BALANCE SHEETS (USD $)	Sep. 30, 2013	Dec. 31, 2012
Current Assets
Cash and Cash Equivalents	$ 2,462,511	$ 1,489,930
Accounts Receivable, net	3,700,285	3,969,160
Prepaid Expenses	852,963	469,038
Available for Sale Securities	16,448	0
Inventory	322,456	612,464
Total Current Assets	7,354,663	6,540,592
Other Assets	946	6,946
Oil and Gas Properties, at cost, (successful efforts basis), Equipment and Fixtures	9,954,859	10,955,797
Total Assets	17,310,468	17,503,335
Current Liabilities:
Accounts Payable and Accrued Expenses	4,286,513	4,932,468
Current Portion of Long-Term Debt, Net of Discount	0	2,258,668
Current Portion of Deferred Tax Liability	1,775	1,775
Deferred Revenue from Turnkey Drilling	7,247,071	8,693,743
Total Current Liabilities	11,535,359	15,886,654
Noncurrent Liabilities:
Asset Retirement Obligation	937,990	954,088
Total Noncurrent Liabilities	937,990	954,088
Total Liabilities	12,473,349	16,840,742
Stockholders' Equity:
Common Stock, no par value, 20,000,000 shares authorized, 14,635,362 and 12,545,465 shares issued and outstanding , respectively	37,412,870	33,247,571
Convertible preferred stock, Series AA, no par value, 147,500 shares authorized; 52,784 and 52,784 shares issued and outstanding, respectively	154,014	154,014
Accumulated Deficit	(33,043,565)	(34,186,930)
Accumulated Other Comprehensive Income	9,945	0
Paid in Capital	303,855	1,447,938
Total Stockholders' Equity	4,837,119	662,593
Total Liabilities and Stockholders' Equity	$ 17,310,468	$ 17,503,335