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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Revenues    
Oil and gas sales $ 326,384 $ 305,180
Total revenues 326,384 305,180
Operating Expenses:    
Lease operating costs 126,131 121,580
Dry hole costs 54,678  
Production taxes 24,649 39,156
Exploration 266,514 559,523
General and administrative 2,823,939 2,094,768
Impairment of oil and natural gas properties 344,353 102,579
Depreciation/depletion/accretion 51,172 76,525
Total operating expenses 3,691,436 2,994,131
Loss from operations (3,365,052) (2,688,951)
Other Income (Expense):    
Gain on sale of oil and gas assets 275,489  
Gain on settlement with former officer      
Interest expense (4,009,979) (1,815,038)
Total other income and expense (3,734,490) (1,815,038)
Loss before Tax Benefit (7,099,542) (4,503,989)
Tax benefit    550,292
Net loss (7,099,542) (3,953,697)
Less: Net loss attributable to non-controlling interest (359,864) (399,511)
Net loss attributable to Victory Energy Corporation (6,739,678) (4,105,513)
Weighted average shares, basic and diluted 23,292,609 5,281,307
Net loss per share, basic and diluted $ (0.29) $ (0.75)
Restated [Member]
   
Revenues    
Oil and gas sales   305,180
Total revenues   305,180
Operating Expenses:    
Lease operating costs   121,580
Dry hole costs     
Production taxes   39,156
Exploration   559,523
General and administrative   2,094,768
Impairment of oil and natural gas properties   102,579
Depreciation/depletion/accretion   82,673
Total operating expenses   3,000,279
Loss from operations   (2,695,099)
Other Income (Expense):    
Gain on sale of oil and gas assets     
Gain on settlement with former officer   404,624
Interest expense   (1,815,038)
Total other income and expense   (1,410,414)
Loss before Tax Benefit   (4,105,513)
Tax benefit     
Net loss   (4,105,513)
Less: Net loss attributable to non-controlling interest   (399,511)
Net loss attributable to Victory Energy Corporation   $ (3,706,002)
Weighted average shares, basic and diluted   5,281,307
Net loss per share, basic and diluted   $ (0.70)