CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Revenue
Oil and gas sales	$ 6,095	$ 6,150	$ 23,808	$ 30,237
Expenses
Lease operating expenses	5,319	4,247	16,080	15,886
Exploration costs	39,828		141,763
General and administrative expenses	151,993	62,021	432,121	193,536
Impairment and depreciation	331	12,113	2,934	52,996
Total operating expenses	197,471	78,381	592,898	262,418
Operating Loss	(191,376)	(72,231)	(569,090)	(232,181)
Other income / (expense)
Change in fair value of warrant liability	1,358,452	1,068,044	4,359,100	1,083,644
Gain on disposal of assets	2,141		2,141
Nonoperating Income (Expense), Total	1,360,593	1,068,044	4,361,241	1,083,644
Net income attributable to common stockholders	$ 1,169,217	$ 995,813	$ 3,792,151	$ 851,463
Earnings per share - basic
Income per common share	$ 0.02	$ 0.02	$ 0.06	$ 0.01
Weighted average shares outstanding	63,075,122	63,075,122	63,075,122	63,075,122
Earnings per share - diluted
Income per common share	$ 0.02	$ 0.02	$ 0.06	$ 0.01
Weighted average shares and dilutive potential common shares outstanding	64,501,373	63,075,122	64,465,803	63,075,122