XML 15 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
Mar. 31, 2012
Dec. 31, 2011
Current assets    
Cash and cash equivalents $ 661,305 $ 787,771
Accounts receivable 7,762 14,514
Prepaid expenses 10,200  
Total current assets 679,267 802,285
Oil and gas properties    
Unproven properties 530,539 530,539
Accumulated depreciation, depletion, amortization and impairment (512,178) (511,847)
Oil and gas properties, net 18,361 18,692
Mineral properties 519,750 519,750
Total assets 1,217,378 1,340,727
Current liabilities    
Accounts payable and accrued liabilities 29,437 27,843
Accounts payable - related parties 4,200 45,850
Total current liabilities 33,637 73,693
Long-term liabilities    
Asset retirement obligation 56,045 55,316
Total liabilities 89,682 129,009
STOCKHOLDERS' EQUITY    
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 (2011: 63,075,122) 631 631
Additional paid-in capital 5,462,236 5,462,236
Accumulated deficit (4,330,298) (4,247,045)
Accumulated other comprehensive income (loss) (4,873) (4,104)
Total stockholders' equity 1,127,696 1,211,718
Total liabilities and stockholders' equity $ 1,217,378 $ 1,340,727