Samson Oil & Gas (SSNYY) 10-Q 11 May 15 2015 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Mar. 31, 2015	6-May-15
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q3
Trading Symbol	SSN
Entity Registrant Name	Samson Oil & Gas LTD
Entity Central Index Key	1404079
Current Fiscal Year End Date	-24
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		2,837,782,022

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Jun. 30, 2014
CURRENT ASSETS
Cash and cash equivalents	$2,603,393	$6,846,394
Accounts receivable, net of allowance for doubtful accounts of $nil and $nil respectively	3,053,167	5,533,516
Prepayments	706,279	5,388,428
Fair value of derivative instruments	1,775,232
Short term deferred tax asset	84,946	84,946
Total current assets	8,223,017	17,853,284
PROPERTY, PLANT AND EQUIPMENT, AT COST
Oil and gas properties, successful efforts method of accounting, less accumulated depreciation, depletion and impairment of $23,810,556 and $21,219,361 at March 31, 2015 and June 30, 2014, respectively	49,927,522	34,430,793
Other property and equipment, net of accumulated depreciation and amortization of $518,765 and $421,443 at March 31, 2015 and June 30, 2014, respectively	283,043	365,566
Net property, plant and equipment	50,210,565	34,796,359
OTHER NON CURRENT ASSETS
Fair value of derivative instruments	185,411
Undeveloped capitalized acreage	2,707,164	12,349,767
Capitalized exploration expense	2,291,069	3,382,650
Other	322,368	459,169
TOTAL ASSETS	63,939,594	68,841,229
CURRENT LIABILITIES
Accounts payable	2,785,870	4,316,963
Accruals	2,336,231	3,261,674
Provision for annual leave	236,621	230,311
Fair value of derivative instruments		284,376
Total current liabilities	5,358,722	8,093,324
NON CURRENT LIABILITIES
Fair value of derivative instruments		128,998
Asset retirement obligations	1,675,249	897,859
Credit Facility	19,000,000	6,000,000
Deferred tax liability	84,946	84,946
TOTAL LIABILITIES	26,118,917	15,205,127
STOCKHOLDERS' EQUITY - nil par value
2,837,782,022 (equivalent to 141,889,101 ADR's) and 2,837,756,933 (equivalent to 127,381,360 ADR's) ordinary shares issued and outstanding at March 31, 2015 and June 30, 2014, respectively	104,491,774	104,535,894
Accumulated other comprehensive income	987,638	1,302,096
Accumulated deficit	-67,658,735	-52,201,888
Total stockholders' equity	37,820,677	53,636,102
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$63,939,594	$68,841,229

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2015	Jun. 30, 2014
Consolidated Balance Sheets [Abstract]
Other property and equipment, net of accumulated depreciation and amortization	$518,765	$421,443
Oil and gas properties, successful efforts method of accounting, less accumulated depreciation, depletion and impairment	$23,810,556	$21,219,361
Common stock, par value	$0	$0
Common stock, shares issued	2,837,782,022	2,837,756,933
Common stock, shares issued ADR	14,188,910	14,188,784
Common stock, shares outstanding ADR	14,188,910	14,188,784

Consolidated_Statements_Of_Ope

Consolidated Statements Of Operations And Comprehensive Income (Loss) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
REVENUES AND OTHER INCOME:
Interest income	$6,365	$7,607	$25,888	$108,905
Gain on derivative instruments	371,852		3,459,558
Gain on sale of oil and gas properties		217,665		2,742,076
Other	1,297	16,642	8,068	16,826
TOTAL REVENUE AND OTHER INCOME	3,041,563	3,144,660	12,100,811	8,454,928
EXPENSES:
Lease operating expense	-1,306,117	-1,124,478	-4,278,234	-2,356,154
Depletion, depreciation and amortization	-1,658,784	-720,394	-3,732,464	-1,602,199
Impairment expense	-543,820	-714	-3,604,504	-83,835
Abandonment expense	-11,868		-226,671
Exploration and evaluation expenditure	-93,041	-22,411	-11,558,997	-341,785
Accretion of asset retirement obligations	-9,186	-17,417	-25,527	-50,230
Gain on derivative instruments		-79,156		-79,156
Amortisation of borrowing costs	-35,063	-10,931	-100,195	-10,931
Interest expense	-176,415	-29,903	-407,700	-29,903
General and administrative	-1,151,294	-1,520,524	-3,623,366	-4,802,635
TOTAL EXPENSES	-4,985,588	-3,525,928	-27,557,658	-9,356,828
Loss from operations	-1,944,025	-381,268	-15,456,847	-901,900
Net loss	-1,944,025	-381,268	-15,456,847	-901,900
OTHER COMPREHENSIVE GAIN (LOSS) [Abstract]
Foreign Currency Translation loss	-88,059	-122,614	-314,458	-700,669
Total comprehensive loss for the period	-2,032,084	-503,882	-15,771,305	-1,602,569
Net gain/(loss) per ordinary share from operations:
Basic - cents per share	($0.07)	($0.01)	($0.54)	($0.04)
Diluted - cents per share	($0.07)	($0.01)	($0.54)	($0.04)
Weighted average ordinary shares outstanding:
Basic	2,837,782,022	2,547,627,193	2,837,775,738	2,484,035,681
Diluted	2,837,782,022	2,547,627,193	2,837,775,738	2,484,035,681
Oil [Member]
REVENUES AND OTHER INCOME:
Sales	2,398,226	2,564,894	7,939,471	4,904,038
Gas [Member]
REVENUES AND OTHER INCOME:
Sales	263,823	337,852	667,826	682,456
Other Liquids [Member]
REVENUES AND OTHER INCOME:
Sales				$627

