COMMITMENTS AND CONTINGENCIES (Details) (USD $)	12 Months Ended					12 Months Ended			1 Months Ended		1 Months Ended		1 Months Ended				1 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2010	Dec. 30, 2010 Series A Preferred Stock	Jun. 30, 2010 Series A Preferred Stock	Jun. 30, 2012 SCS	Jun. 30, 2011 Warrants	Jun. 30, 2010 Warrants	May 31, 2012 Iroquois Lawsuit item	May 09, 2012 Iroquois Lawsuit	Dec. 31, 2010 Wellington Lawsuit Series A Preferred Stock officer	Dec. 30, 2010 Wellington Lawsuit Series A Preferred Stock	Dec. 31, 2010 Wellington Lawsuit Warrants Series A Preferred Stock	Jun. 30, 2012 Ashley and Wilburn Lawsuits Trendsetter Production Company item	Jun. 30, 2011 Ashley and Wilburn Lawsuits Trendsetter Production Company	May 31, 2011 Ashley and Wilburn Lawsuits Trendsetter Production Company	Jun. 30, 2012 Shareholder Lawsuits item
LITIGATION AND OTHER LEGAL MATTERS
Number of shareholders demanding investigation of drilling operations and the Guinea Concession																	1
Number of plaintiffs which filed lawsuit									5
Damages sought									$ 18,500,000
Maximum possible loss										18,500,000
Shares issued under settlement agreement											239,437
Outstanding shares of Series A Preferred Stock					1,945							1,945
Number of former officers who agreed to the cancellation of award											2
Number of warrants cancelled (in warrants)							100,000	1,050,000					100,000
Exercise price of warrants cancelled (in dollars per share)											$ 4.00
Accrued dividend payable eliminated				372,000								372,000
Fair market value of common shares at settlement date		1,183,000									1,183,000
Corresponding charge to additional paid-in capital		811,000									811,000
Number of lawsuits														2
Amount paid to settle claim																20,000
Sale Of subsidiary, Trendsetter Production Company															20,000
Contingent notes payable
Contingent note payable due to the former owners of SCS Corporation's assets						350,000
Payment from net income against contingent note (as a percent)						25.00%
Operating Leases
2013	297,000
2014	326,000
2015	229,000
Total minimum payments required	852,000
Rent expense	$ 483,000	$ 295,000	$ 154,000