Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
	Sep. 30, 2011	Sep. 30, 2010
OPERATING ACTIVITIES:
Net (Loss) income before non-controlling interest	$ 924,598	$ (3,411,234)
Foreign currency exchange loss	(562,280)	1,203,532
(Gain) loss from disposal of assets	(4,107,720)	(20,142)
Gain On Sale Of Investments	0	0
Depletion, depreciation and amortization	316,860	989,338
Interest earned on restricted deposits	(23,554)	0
Accretion expense	157,614	149,692
Deferred income taxes	0	(191,796)
Stock option compensation and change in warrant valuation	395,632	382,453
Exploration and dry hole costs	0	57,303
Impairment loss	0	0
Change in operating assets and liabilities:
Accounts receivable	3,165,614	1,546,028
Prepayments and other current assets	188,095	31,729
Inventories	(80,347)	61,510
Accounts payable and accrued liabilities	(2,596,820)	(1,021,545)
Income taxes payable (receivable)	196,600	(760,061)
Net cash (used in) provided by operating activities	(2,025,708)	(983,193)
INVESTING ACTIVITIES:
Proceeds from sale of assets	5,000,719	20,142
Additions to property and equipment	(84,555)	(576,772)
Oil and gas exploration activities	(1,157,198)	(79,394)
Proceeds from sale of securities available for sale	0	0
Purchase of securities available for sale	0	0
Proceeds from sale of securities	0	0
Marketable securities matured or sold	1,286,990	606,870
Marketable securities purchased	(3,686,872)	(6,999,735)
Refund of Deposit for purchase of Evans Shoal	10,939,703	0
Advance from buyer related assets held for sale	0	0
Purchase of controlling interest ? Nautilus Poplar LLC	0	0
Purchase of additional working interest in Poplar Fields	(823,299)	0
Cash acquired-purchase of Nautilus Poplar LLC	0	0
Net cash (used in) provided by investing activities	11,475,488	(7,028,889)
FINANCING ACTIVITIES:
Proceeds from issuance of stock	35,000	0
Short term debt issuances	1,924,500	1,005,000
Short term debt repayments	(1,225,000)	(962,673)
Purchase of non-controlling interest - Nautilus Poplar LLC (including $237,956 of transaction costs)	(3,414,657)	0
Long term debt repayments	(144,000)	0
Noncontrolling Capital Contribution Nautilus Poplar LLC	0	0
Net cash (used in) provided by financing activities	(2,824,157)	42,327
Effect of exchange rate changes on cash and cash equivalents	(1,319,032)	2,539,967
Net (decrease) increase in cash and cash equivalents	5,306,591	(5,429,788)
Cash and cash equivalents at beginning of period	20,416,625	33,591,534
CASH AND CASH EQUIVALENTS AT END OF PERIOD	25,723,216	28,161,746
Income taxes	0	650,521
Interest Paid, net of amount capitalized	33,721	0
Supplemental Schedule of Noncash Investing and Financing Activities:
Unrealized holding gains, net of deferred tax	33,772	0
Revision to estimate of asset retirement obligations	0	0
Write off of expired license	0	0
Amounts in accounts payable related to property and equipment	161,507	470,321
Accrued transaction costs	102,327	0
Purchase of non-controlling interest for Stock and contingent consideration	4,729,316	0
Purchase of working interest for Stock and contingent consideration	$ 1,243,107	$ 0