CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Revenue
Oil and gas sales	$ 10,080	$ 12,353	$ 17,713	$ 24,087
Expenses
Lease operating expenses	5,590	4,942	10,761	11,639
Exploration costs	101,935		101,935
General and administrative expenses	132,056	40,085	280,127	131,516
Impairment and depreciation	1,301	22,132	2,604	40,883
Total operating expenses	240,882	67,159	395,427	184,038
Operating Loss	(230,802)	(54,806)	(377,714)	(159,951)
Other income / (expense)
Change in fair value of warrant liability	2,994,812	1,938,524	3,000,648	15,600
Nonoperating Income (Expense), Total	2,994,812	1,938,524	3,000,648	15,600
Net income (loss) attributable to common stockholders	$ 2,764,010	$ 1,883,718	$ 2,622,934	$ (144,351)
Earnings per share - basic
Income (loss) per common share	$ 0.04	$ 0.03	$ 0.04	$ 0.00
Weighted average shares outstanding	63,075,122	63,075,122	63,075,122	63,075,122
Earnings per share - diluted
Income (loss) per common share	$ 0.04	$ 0.03	$ 0.04	$ 0.00
Weighted average shares and dilutive potential common shares outstanding	65,669,420	63,075,122	64,447,506	63,075,122