Consolidated_Statements_Of_Cha

Consolidated Statements Of Changes In Stockholders' Equity (USD $)	Ordinary Shares [Member]	Retained Earnings/(Accumulated Deficit) [Member]	Other Comprehensive Income (Loss) [Member]	Total
Balance at Jun. 30, 2014	$104,535,894	($52,201,888)	$1,302,096	$53,636,102
Net loss		-15,456,847		-15,456,847
Foreign Currency Translation, net tax of $nil			-314,458	-314,458
Total comprehensive loss for the period		-15,456,847	-314,458	-15,771,305
Stock based compensation
Exercise of Options	880			880
Share issue costs	-45,000			-45,000
Balance at Mar. 31, 2015	$104,491,774	($67,658,735)	$987,638	$37,820,677

Consolidated_Statements_Of_Cha1

Consolidated Statements Of Changes In Stockholders' Equity (Parenthetical) (USD $)	9 Months Ended
	Mar. 31, 2015
Consolidated Statements Of Changes In Stockholders' Equity [Abstract]
Foreign currency translation, tax	$0

Consolidated_Statements_Of_Cas

Consolidated Statements Of Cash Flows (USD $)	9 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash flows (used in)/provided by operating activities
Receipts from customers	$9,403,571	$4,164,889
Proceeds from/(Payments for) derivative instruments	846,916	-67,596
Payments to suppliers & employees	-8,815,489	-6,960,365
Interest received	25,719	108,885
State income taxes paid	-107,135
Net cash flows (used in)/ provided by operating activities	1,353,582	-2,754,187
Cash flows from investing activities
Proceeds from sale of oil and gas properties		4,488,825
Payments for plant & equipment	-20,249	-61,894
Payments for exploration and evaluation	-1,803,402	-532,769
Payments for oil and gas properties	-15,988,477	-20,445,691
Net cash flows used in investing activities	-17,812,128	-16,551,529
Cash flows from financing activities
Issuance of share capital		7,337,138
Proceeds from the exercise of options	880	902
Proceeds from borrowings	13,000,000	6,000,000
Borrowing costs	-83,690	-189,112
Interest paid	-331,258
Share issuance costs	-45,000	-561,240
Net cash flows provided by financing activities	12,540,932	12,587,688
Net decrease in cash and cash equivalents	-3,917,614	-6,718,028
Cash and cash equivalents at the beginning of the fiscal period	6,846,394	13,170,627
Effects of exchange rate changes on cash and cash equivalents	-325,387	-699,220
Cash and cash equivalents at end of fiscal period	$2,603,393	$5,753,379

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Mar. 31, 2015
Basis of Presentation [Abstract]
Basis of Presentation	1. Basis of Presentation
	These Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial reporting. All adjustments which are normal and recurring by nature, in the opinion of management, necessary for fair statement of Samson Oil & Gas Limited’s (the Company) Consolidated Financial Statements have been included herein. Interim results are not necessarily indicative of expected annual results because of the impact of fluctuations in prices received for oil and natural gas, as well as other factors. In the course of preparing the Consolidated Financial Statements, management makes various assumptions, judgments and estimates to determine the reported amounts of assets, liabilities, revenues and expenses, and in the disclosures of commitments and contingencies. Changes in these assumptions, judgments and estimates will occur as a result of the passage of time and the occurrence of future events, and, accordingly, actual results could differ from amounts previously established.
	The Company’s Consolidated Financial Statements have been prepared on a basis consistent with the accounting principles and policies reflected in the Company’s audited financial statements as of and for the year ended June 30, 2014. The year-end Consolidated Balance Sheet presented herein was derived from audited Consolidated Financial Statements, but does not include all disclosures required by GAAP.
	It is suggested that these financial statements be read in conjunction with the financial statements and the notes thereto included in the Company’s latest annual report (Form 10-K).
	Accruals.   Accrued liabilities at March 31, 2015 and June 30, 2014 consist primarily of estimates for goods and services received but not yet invoiced.
	Prepayments. Prepayments at March 31, 2015 and June 30, 2014 consist primarily of cash advanced to the operators of our drilling projects for future drilling operations.  As at March 31, 2015, cash had been advanced to the operator of our North Stockyard infill development project for the drilling and/or completion of four wells.
	Recent Accounting Standards
	There are no new accounting pronouncements that have not been adopted by the Company as of March 31, 2015 that will have a material effect on the Company’s financial statements.

Income_Taxes

Income Taxes	9 Months Ended
	Mar. 31, 2015
Income Taxes [Abstract]
Income Taxes	2. Income Taxes
	The Company has cumulative net operating losses (“NOL”) that may be carried forward to reduce taxable income in future years.  The Tax Reform Act of 1986 contains provisions that limit the utilization of NOLs if there has been a change in ownership as described in Internal Revenue Code Section 382.  The Company’s prior year NOLs are limited by IRC Section 382.
	ASC Topic 740 requires that a valuation allowance be provided if it is more likely than not that some portion or all deferred tax assets will not be realized.  The Company’s ability to realize the benefits of its deferred tax assets will depend on the generation of future taxable income through profitable operations. Due to the Company’s history of losses and the uncertainty of future profitable operations, the Company has recorded a full valuation allowance against its deferred tax assets.

