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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating Activities:  
Net income (loss)$ 1,677,512$ (964,773)
Adjustments to reconcile net income (loss) to net cash used in operating activities:  
Depletion, depreciation and amortization406,891463,806
Gain on sale of property and equipment(3,267,070) 
Recovery on previous allowance for doubtful loan receivable (201,000)
Accretion of asset retirement obligations98,88488,678
Stock-based compensation60,000113,760
Changes in operating assets and liabilities:  
Accounts receivable(118,359)(62,357)
Prepaid expenses and other assets129,908171,695
Abandonment costs incurred(336,227)(38,996)
Accounts payable, accrued expenses and other current liabilities(42,777)11,305
Net cash used in operating activities(1,391,238)(417,882)
Investing Activities:  
Purchases of property and equipment(216,172)(58,719)
Proceeds from sale of property and equipment3,750,000 
Net cash provided by (used in) investing activities3,533,828(58,719)
Financing Activities:  
Payments on insurance finance note(124,936)(173,479)
Net cash used in financing activities(124,936)(173,479)
Net increase (decrease) in cash and cash equivalents2,017,654(650,080)
Cash and Cash Equivalents at Beginning of Period625,8541,016,483
Cash and Cash Equivalents at End of Period2,643,508366,403
Non-cash investing and financing activities  
Purchase of property and equipment with company stock 685,714
Property and equipment acquired as partial settlement of loan receivable 201,000
Increase in asset retirement obligation and property and equipment $ 391,369