SUPPLEMENTAL OIL AND GAS INFORMATION (UNAUDITED) (Tables)

12 Months Ended

Jun. 30, 2014

SUPPLEMENTAL OIL AND GAS INFORMATION (UNAUDITED)

Schedule of capitalized costs related to oil and gas producing activities

Aggregate capitalized costs relating to our crude oil and natural gas producing activities, including asset retirement costs and related accumulated depreciation, depletion & amortization are shown below (in thousands):

	United		Republic of
	States		Guinea		Total
June 30, 2014
Unproved properties	$	—	$	14,259	$	14,259
Proved properties	—		—		—
	—		14,259		14,259
Less accumulated DD&A	—		—		—
Net capitalized costs	$	—	$	14,259	$	14,259
June 30, 2013
Unproved properties	$	—	$	21,174	$	21,174
Proved properties	—		—		—
	—		21,174		21,174
Less accumulated DD&A	—		—		—
Net capitalized costs	$	—	$	21,174	$	21,174
June 30, 2012
Unproved properties	$	—	$	39,278	$	39,278
Proved properties	—		—		—
	—		39,278		39,278
Less accumulated DD&A	—		—		—
Net capitalized costs	$	—	$	39,278	$	39,278

Schedule of costs incurred in oil and gas, exploration and development activities

Costs incurred in connection with our crude oil and natural gas acquisition, exploration and development activities are shown below (in thousands):

	United		Republic of
	States		Guinea			Total
June 30, 2014
Property acquisition:
Unproved	$	—	$	—		$	—
Exploration	—		(6,586		)	(6,586		)
Development	—		—			—
Total costs incurred	$		$	(6,586	)	$	(6,586	)
June 30, 2013
Property acquisition:
Unproved	$	—	$	441		$	441
Exploration	—		5,381			5,381
Development	—		—			—
Total costs incurred	$		$	5,822		$	5,822
June 30, 2012
Property acquisition:
Unproved	$	—	$	90,834		$	90,834
Exploration	—		28,556			28,556
Development	—		—			—
Total costs incurred	$	—	$	119,390		$	119,390