Earnings_Per_Share

Earnings Per Share	9 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share	3. Earnings Per Share
	Basic earnings (loss) per share is calculated by dividing net earnings (loss) attributable to ordinary shares by the weighted average number of shares outstanding for the period. Under the treasury stock method, diluted earnings per share is calculated by dividing net earnings (loss) by the weighted average number of shares outstanding including all potentially dilutive ordinary shares (which in Samson’s case consists of unexercised stock options). In the event of a net loss, however no potential ordinary shares are included in the calculation of shares outstanding since the impact would be anti-dilutive.
	The following table details the weighted average dilutive and anti-dilutive securities outstanding, which consist of options, for the periods presented:
		Three months ended				Nine months ended
		31-Mar-15		31-Mar-14		31-Mar-15		31-Mar-14
	Dilutive	-		-		-		-
	Anti–dilutive	324,643,740		302,178,528		367,910,312		274,565,281
	The following tables set forth the calculation of basic and diluted loss per share:
		Three months ended					Nine months ended
		31-Mar-15			31-Mar-14		31-Mar-15		31-Mar-14
	Net income (loss)	$	-1,944,025		-381,268		$	-15,456,847	-901,900
	Basic weighted average ordinary shares outstanding		2,837,782,022		2,547,627,193			2,837,775,738	2,484,035,681
	Add: dilutive effect of stock options		-		-			-	-
	Diluted weighted average ordinary shares outstanding		2,837,782,022		2,547,627,193			2,837,775,738	2,484,035,681
	Basic earnings per ordinary share – cents per share		-0.07		-0.01			-0.54	-0.04
	Diluted earnings per ordinary share – cents per share		-0.07		-0.01			-0.54	-0.04

Asset_Retirement_Obligations

Asset Retirement Obligations	9 Months Ended
	Mar. 31, 2015
Asset Retirement Obligations [Abstract]
Asset Retirement Obligations	4. Asset Retirement Obligations
	The Company’s asset retirement obligations primarily represent the estimated present value of the amounts expected to be incurred to plug, abandon and remediate producing and shut–in properties at the end of their productive lives in accordance with applicable state and federal laws. The Company determines the estimated fair value of its asset retirement obligations by calculating the present value of estimated cash flows related to those obligations. The significant inputs used to calculate such liabilities include estimates of costs to be incurred, the Company’s credit adjusted discount rates, inflation rates and estimated dates of abandonment. The asset retirement liability is accreted to its present value each period and the capitalized asset retirement cost is depleted using the units–of–production method.
	The liabilities settled in the nine months to March 31, 2015 relate to work performed to plug and abandon three wells in our Greens Canyon prospect in Wyoming.  These wells were drilled 10 years ago and did not produce economic quantities of hydrocarbons.
	The following table summarizes the activities for the Company’s asset retirement obligations for the nine months ended March 31, 2015 and 2014:
		Nine months ended
		31-Mar-15		31-Mar-14
	Asset retirement obligations at beginning of period	$	1,775,792	$	868,589
	Liabilities incurred or acquired		719,920		178,911
	Liabilities settled		-710,561		-13,920
	Disposition of properties		-		-102
	Accretion expense		25,527		50,230
	Asset retirement obligations at end of period		1,810,678		1,083,708
	Less: current asset retirement obligations (classified with accounts payable and accrued liabilities)		-135,429		-
	Long-term asset retirement obligations	$	1,675,249	$	1,083,708

Equity_Incentive_Compensation

Equity Incentive Compensation	9 Months Ended
	Mar. 31, 2015
Equity Incentive Compensation [Abstract]
Equity Incentive Compensation	5. Equity Incentive Compensation
	Stock-based compensation is measured at the grant date based on the estimated fair value of the awards with the resulting amount recognized as compensation expense on a straight-line basis over the requisite service period (usually the vesting period).
	Total compensation cost recognized in the Statements of Operations for the grants under the Company’s equity incentive compensation plans was $nil during the three months ended March 31, 2015 and $nil during the three months ended March 31, 2014.
	Total compensation cost recognized in the Statements of Operations for the grants under the Company’s equity incentive compensation plans was $nil during the nine months ended March 31, 2015 and $86,244 during the nine months ended March 31, 2014.
	As of March 31, 2015, there was $nil total unrecognized compensation cost related to outstanding stock options.

Sale_of_Oil_and_Gas_Properties

Sale of Oil and Gas Properties	9 Months Ended
	Mar. 31, 2015
Gain (Loss) on Disposition of Oil and Gas Property [Abstract]
sale of oil and gas properties tex block
	6. Sale of Oil and Gas Assets
	In August 2013, we divested half our equity position in the undeveloped acreage in the North Stockyard project to Slawson Exploration Company Inc. (“Slawson”) for $5.562 million in cash and other consideration while retaining our full interest in the currently producing wells in the North Stockyard field.  $0.9 million of the cash portion of the purchase price was subject to the delivery of a useable well bore in Billabong. While work is continuing on this well bore, it had to be suspended to permit other drilling operations to proceed on the same pad.  The Billabong workover was completed during the year ended June 30, 2014 and Slawson exercised its option to take over operation of the Billabong well bore.
	As a consequence of the transaction the rig contract with Frontier was also terminated, with no penalty payment. Slawson is now the operator of the project going forward for the development of the undeveloped acreage.
	Along with the undeveloped acreage for which a gain on sale was recognized in the year ended June 30, 2014 Income Statement of $2.52 million, we have also transferred a  25% working interest in Sail and Anchor well, which was drilled but not completed, at the time of sale, as well as a 25% working interest in the salt water disposal well drilled in the prior year in the North Stockyard project for $2.92 million, recognized as a reimbursement in the capitalized costs for these assets at the time of the transaction.

