Condensed Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
REVENUES
Oil and Natural Gas Sales	$ 2,872,674	$ 265,229	$ 5,371,830	$ 450,274
OPERATING EXPENSES
Production Expenses	221,509	4,994	419,822	5,690
Production Taxes	241,412	3,173	488,793	9,011
General and Administrative Expense	509,893	580,934	1,910,824	1,276,644
Depletion of Oil and Natural Gas Properties	1,324,771	101,000	2,293,099	171,500
Depreciation and Amortization	10,849	732	19,761	2,197
Accretion of Discount on Asset Retirement Obligations	1,717	63	3,306	104
Total Expenses	2,310,151	690,896	5,135,605	1,465,146
INCOME (LOSS) FROM OPERATIONS	562,523	(425,667)	236,225	(1,014,872)
OTHER INCOME (EXPENSE)
Merger Costs	0	(3,018)	0	(735,942)
Interest Expense	(508,841)	(60,933)	(1,510,416)	(60,933)
Other Income (Expense), Net	2,192	(4,412)	(24,766)	1,719
Total Other Expense, Net	(506,649)	(68,363)	(1,535,182)	(795,156)
INCOME (LOSS) BEFORE INCOME TAXES	55,874	(494,030)	(1,298,957)	(1,810,028)
INCOME TAX EXPENSE	0	16,310	0	48,930
NET INCOME (LOSS)	$ 55,874	$ (510,340)	$ (1,298,957)	$ (1,858,958)
Net Income (Loss) Per Common Share - Basic and Diluted (in dollars per share)	$ 0.00	$ (0.01)	$ (0.02)	$ (0.05)
Weighted Average Shares Outstanding - Basic (in shares)	57,379,515	45,344,431	55,638,592	35,576,549
Weighted Average Shares Outstanding - Diluted (in shares)	58,815,667	45,344,431	55,638,592	35,576,549