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Consolidated Statements of Cash Flows (USD $)
12 Months Ended 707 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Operating activities:      
Net loss $ (3,084,694) $ (305,706) $ (40,247,370)
Adjustments to reconcile net loss to net cash used in operating activities:      
Gain on settlement     (8,124,016)
Goodwill impairment     801,823
Stock issued for services     (602,949)
Depreciation 1,374 2,521 12,973
Write off of unproved properties 2,801,238   9,491,990
Common stock issued for services     119,500
Compensation recognized for stock option grant     75,000
Recoveries from previously written off properties     252,173
Net change in:      
Prepaid expenses and other         
Accounts payable and accrued liabilities 128,890 (37,236) 1,376,031
Income taxes payable         
Net cash used in operating activities (153,192) (340,421) (36,844,845)
Investing activities:      
Additions to oil, gas, and mineral properties net of assets acquired for common stock and reimbursements (51,172) (147,795) (6,652,219)
Well drilling costs   (214,981) (1,285,992)
Sale of unproved non-operating interests     512,595
Net proceeds from settlement     8,124,016
Proceeds from relinquishment of surface rights     246,733
Purchase of certificates of deposit (294) (769) (140,973)
Redemption of certificate of deposit     54,655
Purchase of non-controlling interest in subsidiary     (801,823)
Purchase of equipment     (74,623)
Net cash used in investing activities (51,466) (363,545) (17,631)
Financing activities:      
Notes payable proceeds     184,988
Repayment of loans   (48,198) (159,988)
Sale of common stock, net of expenses 194,999 770,000 31,413,111
Stock subscription   (10,000)  
Shares issued upon exercise of options     891,749
Sale of shares by subsidiary     820,000
Sale of subsidiary shares     3,720,000
Net cash provided by financing activities 194,999 711,802 36,869,860
Net (decrease) increase in cash and cash equivalents (9,659) 7,836 7,384
Cash and cash equivalents at beginning of period 17,043 9,207  
Cash and cash equivalents at end of period $ 7,384 $ 17,043 $ 7,384