Fair_Value_Measurements

Fair Value Measurements	9 Months Ended
	Mar. 31, 2015
Fair Value Measurements [Abstract]
Fair Value Measurements	7. Fair Value Measurements
	Fair value is defined as the price that would be received in the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on the observability of those inputs. The FASB has established a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement).
	The three levels of the fair value hierarchy are as follows:
			Level 1—Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis.
			Level 2—Pricing inputs are other than quoted prices in active markets included in level 1, but are either directly or indirectly observable as of the reported date and for substantially the full term of the instrument. Inputs may include quoted prices for similar assets and liabilities. Level 2 includes those financial instruments that are valued using models or other valuation methodologies.
			Level 3—Pricing inputs include significant inputs that are generally unobservable from objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value.
	Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of fair value assets and liabilities and their placement within the fair value hierarchy levels. The following table sets forth by level within the fair value hierarchy the Company’s financial assets and liabilities that were accounted for at fair value as of March 31, 2015 and June 30, 2014.
		Carrying value at March 31, 2015			Level 1		Level 2		Level 3		Netting (1)		Fair Value at March 31, 2015
	Current Assets:
	Cash and cash equivalents	$	2,603,393		$	2,603,393	$	-	$	-	$	-	$	2,603,393
	Derivative Instruments		1,775,232			-		1,952,126		-		-176,894		1,775,232
	Non Current Assets
	Derivative Instruments		185,411			-		687,230				-501,819		185,411
														-
	Current Liabilities													-
	Derivative instruments		-			-		176,894		-		-176,894		-
														-
	Non Current Liabilities													-
	Derivative Instruments		-			-		501,819				-501,819		-
		Carrying value at June 30, 2014			Level 1		Level 2		Level 3		Netting (1)		Fair Value at June 30, 2014
	Current Assets:
	Cash and cash equivalents	$	6,846,394		$	6,846,394	$	-	$	-	$	-	$	6,846,394
	Derivative Instruments		-			-		56,380		-		-56,380		-
	Non Current Assets
	Derivative Instruments		-			-		61,493		-		-61,493		-
	Current Liabilities
	Derivative instruments		284,376			-		340,756		-		-56,380		284,376
	Non Current Liabilities
	Derivative Instruments		128,998			-		190,491		-		-61,493		128,998
		-1		Netting In accordance with the Company’s standard practice, its commodity derivatives are subject to counterparty netting under agreements governing such derivatives and therefore the risk of loss is somewhat mitigated.
	The following methods and assumptions were used to estimate the fair value of the assets and liabilities in the table above:
	Level 1 Fair value Measurements
	Fair Value of Financial Instruments.   The Company’s financial instruments consist primarily of cash and cash equivalents, restricted cash, accounts receivable and payable and derivatives (discussed below). The carrying values of cash equivalents and accounts receivable and payable are representative of their fair values due to their short–term maturities.
	Level 2 Fair Measurements
	Derivative Contracts. The Company’s derivative contracts consist of oil collars and oil call options. The fair value of these contracts are based on inputs that are either readily available in the public market, such as oil future prices or inputs that can be corroborated from active markets.  Fair value is determined through the use of a discounted cash model using applicable inputs discussed above.
	Other fair value measurements
	Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis.
	The Company also applies fair value accounting guidance to measure non–financial assets and liabilities such as business acquisitions, proved oil and gas properties, and asset retirement obligations. These assets and liabilities are subject to fair value adjustments only in certain circumstances and are not subject to recurring revaluations. These items are primarily valued using the present value of estimated future cash inflows and/or outflows. Given the unobservable nature of these inputs, they are deemed to be Level 3.
	Some oil and gas properties are stated at fair value as at March 31, 2015.  As a result of the significant decline in oil prices experienced in recent months, the carrying value of oil and gas properties was reviewed and subject to impairment costs of $3.6 million. $2.7 million of this related to our Rainbow property in North Dakota, $0.4 million relates to additional ARO costs recognized in the quarter, due to the shortened economic well lives following the decrease in the oil price, while the remaining $0.5 million related to various small non-operated properties in Wyoming.

Commitments_And_Contingencies

Commitments And Contingencies	9 Months Ended
	Mar. 31, 2015
Commitments And Contingencies [Abstract]
Commitments And Contingencies	8. Commitments and Contingencies
	The Company has no accrued environmental liabilities for its sites, including sites in which governmental agencies have designated the Company as a potentially responsible party, because it is not probable that a loss will be incurred and the minimum cost and/or amount of loss cannot be reasonably estimated. However, due to uncertainties associated with environmental assessment and remediation activities, future expense to remediate the currently identified sites, and sites identified in the future, if any, could be incurred. Management believes, based upon current site assessments, that the ultimate resolution of any such matters will not materially affect our results of operations or cash flows.
	From time to time, we are involved in various legal proceedings through the ordinary course of business.  While the ultimate outcome is not known, management believes that any resolution will not materially impact the financial statements.
	Halliburton Dispute
	Halliburton Energy Services, Inc., a co-participant in the Company’s Hawk Springs project, has filed a complaint in Harris County, Texas District Court against Samson USA seeking unpaid oil revenue attributable to its ownership interest in the Hawk Springs Project, which was approximately $126,000 as of June 5, 2013, and has since increased to approximately $170,000.  Samson USA has answered the complaint and has filed counterclaims against Halliburton arising out of Samson USA’s engagement of Halliburton’s Project Management group in May of 2011 to provide services in connection with its drilling program in Roosevelt County, Montana.  In its counterclaims, Samson USA claims approximately $336,000 from Halliburton on account of Halliburton’s refusal to pay an invoice for demobilization of the drilling rig used in the Roosevelt project. Samson USA has also asked for a judicial accounting with respect to Halliburton’s fees and expenses charged to Samson in connection with the Spirit of America well in Goshen County, Wyoming, and the Australia II, well in Roosevelt County, Wyoming, because of Samson’s discovery of self-dealing and bill padding by Halliburton’s onsite project manager there.  Halliburton has not yet filed an answer to Samson’s counterclaims but the parties are commencing discovery efforts in the lawsuit.   While Samson believes that its counterclaims are meritorious and is confident that Samson will obtain a net positive recovery from the lawsuit, there can be no assurance as to the ultimate outcome of this litigation.

