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Discontinued Operations
 6 Months Ended
Dec. 31, 2012
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations
In May 2011, the Company sold its 100% working interest (72.5% net revenue interest) in Rexer #1 and its 75% working interest (54.4% net revenue interest) in Rexer-Tusa #2 to Patara Oil & Gas LLC (“Patara”). B.A. Berilgen, a member of the Company’s board of directors, was the Chief Executive Officer of Patara at the time of the sale. In October 2011, the Company sold its remaining 25% working interest (18.4% net revenue interest) in Rexer-Tusa #2 to Patara. The sale was effective October 1, 2011. The Company has accounted for the sale of Rexer #1 and Rexer-Tusa #2 as discontinued operations as of December 31, 2011 and reclassified the results of operations for these two wells to discontinued operations for all periods presented as follows:
 
Three Months Ended December 31, 2011
 
Six Months Ended December 31, 2011
 
 
 
 
Results of Operations:
 
 
 
Revenues
$
6

 
$
6

Operating expenses
(12
)
 
(22
)
Exploration expenses
—

 
(7
)
Impairment of natural gas and oil properties
—

 
(1,031
)
Loss on sale of discontinued operations
$
(169
)
 
$
(169
)
Loss before income taxes
(175
)
 
(1,223
)
Income tax benefit
61

 
428

Loss from discontinued operations, net of income taxes
$
(114
)
 
$
(795
)