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CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2011
Dec. 31, 2010
CURRENT ASSETS  
Cash and cash equivalents$ 223,231$ 111,572
Accounts receivable, net88,38974,828
Accounts receivable - related party26,333 
Prepaid expenses7,50224,898
Total current assets345,455211,298
FIXED ASSETS  
Furniture and equipment10,6232,294
Accumulated depreciation(2,885)(2,294)
Total furniture and fixtures, net7,738 
Option to acquire leases and mineral interests25,00025,000
Oil and natural gas properties1,884,3801,466,813
Accumulated depletion(993,263)(953,084)
Oil and natural gas properties, net916,117538,729
OTHER ASSETS  
Funds held at court13,00613,006
TOTAL ASSETS1,282,316763,033
CURRENT LIABILITIES  
Accounts payable11,661342,285
Accounts payable - related parties98,421 
Accrued interest92,22210,501
Accrued liabilities95,72474,088
Line of credit - bank 68,667
Notes payable - related parties 50,000
Liability for unauthorized preferred stock issued32,16485,654
Total current liabilities330,192631,195
OTHER LIABILITIES  
Senior convertible debenture, net of debt discount386,682127,338
Deferred tax liability543,352238,000
Asset retirement obligation27,28227,282
TOTAL LIABILITIES1,287,5081,023,815
STOCKHOLDERS' DEFICIT  
Common Stock, $0.001 par value, 490,000,000 shares authorized, 382,307,294 and 136,719,608 issued and outstanding respectively382,308136,720
Additional paid in capital34,414,32731,740,090
Accumulated deficit(34,801,827)(32,137,592)
TOTAL STOCKHOLDERS' DEFICIT(5,192)(260,782)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT$ 1,282,316$ 763,033