Consolidated Statement of Operations (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
REVENUES:
Oil production	$ 2,134	$ 1,460
Gas production	221	200
Total revenues	2,355	1,660
OPERATING EXPENSES:
Lease operating	2,756	2,051
Depletion, depreciation, amortization, and accretion	309	316
Exploration	929	622
General and administrative	3,095	3,663
Impairment	0	890
Gain on sale of assets	61	0
Total operating (income) expense	7,150	7,542
Income (loss) from operations	(4,795)	(5,882)
Other income (expense)
Net interest income	20	221
Other income	(60)	15
Total other income (expense)	(40)	236
Income (loss) before income tax	(4,835)	(5,646)
Income tax benefit (provision)	0	336
Net income (loss) after income tax	(4,835)	(5,310)
Preferred stock dividend	(415)	0
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ (5,250)	$ (5,310)
Earnings per common share (Note 8):
Weighted average number of basic shares outstanding (in shares)	45,348,840	53,849,181
Net income (loss) per basic share outstanding (dollars per share)	$ (0.12)	$ (0.10)