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Property and Equipment (Tables)
 12 Months Ended
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