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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended 196 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Cash Flows From Operating Activities:      
Net loss $ (1,042,474) $ (1,224,552) $ (80,437,145)
Adjustments to reconcile net loss to net cash used by operating activities:      
Depreciation and depletion expense 3,844 8,573 1,512,381
Provision for loss on deposits 0 0 5,292,896
Write-offs and abandonments 0 0 7,742,128
Deferred income taxes 0 0 (2,018,398)
Compensatory stock options 0 0 1,308,240
Gain from settlement 0 0 (617,310)
Gain on sale of partial interest in DRSTP concession 0 0 (30,102,250)
Amortization of beneficial conversion feature associated with convertible debt 0 0 2,793,929
Amortization of deferred compensation 0 0 1,257,863
(Gain ) loss on extinguishment of debt 0 0 5,669,500
Stock issued for services 0 0 20,897,077
Stock issued for settlements 0 0 225,989
Stock issued for officer bonuses 19,755 19,755 5,214,450
Stock issued for interest and penalties on convertible debt 0 0 10,631,768
Stock issued for board compensation 0 0 2,652,449
Changes in operating assets and liabilities:      
Prepaid expenses and other current assets 88,154 63,913 (193,985)
Accounts payable and other accrued liabilities (142,359) (238,771) (2,694,976)
Accrued retirement obligation 0 0 365,000
Net cash used in operating activities (1,073,080) (1,371,082) (50,500,394)
Cash Flows From Investing Activities:      
Purchase of long-term investment 0 0 (5,292,896)
Purchase of oil and gas concessions 0 0 (7,355,031)
Proceeds from sale of partial interest in DRSTP concession 0 0 45,900,000
Purchase of U.S. Treasury Bills and accrued interest (795) (2,764) (5,008,241)
Purchase of investment in marketable equity securities 0 0 (1,350,000)
Purchase of restricted certificate of deposit 0 0 (131,000)
Proceeds from sale of restricted certificate of deposit 131,000 0 131,000
Purchase of furniture and equipment 0 (3,927) (962,535)
Net cash provided by (used in) investing activities 130,205 (6,691) 25,931,297
Cash Flows From Financing Activities:      
Proceeds from warrants exercised 0 0 160,000
Proceeds from common stock, net of expenses 0 1,821,500 8,776,549
Proceeds from line of credit, related party 0 0 2,750,000
Proceeds from non-convertible debt, related party 0 0 158,700
Proceeds from convertible debt, related party 0 0 8,207,706
Proceeds from sale of convertible debt 0 0 9,019,937
Proceeds from bank borrowing 0 0 175,000
Proceeds from stockholder loans 0 0 1,845,809
Proceeds from stock subscription Receivable 0 0 913,300
Repayment of shareholder loans 0 0 (1,020,607)
Repayment of long-term debt 0 0 (223,021)
Net cash provided by financing activities 0 1,821,500 30,763,373
Net increase (decrease) in cash and cash equivalents (942,875) 443,727 6,194,276
Cash and cash equivalents, beginning of period 7,137,151 12,913,249 0
Cash and cash equivalents, end of period $ 6,194,276 $ 13,356,976 $ 6,194,276