ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2013	Jun. 30, 2013
ACCOUNTS PAYABLE AND ACCRUED EXPENSES
Accounts payable - oil and gas exploration activities	$ 21,796	$ 22,372
Accrued payroll and bonus	761	215
Accrued - Other	16	15
Accounts payable and accrued expenses	$ 22,573	$ 22,602