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STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 6 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2012
Sep. 30, 2013
Revenue        
Oil and gas sales $ 581,762 $ 102,537 $ 524,881 $ 1,898,134
Management fees 48,000       112,000
Total revenues 629,762 102,537 524,881 2,010,134
Operating expenses:        
Lease operating expenses 175,657 126,387 235,328 604,088
Production taxes 24,080 13,583 29,205 88,344
Depreciation, depletion and amortization 42,645 16,653 49,960 117,725
General and administrative expenses 599,136 229,438 511,186 1,588,894
Total operating expenses 841,518 386,061 825,679 2,399,051
Loss from operations (211,756) (283,524) (300,798) (388,917)
Other income (expense)        
Other Income          22,000
Interest income 1,000       3,014
Interest expense (4,836)       (4,837)
Total other income (3,836)       20,177
Loss from continuing operations before income taxes (215,592) (283,524) (300,798) (368,740)
Income taxes            
Net loss from continuing operations (215,592) (283,524) (300,798) (368,740)
Discontinued operations        
Income from operations of discontinued property            
Gain on disposal of property          127,478
Income from discontinued operations          127,478
Net loss $ (215,592) $ (283,524) $ (300,798) $ (241,262)
Net loss from continuing operations       $ (0.04) $ (0.03)
Net income from discontinued operations        
Basic and diluted          $ 0.01
Net loss per common share        
Basic and diluted $ (0.02) $ (0.04) $ (0.04) $ (0.02)
Weighted average number of common shares        
Basic and diluted 11,462,713 8,081,137 8,539,160 11,306,667