COMMITMENTS AND CONTINGENCIES (Details) (USD $)	12 Months Ended						1 Months Ended					0 Months Ended	1 Months Ended	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2013 Guinea concession	Dec. 30, 2012 Guinea concession	Jun. 30, 2013 Shareholder Lawsuits	May 31, 2012 Iroquois Lawsuit item	Jun. 30, 2013 Iroquois Lawsuit	May 09, 2012 Iroquois Lawsuit	Jun. 30, 2013 AGR Lawsuit	May 24, 2013 AGR Lawsuit item	Oct. 02, 2012 AGR Lawsuit AGR Peak Well Management Ltd	Oct. 31, 2012 AGR Lawsuit AGR Peak Well Management Ltd	Jun. 30, 2013 AGR Lawsuit AGR Peak Well Management Ltd
LITIGATION AND OTHER LEGAL MATTERS
Provision for possible loss						$ 0		$ 0		$ 0
Number of plaintiffs which filed lawsuit							5
Damages sought							18,500,000					22,200,000
Number of trials into which legal matters are consolidated											1
Maximum possible loss									18,500,000
Ownership interest in Guinea Concession (as a percent)				37.00%	77.00%
Amount in escrow account established to fund the well drilling project														19,200,000
Additional payable for costs associated with the drilling well														21,500,000
Amount held on a gross basis of excess materials acquired during the drilling														8,800,000
Additional amount seeks on a gross basis													9,500,000	9,500,000
Share of entity in additional amount seeks on a gross basis													7,300,000	7,300,000
Operating Leases
2014	420,000
2015	284,000
Total minimum payments required	704,000
Rent expense	$ 443,000	$ 483,000	$ 295,000