CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2016	Jun. 30, 2015
Current assets:
Cash and cash equivalents	$ 12,956	$ 18,374
Accounts receivable - joint interest	101	73
Prepaid expenses	284	1,170
Other current assets	6	8
Total current assets	13,347	19,625
Property and equipment, net of accumulated depreciation of $2,048 and $1,983	78	160
Unproved oil and gas properties excluded from amortization (Full-Cost Method)		14,311
Total property and equipment and unproved oil and gas properties, net	78	14,471
Total assets	13,425	34,096
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities - Accounts payable and accrued expenses	$ 2,103	$ 1,668
Commitments and contingencies (Note 6)
Shareholders' equity:
Preferred stock, $0.001 par value; 20,000,000 authorized, 0 shares issued and outstanding
Common stock, $0.001 par value, 43,750,000 shares authorized; 21,046,591 shares issued and outstanding	$ 169	$ 169
Additional paid-in capital	317,684	317,404
Accumulated deficit	(306,531)	(285,145)
Total shareholders' equity	11,322	32,428
Total liabilities and shareholders' equity	$ 13,425	$ 34,096