OPERATING SEGMENTS

6 Months Ended

Jun. 30, 2012

OPERATING SEGMENTS

OPERATING SEGMENTS

NOTE F:  OPERATING SEGMENTS

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

Six months ended June 30, 2012	Oil and Gas Operations			Retirement Facility		Corporate			Total
Operating revenue	$	615		$	1,337	$	-		$	1,952
Operating expenses		586			696		293			1,575
Depreciation, Depletion and Amortization		338			23		-			361
Lease Expense		-			462		-			462
Accretion of Asset Retirement Obligation		68			-		-			68
Impairment of Natural Gas and Oil Properties		912								2,466
Total Operating Expenses		1,904			1,181		293			3,378
Interest expense		(118	)		-		-			(118	)
Other income		-			-		108			108
Segment operating income	$	(1,407	)	$	156	$	(185	)	$	(1,436	)

Six months ended June 30, 2011	Oil and Gas Operations			Retirement Facility		Corporate		Total
Operating revenue	$	560		$	1,462	$	-	$	2,022
Operating expenses		541			689		250		1,480
Depreciation, Depletion and Amortization		159			22		-		181
Lease Expense		-			384		-		384
Accretion of Asset Retirement Obligation		64			-		-		64
Total Operating Expenses		764			1,095		250		2,109
Interest expense		(62	)		-		-		(62	)
Other income		-			-		73		73
Interest income		-			-		239		239
Segment operating income	$	(266	)	$	367	$	62	$	163