ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

12 Months Ended

Jun. 30, 2015

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Summary of accounts payable and accrued expenses

        Accounts payable and accrued expenses as of June 30, 2015 and 2014 include the following (in thousands):

	2015		2014
Accounts payable—trade and oil and gas exploration activities	$	1,157	$	998
Accounts payable—joint interest partner share of legal settlement		—		1,890
Accounts payable—legal costs		342		2,492
Accrued payroll		169		282
	$	1,668	$	5,662