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Property and Equipment (Tables)
 3 Months Ended
Sep. 30, 2014
Property, Plant and Equipment [Abstract]  
Schedule of oil and natural gas properties and other property and equipment
As of September 30, 2014 and June 30, 2014, our oil and natural gas properties and other property and equipment consisted of the following:
 
September 30,
2014
 
June 30,
2014
Oil and natural gas properties
 

 
 

Property costs subject to amortization
$
47,167,417

 
$
47,166,282

Less: Accumulated depreciation, depletion, and amortization
(9,515,967
)
 
(9,344,212
)
Oil and natural gas properties, net
$
37,651,450

 
$
37,822,070

Other property and equipment
 

 
 

Furniture, fixtures and office equipment, at cost
$
348,507

 
$
343,178

Artificial lift technology equipment, at cost
497,606

 
377,943

Less: Accumulated depreciation
(401,171
)
 
(296,294
)
Other property and equipment, net
$
444,942

 
$
424,827