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Property and Equipment (Tables)
 12 Months Ended
Jun. 30, 2015
Property, Plant and Equipment [Abstract]  
Schedule of oil and natural gas properties and other property and equipment
As of June 30, 2015 and June 30, 2014, our oil and natural gas properties and other property and equipment consisted of the following:
 
June 30,
2015
 
June 30,
2014
Oil and natural gas properties
 
 
 
Property costs subject to amortization
$
57,718,653

 
$
47,166,282

Less: Accumulated depreciation, depletion, and amortization
(12,531,767
)
 
(9,344,212
)
Unproved properties not subject to amortization
—

 
—

Oil and natural gas properties, net
45,186,886

 
37,822,070

Other property and equipment
 
 
 
Furniture, fixtures and office equipment, at cost
287,680

 
343,178

Artificial lift technology equipment, at cost
319,994

 
377,943

Less: Accumulated depreciation
(330,918
)
 
(296,294
)
Other property and equipment, net
$
276,756

 
$
424,827