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Consolidated Statements of Operations - USD ($)
 12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Revenues    
Total revenues $ 43,229,621 $ 40,773,527
Operating costs    
Depreciation, depletion and amortization 6,253,083 6,102,288
General and administrative expenses [1] 5,072,931 6,773,781
Total operating costs 25,592,798 24,561,886
Income from operations 17,636,823 16,211,641
Other    
Enduro transaction breakup fee 1,100,000 0
Interest and other income 239,150 85,654
Interest (expense) (116,546) (110,780)
Income before income tax provision 18,859,427 16,186,515
Income tax provision (benefit) 3,482,361 (3,431,969)
Net income attributable to common shareholders $ 15,377,066 $ 19,618,484
Earnings per common share    
Basic (in dollars per share) $ 0.46 $ 0.59
Diluted (in dollars per share) $ 0.46 $ 0.59
Weighted average number of common shares outstanding    
Basic (in shares) 33,160,283 33,126,469
Diluted (in shares) 33,169,718 33,178,535
Crude Oil    
Revenues    
Total revenues $ 40,779,052 $ 38,153,417
Natural Gas Liquids    
Revenues    
Total revenues 2,449,359 2,620,110
Natural Gas    
Revenues    
Total revenues 1,210 0
Production    
Operating costs    
Production costs $ 14,266,784 $ 11,685,817
[1] General and administrative expenses for the years ended June 30, 2019 and 2018 included non-cash stock-based compensation expense of $888,162 and $1,366,764, respectively.