Consolidated Balance Sheets (USD $)	Jun. 30, 2011	Dec. 31, 2010
Assets
Cash and cash equivalents		$ 17,043
Total current assets		17,043
Certificates of deposit - Restricted	86,194	86,024
Petroleum leases	2,809,299	2,775,066
Equipment, net	114	1,374
Total assets	2,895,607	2,879,507
Liabilities and Shareholders' Equity
Accounts payable and accrued liabilities	289,086	273,813
Notes payable	25,000	25,000
Amounts due to related parties	1,056,448	967,292
Total current liabilities	1,370,534	1,266,105
Shareholders' equity
Common stock, par value $.12 per share: Authorized - 250,000,000 shares Outstanding - 71,518,746 and 70,661,604 shares, respectively	8,582,249	8,479,392
Discount on common stock	(1,885,482)	(1,842,625)
Capital in excess of par value	32,139,311	32,139,311
Stock subscription receivable	(8,000)
Shareholders' equity before accumulated deficit	38,828,078	38,776,078
Deficit accumulated during the development stage	(37,303,005)	(37,162,676)
Total shareholders' equity	1,525,073	1,613,402
Total liabilities and shareholders' equity	$ 2,895,607	$ 2,879,507