ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	12 Months Ended				15 Months Ended	12 Months Ended	1 Months Ended	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2009	Jun. 30, 2012 AGR Lawsuit	Jun. 30, 2012 Concession sqkm	Feb. 29, 2012 Sabu - 1 well m	Jun. 30, 2012 Sabu - 1 well
Status of our Business
Depth of well drilled (in meters)							3,600
Costs incurred on oil and gas properties						$ 30,000,000		$ 125,900,000
Costs incurred on oil and gas properties based on current ownership interest						23,100,000		96,900,000
Ownership interest (as a percent)						77.00%
Gross payment made for cost incurred on exploration of wells						25,800,000		113,600,000
Gross payment made for cost incurred on exploration of wells based on current ownership interest						19,900,000		87,500,000
Gross amount of claim for additional cost					8,500,000
Gross amount of claim for additional cost current ownership interest					6,500,000
Area for which 3D seismic survey to be conducted (in square kilometers)						4,000
Interest percentage in oil and gas property, which is to be sold or farmed-out						40.00%
Cash	37,148,000	79,889,000	26,040,000	1,360,000
Restricted cash	19,180,000
Liabilities	26,729,000	3,254,000
Current liabilities	26,604,000	3,116,000
Noncurrent liabilities	$ 125,000	$ 138,000
Average period over which oil and natural gas price is based to derive future net revenue	12 months