Issue_of_Share_Capital

Issue of Share Capital	9 Months Ended
	Mar. 31, 2015
Issue of Share Capital [Abstract]
Issue of Share Capital	10.  Share Capital
	Issue of Share Capital
	During the three months ended March 31, 2015,  no shares were issued or options exercised.
	During the nine months ended March 31, 2015, 25,089 Australian 3.8 cent options were exercised for net proceeds of $880.
	During the three months ended March 31, 2014 16,000 Australian 3.8 cent options were exercised for net proceeds of $555.
	During the nine months ended March 31, 2014 25,864 Australian 3.8 cent options were exercised for net proceeds of $902.
	All options exercised were issued in a public rights offering conducted in June 2013.
	During the nine months ended March 31, 2014, we issued 318,452,166 ordinary shares for 2.5 cents (Australian cents)/2.3 cents (United States cents) for proceeds of $7.3 million. The ordinary shares were issued to investors in the US and Australia. In conjunction with these issues we also issued 132,380,866 warrants with an exercise price of 3.8 cents (Australian) and expiry date of March 31, 2017.
	Other
	On March 30, 2015 we changed the exchange ratio for ordinary shares to American Depositary Shares (as traded on NYSE Mkt)  from 20 to 1 to 200 to 1. Our ordinary shares, traded on the Australian Securities Exchange were not affected.

Cash_Flow_Statement

Cash Flow Statement	9 Months Ended
	Mar. 31, 2015
Cash Flow Statement [Abstract]
Cash Flow Statement	11. Cash Flow Statement
	Reconciliation of loss after tax to the net cash flows from operations:
		Nine months ended
		31-Mar-15		31-Mar-14
	Net loss after tax	$	-15,456,847	$	-901,900
	Depletion, depreciation and amortization		3,732,464		1,602,199
	Stock-based compensation		-		86,244
	Accretion of asset retirement obligation		25,527		50,230
	Impairment expense		3,604,504		83,835
	Exploration and evaluation expenditure		11,558,997		341,785
	Gain on sale of oil and gas properties		-		-2,742,076
	Amortization borrowing costs		100,195		10,931
	Abandonment expense		226,671		-
	Non cash (gain)/loss on derivative instruments		-2,374,018		11,559
	Changes in assets and liabilities:
	Decrease/(Increase) in receivables		2,480,349		-1,421,605
	Increase/(decrease) in provision for annual leave		6,310		68,576
	(Decrease)/Increase in payables		-2,550,570		56,035
	NET CASH FLOWS PROVIDED BY/(USED IN) OPERATING ACTIVITIES	$	1,353,582	$	-2,754,187

Credit_Facility

Credit Facility	9 Months Ended
	Mar. 31, 2015
Credit Facility [Abstract]
Credit Facility Disclosure	12. Credit Facility
			Nine months ended
			31-Mar-15		31-Mar-14
	Credit facility at beginning of period		$	6,000,000	$	-
	Cash advanced under facility		$	13,000,000		6,000,000
	Repayments			-		-
	Credit facility at end of period		$	19,000,000	$	6,000,000
						-
	Funds available for drawdown under the facility		$	-		2,000,000
	In January 2014, we entered into a $25.0 million credit facility with Mutual of Omaha Bank, with an initial borrowing base of $8.0 million, which was increased to $15.5 million in June 2014.  In November 2014, the borrowing base was increased to $19.0 million, of which $19.0 million has been drawn down. Mutual of Omaha assessed the borrowing base as at March 1, 2015 and determined that the previous borrowing base of $19 million was still current. The next borrowing base determination will be completed in or around October 2015 based on our June 30, 2015 reserve value.
	Additional increases in the borrowing base, up to the credit facility maximum of $50.0 million, may be made available to us in the future depending on the value of our reserves. Borrowing base redeterminations are performed by the lender every six months at June and December.  We also have the ability to request a borrowing base redetermination at another period, once a year. The facility matures January 28, 2017. The interest rate is LIBOR plus 3.25% or approximately 3.48% for the quarter ended March 31, 2015.
	The credit facility includes the following covenants, tested on a quarterly basis:
		·		Current ratio greater than 1
		·		Debt to EBITDAX (annualized) ratio no greater than 3.5
		·		Interest coverage ratio minimum of between 2.5 and 1.0
	The credit facility also includes an annual cap on general and administrative expenditures of $6,000,000 per year which was tested for the first time for the calendar year ended December 31, 2014 and each subsequent December 31 thereafter while the facility is in place.
	As at December 31, 2014 we were in breach of our debt to EBITDAX covenant. We received a waiver from Mutual of Omaha with respect to this breach for this quarter only. We were in compliance with all other covenants.
	As at March 31, 2015 we were in breach of our debt to EBIDTAX covenant.  We received a waiver from Mutual of Omaha with respect to this breach for this quarter only.  We were in compliance with all other covenants.
	While we expect to be in compliance with these covenants in the future  based on our current debt levels, if we are not in compliance with the financial covenants in the credit facility, or if we do not receive a waiver from the lender, and if we fail to cure any such noncompliance during the applicable cure period, the due date of our debt could be accelerated by the lender.  In addition, failure to comply with any of the covenants under our credit facility could adversely affect our ability to fund ongoing operations.
	These funds, along with cash on hand and cash flow from operations, will be used to fund drilling in our North Stockyard project in North Dakota.  We expect to fund our remaining capital expenditures for the fiscal year ending June 30, 2015 thereby, though we may obtain additional capital through further drawdowns of our credit facility (if possible) or another capital raising program or asset sales.
	We incurred $0.4 million in borrowing costs (including legal fees and bank fees) which have been deferred and will be amortized over the life of the facility.

