CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (1,905)	$ (4,047)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	28	86
Stock based compensation	92	259
Changes in operating assets and liabilities:
Increase in Accounts receivable - joint interest	(2)
Decrease in Prepaid expenses	302	199
(Increase) decrease in Other current assets	(4)	4
Decrease in Accounts payable and accrued expenses	(1,117)	(4,472)
Net cash used in operating activities	(2,606)	(7,971)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment		(4)
Investment in unproved oil and gas properties	(20)	(40)
Net cash used in investing activities	(20)	(44)
DECREASE IN CASH AND CASH EQUIVALENTS	(2,626)	(8,015)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	18,374	35,270
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 15,748	27,255
NON-CASH INVESTING AND FINANCING TRANSACTIONS:
Decrease in Accounts payable for oil and gas properties		$ (12)