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CONSOLIDATED STATEMENT OF OPERATIONS (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
REVENUES$ 124,890$ 109,130$ 343,040$ 377,429
COSTS AND EXPENSES    
Costs of production65,53338,818201,72490,604
General and administrative expense558,392222,9421,720,471568,144
Depletion and accretion10,16624,98340,77074,949
Gain on settlement with former officer   (404,623)
Total expenses634,091286,7431,962,965329,074
INCOME (LOSS) FROM OPERATIONS(509,201)(177,613)(1,619,925)48,355
OTHER EXPENSE    
Interest expense332,60410,9761,511,01930,097
Total other expense332,60410,9761,511,01930,097
NET INCOME (LOSS) BEFORE TAX BENEFIT(841,805)(188,589)(3,130,944)18,258
TAX BENEFIT76,671 466,703 
NET INCOME (LOSS)$ (765,134)$ (188,589)$ (2,664,241)$ 18,258
Weighted average shares, basic and diluted382,307,294136,719,608224,128,604136,719,608
Net income (loss) per share, basic and diluted$ 0.00$ 0.00$ (0.01)$ 0.00