XML 21 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2012
Dec. 31, 2011
Current assets    
Cash and cash equivalents $ 578,106 $ 787,771
Accounts receivable   14,514
Prepaid expenses 9,220  
Total current assets 587,326 802,285
Oil and gas properties    
Unproven properties 533,293 530,539
Accumulated depreciation, depletion, amortization and impairment (513,374) (511,847)
Oil and gas properties, net 19,919 18,692
Mineral properties 519,750 519,750
Total assets 1,126,995 1,340,727
Current liabilities    
Accounts payable and accrued liabilities 33,197 27,843
Accounts payable - related parties 25,179 45,850
Total current liabilities 58,376 73,693
Long-term liabilities    
Asset retirement obligation 57,532 55,316
Total liabilities 115,908 129,009
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 (4,446,772) (4,247,045)
Accumulated other comprehensive income (loss) (5,008) (4,104)
Total stockholders' equity 1,011,087 1,211,718
Total liabilities and stockholders' equity $ 1,126,995 $ 1,340,727