Derivatives

Derivatives	9 Months Ended
	Mar. 31, 2015
Derivatives [Abstract]
Derivatives	13. Derivatives
	The Company has not designated any of its derivative contracts as hedges for accounting purposes. The Company records all derivative contracts at fair value.  Changes in derivative contracts are recognized in earnings.  Changes in settlements and valuation gains and losses are included in loss/(gain) on derivative instruments in the Statement of Operations. These contracts are settled on a monthly basis.  Derivative assets and liabilities arising from the Company’s derivative contracts with the same counterparty that provide for net settlement are reported on a net basis in the Balance Sheet.
	The Company is exposed to commodity price risk, which impacts the predictability of its cash flows from the sale of oil.  The Company seeks to manage this risk through the use of commodity derivative contracts These derivative contracts allow the Company to limit its exposure to commodity price volatility on a portion of its forecasted oil sales.  At March 31, 2015, the Company’s commodity derivative contracts consisted of collars and fixed price swaps, which are described below:
	CollarCollars contain a fixed floor price (put) and fixed ceiling price (call).  If the market price exceeds the call strike price or falls below the put strike price, the Company receives the fixed price and pays the market price.  If the market price is between the call and the put strike price, no payments are due from the either party.
	Fixed price swapThe Company receives a fixed price for the contract and pays a floating market price to the counterparty over a specified period for a contracted volume.
	All of the Company’s derivative contracts are with the same counterparty (a large multinational oil company) and are shown on a net basis on the Balance Sheet. The Company’s counterparty has entered into an inter-creditor agreement with Mutual of Omaha Bank, the provider of the Company’s credit facility, as such, no additional collateral is required by the counterparty.
	During the quarter ended March 31, 2015 we recognized $371,852 gain on derivative instruments in the Statement of Operations.
	We intend to increase our derivative portfolio as our production increases in order to provide downside protection to our future production.
	In October 2014, we entered into a deferred put spread arrangement with respect to 36,600 barrels from production in 2016. These options have a floor of $82.50 (the Company receives $82.50 when the market price settles between $67.50 and $82.50) and a sub floor of $67.50 (the Company receives the market price plus $15 for any prices below $67.50) with a cost of $5.50 per barrel which is deferred until the settlement of the derivative instrument.
	In April 2015, we closed out our open 2015 hedge positions (from April 2015 to December 2015) for net proceeds of $1.2 million. We also entered into a three way costless collar arrangement with respect to 73,500 barrels from production from May 2015 to December 2015. These options have a ceiling of $70.50, a floor of $45.00 (the Company receives $45.00 when the market price settles between $32.50 and $45.00) and a sub floor of $32.50 (the Company receives the market price plus $15 for any prices below $32.50).
	Also in April, we also entered into a deferred three way collar with respect to 27,375 (average of 75 barrels per day) for 2016 production.  The options have a ceiling of $80, a floor or $55 and a sub floor of $45.  These options have a premium of $1.63 per barrel, which is deferred until the contract settlement.
	At March 31, 2015 the Company’s open derivative contracts consisted of the following:
		Oil Price Collars - WTI	Volumes (Bbls)	Floor US$	Ceiling US$
		April 2015 - December 2015	13,401	85.00	89.85
		January 2016 - February 2016	2,788	85.00	89.85
		Oil Price Swaps - WTI	Volumes (Bbls)	Price US$
		April 2015 - December 2015	13,401	105.00
		January 2016 - February 2016	2,788	105.00
		Oil Price Swaps - WTI	Volumes (Bbls)	Avg Price US$
		April 2015 - December 2015	30,161	92.05

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	9 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Schedule Of Weighted Average Dilutive And Anti-Dilutive Securities
		Three months ended				Nine months ended
		31-Mar-15		31-Mar-14		31-Mar-15		31-Mar-14
	Dilutive	-		-		-		-
	Anti–dilutive	324,643,740		302,178,528		367,910,312		274,565,281
Schedule Of Calculation Of Basic And Diluted Earnings Per Share
		Three months ended					Nine months ended
		31-Mar-15			31-Mar-14		31-Mar-15		31-Mar-14
	Net income (loss)	$	-1,944,025		-381,268		$	-15,456,847	-901,900
	Basic weighted average ordinary shares outstanding		2,837,782,022		2,547,627,193			2,837,775,738	2,484,035,681
	Add: dilutive effect of stock options		-		-			-	-
	Diluted weighted average ordinary shares outstanding		2,837,782,022		2,547,627,193			2,837,775,738	2,484,035,681
	Basic earnings per ordinary share – cents per share		-0.07		-0.01			-0.54	-0.04
	Diluted earnings per ordinary share – cents per share		-0.07		-0.01			-0.54	-0.04

Asset_Retirement_Obligations_T

Asset Retirement Obligations (Tables)	9 Months Ended
	Mar. 31, 2015
Asset Retirement Obligations [Abstract]
Summary Of Activities Of Asset Retirement Obligations
		Nine months ended
		31-Mar-15		31-Mar-14
	Asset retirement obligations at beginning of period	$	1,775,792	$	868,589
	Liabilities incurred or acquired		719,920		178,911
	Liabilities settled		-710,561		-13,920
	Disposition of properties		-		-102
	Accretion expense		25,527		50,230
	Asset retirement obligations at end of period		1,810,678		1,083,708
	Less: current asset retirement obligations (classified with accounts payable and accrued liabilities)		-135,429		-
	Long-term asset retirement obligations	$	1,675,249	$	1,083,708

Fair_Value_Tables

Fair Value (Tables)	9 Months Ended
	Mar. 31, 2015
Fair Value Measurements [Abstract]
Schedule Of Fair Value, Assets And Liabilities Measured On Recurring And Nonrecurring Basis
		Carrying value at March 31, 2015		Level 1		Level 2		Level 3		Netting (1)		Fair Value at March 31, 2015
	Current Assets:
	Cash and cash equivalents	$	2,603,393	$	2,603,393	$	-	$	-	$	-	$	2,603,393
	Derivative Instruments		1,775,232		-		1,952,126		-		-176,894		1,775,232
	Non Current Assets
	Derivative Instruments		185,411		-		687,230				-501,819		185,411
													-
	Current Liabilities												-
	Derivative instruments		-		-		176,894		-		-176,894		-
													-
	Non Current Liabilities												-
	Derivative Instruments		-		-		501,819				-501,819		-
		Carrying value at June 30, 2014		Level 1		Level 2		Level 3		Netting (1)		Fair Value at June 30, 2014
	Current Assets:
	Cash and cash equivalents	$	6,846,394	$	6,846,394	$	-	$	-	$	-	$	6,846,394
	Derivative Instruments		-		-		56,380		-		-56,380		-
	Non Current Assets
	Derivative Instruments		-		-		61,493		-		-61,493		-
	Current Liabilities
	Derivative instruments		284,376		-		340,756		-		-56,380		284,376
	Non Current Liabilities
	Derivative Instruments		128,998		-		190,491		-		-61,493		128,998

