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Property and Equipment (Details) (USD $)	Sep. 30, 2013	Jun. 30, 2013	Sep. 30, 2012
Property and Equipment
Total property and equipment	$ 38,969,008	$ 38,841,249
Oil and natural gas properties
Property costs subject to amortization	43,159,269	42,772,184
Less: Accumulated depreciation, depletion, and amortization	(8,397,608)	(8,095,856)
Unproved properties not subject to amortization	4,161,816	4,112,704
Other property and equipment
Furniture, fixtures and office equipment, at cost	322,514	322,514
Less: Accumulated depreciation	(276,983)	(270,297)
Mississippi Lime - unevaluated acreage
Oil and natural gas properties
Unproved properties not subject to amortization	4,200,000	4,100,000
Oil and natural gas properties
Property and Equipment
Total property and equipment	38,923,477	38,789,032
Other property and equipment
Impaired unproved properties	0		0
Other Property and Equipment
Property and Equipment
Total property and equipment	$ 45,531	$ 52,217

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Capitalized costs of impaired unproved properties incurred.

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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

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Oil and gas properties, gross, carried under the full cost method.

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Amount, net of accumulated depreciation, depletion and amortization, of long-lived physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment.

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.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.

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The cumulative amount of depreciation (related to capitalized assets classified as property, plant and equipment not otherwise defined in the taxonomy) that has been recognized in the income statement.

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