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Supplemental Disclosure of Cash Flow Information (Tables)
 12 Months Ended
Jun. 30, 2014
Supplemental Cash Flow Elements [Abstract]  
Schedule of supplemental disclosures of cash flow information
 
June 30,
 
2014
 
2013
 
2012
Income taxes paid
$
755,941

 
$
699,874

 
$
895,000

Non-cash transactions:
 
 
 
 
 
Change in accounts payable used to acquire property and equipment
$
(183,766
)
 
$
(1,535,322
)
 
$
1,761,633

Oil and natural gas property costs attributable to the recognition of asset retirement obligations
$
66,976

 
$
65,575

 
$
93,522

Previously acquired Company shares swapped by holders to pay stock option exercise price
$
618,606

 
$
—

 
$
—