ACCOUNTS PAYABLE AND ACCRUED EXPENSES

3 Months Ended

Sep. 30, 2011

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

3. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses (in thousands) as of September 30, 2011 and June 30, 2011 include the following:

	September 30, 2011		June 30, 2011
Accounts payable — oil and gas exploration activities	$	4,424	$	2,228
Accrued payroll and bonus	826		364
Accrued — Other	640		524
	$	5,890	$	3,116