ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Tables)

6 Months Ended

Dec. 31, 2015

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Summary of accounts payable and accrued expenses

Accounts payable and accrued expenses as of December 31, 2015 and June 30, 2015 include the following (in thousands):

	December 31, 2015		June 30, 2015
Accounts payable — trade and oil and gas exploration activities	$	74	$	1,157
Accounts payable — legal costs	168		342
Accrued payroll	434		169
	$	676	$	1,668