OPERATIONS, SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS (Tables)

3 Months Ended

Sep. 30, 2011

OPERATIONS, SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

Schedule of reclassifications of previously reported amounts

The following table reflects these reclassifications for the three months ended September 30, 2010:

	Previously
	Reported		Reclass			Adjusted
	Balance		Adjustment			Balance
Costs and expenses (in thousands):
Costs of operations	$	1,192	$	(1,192	)	$	—
General and administrative	3,724		1,321			5,045
Production taxes	—		558			558
Exploration and business development	687		(687		)	—