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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2012
Costs and expenses:      
Depreciation $ 400 $ 630 $ 827
General, administrative and other operating 27,457 17,474 22,062
Full-Cost ceiling test write-down   441 116,312
Write-off of prospective investment deposit     10,000
Gain on legal settlement (10,734)    
Loss from operations (17,123) (18,545) (149,201)
Other income (expense):      
Other than temporary impairment of securities     (472)
Realized gain (loss) on sale of securities (69)   59
Interest income 75 84 301
Total other income (expense) 6 84 (112)
Loss before income tax (17,117) (18,461) (149,313)
Net loss $ (17,117) $ (18,461) $ (149,313)
Basic and diluted loss per common share (in dollars per share) $ (0.81) $ (0.88) $ (7.44)
Weighted average shares outstanding - basic and diluted (in shares) 21,046,591 20,962,096 20,085,915