XML 63 R26.htm IDEA: XBRL DOCUMENT v2.4.1.9
Property and Equipment (Tables)
 9 Months Ended
Mar. 31, 2015
Property, Plant and Equipment [Abstract]  
Schedule of oil and natural gas properties and other property and equipment
As of March 31, 2015 and June 30, 2014 our oil and natural gas properties and other property and equipment consisted of the following:
 
March 31,
2015
 
June 30,
2014
Oil and natural gas properties
 

 
 

Property costs subject to amortization
$
51,722,157

 
$
47,166,282

Less: Accumulated depreciation, depletion, and amortization
(11,372,217
)
 
(9,344,212
)
Unproved properties not subject to amortization
—

 
—

Oil and natural gas properties, net
$
40,349,940

 
$
37,822,070

Other property and equipment
 

 
 

Furniture, fixtures and office equipment, at cost
$
288,732

 
$
343,178

Artificial lift technology equipment, at cost
330,525

 
377,943

Less: Accumulated depreciation
(310,846
)
 
(296,294
)
Other property and equipment, net
$
308,411

 
$
424,827