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Condensed Consolidated Statements Of Operations (USD $)
3 Months Ended 9 Months Ended
Oct. 31, 2011
Oct. 31, 2010
Oct. 31, 2011
Oct. 31, 2010
REVENUES        
Oil and natural gas sales, net of royalties $ 3,462,471 $ 100,444 $ 4,600,739 $ 142,166
EXPENSES        
Lease operating 575,146 23,911 1,436,261 37,406
Stock-based compensation 1,998,586 264,902 5,556,377 748,707
Other general and administrative 1,819,172 741,165 5,448,197 1,912,485
Depletion, depreciation and amortization (Note 3) 1,231,817 41,132 1,573,802 54,996
Accretion of asset retirement obligations (Note 2) 70,786 64,659 211,105 196,454
Less gain on sale of oil and gas properties       (976,900)
Foreign exchange loss (gain) 8,862 (7,638) 10,928 (37,779)
Total operating expenses 5,704,369 1,128,131 14,236,670 1,935,369
LOSS FROM OPERATIONS (2,241,898) (1,027,687) (9,635,931) (1,793,203)
OTHER INCOME        
Interest and miscellaneous income 102,774 103 297,011 476
NET LOSS AND COMPREHENSIVE LOSS (2,139,124) (1,027,584) (9,338,920) (1,792,727)
Less: net loss attributable to the noncontrolling interest in subsidiary 28,936   28,936  
NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (2,110,188) $ (1,027,584) $ (9,309,984) $ (1,792,727)
NET LOSS PER COMMON SHARE - BASIC AND DILUTED $ (0.05) $ (0.10) $ (0.23) $ (0.19)
Weighted average common shares outstanding - basic and diluted 43,261,133 10,085,586 39,662,997 9,470,979