XML 27 R2.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2011
Dec. 31, 2010
Current assets    
Cash and cash equivalents $ 1,132,749 $ 2,052,305
Accounts receivable 14,885 2,615
Total current assets 1,147,634 2,054,920
Oil and gas properties    
Proven properties 433,522 432,089
Unproven properties 103,087 103,087
Accumulated depreciation, depletion, amortization and impairment (511,187) (508,583)
Oil and gas properties, net 25,422 26,593
Mineral properties 514,155  
Total assets 1,687,211 2,081,513
Current liabilities    
Accounts payable and accrued liabilities 9,080 9,404
Accounts payable - related parties 3,688 13,270
Warrant liability 2,247,393 5,248,041
Total current liabilities 2,260,161 5,270,715
Long-term liabilities    
Asset retirement obligation 53,886 52,558
Total liabilities 2,314,047 5,323,273
STOCKHOLDERS' DEFICIT    
Preferred stock: $0.0001 par value: Authorized: 10,000,000 shares Issued and outstanding: nil    
Common stock: $0.00001 par value: Authorized: 200,000,000 shares Issued and outstanding: 63,075,122 shares (2010: 63,075,122) 631 631
Additional paid-in capital 5,462,236 5,462,236
Accumulated deficit (6,081,693) (8,704,627)
Accumulated other comprehensive income (loss) (8,010)  
Total stockholders' deficit (626,836) (3,241,760)
Total liabilities and stockholders' deficit $ 1,687,211 $ 2,081,513