INVESTMENT IN OIL AND GAS PROPERTIES (Tables)

9 Months Ended

Mar. 31, 2015

INVESTMENT IN OIL AND GAS PROPERTIES

Schedule of total capitalized costs of oil and gas properties

The following table provides detail of total capitalized costs for our Guinea concession which remain unproved and unevaluated and are excluded from amortization as of March 31, 2015 and June 30, 2014 (in thousands):

	March 31, 2015		June 30, 2014
Oil and Gas Properties:
Unproved properties not subject to amortization	$	14,311	$	14,259