CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS [Abstract]
OIL AND GAS REVENUE	$ 347,139	$ 411,349
EXPENSES OF OPERATIONS
Lease operating expense and severance tax	81,774	195,381
Joint venture expense	0	3,244
Depreciation and depletion	24,954	66,971
Impairment of oil and gas properties	0	46,235,574
Bad debt expense	86,507	3,951,370
Foreign Equity Tax	0	1,689,039
Loss on sale of securities	0	97,267
General and administrative expense	3,417,292	5,027,024
Total operating expenses	3,610,527	57,265,870
Gain on sale of oil and gas properties	45,475	387,314
Loss from operations	(3,217,913)	(56,467,207)
OTHER INCOME (EXPENSE)
Interest income	33,238	10,844
Other income expense	(1,080)	(84,163)
Total other income (expense)	32,158	(73,319)
Net loss before taxes	(3,185,755)	(56,540,526)
Income tax expense (benefit)	(12,274)	216,923
Net loss	(3,173,481)	(56,757,449)
Basic and diluted net loss per common share outstanding (in dollars per share)	$ (0.06)	$ (1.46)
Basic and diluted weighted average number of common shares outstanding (in shares)	52,175,677	38,799,434
COMPREHENSIVE INCOME (LOSS)
Net loss	(3,173,481)	(56,757,449)
Unrealized gain on marketable securities	0	(106,371)
Net comprehensive loss	$ (3,173,481)	$ (56,863,820)