XML 51 R40.htm IDEA: XBRL DOCUMENT v3.5.0.2
Subsequent Events - Additional Information (Details)
5 Months Ended 6 Months Ended
Dec. 31, 2016
USD ($)
Aug. 15, 2016
USD ($)
shares
Aug. 04, 2016
USD ($)
Aug. 02, 2016
USD ($)
a
$ / shares
shares
Dec. 31, 2016
USD ($)
Director
Jun. 30, 2016
USD ($)
Jun. 30, 2015
USD ($)
Subsequent Event [Line Items]              
Registration rights agreement date           Aug. 02, 2016  
Total purchase price paid           $ 2,717,000 $ 3,470,000
Scenario Forecast              
Subsequent Event [Line Items]              
No of director | Director         1    
Scenario Forecast | Leucadia              
Subsequent Event [Line Items]              
Equity offering cost         $ 1,000,000    
Maximum | Scenario Forecast              
Subsequent Event [Line Items]              
Percentage of shares purchased in the offering         50.00%    
Maximum | Scenario Forecast | Leucadia              
Subsequent Event [Line Items]              
Commitment amount $ 20,000,000            
Equity offering threshold amount of long-term debt 295,000,000            
Minimum | Scenario Forecast | Leucadia              
Subsequent Event [Line Items]              
Minimum aggregate offering price of equity securities excluding commitment amount $ 40,000,000            
Subsequent Event              
Subsequent Event [Line Items]              
Debt instrument interest rate   8.75%          
Warrants to purchase common stock | shares   500,000          
Registration rights agreement description       The Successor has agreed to file a registration statement providing for resale of the Registrable Securities as permitted by Rule 415 of the Securities Act of 1933, as amended (the “Securities Act”) no later than the earlier of (i) the one year anniversary of the consummation of the Offering (as defined below) and (ii) 30 days after the date the Successor first becomes eligible to file a registration statement on Form S-3. The Successor has also agreed, subject to certain limitations, to allow the Holders to sell Registrable Securities in connection with certain registered offerings that the Successor may conduct in the future and to provide holders of a specified number of Registrable Securities the right to demand that the Successor conduct an underwritten public offering of Registrable Securities under certain circumstances. The Registration Rights Agreement contains representations, warranties, covenants and indemnities that are customary for private placements by public companies.      
Subsequent Event | Juneau Energy, LLC              
Subsequent Event [Line Items]              
Purchase and sale agreement date       Aug. 02, 2016      
Net mineral acres | a       1,300      
Total purchase price paid       $ 5,500,000      
Subsequent Event | Juneau Energy, LLC | Common Class A              
Subsequent Event [Line Items]              
Shares of common stock payable in total purchase | shares       500,227      
Second Lien Notes | Subsequent Event              
Subsequent Event [Line Items]              
Debt instrument face amount   $ 25,000,000          
Proceeds from issuance of notes   $ 48,414,000          
Securities Purchase Agreement              
Subsequent Event [Line Items]              
Debt instrument maturity date           Aug. 04, 2016  
Securities Purchase Agreement | Subsequent Event              
Subsequent Event [Line Items]              
Aggregate principal of securities     $ 10,000,000        
Securities Purchase Agreement | 12% Senior Secured Second Lien Notes Due 2021              
Subsequent Event [Line Items]              
Sale of stock, description of transaction           (i) up to $49,900,000 aggregate principal amount of LRAI’s 12% senior secured second lien notes due 2021 (the “Second Lien Notes”) and (ii) five-year warrants to purchase up to an aggregate 998,000 shares of the Successor’s common stock at a price equal to $5.00 per share (the “Warrants” and, together with the Notes, the “Securities”).  
Securities Purchase Agreement | 12% Senior Secured Second Lien Notes Due 2021 | Subsequent Event              
Subsequent Event [Line Items]              
Debt instrument interest rate       12.00%      
Common stock price per share | $ / shares       $ 5.00      
Securities Purchase Agreement | 12% Senior Secured Second Lien Notes Due 2021 | Subsequent Event | Maximum              
Subsequent Event [Line Items]              
Debt instrument face amount       $ 49,900,000      
Number of common shares issued | shares       998,000