2.4.0.8000130 - Disclosure - 12. Common Stocktruefalsefalse1false falsefalseY13Q2http://www.sec.gov/CIK0001399306duration2013-04-01T00:00:002013-06-30T00:00:001true 1us-gaap_DisclosureTextBlockAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0Notes2false 2fil_COMMONSTOCKfil_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse0012. COMMON STOCK   Effective January 14, 2008, the Company split its common stock on a twenty-for-one basis. All shareholders as of the record date of January 14, 2008 receive twenty shares of common stock in exchange for each one common share of their currently issued common stock. The authorized, issued and per share information presented is on a post-split basis. On January 14, 2008, the Companys total paid-in capital was less than the product of the par value per share multiplied by the number of post-split shares outstanding. As a result, the shareholders may have an obligation to make up the shortfall of $7,735 should the shortfall not be otherwise eliminated.   On March 9, 2010, the Company issued 1,250,000 shares pursuant to a subscription at a price of $0.40 per share for total proceeds of $500,000.   On April 5, 2010, the Company cancelled 18,002,000 shares surrendered for cancellation by the former CEO and majority shareholder of the Company pursuant to an agreement effective March 17, 2010 (Note 8).   On May 14 and September 28, 2010, 134,420 and 266,667 shares, respectively, were issued at $0.48 pursuant to a Securities Purchase Agreement. $400,000 cash was realized.   Pursuant to consulting agreements with two advisors, common stock was issued for services:   <div align="center"> <table border="0" cellspacing="0" cellpadding="0" width="70%" style='line-height:115%;width:70.0%;border-collapse:collapse'> <tr align="left"> <td valign="bottom" style='background:white;padding:0in 0in 1.0pt 5.4pt'> Date Issued </td> <td valign="bottom" style='background:white;padding:0in 0in 1.0pt 0in'>   </td> <td valign="bottom" style='border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 0in 5.4pt'> Shares </td> <td valign="bottom" style='background:white;padding:0in 0in 1.0pt 0in'>   </td> <td valign="bottom" style='background:white;padding:0in 0in 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;border-bottom:solid black 1.0pt;background:white;padding:0in 0in 0in 5.4pt'> Price Per Share </td> <td valign="bottom" style='background:white;padding:0in 0in 1.0pt 0in'>   </td> <td valign="bottom" style='background:white;padding:0in 0in 0in 5.4pt'>   </td> <td valign="bottom" style='border:none;border-bottom:solid black 1.0pt;background:white;padding:0'>   </td> <td valign="bottom" style='border:none;border-bottom:solid black 1.0pt;background:white;padding:0'> Expense </td> <td valign="bottom" style='background:white;padding:0in 0in 1.0pt 0in'>   </td> </tr> <tr align="left"> <td width="31%" valign="bottom" style='width:31.0%;background:#CCEECC;padding:0in 0in 0in 5.4pt'> June 30, 2010 </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEECC;padding:0'>   </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEECC;padding:0'>   </td> <td width="18%" valign="bottom" style='width:18.0%;background:#CCEECC;padding:0'>          50,000 </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEECC;padding:0'></td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEECC;padding:0'></td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEECC;padding:0'></td> <td width="18%" valign="bottom" style='width:18.0%;background:#CCEECC;padding:0'>               0.82 </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEECC;padding:0'></td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEECC;padding:0'></td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEECC;padding:0'></td> <td width="24%" valign="bottom" style='width:24.0%;background:#CCEECC;padding:0'>    $            40,950 </td> <td width="1%" valign="bottom" style='width:1.0%;background:#CCEECC;padding:0'>   </td> </tr> <tr align="left"> <td valign="bottom" style='background:white;padding:0in 0in 0in 5.4pt'> October 18, 2010 </td> <td valign="bottom" style='background:white;padding:0'>   </td> <td valign="bottom" style='background:white;padding:0'>   </td> <td valign="bottom" style='background:white;padding:0'>          50,000 </td> <td valign="bottom" style='background:white;padding:0'></td> <td valign="bottom" style='background:white;padding:0'></td> <td valign="bottom" style='background:white;padding:0'></td> <td valign="bottom" style='background:white;padding:0'>               0.39 </td> <td valign="bottom" style='background:white;padding:0'></td> <td valign="bottom" style='background:white;padding:0'></td> <td valign="bottom" style='background:white;padding:0'></td> <td valign="bottom" style='background:white;padding:0'>    $            19,500 </td> <td valign="bottom" style='background:white;padding:0'>   </td> </tr> <tr align="left"> <td valign="bottom" style='background:#CCEECC;padding:0in 0in 0in 5.4pt'> November 15, 2010 </td> <td valign="bottom" style='background:#CCEECC;padding:0'>   </td> <td valign="bottom" style='background:#CCEECC;padding:0'>   </td> <td valign="bottom" style='background:#CCEECC;padding:0'>        150,000 </td> <td valign="bottom" style='background:#CCEECC;padding:0'></td> <td valign="bottom" style='background:#CCEECC;padding:0'></td> <td valign="bottom" style='background:#CCEECC;padding:0'></td> <td valign="bottom" style='background:#CCEECC;padding:0'>               0.39 </td> <td valign="bottom" style='background:#CCEECC;padding:0'></td> <td valign="bottom" style='background:#CCEECC;padding:0'></td> <td valign="bottom" style='background:#CCEECC;padding:0'></td> <td valign="bottom" style='background:#CCEECC;padding:0'>    $            58,500 </td> <td valign="bottom" style='background:#CCEECC;padding:0'>   </td> </tr> </table> </div>       On January 3, 2011, 6,000,000 shares of restricted common stock were issued for services at $0.02 per share; whereby an expense of $93,000 was recorded.   On February 1, 2011, 1,300,000 shares of common stock were issued at $0.05 per share in retirement of debt of $63,471. The loss on the transaction was de minimus.   On February 1, 2011, 62,000,000 shares of common stock were issued at $0.12 per share in exchange for stock of a subsidiary, acquiring an oil and gas property of $7,368,900. See Note 1.   On August 18, 2011, 500,000 shares of common stock were issued at $0.10 per share for consulting. An expense of $15,000 was recorded.   Between August 29 and September 21, 2011, 9,406,149 common shares were issued at $0.01, $0.02 and $0.03 per share in elimination of $55,000 notes payable. A loss of $32,814 was recorded.   Between November 28 and December 8, 2011, 11,295,545 common shares were issued at $0.10, $0.006 and $0.008 per share in elimination of $55,000 notes payable. A loss of $32,814 was recorded.   On December 2, 2011, 12,000,000 shares were issued for consulting at $0.008 per share. An expense of $96,000 was recorded.   On January 1, 2012, 3,198,528 shares were returned to Treasury and cancelled in a preliminary transaction further to a consulting agreement.   Between January 1 and February 8, 2012, 12,815,862 common shares were issued at $0.008, $0.009 and $0.010 per share in elimination of $115,000 notes payable. A loss of $2,803 was recorded.   On February 2, 2012, 1,684,427 shares of common stock were issued at $0.01 per share for consulting. An expense of $16,845 was recorded.   On January 31, 2012, 22,200,000 shares of common stock were issued at $0.01 per share in converting 111,000 shares of Series A preferred stock to common stock. The value of the common stock equated to that of the preferred stock, resulting in no gain or loss on the transaction.   As at March 31, 2012, 1,500,000,000 common shares of par value $0.001 were authorized, of which 201,944,542 were issued and outstanding, (135,241,087 as at March 31, 2011).   On April 23, 2012, 16,000,000 shares of common stock were issued in an exchange for 80,000 of Series A Preferred Stock. The stocks exchanged had equal value, resulting in no gain or loss on the transaction.   On May 17, 2012, 1,514,101 shares of common stock were issued for consulting valued at the closing price on the day of $0.01 per share. An expense of $15,141 was recorded.   On May 23, 2012, 2,500,000 shares of common stock were issued for consulting pursuant to an employment agreement, valued at the closing price on the day of $0.01. An expense of $25,000 was recorded.   On June 11, 2012, 1,000,000 shares of common stock were issued at the closing price of $0.01 pursuant to a loan agreement with Vista Capital Investments. An expense of $10,000 was recorded.   Between July 12 and September 18, 2012, 25,715,010 shares of common stock were issued in the elimination of debt at the uniform price of $0.01. An expense of $164,550 was recorded.   On August 14, 2012, 65,600,000 shares of common stock were issued in an exchange for 328,000 of Series A Preferred Stock. The stocks exchanged had equal value, resulting in no gain or loss on the transaction.   On October 12, 2012, 125,000 shares of Series A Preferred Stock were converted into 25,000,000 shares of common stock at the conversion ratio of .005 preferred to 1 common.   The stocks exchanged had equal value, resulting in no gain or loss on the transaction.   From October 1, 2012 to December 31, 2012, the holders of a convertible notes converted a total of $92,600 of principal and interest into 49,508,657 shares of our common stock.   From January 1, 2013 to March 31, 2013, the holders of a convertible notes converted a total of $97,920 of principal and interest into 177,789,278 shares of our common stock.   From April 1, 2013 to June 30, 2013, the holders of a convertible notes converted a total of $35,100 of principal   into 136,159,247 shares of our common stock.  falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false012. 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