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Consolidated Condensed Statements of Operations - USD ($)
 3 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Revenues    
Total revenues $ 7,379,406 $ 4,004,827
Operating costs    
Depreciation, depletion and amortization 1,218,273 369,350
Accretion of discount on asset retirement obligations 11,343 4,636
General and administrative expenses [1] 1,684,845 1,504,593
Total operating costs 5,532,908 2,163,961
Income from operations 1,846,498 1,840,866
Other    
Gain on settled derivative instruments, net 866,427 0
Gain on unsettled derivative instruments, net 1,071,962 0
Delhi field insurance recovery related to pre-reversion event 1,074,957 0
Interest income 5,812 12,763
Interest (expense) (18,460) (18,460)
Income before income taxes 4,847,196 1,835,169
Income tax provision 1,754,969 706,159
Net income attributable to the Company 3,092,227 1,129,010
Dividends on preferred stock 168,575 168,575
Net income available to common stockholders $ 2,923,652 $ 960,435
Earnings per common share    
Basic (in dollars per share) $ 0.09 $ 0.03
Diluted (in dollars per share) $ 0.09 $ 0.03
Weighted average number of common shares    
Basic (in shares) 32,718,244 32,682,401
Diluted (in shares) 32,774,176 32,826,250
Delhi field    
Revenues    
Total revenues $ 7,296,386 $ 3,868,602
Operating costs    
Production costs 2,557,887 0
Artificial lift technology    
Revenues    
Total revenues 83,020 115,856
Operating costs    
Production costs 59,514 197,360
Other properties    
Revenues    
Total revenues 0 20,369
Operating costs    
Production costs $ 1,046 $ 88,022
[1] General and administrative expenses for the three months ended September 30, 2015 and 2014 included non-cash stock-based compensation expense of $218,115 and $243,337, respectively.