QUARTERLY RESULTS (UNAUDITED) (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	0 Months Ended	3 Months Ended								12 Months Ended
	Jul. 02, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Selected unaudited quarter data
Depreciation		$ 119	$ 152	$ 176	$ 183	$ 177	$ 230	$ 241	$ 179
General, administrative and other operating		4,364	2,650	4,890	5,570	7,091	4,893	5,726	4,352	17,474	22,062	10,516
Full amortization of proved oil and gas properties					441	4,167	112,145			441	116,312
Write-off of prospective investment deposit							10,000				10,000
Loss from operations		(4,483)	(2,802)	(5,066)	(6,194)	(11,435)	(127,268)	(5,967)	(4,531)	(18,545)	(149,201)	(10,869)
Net loss		$ (4,409)	$ (2,798)	$ (5,064)	$ (6,190)	$ (11,416)	$ (127,198)	$ (6,323)	$ (4,376)
Basic and diluted loss per common share (in dollars per share)		$ (0.21)	$ (0.13)	$ (0.24)	$ (0.30)	$ (0.55)	$ (6.24)	$ (0.32)	$ (0.22)	$ (0.88)	$ (7.44)	$ (0.72)
Reverse stock split	0.125