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Concentration of Credit Risk
6 Months Ended
Dec. 31, 2012
Concentration Risks, Types, With Concentration Percentage [Abstract]  
Concentration Risk Disclosure [Text Block]
Customer Concentration Credit Risk
The customer base for the Company is concentrated in the natural gas and oil industry. Major purchasers of our natural gas and oil for the three and six months ended December 31, 2012 were ConocoPhillips Company, Shell Trading US Company, Exxon Mobil Oil Corporation, Enterprise Products Operating LLC, Crosstex Energy Services, JP Morgan Ventures Energy Corporation and Trans Louisiana Gas Pipeline, Inc. Our sales to these companies are not secured with letters of credit and in the event of non-payment, we could lose up to two months of revenues. The loss of two months of revenues would have a material adverse effect on our financial position, but there currently are numerous other potential purchasers of our production.