XML 39 R49.htm IDEA: XBRL DOCUMENT v2.4.0.8
Commitments and Contingencies (Details) (USD $)
3 Months Ended 12 Months Ended 0 Months Ended 1 Months Ended 0 Months Ended 3 Months Ended 0 Months Ended 3 Months Ended 0 Months Ended 3 Months Ended 0 Months Ended 3 Months Ended 0 Months Ended 3 Months Ended
Jun. 30, 2013
Mar. 31, 2013
Jun. 26, 2013
Public Offering
Jun. 14, 2013
Public Offering
item
Jun. 26, 2013
Series B Warrants
Public Offering
item
Jun. 30, 2013
Subsequent Events
Nov. 30, 2012
Stockholder claims
Aug. 01, 2012
Karlsson Group
Jun. 30, 2013
Karlsson Group
Jun. 30, 2013
Karlsson Group
Karlsson Note Amendment
Apr. 15, 2013
Karlsson Group
Extension Agreement
Jun. 30, 2013
Karlsson Group
Extension Agreement
Jun. 26, 2013
Karlsson Group
Second Extension Agreement
Minimum
item
Apr. 15, 2013
Affiliates of Apollo Global Management, LLC
Apollo Notes
Apr. 15, 2013
Affiliates of Apollo Global Management, LLC
Extension Agreement
Apollo Notes
Jun. 26, 2013
Affiliates of Apollo Global Management, LLC
Second Extension Agreement
Apollo Notes
Jun. 30, 2013
Buffalo Management Llc
Aug. 01, 2012
Buffalo Management Llc
Apr. 15, 2013
Buffalo Management Llc
Extension Agreement
Jun. 30, 2013
Buffalo Management Llc
Extension Agreement
Apr. 15, 2013
Buffalo Management Llc
Extension Agreement
Maximum
Jun. 30, 2013
AWP
Karlsson Group
Aug. 01, 2012
AWP
Karlsson Group
Jun. 30, 2013
AWP
Karlsson Group
Forecast
Commitments and Contingencies                                                
Value of shares purchased by shareholder in public offering $ 2,144,000 $ 66,290,000 $ 5,000,000       $ 10,000,000                                  
Number of underwriters       4                                        
Royalty as a percentage of gross sales granted               2.00%                               15.00%
Percentage of ownership interest held by non-controlling owners               50.00% 50.00%                         50.00% 50.00%  
Cap amount of royalty granted as a percentage of gross sales                                               75,000,000
Percentage of net proceeds of note to be deposited into escrow                   50.00%                            
Proceeds from issuance of capital                   20,000,000                            
Amount to be deposited into escrow                   10,000,000                            
Percentage of gross proceeds agreed to be paid to party to agreement                   10.00%                            
Principal payments payable expressed as a percentage of gross proceeds                           10.00% 10.00% 10.00%                
Combined cost of gross-up payments                   20,000,000                            
Combined cost of gross-up payments included in liability 1,164,000 6,226,000             1,200,000 17,600,000                            
Estimated future combined cost of gross-up payment                   $ 1,200,000                            
Number of wells on which the complete total depth milestone is required                         8                      
Percentage of gross revenue                     1.00% 2.00%         1.00%   2.00% 1.00%        
Percentage of outstanding capital stock issuable to Buffalo                                         10.00%      
Percentage of equity market capitalization redeemable as consideration                                         10.00%      
Commitments to issue additional shares of common stock under existing service contracts 600,000                                              
Commitments to issue additional warrants under existing service contracts 50,000                                              
Commitments to issue additional shares of common stock under existing service contracts due in quarterly increments 75,000                                              
Commitments to issue additional warrants under existing service contracts due in monthly tranches 10,000                                              
Period of each warrant tranche 5 years                                              
Number of warrants issued         42,839,890                                      
Exercise price (in dollars per share)         $ 0.12                         $ 2.60            
Number of additional warrants called by each warrant (in shares)         1                                      
Number of additional shares of common stock and exercisable warrant called by each warrant         1                                      
Expiration period from date of issuance         5 years                                      
Number of shares issued in exchange of amount owed           10,574,107