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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities    
Net income (loss) attributable to common stockholders $ 2,622,934 $ (144,351)
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Impairment and depreciation 2,604 40,883
Stock-based compensation   13,991
Accretion of asset retirement obligation 1,328 1,263
Change in fair value of warrant liability (3,000,648) (15,600)
Changes in operating assets and liabilities:    
Accounts receivable (12,270) 2,674
Accounts payable & accrued liabilities including related party payables (9,906) (32,227)
Net cash flows from operating activities (395,958) (133,367)
Cash flows from investing activities    
Acquisition of oil and gas properties (1,433) (8,119)
Acquisition of mineral properties (514,155)  
Net cash flows from investing activities (515,588) (8,119)
Effect of exchange rate changes on cash (8,010)  
Decrease in cash and cash equivalents (919,556) (141,486)
Cash and cash equivalents, beginning of period 2,052,305 2,409,770
Cash and cash equivalents, end of period 1,132,749 2,268,284
Supplemental disclosure of cash flow information:    
Interest paid in cash    
Income tax paid in cash