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Property and Equipment (Tables) | 12 Months Ended
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Jun. 30, 2016
Property, Plant and Equipment [Abstract] |
Schedule of oil and natural gas properties and other property and equipment | As of June 30, 2016 and June 30, 2015, our oil and natural gas properties and other property and equipment consisted of the following:
| June 30, 2016 |  | June 30, 2015
Oil and natural gas properties: |  |  |
Property costs subject to amortization | $ | 77,408,353 |  |  | $ | 57,718,653 |
Less: Accumulated depreciation, depletion, and amortization | (17,437,890 | ) |  | (12,531,767 | )
Unproved properties not subject to amortization | — |  |  | — |
Oil and natural gas properties, net | 59,970,463 |  |  | 45,186,886 |
Other property and equipment: |  |  |
Furniture, fixtures and office equipment, at cost | 228,752 |  |  | 287,680 |
Artificial lift technology equipment, at cost | 7,000 |  |  | 319,994 |
Less: Accumulated depreciation | (207,103 | ) |  | (330,918 | )
Other property and equipment, net | $ | 28,649 |  |  | $ | 276,756 |

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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: 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(13)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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