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SUPPLEMENTAL OIL AND GAS INFORMATION (UNAUDITED) (Tables)
12 Months Ended
Jun. 30, 2012
SUPPLEMENTAL OIL AND GAS INFORMATION (UNAUDITED)  
Schedule of capitalized costs related to oil and gas producing activities

 

(in thousands)
  United
States
  Republic of
Guinea
  Total  

June 30, 2012

                   

Unproved properties

  $   $ 39,278   $ 39,278  

Proved properties

        116,312     116,312  

Oilfield equipment

             
               

 

        155,590     155,590  

Less accumulated DD&A

        (116,312 )   (116,312  
               

Net capitalized costs

  $   $ 39,278     39,278  
               

June 30, 2011

                   

Unproved properties

  $   $ 36,200   $ 36,200  

Proved properties

             

Oilfield equipment

             
               

 

        36,200     36,200  

Less accumulated DD&A

             
               

Net capitalized costs

  $   $ 36,200   $ 36,200  
               

June 30, 2010

                   

Unproved properties

  $   $ 92   $ 92  

Proved properties

             

Oilfield equipment

             
               

 

        92     92  

Less accumulated DD&A

             
               

Net capitalized costs

  $   $ 92   $ 92  
               
Schedule of costs incurred in oil and gas, exploration and development activities

 

(in thousands)
  United
States
  Republic of
Guinea
  Total  

June 30, 2012

                   

Property acquisition:

                   

Unproved

  $   $   $  

Proved

        90,834     90,834  

Exploration

        28,556     28,556  

Development

             
               

Total costs incurred

  $     $ 119,390   $ 119,390  
               

June 30, 2011

                   

Property acquisition:

                   

Unproved

  $   $ 9,226   $ 9,226  

Proved

             

Exploration

        26,882     26,882  

Development

             
               

Total costs incurred

  $   $ 36,108   $ 36,108  
               

June 30, 2010

                   

Property acquisition:

                   

Unproved

  $   $ 185   $ 185  

Proved

             

Exploration

        15,232     15,232  

Development

             
               

Total costs incurred

  $   $ 15,417   $ 15,417