Oil and Gas Properties (Tables)

6 Months Ended

Jun. 30, 2011

Oil And Gas Properties Tables [Abstract]

Capitalized Costs Relating to Oil and Gas Producing Activities Disclosure [Text Block]

2. OIL AND GAS PROPERTIES:
		June 30,		December 31,
		2011		2010
Developed Properties:
Acquisition, equipment, exploration, drilling and environmental costs	$	5,241,709	$	4,575,222
Less: Accumulated depletion, depreciation and amortization		(2,134,743)		(1,985,799)
		3,106,966		2,589,423
Unproven Properties:
Acquisition and exploration costs not being amortized(1)		524,307		486,247
Net capitalized costs - oil and gas properties	$	3,631,273	$	3,075,670