Condensed Consolidated Balance Sheets (USD $)	Feb. 29, 2012	May 31, 2011
ASSETS
Cash and Cash Equivalents	$ 921,991	$ 120,860
Restricted Cash	301,902	0
Accounts Receivable - Oil and Natural Gas Sales	1,461,937	0
Accounts Receivable Other	287,683	0
Inventory	107,156	0
Debt Issuance Costs	505,884	536,191
Prepaids and Other Current Assets	418,798	5,001
Total Current Assets	4,005,351	662,052
Long Term Investments:
Investment in Cross Border Resources, Inc.	9,241,115	4,102,942
Oil and Gas Properties, Successful Efforts Method
Proved Properties	26,002,971	9,292,797
Unproved Properties	1,584,662	239,393
Other Property & Equipment	557,106	0
Less Accumulated Depreciation and Depletion	(1,911,062)	(716,656)
Oil and Gas Properties, net	26,233,677	8,815,534
Other Assets:
Due From Related Party	0	25,090
Security Deposit	27,222	10,805
Total Assets	39,507,365	13,616,423
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts Payable	5,965,955	487,559
Accounts Payable - Related Party	263,423	3,079
Revenues Payable	843,783
Accrued Expenses	636,376	126,874
Stock Issuance Liability	67,945	600,000
Line of Credit	1,137,280	2,003,594
Notes Payable	4,000,000	2,052,857
Notes Payable to Related Party	0	5,750,000
Warrant Liability	2,145,596	0
Total Current Liabilities	15,060,358	11,023,963
Long-term Liabilities:
Convertible Notes Payable, Net of Discount of $1,393,039	1,356,961	0
Notes Payable	2,425,960	0
Asset Retirement Obligation	821,360	239,536
Total Long-term Liabilities	4,604,281	239,536
Total Liabilities	19,664,639	11,263,499
Stockholders' Equity:
Common Stock	826	270
Additional Paid In Capital	24,869,874	0
Retained Earnings (Accumulated Deficit)	(5,027,974)	2,352,654
Total Stockholders' Equity	19,842,726	2,352,924
Total Liabilities and Stockholders' Equity	$ 39,507,365	$ 13,616,423