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NOTE 3 - OIL AND GAS PROPERTIES, EQUIPMENT AND FIXTURES (Tables)
 9 Months Ended
Sep. 30, 2013
Oil and Gas Exploration and Production Industries Disclosures [Abstract]  
Schedule of Oil and Gas Properties, Equipment and Fixtures [Table Text Block] Oil and gas properties, equipment and fixtures consist of the following:

   
September 30, 2013
(Unaudited)
   
December 31,
2012
(Audited)
 
Oil and Gas
           
Producing properties, including drilling costs
 
$
25,170,304
   
$
24,327,806
 
Undeveloped properties
   
2,877,378
     
4,034,292
 
Lease and well equipment
   
9,838,582
     
9,724,602
 
     
37,886,264
     
38,086,700
 
                 
Accumulated depletion, depreciation & amortization
   
(28,525,710
) 
   
(27,756,493
) 
     
9,360,554
     
10,330,207
 
Commercial and Other
               
Real estate, including furniture and fixtures
 
$
502,344
   
$
502,344
 
Vehicles
   
120,314
     
151,669
 
Furniture and equipment
   
1,300,803
     
1,299,300
 
     
1,923,461
     
     1,953,313
 
Accumulated depreciation
   
(1,329,156
) 
   
(1,327,723
) 
     
594,305
     
625,590
 
                 
   
$
9,954,859
   
$
10,955,797