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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities    
Net income attributable to the Company $ 4,124,409 $ 3,915,500
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 2,609,356 2,714,162
Impairments included in restructuring charge 0 569,228
Stock-based compensation 586,872 490,178
Accretion of discount on asset retirement obligations 26,330 22,860
Settlements of asset retirement obligations (121,391) 0
Deferred income taxes 1,709,519 (547,579)
(Gain) loss on derivative instruments, net 14,042 (3,598,351)
Write-off of deferred loan costs 0 50,414
Changes in operating assets and liabilities:    
Receivables (462,981) 1,167,391
Prepaid expenses and other current assets (367,039) (119,515)
Accounts payable and accrued expenses (1,955,546) (310,054)
Income taxes payable (311,306) 152,898
Net cash provided by operating activities 5,852,265 4,507,132
Cash flows from investing activities    
Derivative settlement payments (paid) received (318,618) 1,561,979
Capital expenditures for oil and natural gas properties (7,978,130) (8,650,217)
Capital expenditures for other property and equipment (30,447) 0
Other assets 0 (161,345)
Net cash used in investing activities (8,327,195) (7,249,583)
Cash flows from financing activities    
Cash dividends to preferred stockholders (250,990) (337,151)
Cash dividends to common stockholders (3,801,962) (3,268,319)
Common share repurchases, including shares surrendered for tax withholding (459,858) (1,354,743)
Tax benefits related to stock-based compensation 0 3,910,163
Redemption of preferred shares (7,932,975) 0
Other 32 (1,243)
Net cash (used in) provided by financing activities (12,445,753) (1,051,293)
Net decrease in cash and cash equivalents (14,920,683) (3,793,744)
Cash and cash equivalents, beginning of period 34,077,060 20,118,757
Cash and cash equivalents, end of period 19,156,377 16,325,013
Supplemental disclosures of cash flow information:    
Income taxes paid 1,278,773 440,000
Louisiana carryback income tax refund and related interest received 0 1,556,999
Non-cash transactions:    
Change in accounts payable used to acquire property and equipment (1,516,932) (2,442,183)
Deferred loan costs charged to oil and gas property costs 0 108,472
Settlement of accrued treasury stock purchases 0 (170,283)
Royalty rights acquired through non-monetary exchange of patent and trademark assets $ 108,512