Statements of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
REVENUES AND GAINS:
Oil and gas sales	$ 3,461,249	$ 4,147,645	$ 6,794,047	$ 7,721,391
Other - deferred revenue				32,479
Total revenues	3,461,249	4,147,645	6,794,047	7,753,870
EXPENSES:
Operating costs	891,666	243,847	1,339,097	980,228
Natural gas marketing and transportation expenses	42,572		49,140
Production taxes	254,241	368,587	388,255	528,958
Depreciation, depletion, amortization	1,679,138	991,938	2,794,639	1,536,058
Impairment of oil & gas properties		1,775,796		1,775,796
Accretion Expense	36,723	29,353	71,702	34,241
General and administrative	263,407	1,561,920	596,128	2,232,990
Total expense	3,167,747	4,971,441	5,238,961	7,088,271
Gain from operations	293,502	(823,796)	1,555,086	665,599
Other income (expense):
Bond issuance amortization				(159,554)
Gain (loss) on derivatives	107,635	1,435,824	(22,557)	961,911
Gain on settlement of debt			858,452
Interest expense	(160,853)	(137,169)	(346,022)	(268,927)
Miscellaneous other income		393		3,872
Total other income (expense)	(53,218)	1,299,048	489,873	537,302
Income before income taxes	240,284	475,252	2,044,959	1,202,901
Current tax benefit		61,932		(180,519)
Deferred tax expense		(61,932)		180,519
Income tax expense
Net loss	$ 240,284	$ 475,252	$ 2,044,959	$ 1,202,901
Net loss per share:
Basic	$ 0.01	$ 0.03	$ 0	$ 0.07
Fully diluted	$ 0.01	$ 0.03	$ 0	$ 0.07
Weighted average shares outstanding:
Basic	16,821,943	16,151,946	0	16,151,946
Fully diluted	16,821,943	16,151,946	0	16,151,946