Cash_Flow_Statement_Reconcilat

Cash Flow Statement Reconcilation (Tables)	9 Months Ended
	Mar. 31, 2015
Cash Flow Statement [Abstract]
Schedule Of Cash Flow Statement Reconciliation
		Nine months ended
		31-Mar-15		31-Mar-14
	Net loss after tax	$	-15,456,847	$	-901,900
	Depletion, depreciation and amortization		3,732,464		1,602,199
	Stock-based compensation		-		86,244
	Accretion of asset retirement obligation		25,527		50,230
	Impairment expense		3,604,504		83,835
	Exploration and evaluation expenditure		11,558,997		341,785
	Gain on sale of oil and gas properties		-		-2,742,076
	Amortization borrowing costs		100,195		10,931
	Abandonment expense		226,671		-
	Non cash (gain)/loss on derivative instruments		-2,374,018		11,559
	Changes in assets and liabilities:
	Decrease/(Increase) in receivables		2,480,349		-1,421,605
	Increase/(decrease) in provision for annual leave		6,310		68,576
	(Decrease)/Increase in payables		-2,550,570		56,035
	NET CASH FLOWS PROVIDED BY/(USED IN) OPERATING ACTIVITIES	$	1,353,582	$	-2,754,187

Credit_Facility_Tables

Credit Facility (Tables)	9 Months Ended
	Mar. 31, 2015
Credit Facility [Abstract]
Schedule of Line of Credit Facilities [Table Text Block]
		Nine months ended
		31-Mar-15		31-Mar-14
	Credit facility at beginning of period	$	6,000,000	$	-
	Cash advanced under facility	$	13,000,000		6,000,000
	Repayments		-		-
	Credit facility at end of period	$	19,000,000	$	6,000,000
					-
	Funds available for drawdown under the facility	$	-		2,000,000

Derivatives_Tables

Derivatives (Tables)	9 Months Ended
	Mar. 31, 2015
Derivatives [Abstract]
Schedule Of Open Derivative Contracts
		Oil Price Collars - WTI	Volumes (Bbls)	Floor US$	Ceiling US$
		April 2015 - December 2015	13,401	85.00	89.85
		January 2016 - February 2016	2,788	85.00	89.85
		Oil Price Swaps - WTI	Volumes (Bbls)	Price US$
		April 2015 - December 2015	13,401	105.00
		January 2016 - February 2016	2,788	105.00
		Oil Price Swaps - WTI	Volumes (Bbls)	Avg Price US$
		April 2015 - December 2015	30,161	92.05

Earnings_Per_Share_Details

Earnings Per Share (Details) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share [Abstract]
Anti-dilutive	324,643,740	302,178,528	367,910,312	274,565,281
Net income	($1,944,025)	($381,268)	($15,456,847)	($901,900)
Basic weighted average ordinary shares outstanding	2,837,782,022	2,547,627,193	2,837,775,738	2,484,035,681
Diluted weighted average ordinary shares outstanding	2,837,782,022	2,547,627,193	2,837,775,738	2,484,035,681
Basic earnings per ordinary share - cents per share	($0.07)	($0.01)	($0.54)	($0.04)
Diluted earnings per ordinary share - cents per share	($0.07)	($0.01)	($0.54)	($0.04)

Asset_Retirement_Obligations_D

Asset Retirement Obligations (Details) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Jun. 30, 2014
Asset Retirement Obligations [Abstract]
Asset retirement obligations at beginning of period			$1,775,792	$868,589
Liabilities incurred or acquired			719,920	178,911
Liabilities settled			-710,561	-13,920
Disposition of properties				-102
Accretion expense	9,186	17,417	25,527	50,230
Asset retirement obligations at end of period	1,810,678	1,083,708	1,810,678	1,083,708
Less: current asset retirement obligations (classified with accounts payable and accrued liabilities)	-135,429		-135,429
Long-term asset retirement obligations	$1,675,249	$1,083,708	$1,675,249	$1,083,708	$897,859

Equity_Incentive_Compensation_

Equity Incentive Compensation (Summary Of Stock Option Activity) (Details) (USD $)	9 Months Ended
	Mar. 31, 2014	Mar. 31, 2015
Equity Incentive Compensation [Abstract]
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized		$0
Share-based Compensation	$86,244

Sale_of_Oil_and_Gas_Properties1

Sale of Oil and Gas Properties (Details) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2014	Sep. 30, 2013	Mar. 31, 2014
Gain (Loss) on Disposition of Oil and Gas Property [Abstract]
total value of slawson sale		$5,562,000
value applied to Billabong well		900,000
well cost reimbursement from slawson		2,920,000
Gain Loss On Sale Of Property	217,665		2,742,076
Proceeds From Sale Of Oil And Gas Property And Equipment			$4,488,825
percentage of interest sold		25.00%

Fair_Value_Measurements_Schedu

Fair Value Measurements (Schedule Of Fair Value, Assets And Liabilities Measured On Recurring And Nonrecurring Basis) (Details) (USD $)	Mar. 31, 2015		Jun. 30, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	$2,603,393		$6,846,394
Derivative instruments, Current Assets	1,775,232
Fair value of derivative instruments	185,411
Derivative Liability, Current			284,376
Derivative instrument, Non Current Liabilities			128,998
Carrying Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	2,603,393		6,846,394
Derivative instruments, Current Assets	1,775,232
Fair value of derivative instruments	185,411
Derivative Liability, Current			284,376
Derivative instrument, Non Current Liabilities			128,998
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	2,603,393		6,846,394
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments, Current Assets	1,952,126		56,380
Fair value of derivative instruments	687,230		61,493
Derivative Liability, Current	176,894		340,756
Derivative instrument, Non Current Liabilities	501,819		190,491
Netting [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments, Current Assets	-176,894	[1]	-56,380	[1]
Fair value of derivative instruments	-501,819	[1]	-61,493	[1]
Derivative Liability, Current	-176,894	[1]	-56,380	[1]
Derivative instrument, Non Current Liabilities	($501,819)	[1]	($61,493)	[1]
[1]	Netting In accordance with the Companybs standard practice, its commodity derivatives are subject to counterparty netting under agreements governing such derivatives and therefore the risk of loss is somewhat mitigated.

