Capital loss

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- Definition

Percentage of Net Revenue

+ References

No definition available.

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- Definition

Working Interest Acquired

+ References

No definition available.

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- Definition

The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (b)

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- Definition

The charge against earnings resulting from the aggregate write down of all assets from their carrying value to their fair value.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 144

-Paragraph 45, 46, 47

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-Publisher FASB

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-Paragraph 28

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-Name Accounting Standards Codification

-Topic 360

-SubTopic 10

-Section 45

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2420-110228

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- Definition

Capitalized costs of proved properties that include fee ownership or a lease, concession, or other interest representing the right to extract oil or gas subject to such terms as may be imposed by the conveyance of that interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 19

-Paragraph 59M

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 932

-SubTopic 360

-Glossary Proved Properties

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-Publisher FASB

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-Topic 932

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-Section 50

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-Name Accounting Standards Codification

-Glossary Properties

-URI http://asc.fasb.org/extlink&oid=21914647

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- Definition

Capitalized costs of unproven properties that include fee ownership or a lease, concession, or other interest representing the right to extract oil or gas subject to such terms as may be imposed by the conveyance of that interest.

+ References

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-Name Accounting Standards Codification

-Topic 932

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-Name Accounting Standards Codification

-Topic 932

-Glossary Unproved Properties

-URI http://asc.fasb.org/extlink&oid=6527831

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-Glossary Properties

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 19

-Paragraph 59M

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- Definition

The amount by which the fair value of an investment is less than the amortized cost basis or carrying amount of that investment at the balance sheet date and the decline in fair value is deemed to be other than temporary, before considering whether or not such amount is recognized in earnings or other comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Staff Position (FSP)

-Number FAS115-1/124-1

-Paragraph 15C

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Publisher FASB

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-Number FAS115-2/124-2

-Paragraph 22

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- Definition

The accumulated decrease in the carrying value of the mineral properties as a result of mine or mineral production.

+ References

No definition available.

+ Details

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- Definition

Carrying amount at the balance sheet date of mineral properties, gross of adjustments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 19

-Paragraph 15

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 12

-Paragraph 5

-Subparagraph b

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- Definition

Mineral properties, net of adjustments.

+ References

+ Details

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- Definition

The cash outflow from the acquisition of a mineral right which is the right to extract a mineral from the earth or to receive payment, in the form of royalty, for the extraction of minerals.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 15

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Investing Activities

-URI http://asc.fasb.org/extlink&oid=6516133

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-Publisher FASB

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-Topic 230

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-Subparagraph (c)

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- Definition

The cash inflow from the sale of other tangible or intangible assets used to produce goods or deliver services not otherwise defined in the taxonomy.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 16

-Subparagraph c

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-Publisher FASB

-Name Accounting Standards Codification

-Glossary Investing Activities

-URI http://asc.fasb.org/extlink&oid=6516133

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 95

-Paragraph 15

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-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

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-Paragraph 12

-Subparagraph (c)

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Investments in Mineral Properties (Narrative) (Details) (USD $)	3 Months Ended			12 Months Ended		3 Months Ended	12 Months Ended	3 Months Ended			3 Months Ended	12 Months Ended	0 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended		12 Months Ended	24 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012	Dec. 31, 2012 Mineral property [Member]	Mar. 31, 2013 Mineral property [Member]	Mar. 31, 2013 Investment in Mineral Properties [Member]	Dec. 31, 2012 Investment in Mineral Properties [Member]	Mar. 31, 2013 Investment in Mineral Properties [Member] Mineral property [Member]	Mar. 31, 2012 Investment in Mineral Properties [Member] Mineral property [Member]	Dec. 31, 2012 Investment in Mineral Properties [Member] Mineral property [Member]	Mar. 31, 2013 S&W Oil & Gas, LLC - Poston Prospect [Member]	Dec. 31, 2012 S&W Oil & Gas, LLC - Poston Prospect [Member]	May 04, 2009 S&W Oil & Gas, LLC - Poston Prospect [Member] Mineral property [Member]	Mar. 31, 2012 S&W Oil & Gas, LLC - Poston Prospect [Member] Mineral property [Member]	Dec. 31, 2012 S&W Oil & Gas, LLC - Poston Prospect [Member] Mineral property [Member]	Mar. 31, 2013 Bay Petroleum Oklahoma prospects [Member]	Mar. 31, 2012 Bay Petroleum Oklahoma prospects [Member]	Dec. 31, 2012 Bay Petroleum Oklahoma prospects [Member]	Dec. 31, 2011 Bay Petroleum Oklahoma prospects [Member]	Dec. 31, 2011 Minimum [Member]	Dec. 31, 2011 Maximum [Member]
Investment in mineral properties	$ 0	$ 158,400		$ 6,500			$ 355,242						$ 64,500					$ 355,242	$ 1,992,330
Mineral property value	1,564,735		1,582,324	41,000				1,564,735		1,582,324								41,000
Accumulated amortization on mineral properties								150,087		132,499
Impairment charges														93,879			80,000	565,737
Capitalized cost of proved wells					1,103,205								138,615
Capitalized cost of unproved wells					611,617
Capital loss															2,621
Total capitalized cost of investment					1,714,822
Impairment expense	0	256,737						0	256,737
Percentage of working interest acquired											0.00%	5.00%	25.00%							5.00%	50.00%
Percent of net revenue interest													81.50%			100.00%		95.00%
Proceeds from sale of mineral properties	0	65,000													69,500
Amortization of mineral properties	$ 17,589	$ 36,342				$ 17,589			$ 36,342