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Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended 12 Months Ended 90 Months Ended
Sep. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Cash Flows From Operating Activities        
Net income (loss) attributable to common shareholders   $ (16,437,934) $ 5,937,072  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Depreciation, depletion, and amortization   5,166,626 5,761,498  
Impairment of proved property $ 9,600,000 24,792,079 0  
Impairment of Well Lift Inc. - related assets   146,051 0  
Stock-based compensation   1,257,684 1,285,663  
Settlement of asset retirement obligations   (101,311) (76,832)  
Deferred income taxes   (5,103,821) (261,668)  
Net loss on derivative contracts   614,645 1,383,204  
Payments received (paid) for derivative settlements   (2,791,176) 793,327  
Other   10,316 39,783  
Changes in operating assets and liabilities:        
Receivables   (6,632,121) (1,994,368)  
Prepaid expenses and other current assets   (545,573) (33,408)  
Accounts payable and accrued expenses   4,498,801 (486,010)  
Income taxes payable   (141,441) 48,390  
Net cash provided by operating activities   4,732,825 12,396,651  
Cash flows from investing activities        
Acquisition of oil and gas properties   (18,297,013) (9,337,716)  
Development of oil and natural gas properties   (472,401) (1,724,829)  
Net cash used by investing activities   (18,769,414) (11,062,545)  
Cash flows from financing activities        
Common share repurchases, including shares surrendered for tax withholding   (7,347) (2,483,357)  
Common stock dividends paid   (4,342,082) (10,740,754) $ (74,500,000)
Borrowings under credit facility   7,000,000 0  
Repayments of credit facility   (3,000,000) 0  
Net cash provided by (used in) financing activities   (349,429) (13,224,111)  
Net decrease in cash, cash equivalents, and restricted cash   (14,386,018) (11,890,005)  
Cash, cash equivalents, and restricted cash, beginning of year $ 19,662,528 [1] 19,662,528 [1] 31,552,533  
Cash, cash equivalents, and restricted cash, end of year [1]   $ 5,276,510 $ 19,662,528 $ 5,276,510
[1] Neither annual period had any restricted cash balances.