Commitments_And_Contingencies_

Commitments And Contingencies (Details) (USD $)	9 Months Ended	12 Months Ended
	Mar. 31, 2015	Jun. 30, 2013
Commitments And Contingencies [Abstract]
Unpaid oil revenue claimed by Halliburton	$170,000	$126,000
Disputed rig mobilisation invoice	$336,000

Capitalized_Exploration_Expens

Capitalized Exploration Expense (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014
Capitalized Exploration Expense [Abstract]
Capiltalized exploration expense after write off			$2,300,000
Undeveloped capitalized acreage	2,707,164			12,349,767
undevelopedacreagecapitalisedHawkSprings			2,700,000
capitalisedexpenditureHawkSprings			2,200,000
undevelopedacreageRoosevelt			7,800,000
CapitalisedExpenditureRoosevelt			300,000
UndevelopedAcreageCostsSouthPrairie			1,600,000
ExplorationExpenditureCapitalisedSouthPrairie			900,000
Exploration acreage written off lease expirations Hawk Springs	20,000	200,000	100,000
Exploration written off South Prairie			2,500,000
Exploration written off Roosevelt			$8,100,000

Issue_of_Share_Capital_Details

Issue of Share Capital (Details)	0 Months Ended		3 Months Ended		9 Months Ended
	Mar. 30, 2015	Mar. 29, 2015	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2014
	USD ($)	USD ($)		USD ($)	USD ($)	USD ($)	AUD
Issue of Share Capital [Abstract]
Shares issued upon exercise of options, shares			0	16,000	25,089	25,864
Net proceeds from option exercises				$555	$880	$902
Shares issued to institutional investors						318,452,166
Price per share, shares issued				$0.02		$0.02	0.025
Warrants issued with 3.8 cent exercise price						132,380,866
Ratio Ordinary Shares to ADS pre change		20
Ratio Ordinary shares to ADS after ratio change	$200

Cash_Flow_Statement_Details

Cash Flow Statement (Details) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Cash Flow Statement [Abstract]
Net income/(loss) after tax			($15,456,847)
Net (loss) after tax	-1,944,025	-381,268	-15,456,847	-901,900
Depletion, depreciation and amortization			3,732,464	1,602,199
Stock based compensation				86,244
Accretion of asset retirment obligation	9,186	17,417	25,527	50,230
Impairment expense			3,604,504	83,835
Exploration and evaluation expenditure			11,558,997	341,785
Gain on sale of oil and gas properties				-2,742,076
Amortisation of borrowing costs	35,063	10,931	100,195	10,931
Abandonment expense	11,868		226,671
Unrealized Gain (Loss) on Derivatives			-2,374,018	11,559
Increase in receivables			2,480,349	-1,421,605
Increase/(decrease) in provision for annual leave			6,310	68,576
Increase in payables			-2,550,570	56,035
Net cash flows used in operating activities			$1,353,582	($2,754,187)

Credit_Facility_Details

Credit Facility (Details) (USD $)	3 Months Ended	9 Months Ended
	Mar. 31, 2015	Mar. 31, 2015	Mar. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Credit Facility [Abstract]
Line of Credit Facility, Current Borrowing Capacity	$19,000,000	$19,000,000	$8,000,000		$15,500,000
Line of Credit Facility, Maximum Borrowing Capacity	50,000,000	50,000,000	25,000,000	25,000,000
Line of Credit Facility, Remaining Borrowing Capacity						2,000,000
Debt Instrument, Interest Rate During Period	3.48%
Debt Instrument, Maturity Date			28-Jan-17
Credit facility at end of period	19,000,000	19,000,000			6,000,000	6,000,000
Payments of Debt Issuance Costs		83,690	189,112
Cash advanced under facility		$13,000,000	$6,000,000

Derivatives_Narrative_Details

Derivatives (Narrative) (Details) (USD $)	3 Months Ended	9 Months Ended
	Mar. 31, 2014	Mar. 31, 2014
Derivatives [Abstract]
Loss on derivative instruments	$79,156	$79,156

Derivatives_Schedule_Of_Open_D

Derivatives (Schedule Of Open Derivative Contracts) (Details)	12 Months Ended	2 Months Ended	12 Months Ended
	Dec. 31, 2015	Feb. 29, 2016	Dec. 31, 2016
	bbl	bbl	bbl
Derivative Contract Two [Member]
Derivative [Line Items]
Volumes (bbls)	13,401
Floor US$	85
Ceiling US$	89.85
Derivative Contract Three [Member]
Derivative [Line Items]
Volumes (bbls)		2,788
Floor US$		85
Ceiling US$		89.85
Derivative Contract Nine [Member]
Derivative [Line Items]
Volumes (bbls)			36,600
Derivative, Underlying			$5.50
Swap [Member] | Derivative Contract Five [Member]
Derivative [Line Items]
Volumes (bbls)	13,401
Price US$	105
Swap [Member] | Derivative Contract Six [Member]
Derivative [Line Items]
Volumes (bbls)		2,788
Price US$		105
Swap [Member] | Derivative Contract Member Eight [member]
Derivative [Line Items]
Volumes (bbls)	30,161
Price US$	92.05