ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

6 Months Ended

Dec. 31, 2012

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Summary of accounts payable and accrued expenses

	December 31, 2012		June 30, 2012
Accounts payable — oil and gas exploration activities	$	24,501	$	21,965
Accrued payroll and bonus	2,335		4,220
Accrued — Other	16		419
	$	26,852	$	26,604