XML 50 R38.htm IDEA: XBRL DOCUMENT v3.5.0.2
Property and Equipment (Details) - USD ($)
3 Months Ended
Sep. 30, 2016
Jun. 30, 2016
Oil and natural gas properties    
Property costs subject to amortization $ 80,196,684 $ 77,408,353
Less: Accumulated depreciation, depletion, and amortization (18,745,663) (17,437,890)
Unproved properties not subject to amortization 0 0
Oil and natural gas properties, net 61,451,021 59,970,463
Other property and equipment    
Furniture, fixtures and office equipment, at cost 255,099 228,752
Artificial lift technology equipment, at cost 7,000 7,000
Less: Accumulated depreciation (211,514) (207,103)
Other property and equipment, net 50,585 $ 28,649
Delhi field    
Property, Plant and Equipment [Line Items]    
Capital expenditures 2,800,000  
NGL Plant Project    
Property, Plant and Equipment [Line Items]    
Capital expenditures 2,400,000  
Incurred costs on a cumulative basis 23,900,000  
Total authorized commitment $ 24,600,000