ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Jun. 30, 2014
ACCOUNTS PAYABLE AND ACCRUED EXPENSES
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
Accounts payable and accrued expenses	$ 1,668	$ 5,662