XML 25 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6
COMMODITY DERIVATIVES (Details) (USD $)
12 Months Ended
Dec. 31, 2012
Commodity derivative positions to hedge our oil production price risk  
Realized gain on derivatives $ 254,151
NYMEX -WTI Collars January 2012 - June 2012 [Member]
 
Commodity derivative positions to hedge our oil production price risk  
Daily Volume (in Barrels) 200
Total Volume (in Barrels) 18,200
Floor (in dollars per Barrel) 95.00
Ceiling (in dollars per Barrel) 106.50
NYMEX -WTI Collars July 2012 - December 2012 [Member]
 
Commodity derivative positions to hedge our oil production price risk  
Daily Volume (in Barrels) 200
Total Volume (in Barrels) 18,400
Floor (in dollars per Barrel) 95.00
Ceiling (in dollars per Barrel) 110.30