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Consolidated Condensed Statements of Cash Flows - USD ($)
 3 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities    
Net income attributable to the Company $ 3,092,227 $ 1,129,010
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 1,230,432 381,509
Stock-based compensation 218,115 243,337
Accretion of discount on asset retirement obligations 11,343 4,636
Settlements of asset retirement obligations 0 (226,008)
Deferred income taxes (12,568) 124,603
Deferred rent 0 (4,286)
(Gain) on derivative instruments, net (1,938,389) 0
Write-off of deferred loan costs 50,414 0
Changes in operating assets and liabilities:    
Receivables from oil and natural gas sales 809,573 188,024
Receivables other (51,956) (22,458)
Prepaid expenses and other current assets 47,815 114,747
Accounts payable and accrued expenses (1,563,847) (1,345,875)
Income taxes payable 343,704 44,173
Net cash provided by operating activities 2,236,863 631,412
Cash flows from investing activities    
Derivative settlements received 551,772 0
Capital expenditures for oil and natural gas properties (6,571,757) (1,136)
Capital expenditures for other property and equipment 0 (156,798)
Other assets (23,802) (55,046)
Net cash used in investing activities (6,043,787) (212,980)
Cash flows from financing activities    
Cash dividends to preferred stockholders (168,575) (168,575)
Cash dividends to common stockholders (1,629,703) (3,279,341)
Acquisition of treasury stock (1,175,920) (55,452)
Tax benefits related to stock-based compensation 2,980,832 537,282
Deferred loan costs (1,276) (24,716)
Net cash provided by (used) in financing activities 5,358 (2,990,802)
Net decrease in cash and cash equivalents (3,801,566) (2,572,370)
Cash and cash equivalents, beginning of period 20,118,757 23,940,514
Cash and cash equivalents, end of period 16,317,191 21,368,144
Supplemental disclosures of cash flow information:    
Louisiana carryback income tax refund and related interest received 1,556,999 0
Non-cash transactions:    
Change in accounts payable used to acquire property and equipment (4,072,935) (31,806)
Deferred loan costs reclassified to oil and gas property cost 108,472 0
Change in accrued purchases of treasury stock $ (170,283) $ 0