COMMITMENTS AND CONTINGENCIES (Details) (USD $)	3 Months Ended		6 Months Ended					0 Months Ended		1 Months Ended	6 Months Ended		0 Months Ended	6 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013 Guinea concession	Dec. 30, 2012 Guinea concession	Dec. 31, 2013 Shareholder Lawsuits	May 09, 2012 Iroquois Lawsuit item	Dec. 31, 2013 Iroquois Lawsuit	Oct. 31, 2012 AGR Lawsuit AGR Peak Well Management Ltd	Dec. 31, 2013 AGR Lawsuit AGR Peak Well Management Ltd	May 24, 2013 AGR Lawsuit AGR Peak Well Management Ltd item	Oct. 02, 2012 AGR Lawsuit AGR Peak Well Management Ltd	Dec. 31, 2013 Foreign Corrupt Practices Act Investigations
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
Number of trials into which legal matters are consolidated												1
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 sought on a gross basis										9,500,000	9,500,000
Additional amount sought based ownership interest held										7,300,000	7,300,000
Ownership interest in Guinea Concession (as a percent)					37.00%	77.00%
Loss contingency amounts related to potential fines, sanctions or other penalties														0
Legal and other professional fees														3,000,000
Operating Leases
2014	210,000		210,000
2015	284,000		284,000
Total minimum payments required	494,000		494,000
Rent expense	$ 100,000	$ 100,000	$ 200,000	$ 200,000