CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Share data, unless otherwise specified	12 Months Ended
	Jun. 30, 2013		Jun. 30, 2012		Jun. 30, 2011
Costs and expenses:
Depreciation	$ 630		$ 827		$ 353
General, administrative and other operating	17,474		22,062		10,516
Full amortization of proved oil and gas properties	441		116,312
Write-off of prospective investment deposit			10,000
Loss from operations	(18,545)		(149,201)		(10,869)
Other income (expense):
Loss on warrant derivative liability					(771)
Other than temporary impairment of securities			(472)
Realized gain on sale of securities			59
Interest income	84		301		402
Total other income (expense)	84		(112)		(369)
Loss before income tax	(18,461)		(149,313)		(11,238)
Income tax	0
Net loss	$ (18,461)		$ (149,313)		$ (11,238)
Basic and diluted loss per common share (in dollars per share)	$ (0.88)		$ (7.44)		$ (0.72)
Weighted average shares outstanding - basic and diluted (in shares)	20,962,096	[1]	20,085,915	[1]	15,749,705	[1]

[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.