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Consolidated Statements of Cash Flows (USD $)
9 Months Ended 716 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Operating activities:      
Net loss $ (157,856) $ (204,335) $ (40,405,226)
Adjustments to reconcile net loss to net cash used in operating activities:      
Gain on settlement     (8,124,016)
Goodwill impairment     801,823
Minority interest     (602,949)
Depreciation   1,374 12,973
Write off of unproved properties     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:      
Accounts payable and accrued liabilities 127,725 159,100 1,503,756
Net cash used in operating activities (30,131) (43,861) (36,874,976)
Investing activities:      
Additions to oil, gas, and mineral properties net of assets acquired for common stock and reimbursements   (30,898) (6,652,219)
Well drilling costs   (3,335) (1,285,992)
Sale of unproved nonoperating interests     512,595
Net proceeds from settlement     8,124,016
Proceeds from relinquishment of surface rights     246,733
Purchase of certificate of deposit (127) (259) (141,100)
Redemption of certification of deposit     54,655
Purchase of minority interest in CPC     (801,823)
Purchase of fixed assets     (74,623)
Net cash used in investing activities (127) (34,492) (17,758)
Financing activities:      
Notes payable proceeds     184,988
Repayment of loans     (159,988)
Sale of common stock net of expenses 28,969 70,000 31,442,080
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 28,969 70,000 36,898,829
Net increase (decrease) in cash and cash equivalents (1,289) (8,353) 6,095
Cash and cash equivalents at beginning of period 7,384 17,043  
Cash and cash equivalents at end of period $ 6,095 $ 8,690 $ 6,095