XML 21 R43.htm IDEA: XBRL DOCUMENT v2.4.0.6
Subsequent Events (Details) (USD $)
1 Months Ended 6 Months Ended 6 Months Ended 0 Months Ended 1 Months Ended 6 Months Ended
Jul. 31, 2012
Jun. 30, 2012
Jul. 10, 2012
Jun. 29, 2012
Aug. 09, 2012
Chairman and Chief Executive Officer [Member]
Jul. 31, 2012
Chairman and Chief Executive Officer [Member]
Jul. 17, 2012
Chairman and Chief Executive Officer [Member]
Jun. 30, 2012
Series B Debentures [Member]
Oct. 21, 2011
Series C Preferred Stock [Member]
Jul. 31, 2012
Series C Preferred Stock [Member]
May 31, 2012
Series C Preferred Stock [Member]
Jun. 30, 2012
Series C Preferred Stock [Member]
Jul. 26, 2012
Series C Preferred Stock [Member]
Subsequent Event (Textual) [Abstract]                          
Registered shares of Series C Cumulative Preferred Stock                   425,000      
Series C Cumulative Preferred Stock                 10.00% 10.00% 10.00% 10.00%  
Liquidation preference per share                   $ 25.00      
Public offering Price Per Share                   $ 21.00     $ 21.00
Net proceeds from the offering                   $ 8,300,000      
cash paid to acquire Blue Water 675,000                        
Cash previously paid 765,000                        
10% Series C Preferred Stock issued 500,000                        
Option under option and pledge agreement, shares issued   242,471   242,471                  
Option under option and pledge agreement, value of shares issued   512,000   512,000                  
Net liabilities of the previous owner of the wells 75,000                        
Repair and cleanup of the well sites prior to exercising the option   157,000                      
Series B Debentures converted into Series C Preferred Stock value   295,000           295,000          
Series B Debentures converted into Series C Preferred Stock Share   13,273                      
Accrued and unpaid payroll     50,000                    
Common stock     27,322                    
Borrowings on promissory notes due to our Chairman and Chief Executive Officer         $ 1,300,000 $ 500,000 $ 30,000