COMMITMENTS AND CONTINGENCIES (Details) (USD $)	3 Months Ended		9 Months Ended						0 Months Ended			0 Months Ended	1 Months Ended	9 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013 Guinea concession	Dec. 30, 2012 Guinea concession	Feb. 29, 2012 Guinea concession	Mar. 31, 2013 Shareholder Lawsuits	May 09, 2012 Iroquois Lawsuit item	Mar. 31, 2013 Iroquois Lawsuit	Mar. 31, 2013 AGR Lawsuit	Oct. 02, 2012 AGR Lawsuit AGR Peak Well Management Ltd	Oct. 31, 2012 AGR Lawsuit AGR Peak Well Management Ltd	Mar. 31, 2013 AGR Lawsuit AGR Peak Well Management Ltd
LITIGATION AND OTHER LEGAL MATTERS
Provision for possible loss								$ 0		$ 0	$ 0
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%	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	86,000		86,000
2014	374,000		374,000
2015	256,000		256,000
Total minimum payments required	716,000		716,000
Rent expense	$ 100,000	$ 100,000	$ 300,000	$ 300,000