CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013		Jun. 30, 2012
Current assets:
Cash and cash equivalents	$ 26,468		$ 37,148
Available-for-sale securities	15,383
Accounts receivable - joint interest	754		1,263
Prepaid expenses	637		753
Other current assets	37		3,559
Total current assets	43,279		42,723
Property and equipment, net of accumulated depreciation of $1,462 and $1,443	710		1,584
Oil and gas properties, using full-cost accounting:
Proved properties	116,753		116,312
Unevaluated properties excluded from amortization	21,174		39,278
Total oil and gas properties	137,927		155,590
Less- accumulated depreciation, depletion and amortization	(116,753)		(116,312)
Oil and gas properties, using full-cost accounting	21,174		39,278
Other Assets:
Restricted cash	19,190		19,180
Deposits	15		31
Total assets	84,368		102,796
Current liabilities:
Accounts payable and accrued expenses	22,602		26,604
Total current liabilities	22,602		26,604
Other non-current liabilities	92		125
Total liabilities	22,694		26,729
Commitments and contingencies (Note 11)
Shareholders' equity:
Preferred stock, $0.001 par value; 20,000,000 authorized, 0 shares issued and outstanding
Common stock, $0.001 par value, 43,750,000 shares authorized; 21,046,591 and 20,867,216 shares issued and outstanding, respectively	169	[1]	167	[1]
Additional paid-in capital	316,235		312,075
Accumulated other comprehensive loss	(94)
Accumulated deficit	(254,636)		(236,175)
Total shareholders' equity	61,674		76,067
Total liabilities and shareholders' equity	$ 84,368		$ 102,796

[1] All share amounts and computations using such amounts have been retroactively adjusted to reflect the July 1, 2013 1-for-8 reverse stock split.