ACCOUNTS PAYABLE AND ACCRUED EXPENSES

6 Months Ended

Dec. 31, 2013

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

3. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses (in thousands) as of December 31, 2013 and June 30, 2013 include the following:

	December 31, 2013		June 30, 2013
Accounts payable — oil and gas exploration activities	$	21,262	$	22,208
Accounts payable — legal costs	2,954		164
Accrued payroll and bonus	1,289		215
Accrued — Other	17		15
	$	25,522	$	22,602