CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net profit (loss)	$ 1,144	$ (1,905)
Adjustments to reconcile net profit (loss) to net cash used in operating activities:
Depreciation	25	28
Gain on legal settlement	(4,448)
Stock based compensation	30	92
Changes in operating assets and liabilities:
Increase in Accounts receivable - joint interest		(2)
Decrease in Prepaid expenses	327	302
Increase in Other current assets	(5)	(4)
Decrease in Accounts payable and accrued expenses	(522)	(1,117)
Net cash used in operating activities	(3,449)	(2,606)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(10)
Investment in unproved oil and gas properties	(176)	(20)
Net cash used in financing activities	(186)	(20)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options	18
Net cash provided by financing activities	18
DECREASE IN CASH AND CASH EQUIVALENTS	(3,617)	(2,626)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	10,327	18,374
CASH AND CASH EQUIVALENTS AT END OF PERIOD	6,710	$ 15,748
NON-CASH INVESTING AND FINANCING TRANSACTIONS:
Accrued capital expenditures in accounts payable and accrued expenses	107
Non-cash oil and gas property well construction material received in legal settlement	$ 4,448