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Property and Equipment (Details) (USD $) | 6 Months Ended |  |  |  | 6 Months Ended |  |  | 0 Months Ended |  |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Dec. 31, 2012 | Jun. 30, 2012 | Dec. 31, 2012 Mississippi Lime | Jun. 30, 2012 Mississippi Lime | Dec. 31, 2012 Woodford Shale properties | Dec. 31, 2012 Oil and natural gas properties | Jun. 30, 2012 Oil and natural gas properties | Dec. 24, 2012 Oil and natural gas properties ASM | Nov. 01, 2012 Oil and natural gas properties Woodford Shale properties Enervest LLC | Dec. 31, 2012 Other Property and Equipment | Jun. 30, 2012 Other Property and Equipment
Property and Equipment |  |  |  |  |  |  |  |  |  |  |
Property and Equipment, Net | $ 40,344,715 | $ 40,568,443 |  |  |  | $ 40,276,684 | $ 40,476,172 |  |  | $ 68,031 | $ 92,271
Oil and natural gas properties |  |  |  |  |  |  |  |  |  |  |
Property costs subject to amortization | 38,447,880 | 40,874,244 |  |  |  |  |  |  |  |  |
Less: Accumulated depreciation, depletion, and amortization | (7,202,718) | (6,440,166) |  |  |  |  |  |  |  |  |
Unproved properties not subject to amortization | 9,031,522 | 6,042,094 |  |  |  |  |  |  |  |  |
Other property and equipment |  |  |  |  |  |  |  |  |  |  |
Furniture, fixtures and office equipment, at cost | 322,515 | 322,514 |  |  |  |  |  |  |  |  |
Less: Accumulated depreciation | (254,484) | (230,243) |  |  |  |  |  |  |  |  |
Unevaluated acreage included in unproved properties not subject to amortization |  |  | 9,000,000 | 6,000,000 |  |  |  |  |  |  |
Impaired assets transferred in prior period |  |  |  |  | 2,200,000 |  |  |  |  |  |
Proceeds from asset sales | $ 3,054,976 |  |  |  |  |  |  | $ 2,800,000 | $ 250,000 |  |

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- Definition The sum of the capitalized costs incurred, as of the balance sheet date, of unproved properties excluded from amortization including acquisition costs, exploration costs, development costs, and production costs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 932 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-10.(c)(7)(ii)) -URI http://asc.fasb.org/extlink&oid=21918352&loc=d3e511914-122862 + Details
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- Definition The cash inflow from the sale of property, plant and equipment (capital expenditures), software, and other intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 16 -Subparagraph c -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Investing Activities -URI http://asc.fasb.org/extlink&oid=6516133 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 15 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3179-108585 + Details
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