Balance Sheets (Unaudited) (USD $)	Jun. 30, 2013	Dec. 31, 2012
Current Assets
Cash and Cash Equivalents	$ 72,809	$ 241,561
Accounts Receivable - Oil and Natural Gas Sales	4,041,776	3,194,725
Prepaid Expenses & Other Current Assets	345,436	465,223
Derivative Asset - Current Portion	109,042	235,825
Current Tax Asset	19,600	21,737
Total Current Assets	4,588,663	4,159,071
Oil and Gas Properties	54,125,148	48,248,378
Less Accumulated Depletion, Amortization, and Impairment	(18,804,212)	(16,018,892)
Net Oil and Gas Properties	35,320,936	32,229,486
Other Assets
Other Property and Equipment, net of Accumulated Depreciation of $86,509 and $77,190 in 2013 and 2012, respectively	43,960	53,280
Deferred financing costs, net of accumulated amortization of $3,700 and $113,581 in 2013 and 2012, respectively	23,925	101,045
Derivative Asset, net of Current Portion	46,702	54,963
Other Assets	54,324	54,324
Total Other Assets	168,911	263,612
TOTAL ASSETS	40,078,510	36,652,169
Current Liabilities
Accounts Payable - Trade	3,491,850	4,226,547
Accounts Payable - Related Party	409,391	215,495
Interest Payable		130,929
Accrued Expenses & Other Payables	20,510	61,065
Notes Payable - Current		764,278
Creditors Payable - Current Portion		758,167
Environmental Liability - Current Portion	1,420,354	860,000
Asset Retirement Obligation - Current Portion	542,443	452,013
Deferred Tax Liability	19,600	21,737
Total Current Liabilities	5,904,148	7,490,231
Non-Current Liabilities:
Asset Retirement Obligations	2,856,653	2,865,345
Deferred Income Tax Liability
Environmental Liability, Net of Current Portion	667,804	1,240,000
Line of Credit	12,200,000	8,750,000
Creditors Payable, Net of Current Portion		594,616
Total Non-Current Liabilities	15,724,457	13,449,961
Total Liabilities	21,628,605	20,940,192
Commitments & Contingencies (Note 10)
STOCKHOLDERS' EQUITY
Common Stock ($0.001 par value; 99,000,000 authorized and 17,336,226 issued and oustanding as of June 30, 2013 and 16,301,946 as of December 31, 2012)	17,336	16,302
Additional Paid in Capital	33,462,473	32,770,540
Accumulated Deficit	(15,029,904)	(17,074,865)
Total Stockholders' Equity	18,449,905	15,711,977
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 40,078,510	$ 36,652,169