CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (21,526)	$ (22,846)
Adjustments to reconcile net loss to net cash used in operating activities:
Gain on legal settlement	(4,079)
Depreciation	48	109
Loss on disposal of fixed assets	1
Full-Cost ceiling test write-down	13,316	14,331
Unrealized gain on change in warrants derivative liability	(705)
Stock based compensation	190	353
Stock issued in lieu of cash bonuses	57
Stock issued for settlement	1,308
Cost of equity issuance for warrants	244
Changes in operating assets and liabilities:
(Increase) decrease in Prepaid expenses	1,259	(124)
(Increase) decrease in Other current assets	(104)	75
Increase (decrease) in Accounts payable and accrued expenses	(337)	75
Net cash used in operating activities	(10,328)	(8,027)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(49)
Increase in restricted cash	(75)
Proceeds from sale of 50% interest to SAPETRO	4,100
Investment in oil and gas properties	(9,062)	(20)
Net cash used in investing activities	(5,086)	(20)
CASH FLOWS FROM FINANCING ACTIVITIES:
Common stock issued, net of stock issuance cost of $664	5,666
Preferred stock issued, net of stock issuance cost of $308	1,643
Other	111
Proceeds from exercise of stock options	121
Net cash provided by financing activities	7,541
DECREASE IN CASH AND CASH EQUIVALENTS	(7,873)	(8,047)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	10,327	18,374
CASH AND CASH EQUIVALENTS AT END OF YEAR	2,454	$ 10,327
NON-CASH INVESTING AND FINANCING TRANSACTIONS:
Capital expenditures in accounts payable at June 30, 2017	3,276
Stock issued to Pacific Drilling in lieu of cash	1,000
Investor warrants issued as part of equity offerings (reduction to equity)	$ 2,492