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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net loss $ (4,614,183) $ (199,240)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and depletion 2,106  
Amortization of deferred financing costs 1,125  
Amortization of debt discount 9,260  
Gain on legal settlements - liens 11,136  
Impairment of goodwill 4,641,061  
Unrealized gain on change in derivative value (197,264)  
Changes in operating assets and liabilities:    
Accounts receivable 316,847 (9,006)
Accounts payable - trade (36,814) 11,542
Accrued expenses (19,193) 15,905
Accrued expenses - related parties 62,975  
Net cash used in operating activities 154,784 (180,799)
Cash flows from investing activities:    
Additions to oil and gas properties (178,101) (808,236)
Proceeds from sale of oil and gas properties 66,529 100,000
Reverse acquisition - cash acquired 832  
Net cash used in investing activities (110,740) (708,236)
Cash flows from financing activities:    
Proceeds from issuance of short term debt - related parties 180,000 557,241
Payments made on short term debt - related parties (36,000) (36,082)
Payments made on short term debt (15,000)  
Proceeds from sale of common stock 405,310  
Members' contributions   334,904
Net cash provided by financing activities 534,310 856,063
Net change in cash and cash equivalents 578,354 (32,972)
Cash and cash equivalents, at beginning of period 414 34,386
Cash and cash equivalents, at end of period 578,768 1,414
Supplemental cash flow information:    
Interest paid 39,875 15,904
Taxes paid    
Non cash investing and financial activities:    
Derivative liability valuation 438,680  
Common stock issued for reverse acquisition 1,775,262  
Change in asset retirement obligation   $ 42,000