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Consolidated Condensed Statements of Operations - USD ($)
 3 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Revenues    
Total revenues $ 12,307,079 $ 8,401,967
Operating costs    
Depreciation, depletion and amortization 1,548,460 1,540,122
General and administrative expenses [1] 1,305,262 1,569,704
Total operating costs 6,312,152 5,865,508
Income from operations 5,994,927 2,536,459
Other    
Enduro transaction breakup fee 1,100,000 0
Interest and other income 46,571 14,850
Interest expense (29,345) (20,455)
Income before income taxes 7,112,153 2,530,854
Income tax provision 1,316,352 390,322
Net income available to common stockholders $ 5,795,801 $ 2,140,532
Earnings per common share    
Basic (in dollars per share) $ 0.18 $ 0.06
Diluted (in dollars per share) $ 0.17 $ 0.06
Weighted average number of common shares    
Basic (in shares) 33,102,292 33,089,244
Diluted (in shares) 33,119,057 33,147,508
Crude oil    
Revenues    
Total revenues $ 11,397,452 $ 7,829,255
Natural gas liquids    
Revenues    
Total revenues 909,627 572,712
Production costs    
Operating costs    
Production costs $ 3,458,430 $ 2,755,682
[1] General and administrative expenses for the three months ended September 30, 2018 and 2017 included non-cash stock-based compensation of $215,373 and $487,484, respectively.