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Consolidated Statements of Operations - USD ($)
 12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Revenues    
Total revenues $ 32,702,354 $ 29,599,296
Operating costs    
Depreciation, depletion, and amortization 5,166,626 5,761,498
Impairment of proved property 24,792,079 0
Impairment of Well Lift Inc. - related assets 146,051 0
Net loss on derivative contracts 614,645 1,383,204
General and administrative expenses [1] 6,754,532 5,259,659
Total operating costs 54,060,985 25,909,863
Income (loss) from operations (21,358,631) 3,689,433
Other    
Interest and other income 39,401 177,418
Interest expense (102,965) (110,775)
Income (loss) before income tax provision (21,422,195) 3,756,076
Income tax expense (benefit) (4,984,261) (2,180,996)
Net income (loss) attributable to common shareholders $ (16,437,934) $ 5,937,072
Earnings (loss) per common share    
Basic (in dollars per share) $ (0.49) $ 0.18
Diluted (in dollars per share) $ (0.49) $ 0.18
Weighted average number of common shares outstanding    
Basic (in shares) 33,263,701 33,031,149
Diluted (in shares) 33,263,701 33,033,091
Oil    
Revenues    
Total revenues $ 26,411,132 $ 28,578,879
Natural gas liquids    
Revenues    
Total revenues 3,662,478 1,018,349
Natural gas    
Revenues    
Total revenues 2,628,744 2,068
Lease operating costs    
Operating costs    
Lease operating costs $ 16,587,052 $ 13,505,502
[1] General and administrative expenses for the years ended June 30, 2021 and 2020 included non-cash stock-based compensation expense of $1,257,684 and $1,285,663, respectively.