Condensed Consolidated Balance Sheets (USD $)	Aug. 31, 2011	May 31, 2011
Current assets:
Cash and cash equivalents	$ 391,494	$ 120,860
Restricted Cash	100,000
Due From Related Party	25,160
Notes Receivable
Prepaids and other current assets	295,257	5,001
Total Current Assets	1,578,678	662,051
Long Term Investments:
Investment in Cross Border Resources, Inc.	4,763,915	6,042,869
Oil and Gas Properties, Successful Efforts Method
Proved Properties	9,946,521	9,292,797
Unproved Properties	4,707,973	239,393
Other Property & Equipment, net	211,008
Less Accumulated Depreciation and Depletion	(997,063)	(716,655)
Oil and Gas Properties, net	13,868,439	8,815,535
Due from related party		25,090
Security Deposit	50,479	10,805
Total Assets	20,261,511	15,556,350
Current Liabilities:
Accounts Payable	1,196,654	487,558
Accounts Payable - Related Party		3,079
Accrued Expenses	1,409,031	126,874
Stock Issuance Liability	238,123	600,000
Line of Credit	1,695,626	2,003,594
Notes Payable	2,848,732	10,000
Warrant Liability	519,943
Total Current Liabilities	9,066,873	11,023,962
Asset Retirement Obligation	261,648	239,536
Total Liabilities	9,328,521	11,263,498
EQUITY
Common Stock	707	270
Additional Paid In Capital	11,369,701
Retained Earnings (Accumulated Deficit)	(1,723,903)	1,453,974
Accumulated Comprehensive Income	1,286,485	2,838,608
Total Stockholders' Equity	10,932,990	4,292,852
Total Liabilities and Stockholders' Equity	20,261,511	15,556,350
Oil and Gas Sales
Current assets:
Accounts Receivable	671,139	536,190
Other
Current assets:
Accounts Receivable	95,628
Current Liabilities:
Notes Payable to Related Party		5,750,000
Shareholders
Current Liabilities:
Notes Payable to Related Party	$ 1,158,764	$ 2,042,857