XML 74 R14.htm IDEA: XBRL DOCUMENT

Gain on Sale of Fixed Assets	12 Months Ended
Dec. 31, 2012
Gain On Sale Of Fixed Asset [Abstract]
Gain On Sale Of Fixed Assets Textblock [Text Block]	8. Gain on Sale of Fixed Assets During 2011, the Company recognized a gain of $1,512 on the sale of a Company owned vehicle. On July 28, 2010, the Company entered into a Purchase and Sale Agreement for the sale of a portion of its Texas joint venture leaseholds. Pursuant to the agreement, the Company agreed to sell to the buyers 5% of the working interest of the Company's Texas joint venture, subject to certain prior agreements and encumbrances. The purchase price for the assigned interest is $320,566. After the sale, the Company continues to own a 7.5% working interest in the assets. The Company recognized a gain on the sale of the Texas leasehold interests in the amount of $320,566. The leasehold interests had been previously fully amortized.

Gain on Sale of Fixed Assets

12 Months Ended

Dec. 31, 2012

Gain On Sale Of Fixed Asset [Abstract]

Gain On Sale Of Fixed Assets Textblock [Text Block]

8. Gain on Sale of Fixed Assets

During 2011, the Company recognized a gain of $1,512 on the sale of a Company owned vehicle. On July 28, 2010, the Company entered into a Purchase and Sale Agreement for the sale of a portion of its Texas joint venture leaseholds. Pursuant to the agreement, the Company agreed to sell to the buyers 5% of the working interest of the Company's Texas joint venture, subject to certain prior agreements and encumbrances. The purchase price for the assigned interest is $320,566. After the sale, the Company continues to own a 7.5% working interest in the assets. The Company recognized a gain on the sale of the Texas leasehold interests in the amount of $320,566. The leasehold interests had been previously fully amortized.