OPERATING SEGMENTS

12 Months Ended

Dec. 31, 2011

OPERATING SEGMENTS

OPERATING SEGMENTS

NOTE L – OPERATING SEGMENTS

The following table reconciles the segment information to the corresponding amounts in the Consolidated Statements of Operations and total assets:

Year ended December 31, 2011	Oil and Gas Operations			Retirement Facility		Corporate			Total
Operating revenue	$	1,020		$	2,881	$	-		$	3,901
Operating expenses		1,095			2,154		577			5,217
Depreciation, depletion and amortization		335			42		2			416
Accretion of asset aetirement obligation		129			-		-			129
Impairment of oil and gas properties		1,428
Total Operating Expenses		2,987			2,196		579			5,762
Interest expense		-			-		(131	)		(131	)
Other income		-			-		(10,161	)		(10,161	)
Interest income		-			-		360			360
Segment operating income	$	(1,967	)	$	685	$	(10,511	)	$	(11,793	)
Assets	$	12,376		$	254	$	820		$	13,450

Year ended December 31, 2010	Oil and Gas Operations			Retirement Facility		Corporate			Total
Operating revenue	$	1,248		$	2,965	$	-		$	4,213
Operating expenses		970			2,072		729			3,771
Depreciation, Depletion and Amortization		322			39		2			363
Accretion of Asset Retirement Obligation		123			-		-			123
Total Operating Expenses		1,415			2,111		731			4,257
Interest expense		(124	)		-		-			(124	)
Other income		-			-		(340	)		(340	)
Interest income		-			-		497			497
Segment operating income	$	(291	)	$	854	$	(574	)	$	(11	)
Assets	$	12,950		$	220	$	10,852		$	24,022

Year ended December 31, 2009	Oil and Gas Operations			Retirement Facility		Corporate			Total
Operating revenue	$	1,206		$	2,892	$	-		$	4,098
Operating expenses		1,173			2,118		1,342			4,633
Depreciation, Depletion and Amortization		325			57		-			382
Accretion of Asset Retirement Obligation		117			-		-			117
Impairment of oil and gas properties		1,695			-					1,695
Total Operating Expenses		3,310			2,175		1,342			6,827
Interest expense		(123	)		-		-			(123	)
Other income		30			-		38			68
Interest income		-			-		574			574
Segment operating income	$	(2,197	)	$	717	$	(730	)	$	(2,210	)
Assets	$	13,103		$	292	$	11,816		$	25,211