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CONDENSED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Oil and gas sales$ 900,511 $ 1,248,041 
Operating expenses:    
Production expenses362,560 379,535 
Production taxes101,936 138,939 
General and administrative474,570148,0641,332,556487,594
Depletion of oil and gas properties327,363 431,893 
Accretion of discount on asset retirement obligations154 420 
Depreciation and amortization2,8697438,9511,362
Total operating expenses1,269,452148,8072,292,294488,956
Net operating loss(368,941)(148,807)(1,044,253)(488,956)
Other income (expense):    
Interest income2521,9881,6644,044
Interest (expense)(38,233)(2,889)(63,723)(11,429)
Other income20,410140,88220,410140,882
Loss on disposal of equipment  (1,061) 
Indemnification expenses  (97,986) 
Total other income (expense)(17,571)139,981(140,696)133,497
Loss before provision for income taxes(386,512)(8,826)(1,184,949)(355,459)
Provision for income taxes48,300 380,500 
Net (loss)$ (338,212)$ (8,826)$ (804,449)$ (355,459)
Weighted average number of common shares outstanding - basic and fully diluted (in Shares)45,661,34521,292,33341,364,31821,292,333
Net (loss) per share - basic and fully diluted (in Dollars per share)$ (0.01) $ (0.02)$ (0.02)