Asset Retirement Obligations (Tables)
|12 Months Ended|
Jun. 30, 2015
|Asset Retirement Obligation Disclosure [Abstract]|
|Asset Retirement Obligations Roll-Forward||
The following table summarizes the asset retirement obligation activity for the fiscal years ended:
(1) In fiscal 2015 the Company sold its 40% interest in PEDL 126, the exploration license that contains the Markwells Wood-1 wellbore. By selling the license and the wellbore, the Company was able to eliminate its current asset retirement obligation related to the wellbore. In fiscal 2014, the Company sold its Amadeus Basin assets.
Tabular disclosure of the carrying amount of a liability for asset retirement obligations.
Reference 1: http://www.xbrl.org/2003/role/presentationRef