CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2012	Mar. 31, 2011
Costs and expenses:
Depreciation	$ 230	$ 100	$ 650	$ 241
Selling, general and administrative	4,893	2,571	14,971	7,838
Full amortization of proved oil and gas properties	112,145		112,145
Write-off of prospective investment deposit	10,000		10,000
Loss from operations	(127,268)	(2,671)	(137,766)	(8,079)
Other income (expense):
Loss on warrant derivative liability				(771)
Other than temporary impairment of securities			(472)
Realized gain on sale of securities	59		59
Interest income	11	33	281	47
Total other income (expense)	70	33	(132)	(724)
Loss before income tax	(127,198)	(2,638)	(137,898)	(8,803)
Net loss	$ (127,198)	$ (2,638)	$ (137,898)	$ (8,803)
Basic and diluted loss per share (in dollars per share)	$ (0.78)	$ (0.02)	$ (0.87)	$ (0.08)
Weighted average shares outstanding - basic (in shares)	163,116,280	126,350,059	158,649,617	116,170,158
Weighted average shares outstanding - diluted (in shares)	163,116,280	126,350,059	158,649,617	116,170,158