SEGMENT INFORMATION (Tables)

3 Months Ended

Dec. 31, 2014

Schedule of financial information related to reporting segments

	Three months ended
	December 31,
	2014				2013
Revenues:
Oil and natural gas		$	2,972,000			$	5,327,000
Land investment		1,032,000				120,000
Contract drilling		1,933,000				1,609,000
Other		78,000				141,000
Total before interest income		6,015,000				7,197,000
Interest income		17,000				4,000
Total revenues		$	6,032,000			$	7,201,000

Depletion, depreciation, and amortization:
Oil and natural gas		$	883,000			$	2,059,000
Contract drilling		71,000				78,000
Other		25,000				27,000

Total depletion, depreciation, and amortization		$	979,000			$	2,164,000

Operating profit (before general and administrative expenses):
Oil and natural gas		$	466,000			$	647,000
Land investment		1,032,000				120,000
Contract drilling		337,000				219,000
Other		53,000				114,000

Total operating profit		1,888,000				1,100,000

Equity in income (loss) of affiliates:
Land investment		88,000				(147,000		)

General and administrative expenses		(2,275,000		)		(1,856,000		)
Interest expense		(90,000		)		(163,000		)
Interest income		17,000				4,000

Loss before income taxes		$	(372,000	)		$	(1,062,000	)

- 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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