STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss)	$ (2,482,255)	$ (738,504)
Adjustments to reconcile net (loss) to net cash used in operating activities:
Bad debts expense		798,593
Depletion of oil and gas properties	919,631
Depreciation and amortization	14,043	2,105
Impairment of oil and gas properties	2,392,742
Accretion of discount on asset retirement obligations	509
Loss on disposal of equipment	1,061
Loss on sale of debt securities		8,363
Common stock granted for services	43,120
Common stock warrants granted	74,022
Common stock warrants granted, related parties	13,062
Common stock options granted, related parties	710,740	77,500
Decrease (increase) in assets:
Accounts receivable	(657,163)	98,156
Prepaid expenses	(84,217)	(8,431)
Contingent consideration receivable	463,398	182,335
Increase (decrease) in liabilities:
Accounts payable	73,202	(357,838)
Accounts payable, related parties	(67,571)
Accrued expenses	(47,267)	47,267
Royalties payable	(23,169)	(11,343)
Deferred tax liability	(1,680,905)	(451,400)
Net cash used in operating activities	(337,017)	(353,197)
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sale of oil and gas properties	336,925
Cash acquired in spin-off from Ante4, Inc.		258,712
Proceeds from sale of short term investments		3,700,000
Purchases and increases in oil and gas properties	(12,731,225)	(3,090,569)
Purchases of other property and equipment	(78,489)
Net cash provided by (used in) investing activities	(12,472,789)	868,143
CASH FLOWS FROM FINANCING ACTIVITIES
Principal payments on line of credit		(2,437,336)
Principal payments on note payable		(500,000)
Proceeds from the sale of common stock, net of $526,444 of offering costs	5,616,057	11,000,000
Proceeds from the exercise of common stock options	17,280
Net cash provided by financing activities	5,633,337	8,062,664
NET CHANGE IN CASH	(7,176,469)	8,577,610
CASH AT BEGINNING OF PERIOD	8,577,610
CASH AT END OF PERIOD	1,401,141	8,577,610
SUPPLEMENTAL INFORMATION:
Interest paid	66,921	10,210
Income taxes paid
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Purchase of oil and gas properties paid subsequent to period-end	2,422,150
Purchase of oil and gas properties through issuance of common stock	4,940,269	1,252,820
Capitalized asset retirement obligations	$ 3,391