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Consolidated Condensed Statements of Cash Flows - USD ($)
 6 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities    
Net income attributable to the Company $ 12,017,380 $ 4,124,409
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 3,180,545 2,609,356
Stock-based compensation 971,810 586,872
Accretion of discount on asset retirement obligations 44,602 26,330
Settlements of asset retirement obligations 0 (121,391)
Deferred income taxes (benefit) (5,245,910) 1,709,519
Loss on derivative instruments, net 0 14,042
Changes in operating assets and liabilities:    
Receivables (1,351,451) (462,981)
Prepaid expenses and other current assets (436,376) (367,039)
Accounts payable and accrued expenses (83,013) (1,955,546)
Income taxes payable 0 (311,306)
Net cash provided by operating activities 9,097,587 5,852,265
Cash flows from investing activities    
Derivative settlement payments paid 0 (318,618)
Capital expenditures for oil and natural gas properties (1,017,358) (7,978,130)
Capital expenditures for other property and equipment 0 (30,447)
Net cash used in investing activities (1,017,358) (8,327,195)
Cash flows from financing activities    
Cash dividends to preferred stockholders 0 (250,990)
Cash dividends to common stockholders (4,969,335) (3,801,962)
Common share repurchases, including shares surrendered for tax withholding (395,550) (459,858)
Redemption of preferred shares 0 (7,932,975)
Other 0 32
Net cash used in financing activities (5,364,885) (12,445,753)
Net increase (decrease) in cash and cash equivalents 2,715,344 (14,920,683)
Cash and cash equivalents, beginning of period 23,028,153 34,077,060
Cash and cash equivalents, end of period 25,743,497 19,156,377
Supplemental disclosures of cash flow information:    
Income taxes paid 1,136,754 1,278,773
Non-cash transactions:    
Change in accounts payable used to acquire property and equipment 424,365 (1,516,932)
Oil and natural gas property costs incurred through recognition of asset retirement obligations $ (779) $ 0