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Consolidated Statements of Operations (USD $)
3 Months Ended 6 Months Ended 71 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
REVENUES          
Crude oil sales               
OPERATING EXPENSES          
Oil & Gas operating costs 6,943    6,943    6,943
Depreciation 2,423 8,190 5,720 16,382 163,290
General and administrative 18,685 37,828 43,596 76,416 6,126,616
Compensation and professional fees 64,589 264,988 149,743 752,204 139,731,743
Impairment of assets             2,788,538
Total Operating Expenses 92,640 311,006 206,002 845,002 148,817,130
LOSS FROM OPERATIONS (92,640) (311,006) (206,002) (845,002) (148,817,130)
OTHER INCOME (EXPENSE)          
Loss on disposal of assets             (2,915)
Gain on debt forgiveness 165,220    165,220    229,085
Interest income             2,976
Gain/(loss) on investments 557    557    (40,075)
Financing expenses             (400,000)
Interest expense (10,432) (48,278) (27,679) (63,754) (406,324)
Total Other Income (Expense) 155,345 (48,278) 138,098 (63,754) (617,253)
NET INCOME (LOSS) BEFORE INCOME TAXES 62,705 (359,284) (67,904) (908,756) (149,434,383)
PROVISION FOR INCOME TAXES               
NET INCOME (LOSS) 62,705 (359,284) (67,904) (908,756) (149,434,383)
OTHER COMPREHENSIVE INCOME/(LOSS) NET OF TAXES          
Unrealized income (loss) on held for sale marketable securities 394    (2,133)    (1,739)
COMPREHENSIVE INCOME/(LOSS) $ 63,099 $ (359,284) $ (70,037) $ (908,756) $ (149,436,122)
LOSS PER SHARE - BASIC & DILUTED $ 0.01 $ (0.10) $ (0.01) $ (0.26)  
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING 5,954,018 3,477,815 5,932,650 3,452,203