QUARTERLY RESULTS (UNAUDITED) - Tabular Disclosure (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2017	Jun. 30, 2016
Selected unaudited quarter data
Depreciation	$ 6	$ 7	$ 10	$ 25	$ 26	$ 27	$ 28	$ 28	$ 48	$ 109
General, administrative and other operating	1,971	3,380	3,006	3,966	1,434	3,266	1,829	1,877	12,323	8,406
Full impairment of unproved oil and gas properties	11,288		2,028			14,331			13,316	14,331
Profit (Loss) from operations	(13,265)	(3,387)	(5,044)	(3,991)	(1,460)	(17,624)	(1,857)	(1,905)	(25,687)	(22,846)
Gain (loss) on legal settlement			(371)	5,135					4,764
Cost of legal settlement			(1,308)						(1,308)
Gain on derivative liability	705								705
Net Profit (Loss)	(12,560)	(3,387)	(6,723)	1,144	$ (1,460)	$ (17,624)	$ (1,857)	$ (1,905)	(21,526)	(22,846)
Non-cash preferred dividend	(1,511)								(1,511)
Net Profit (Loss) available to common stockholders	$ (14,071)	$ (3,387)	$ (6,723)	$ 1,144					$ (23,037)	$ (22,846)
Basic and diluted loss per common share (in dollars per share)	$ (0.64)	$ (0.16)	$ (0.31)	$ 0.05	$ (0.07)	$ (0.84)	$ (0.09)	$ (0.09)	$ (1.06)	$ (1.09)