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Consolidated Statements of Operations - USD ($)
 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Revenues    
Total revenues $ 29,599,296 $ 43,229,621
Operating costs    
Depreciation, depletion, and amortization 5,761,498 6,253,083
Net loss on derivative contracts 1,383,204 0
General and administrative expenses [1] 5,259,659 5,072,931
Total operating costs 25,909,863 25,592,798
Income from operations 3,689,433 17,636,823
Other    
Enduro transaction breakup fee 0 1,100,000
Interest and other income 177,418 239,150
Interest (expense) (110,775) (116,546)
Income before income tax provision 3,756,076 18,859,427
Income tax provision (benefit) (2,180,996) 3,482,361
Net income (loss) attributable to common shareholders $ 5,937,072 $ 15,377,066
Earnings per common share    
Basic (in dollars per share) $ 0.18 $ 0.46
Diluted (in dollars per share) $ 0.18 $ 0.46
Weighted average number of common shares outstanding    
Basic (in shares) 33,031,149 33,160,283
Diluted (in shares) 33,033,091 33,169,718
Crude oil    
Revenues    
Total revenues $ 28,578,879 $ 40,779,052
Natural gas liquids    
Revenues    
Total revenues 1,018,349 2,449,359
Natural gas    
Revenues    
Total revenues 2,068 1,210
Production    
Operating costs    
Production costs $ 13,505,502 $ 14,266,784
[1] General and administrative expenses for the years ended June 30, 2020 and 2019 included non-cash stock-based compensation expense of $1,285,663 and $888,162, respectively.