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Property and Equipment (Tables)

9 Months Ended

Mar. 31, 2021

Property, Plant and Equipment [Abstract]

Schedule of oil and natural gas properties and other property and equipment

			March 31, 2021						June 30, 2020
Oil and natural gas properties:
Property costs subject to amortization			$	107,666,009					$	107,390,379
Less: Accumulated depreciation, depletion, amortization and impairment			(69,359,708)						(40,878,098)
Oil and natural gas properties, net			$	38,306,301					$	66,512,281
Other property and equipment:
Furniture, fixtures, and office equipment, at cost			$	154,731					$	154,731
Less: Accumulated depreciation			(142,522)						(137,092)
Other property and equipment, net			$	12,209					$	17,639

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- References

No definition available.

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

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