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Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended 78 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Cash Flows From Operating Activities      
Net income attributable to the Company $ 5,937,072 $ 15,377,066  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion, and amortization 5,761,498 6,253,083  
Stock-based compensation 1,285,663 888,162  
Settlement of asset retirement obligations (76,832) 0  
Deferred income taxes (261,668) 767,256  
Net loss on derivative contracts 1,383,204 0  
Payments received for derivative settlements 793,327 0  
Other 39,783 15,156  
Changes in operating assets and liabilities:      
Receivables (1,994,368) 773,800  
Prepaid expenses and other current assets (33,408) 66,229  
Accounts payable and accrued expenses (486,010) (90,891)  
Income taxes payable 48,390 8,039  
Net cash provided by operating activities 12,396,651 24,057,900  
Cash flows from investing activities      
Acquisition of oil and gas properties (9,337,716) 0  
Development of oil and natural gas properties (1,724,829) (6,746,142)  
Capital expenditures for other property and equipment 0 (11,509)  
Net cash used by investing activities (11,062,545) (6,757,651)  
Cash flows from financing activities      
Common share repurchases, including shares surrendered for tax withholding (2,483,357) (156,791)  
Common stock dividends paid (10,740,754) (13,272,058) $ (70,200,000)
Net cash provided by (used in) financing activities (13,224,111) (13,428,849)  
Net increase (decrease) in cash, cash equivalents, and restricted cash (11,890,005) 3,871,400  
Cash, cash equivalents, and restricted cash, beginning of year 31,552,533 27,681,133  
Cash, cash equivalents, and restricted cash, end of year $ 19,662,528 $ 31,552,533 $ 19,662,528