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COMMITMENTS AND CONTINGENCIES (Details) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2012
Dec. 02, 2010
Nov. 05, 2009
Lease Commitment [Abstract]        
Operating lease agreement expiration date   May 31, 2017    
Future payments under lease agreement [Abstract]        
2012 $ 21,750 $ 21,750    
2013 89,054 89,054    
2014 91,432 91,432    
2015 93,793 93,793    
2016 96,162 96,162    
2017 40,479 40,479    
Total 432,670 432,670    
Operating lease base rental expense 21,974 65,921    
Standby Letter of Credit - CPO 4 Block [Abstract]        
Letter of credit issued by JP Morgan to Banco de Bagota     3,056,250 2,037,500
Percentage of ownership interest acquired in CPO 4 Block (in hundredths) 1.60% 1.60% 37.50% 25.00%
Deposit with J.P Morgan Chase 2,037,500 2,037,500 3,056,250  
Legal Contingencies [Abstract]        
Settlement of Claim   490,850    
New claims filed number   2    
Tax Contingency [Abstract]        
Estimated tax liability in connection with Columbian equity 1,200,000 1,200,000    
JP Morgan Chase [Member]
       
Line of Credit Facility [Line Items]        
Letter of credit fee paid   70,687    
Banco de Bogota [Member]
       
Line of Credit Facility [Line Items]        
Letter of credit fee paid   $ 26,674