XML 28 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
Significant accounting policies: (Details 2) (USD $)
3 Months Ended 12 Months Ended
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2011
Office and other equipment                      
Depreciation, depletion and amortization                 $ 4,410,420 $ 11,962,542 $ 9,508,063
Full cost method of accounting for oil and gas properties                      
Discount rate (as a percent) 10.00%               10.00%    
Impairment charge                 0 0 0
Gain or loss on sales of proved and unproved properties                 0    
Depletion of producing oil and gas properties                 3,244,887 6,086,383 3,703,185
Oil and gas revenues                      
Maximum period for collection of revenues (in days)                 60 days    
Minimum period for settlement of accounts receivable (in days)                 30 days    
Maximum period for settlement of accounts receivable (in days)                 60 days    
Decrease in differences between sales and production volumes from previous fiscal year (as a percent)                 49.00%    
Increase in differences between sales and production volumes from previous fiscal year (as a percent)                   13.00%  
Earnings (loss) per common share                      
Dilutive securities outstanding (in shares)                 0 0 0
Weighted average common shares outstanding (in shares) 77,360,908 77,265,047 77,215,908 77,215,908 77,215,908 77,193,930 76,815,908 76,815,908 77,263,381 77,009,351 76,048,925
Office and other equipment
                     
Office and other equipment                      
Depreciation, depletion and amortization                 $ 3,372 $ 4,146 $ 4,070
Office and other equipment | Minimum
                     
Office and other equipment                      
Estimated useful life                 5 years    
Office and other equipment | Maximum
                     
Office and other equipment                      
Estimated useful life                 7 years