XML 55 R44.htm IDEA: XBRL DOCUMENT v3.7.0.1
Asset Retirement Obligations (Details) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Jun. 30, 2015
Jun. 30, 2016
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]            
Asset retirement obligations — beginning of period     $ 962,196 $ 772,990    
Liabilities incurred     14,119   $ 28,505  
Liabilities settled     (157,164)   0  
Liabilities sold [1]     (47,817)   0  
Accretion of discount $ 13,562 $ 11,695 39,892 $ 34,555 49,054  
Revision of previous estimates     0   111,647  
Asset retirement obligations — end of period 811,226   811,226   $ 772,990  
Less current portion in accrued liabilities [2] 0   0     $ (201,896)
Long-term portion of asset retirement obligations $ 811,226   $ 811,226     $ 760,300
[1] We conveyed our interest in a well to the previous operator in exchange for the assumption of our asset retirement obligation.
[2] As we have now retired our remaining operated wells, our asset retirement obligations consist entirely of our working interest obligations in the Delhi field.