CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (8,966)	$ (21,386)
Adjustments to reconcile net loss to net cash used in operating activities:
Gain on legal settlement	(4,078)
Depreciation	42	83
Loss on disposal of fixed assets	1
Full-cost ceiling test write-down	753	14,331
Internal costs written off to general, administrative and other	1,275
Stock based compensation	146	280
Stock issued in lieu of cash bonuses	57
Stock issued for Settlement	1,308
Changes in operating assets and liabilities:
Increase in Accounts receivable - joint interest		(28)
Decrease in Prepaid expenses	972	886
(Increase) decrease in Deposits and other current assets	(104)	2
Decrease in Accounts payable and accrued expenses	426	435
Net cash used in operating activities	(8,168)	(5,397)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(45)	(1)
Investment in unproved oil and gas properties	(2,568)	(20)
Net cash used in investing activities	(2,613)	(21)
CASH FLOWS FROM FINANCING ACTIVITIES:
Preferred stock issued	1,191
Offering costs	(210)
Proceeds from exercise of stock options	64
Net cash provided by financing activities	1,045
DECREASE IN CASH AND CASH EQUIVALENTS	(9,736)	(5,418)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	10,327	18,374
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 591	$ 12,956