INVESTMENT IN OIL AND GAS PROPERTIES (Details)
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3 Months Ended |
6 Months Ended |
9 Months Ended |
12 Months Ended |
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Apr. 12, 2017
USD ($)
km²
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Mar. 01, 2017
USD ($)
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Jan. 29, 2017
USD ($)
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Jan. 24, 2017
USD ($)
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Sep. 15, 2016
USD ($)
km²
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Aug. 19, 2016
USD ($)
km²
item
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Jun. 30, 2016
USD ($)
bbl
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Mar. 31, 2017
USD ($)
bbl
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Dec. 31, 2016
USD ($)
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Sep. 30, 2016
USD ($)
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Mar. 31, 2016
USD ($)
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Dec. 31, 2016
USD ($)
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Mar. 31, 2017
USD ($)
bbl
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Mar. 31, 2016
USD ($)
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Jun. 30, 2016
USD ($)
bbl
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Jun. 02, 2017 |
Mar. 30, 2017 |
Aug. 15, 2016 |
Jun. 30, 2015
USD ($)
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Jun. 30, 2013
bbl
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Dec. 31, 2012 |
Dec. 30, 2012 |
Jun. 30, 2010 |
Mar. 25, 2010
mi²
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Mar. 25, 2010 |
Mar. 25, 2010
km²
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| Investments in oil and gas properties |
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| Reserves | bbl |
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0
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0
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| Oil and Gas Properties: |
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| Unproved properties not subject to amortization |
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$ 4,653,000
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$ 4,653,000
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$ 14,311,000
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| Full impairment of unproved oil and gas properties |
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$ 14,331,000
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753,000
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$ 14,331,000
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$ 14,331,000
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| Settlement and Release Agreement with Tullow and Dana |
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| Oil and Gas Properties: |
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| Fair value of well construction material |
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4,100,000
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4,100,000
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| Tullow Guinea Ltd | Settlement and Release Agreement with Tullow and Dana |
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| Investments in oil and gas properties |
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| Participation interest in joint venture |
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40.00%
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| Dana | Settlement and Release Agreement with Tullow and Dana |
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| Investments in oil and gas properties |
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| Participation interest in joint venture |
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23.00%
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| Guinea concession |
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| Investments in oil and gas properties |
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| Ownership interest in Guinea Concession (as a percent) |
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100.00%
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37.00%
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37.00%
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37.00%
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77.00%
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| Extension period for second exploration (in years) |
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1 year
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| Number of exploratory well in extension period | item |
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1
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| Depth below seabed required to be drilled of an exploration well (in meters) | m |
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2,500
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2,500
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| Contract area retained (in square kilometers/square miles) |
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5,000
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5,000
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9,650
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25,000
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| Amount receivable, if extension well not drilled |
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$ 46,000,000
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| Eligible appraisal period |
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2 years
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| Notice period for termination (in days) |
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30 days
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| Mutually acceptable security |
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$ 5,000,000
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$ 5,000,000
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5,000,000
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| Estimated amount to limit cost recovery to share of expenditures |
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$ 165,000,000
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| Agreed amount in training budget |
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$ 250,000
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250,000
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| Estimated amount of unused portion of training program |
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$ 400,000
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400,000
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| Portion of oil and gas equipment moved from Takoradi, Ghana to Guinea |
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$ 1,600,000
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1,600,000
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| Total value of oil and gas equipment stored at Takoradi, Ghana |
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$ 4,100,000
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$ 4,100,000
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| Capitalized costs |
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$ 500,000
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$ 2,000,000
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| Reserves | bbl |
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0
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0
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0
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| Guinea's share of cost and profit oil (as a percent) |
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62.50%
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| Oil and Gas Properties: |
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| Unproved properties not subject to amortization |
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$ 4,653,000
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$ 4,653,000
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$ 14,311,000
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| Increase in property balance resulting from capitalized cost adjustment |
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4,700,000
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$ 20,000
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| Fair value of well construction material |
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$ 4,400,000
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4,400,000
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| Reduction in fair value of well construction material |
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$ 400,000
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| Oil and gas property capitalized |
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$ 500,000
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$ 300,000
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$ 500,000
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| Full impairment of unproved oil and gas properties |
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$ 14,300,000
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$ 800,000
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$ 200,000
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$ 14,331,000
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| Guinea concession | General, Administrative And Other Operating Cost |
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| Investments in oil and gas properties |
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| Capitalized costs |
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$ 1,300,000
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| Guinea concession | Tullow Guinea Ltd |
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| Investments in oil and gas properties |
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| Ownership interest in Guinea Concession (as a percent) |
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40.00%
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40.00%
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40.00%
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| Guinea concession | Dana |
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| Investments in oil and gas properties |
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| Ownership interest in Guinea Concession (as a percent) |
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23.00%
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23.00%
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23.00%
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| Guinea concession | Subsequent Event |
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| Investments in oil and gas properties |
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| Ownership interest in Guinea Concession (as a percent) |
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100.00%
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| Extension period for second exploration (in years) |
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1 year
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| Number of exploratory well in extension period | item |
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1
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| Depth below seabed required to be drilled of an exploration well (in meters) | m |
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2,500
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| Contract area retained (in square kilometers/square miles) | km² |
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5,000
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| Amount receivable, if extension well not drilled |
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$ 46,000,000
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| Notice period for termination (in days) |
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30 days
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| Mutually acceptable security |
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$ 5,000,000
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| Estimated amount to limit cost recovery to share of expenditures |
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150,000,000
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| Agreed amount in training budget |
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250,000
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| Estimated amount of unused portion of training program |
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$ 500,000
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| Farm-out Agreement | SAPETRO |
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| Investments in oil and gas properties |
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| Guinea's share of cost and profit oil (as a percent) |
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50.00%
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| Farm-out Agreement | Subsequent Event | SAPETRO |
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| Investments in oil and gas properties |
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| Participation interest in joint venture |
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50.00%
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| Farm-out Agreement | Guinea concession | Subsequent Event |
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| Investments in oil and gas properties |
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| Contract area retained (in square kilometers/square miles) | km² |
5,000
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| Mutually acceptable security |
$ 5,000,000
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| Farm-out Agreement | Guinea concession | Subsequent Event | SAPETRO |
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| Investments in oil and gas properties |
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| Ownership interest in Guinea Concession (as a percent) |
2.00%
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| Participation interest in joint venture |
50.00%
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| Contract area retained (in square kilometers/square miles) | km² |
5,000
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| Mutually acceptable security |
$ 5,000,000
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