Segment and Geographic Information

12 Months Ended

Dec. 31, 2011

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Note 21– Segment and Geographic Information

We have determined we have one reportable operating segment being the acquisition, exploration and development of oil and gas properties. Our operations are conducted in geographic areas as follows:

				2011				2010				2009
				Revenue		Long-lived Assets		Revenue		Long-lived Assets		Revenue		Long-lived Assets
United States			$	18,337	$	139,236	$	11,174	$	115,114	$	1,627	$	46,172
United Kingdom				41,754		650,943		60,501		486,467		60,666		436,016
Other				-		1,287		-		877		-		1,607
Continuing Operations				60,091		791,466		71,675		602,458		62,293		483,795
Discontinued
	operations -
		Norway		-		-		-		-		17,550		-
Total			$	60,091	$	791,466	$	71,675	$	602,458	$	79,843	$	483,795
Total International			$	41,754	$	652,230	$	60,501	$	487,344	$	78,216	$	437,623