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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Costs and expenses:        
Depreciation $ 10,000 $ 28,000 $ 35,000 $ 56,000
General, administrative and other operating 4,281,000 1,829,000 8,247,000 3,706,000
Full-cost ceiling test write-down 753,000   753,000  
Loss from operations (5,044,000) (1,857,000) (9,035,000) (3,762,000)
Gain (loss) on settlement agreement (371,000)   4,764,000  
Cost of legal settlement (1,308,000)   (1,308,000)  
Loss before income tax (6,723,000) (1,857,000) (5,579,000) (3,762,000)
Net loss $ (6,723,000) $ (1,857,000) $ (5,579,000) $ (3,762,000)
Basic and diluted loss per share $ (0.31) $ (0.09) $ (0.26) $ (0.18)
Weighted average shares outstanding - basic and diluted 21,201,536 21,046,591 21,127,758 21,046,591