Subsequent events	3 Months Ended
Mar. 31, 2013
Subsequent events	10. Subsequent events On April 26, 2013 the Board of Directors declared the 15% dividend on the Series A-1 preferred stock which was paid in cash on April 29, 2013. The Company made arrangements to borrow $1,000,000 from Apex Financial Services Corp, a Colorado corporation (Apex), the principal sum of $1,000,000, with interest accruing at an annual rate of 7.5%, with principal and interest due on May 31, 2014. The Registrant also agreed to assign 75% of its operating income from its oil and gas operations and any lease or well sale or any other assets sales to the Apex to secure the debt. The Apex is 100% owned by the CEO, director, and shareholder of the Company, Nicholas L. Scheidt. The Company borrowed the full amount of principal on the Note, and also paid a loan fee of $10,000 on the Note. In the event of default on the Note and failure to cure the default in ten days, Apex may accelerate payment and the annual interest rate on the Note will accrue at 18%. Default includes failure to pay the Note when due or if the Company borrows any other monies or offers security in the Registrant or in the collateral securing the Note prior to the Note being paid in full. The Company used the proceeds to pay the preferred dividend, the accounts payable from operations currently due, and accrued interest on the outstanding notes payable. The Company had two promissory notes in the amount of $400,000 and the Company has negotiated an extension on both notes for two years to expire March 31, 2015. During the first quarter 2013 the Company participated in drilling a well in Kansas in which they have a 20% working interest and have $133,407 of costs as of March 31, 2013. The costs are carried as part of proved properties on the balance sheet as a well in progress. The Company does not have detailed information as to the results of the well as of May 15, 2013.

10. Subsequent events

On April 26, 2013 the Board of Directors declared the 15% dividend on the Series A-1 preferred stock which was paid in cash on April 29, 2013. The Company made arrangements to borrow $1,000,000 from Apex Financial Services Corp, a Colorado corporation (Apex), the principal sum of $1,000,000, with interest accruing at an annual rate of 7.5%, with principal and interest due on May 31, 2014. The Registrant also agreed to assign 75% of its operating income from its oil and gas operations and any lease or well sale or any other assets sales to the Apex to secure the debt. The Apex is 100% owned by the CEO, director, and shareholder of the Company, Nicholas L. Scheidt. The Company borrowed the full amount of principal on the Note, and also paid a loan fee of $10,000 on the Note. In the event of default on the Note and failure to cure the default in ten days, Apex may accelerate payment and the annual interest rate on the Note will accrue at 18%. Default includes failure to pay the Note when due or if the Company borrows any other monies or offers security in the Registrant or in the collateral securing the Note prior to the Note being paid in full. The Company used the proceeds to pay the preferred dividend, the accounts payable from operations currently due, and accrued interest on the outstanding notes payable. The Company had two promissory notes in the amount of $400,000 and the Company has negotiated an extension on both notes for two years to expire March 31, 2015.

During the first quarter 2013 the Company participated in drilling a well in Kansas in which they have a 20% working interest and have $133,407 of costs as of March 31, 2013. The costs are carried as part of proved properties on the balance sheet as a well in progress. The Company does not have detailed information as to the results of the well as of May 15, 2013.