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Receivables (Tables)

9 Months Ended

Mar. 31, 2015

Receivables [Abstract]

Schedule of Receivables

As of March 31, 2015 and June 30, 2014 our receivables consisted of the following:

	March 31, 2015				June 30, 2014
Receivables from oil and gas sales	$	2,463,204			$	1,456,146
Receivable from insurer recovering litigation costs	206,895				—
Other	16,587				1,066
Total receivables	$	2,686,686			$	1,457,212

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- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.3,4)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 3, 4

-Article 5

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