COMMITMENTS AND CONTINGENCIES (Details) (USD $)	12 Months Ended				0 Months Ended		0 Months Ended	12 Months Ended	0 Months Ended			12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2014 Shareholder Lawsuits	May 09, 2012 Iroquois Lawsuit item	Jun. 30, 2014 Iroquois Lawsuit	May 16, 2014 AGR Lawsuit	Jun. 30, 2014 AGR Lawsuit	May 16, 2014 AGR Lawsuit AGR Peak Well Management Ltd	Jun. 21, 2012 AGR Lawsuit AGR Peak Well Management Ltd	May 24, 2013 AGR Lawsuit AGR Peak Well Management Ltd item	Jun. 30, 2014 Foreign Corrupt Practices Act Investigations
LITIGATION AND OTHER LEGAL MATTERS
Provision for possible loss				$ 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
Release of escrowed cash upon litigation settlement							17,700,000	17,700,000
Long term restricted cash held in escrow		19,190,000					19,200,000	0
Excess drilling equipment released as a part of litigation settlement							6,800,000	6,800,000	6,800,000
Net proceeds after reconciliation of the joint interest account with Dana Petroleum, the other working interest holder							15,800,000
Loss contingency amounts related to potential fines, sanctions or other penalties												0
Legal and other professional fees												7,500,000
Operating Leases
2015	328,000
2016	386,000
2017	392,000
2018	399,000
2019 and thereafter	715,000
Total minimum payments required	2,220,000
Rent expense	$ 300,000	$ 400,000	$ 500,000