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

9 Months Ended

Mar. 31, 2013

Guinea concession

Investments in oil and gas properties

Schedule of capitalized costs related to oil and gas producing activities

The following table provides detail of total capitalized costs for our Guinea concession as of March 31, 2013 and June 30, 2012 (in thousands):

	March 31, 2013			June 30, 2012
Oil and Gas Properties:
Proved Oil and Gas Properties	$	116,753		$	116,312
Unproved Oil and Gas Properties	13,152			32,469
Other Equipment Costs	6,809			6,809
Total Oil and Gas Properties	136,714			155,590
Less — Accumulated depreciation, depletion and amortization costs	(116,753		)	(116,312		)
Unevaluated properties not subject to amortization	$	19,961		$	39,278