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CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2011
Dec. 31, 2010
Current assets  
Cash and cash equivalents$ 964,448$ 2,052,305
Accounts receivable16,0912,615
Prepaid expenses3,870 
Total current assets984,4092,054,920
Oil and gas properties  
Proven properties433,522432,089
Unproven properties97,838103,087
Accumulated depreciation, depletion, amortization and impairment(511,517)(508,583)
Oil and gas properties, net19,84326,593
Mineral properties484,100 
Total assets1,488,3522,081,513
Current liabilities  
Accounts payable and accrued liabilities24,5189,404
Accounts payable - related parties8,48813,270
Warrant liability888,9415,248,041
Total current liabilities921,9475,270,715
Long-term liabilities  
Asset retirement obligation54,59652,558
Total liabilities976,5435,323,273
Stockholders' equity (deficit)  
Preferred stock: $0.0001 par value: Authorized: 10,000,000 shares Issued and outstanding: nil  
Common stock: $0.00001 par value: Authorized: 200,000,000 shares Issued and outstanding: 63,075,122 shares (2010: 63,075,122)631631
Additional paid-in capital5,462,2365,462,236
Accumulated deficit(4,912,476)(8,704,627)
Accumulated other comprehensive income (loss)(38,582) 
Total stockholders' equity (deficit)511,809(3,241,760)
Total liabilities and stockholders' equity (deficit)$ 1,488,352$ 2,081,513