INVESTMENT IN OIL AND GAS PROPERTIES (Tables) (Guinea concession)

6 Months Ended

Dec. 31, 2012

Guinea concession

Investments in oil and gas properties

Schedule of capitalized costs related to oil and gas producing activities

	December 31, 2012			June 30, 2012
Oil and Gas Properties:
Proved Oil and Gas Properties	$	116,753		$	116,312
Unproved Oil and Gas Properties	12,060			32,469
Other Equipment Costs	6,809			6,809
Total Oil and Gas Properties	135,622			155,590
Less — Accumulated depreciation, depletion and amortization costs	(116,753		)	(116,312		)
Unevaluated properties not subject to amortization	$	18,869		$	39,278