CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Share data, unless otherwise specified	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010
Costs and expenses:
Depreciation	$ 827	$ 353	$ 156
Selling, general and administrative	22,062	10,516	10,847
Full amortization of proved oil and gas properties	116,312
Write-off of prospective investment deposit	10,000
Total costs and expenses	149,201	10,869	11,003
Gain on sale of interest in unevaluated oil and gas properties			2,955
Loss from operations	(149,201)	(10,869)	(8,048)
Other income (expense):
Gain (Loss) on warrant derivative liability		(771)	279
Other than temporary impairment of securities	(472)
Realized gain on sale of securities	59
Interest income (expense), net	301	402	(707)
Loss on settlement of debt			(298)
Total other income (expense)	(112)	(369)	(726)
Loss from continuing operations before income tax	(149,313)	(11,238)	(8,774)
Income from discontinued operations, net of tax (including gain on sale of $765 in 2010)			765
Net loss	$ (149,313)	$ (11,238)	$ (8,009)
Basic and diluted income (loss) per common share
From continuing operations (in dollars per share)	$ (0.93)	$ (0.09)	$ (0.10)
From discontinued operations (in dollars per share)	$ 0.00	$ 0.00	$ 0.01
Net loss attributable to common shareholders (in dollars per share)	$ (0.93)	$ (0.09)	$ (0.09)
Weighted average shares outstanding - basic and diluted (in shares)	160,687,318	125,997,638	85,913,956