Asset Retirement Obligations (Tables)

6 Months Ended

Dec. 31, 2015

Asset Retirement Obligation Disclosure [Abstract]

Schedule of reconciliations of the beginning and ending asset retirement obligation balances

The following is a

reconciliation of the beginning and ending asset retirement obligations for the six months ended December 31, 2015, and for the year ended June 30, 2015:



	December 31, 2015			June 30, 2015
Asset retirement obligations — beginning of period	$	772,990		$	352,215
Liabilities incurred (a)	—			564,019
Liabilities settled	—			(137,604		)
Liabilities sold	—			(52,526		)
Accretion of discount	22,860			34,866
Revision of previous estimates	—			12,020
Asset retirement obligations — end of period	$	795,850		$	772,990
Less current portion in accrued liabilities	(102,874		)	(57,223		)
Long-term portion of asset retirement obligations	692,976			715,767

(a) Liabilities incurred during fiscal 2015 relate to our share of the the estimated abandonment costs of the wells and facilities in the Delhi field subsequent to the reversion of our working interest.