ACCOUNTS PAYABLE AND ACCRUED EXPENSES

9 Months Ended

Mar. 31, 2015

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 March 31, 2015 and June 30, 2014 include the following:

	March 31, 2015		June 30, 2014
Accounts payable — trade and oil and gas exploration activities	$	135	$	998
Accounts payable — joint interest partner share of legal settlement	—		1,890
Accounts payable — legal costs	1,212		2,492
Accrued payroll and bonus	689		282
	$	2,036	$	5,662