COMMITMENTS AND CONTINGENCIES (Details) (USD $)	3 Months Ended		6 Months Ended				0 Months Ended		1 Months Ended	6 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012 Guinea concession	Dec. 30, 2012 Guinea concession	May 09, 2012 Iroquois Lawsuit item	Oct. 02, 2012 AGR Lawsuit AGR Peak Well Management Ltd	Oct. 31, 2012 AGR Lawsuit AGR Peak Well Management Ltd	Dec. 31, 2012 AGR Lawsuit AGR Peak Well Management Ltd
LITIGATION AND OTHER LEGAL MATTERS
Number of plaintiffs which filed lawsuit							5
Damages sought							$ 18,500,000	$ 22,200,000
Maximum possible loss							18,500,000
Total amount paid on gross basis										107,600,000
Share of entity in total amount paid on gross basis										82,900,000
Ownership interest in Guinea Concession (as a percent)					37.00%	77.00%
Amount in escrow account established to fund the well drilling project										19,200,000
Additional payable for costs associated with the drilling well										21,500,000
Amount held on a gross basis of excess materials acquired during the drilling										8,800,000
Additional amount seeks on a gross basis									9,500,000	9,500,000
Share of entity in additional amount seeks on a gross basis									7,300,000	7,300,000
Operating Leases
2013	168,000		168,000
2014	374,000		374,000
2015	256,000		256,000
Total minimum payments required	798,000		798,000
Rent expense	$ 100,000	$ 100,000	$ 200,000	$ 200,000