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Property and Equipment (Tables)
 3 Months Ended
Sep. 30, 2015
Property, Plant and Equipment [Abstract]  
Schedule of oil and natural gas properties and other property and equipment
As of September 30, 2015 and June 30, 2015 our oil and natural gas properties and other property and equipment consisted of the following:
 
September 30,
2015
 
June 30,
2015
Oil and natural gas properties
 

 
 

Property costs subject to amortization
$
60,325,947

 
$
57,718,653

Less: Accumulated depreciation, depletion, and amortization
(13,720,639
)
 
(12,531,767
)
Unproved properties not subject to amortization
—

 
—

Oil and natural gas properties, net
$
46,605,308

 
$
45,186,886

Other property and equipment
 

 
 

Furniture, fixtures and office equipment, at cost
$
287,680

 
$
287,680

Artificial lift technology equipment, at cost
319,994

 
319,994

Less: Accumulated depreciation
(354,967
)
 
(330,918
)
Other property and equipment, net
$
252,707

 
$
276,756