CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)	12 Months Ended		84 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011
Operating expenses:
Selling, general and  administrative expense	$ 353,023	$ 732,523	$ 24,071,511
Accretion, depreciation and amortization	2,911	5,099	478,314
Oil and gas property impairment	75,000	615,741	10,085,117
Total operating expenses	430,934	1,353,363	34,634,942
Loss from operations	(430,934)	(1,353,363)	(34,634,942)
Equity in losses from  affiliates			(2,099,663)
Loss on redemption of  preferred shares			(105,376)
Gain (loss) on sale of marketable securities	(100,924)	305,138	1,067,865
Impairment of marketable securities			(3,707,513)
Warrants issued from Peace Oil acquisition			(368,000)
Revaluation loss net of  warrant liability			(431,261)
Interest income (expense)	(3,948)	(2,577)	(4,234,187)
Gain on disposition of  Peace Oil and Peace Oil Corp.			1,525,105
Loss from continuing operations, before income taxes and minority interest	(535,806)	(1,050,802)	(42,987,972)
Benefit (provision) for income taxes
Income (loss) before non-controlling interest	(535,806)	(1,050,802)	(42,987,972)
Income (loss) applicable to non-controlling interest			3,679,096
Net income (loss)	(535,806)	(1,050,802)	(39,308,876)
Other comprehensive income (loss):
Unrealized gain (loss) on available for sale securities	(381,402)		(381,402)
Foreign currency  translation adjustment		1,101
Comprehensive income (loss)	$ (917,208)	$ (1,049,701)	$ (39,690,278)
Net loss per common share -  basic and diluted	$ (0.02)	$ (0.03)
Weighted average sharesoutstanding	35,557,250	32,860,187