Restricted Cash	3 Months Ended
Jun. 30, 2013
Restricted Cash
Restricted Cash	Note 3 — Restricted Cash Under the terms of the Second Extension Agreement we entered into with the Karlsson Group on June 26, 2013, we are required to deposit 50% of the net proceeds of the next $20.0 million of capital we raise (for a total of $10.0 million) into escrow, which funds may be used solely to fund specified development expenses pursuant to the Extension Agreement. As of June 30, 2013, we had approximately $2.4 million remaining in escrow related to our recently completed capital raising activities. Pursuant to the Second Extension Agreement, this escrowed cash will be used to fund our planned in-fill drilling program and other related activities in the Holbrook Basin over the next several months.

Restricted Cash

3 Months Ended

Jun. 30, 2013

Note 3 — Restricted Cash

Under the terms of the Second Extension Agreement we entered into with the Karlsson Group on June 26, 2013, we are required to deposit 50% of the net proceeds of the next $20.0 million of capital we raise (for a total of $10.0 million) into escrow, which funds may be used solely to fund specified development expenses pursuant to the Extension Agreement. As of June 30, 2013, we had approximately $2.4 million remaining in escrow related to our recently completed capital raising activities. Pursuant to the Second Extension Agreement, this escrowed cash will be used to fund our planned in-fill drilling program and other related activities in the Holbrook Basin over the next several months.