Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2015	Jun. 30, 2014
Current Assets:
Cash and cash equivalents	$ 1,175	$ 1,682
Accounts receivable - oil and natural gas sales	2,341	3,186
Accounts receivable - joint interest	683	1,645
Prepaid expenses and other current assets	671	527
Commodities derivative asset - current	292	37
Assets held for sale	25,000
Deferred tax asset - current		368
Total current assets	30,162	7,445
Long-Term Investments:
Debentures - held to maturity	927	4,820
Oil and Natural Gas Properties, Successful Efforts Method:
Proved properties	49,621	82,362
Unproved properties	10,397	19,109
Other property and equipment	1,218	1,196
Less accumulated depreciation, depletion and impairment	(30,478)	(19,497)
Oil and natural gas properties, net	30,759	83,170
Other Assets:
Commodities derivative asset, net of current portion	106
Restricted cash, long-term	474	493
Debt issuance costs, net of current portion	746	1,101
Security deposit and other assets	58	197
Total Assets	63,232	97,226
Current Liabilities:
Accounts payable	10,498	3,536
Revenues payable	930	1,673
Preferred dividend payable	390	179
Accrued expenses	1,945	2,035
Line of credit, current	27,450
Commodities derivative liability		121
Asset retirement obligation - current	2,917	214
Environmental remediation liability- current	2,057	2,067
Total current liabilities	46,187	9,825
Long-Term Liabilities:
Line of credit, net of current portion		26,800
Mandatorily redeemable preferred stock, net of discount of $1,270 and $1,561, respectively	5,092	4,801
Commodities derivative liability	$ 186
Environmental remediation liability, net of current portion
Deferred tax liability - long-term		409
Asset retirement obligation, net of current portion	$ 2,917	5,531
Total long-term liabilities	8,195	37,541
Total Liabilities	54,382	47,366
Stockholders' Equity:
Common stock, $0.00001 par value; 50,000 shares authorized; 14,857 shares issued and outstanding as of March 31, 2015 and June 30, 2014	1	1
Noncontrolling interest	3,211	6,076
Additional paid-in capital	78,105	78,105
Accumulated deficit	(72,467)	(34,322)
Total stockholders' equity	8,850	49,860
Total Liabilities and Stockholders' Equity	$ 63,232	$ 97,226