XML 59 R53.htm IDEA: XBRL DOCUMENT v3.2.0.727
Property and Equipment - Summary of Property and Equipment (Details) - USD ($)
Jun. 30, 2015
Jun. 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 0 0
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