Condensed Consolidated Balance Sheets (USD $)	Jun. 30, 2014	Dec. 31, 2013
Current assets:
Cash	$ 639,227	$ 1,079,356
Restricted cash	0	228,840
Accounts receivable	2,067,418	2,461,746
Inventory	283,845	238,794
Marketable securities	1,018,673	1,018,573
Deposits and prepaid expenses	625,923	373,994
Total current assets	4,635,086	5,401,303
Non-current assets:
Fixed assets, net of accumulated depreciation of $1,933,122 and $1,785,401	2,298,309	2,406,591
Oil and gas properties using full-cost accounting, net of accumulated DD&A	61,572,679	61,349,403
Other non-current assets	813,143	834,180
Total non-current assets	64,684,131	64,590,174
Total assets	69,319,217	69,991,477
Current liabilities:
Accounts payable	2,278,920	2,424,009
Accrued liabilities	1,537,922	3,070,461
Derivative liability	1,721,093	1,011,708
Total current liabilities	5,537,935	6,506,178
Asset retirement obligation	2,786,906	2,687,801
Long-term debt	19,029,064	31,547,255
Derivative liability	635,392	339,642
Total non-current liabilities	22,451,362	34,574,698
Total liabilities	27,989,297	41,080,876
Commitments & Contingencies
Stockholders' Equity:
Preferred Stock	0	4,780
Common stock, $0.001 par value, 250,000,000 shares authorized; shares issued and outstanding 7,643,114 at June 30, 2014 and 7,281,163 at December 31, 2013	7,643	7,281
Treasury Stock, 383,333 shares	(2,551,000)	(2,551,000)
Paid-in capital	66,190,136	49,913,535
Accumulated other comprehensive income	(552,589)	(552,589)
Retained (deficit)	(21,765,022)	(20,462,406)
Total stockholder’s equity	41,329,920	28,910,601
Total liabilities and stockholders' equity	69,319,217	69,991,477
Series A Preferred Stock [Member]
Stockholders' Equity:
Preferred Stock	$ 752	$ 0