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Consolidated Condensed Statements of Operations - USD ($)
 3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Revenues    
Total revenues $ 9,152,215 $ 12,307,079
Operating costs    
Depreciation, depletion and amortization 1,449,754 1,548,460
General and administrative expenses [1] 1,338,353 1,305,262
Total operating costs 5,878,196 6,312,152
Income from operations 3,274,019 5,994,927
Other    
Enduro transaction breakup fee 0 1,100,000
Interest and other income 66,129 46,571
Interest expense (29,345) (29,345)
Income before income taxes 3,310,803 7,112,153
Income tax provision 517,983 1,316,352
Net income available to common stockholders $ 2,792,820 $ 5,795,801
Earnings per common share    
Basic (in dollars per share) $ 0.08 $ 0.18
Diluted (in dollars per share) $ 0.08 $ 0.17
Weighted average number of common shares    
Basic (in shares) 33,126,645 33,102,292
Diluted (in shares) 33,134,372 33,119,057
Crude oil    
Revenues    
Total revenues $ 8,845,504 $ 11,397,452
Natural gas liquids    
Revenues    
Total revenues 305,944 909,627
Natural gas    
Revenues    
Total revenues 767 0
Production costs    
Operating costs    
Production costs $ 3,090,089 $ 3,458,430
[1] For the three months ended September 30, 2019 and 2018, non-cash stock-based compensation expenses were $332,013 and $215,373, respectively.See accompanying notes to consolidated condensed financial statements.