XML 21 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements of Operations (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Income Statement [Abstract]    
REVENUES $ 182,292   
OPERATING EXPENSES    
Depletion, depreciation, amortization and accretion expense 204,811  
Lease operating expenses 73,537 2,945
Professional fees 80,004 40,955
General and administrative expenses 21,889 7,107
Total Operating Expenses 380,241 51,007
NET LOSS FROM OPERATIONS (197,949) (51,007)
OTHER EXPENSES    
Gain on derivative liability 11,962   
Interest expense (24,613)   
Total Other Expenses (12,651)   
LOSS BEFORE INCOME TAXES (210,600) (51,007)
PROVISION FOR INCOME TAXES      
NET LOSS $ (210,600) $ (51,007)
BASIC AND DILUTED LOSS PER COMMON SHARE $ 0.00 $ 0.00
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING 161,426,499 120,300,651