Property and Equipment (Tables)

9 Months Ended

Mar. 31, 2017

Property, Plant and Equipment [Abstract]

Schedule of oil and natural gas properties and other property and equipment

As of March 31, 2017 and June 30, 2016, our oil and natural gas properties and other property and equipment consisted of the following:

	March 31, 2017			June 30, 2016
Oil and natural gas properties
Property costs subject to amortization	$	84,337,308		$	77,408,353
Less: Accumulated depreciation, depletion, and amortization	(21,565,780		)	(17,437,890		)
Unproved properties not subject to amortization	—			—
Oil and natural gas properties, net	$	62,771,528		$	59,970,463
Other property and equipment
Furniture, fixtures, office equipment and other, at cost	$	231,432		$	235,752
Less: Accumulated depreciation	(186,238		)	(207,103		)
Other property and equipment, net	$	45,194		$	28,649