total (excluding gain on sale of investments and interest income)		$	28,017,000		$	24,563,000

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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