Commitments and Contingencies

12 Months Ended

Dec. 31, 2013

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

Operating Leases

The Company leased office space in Calgary, Alberta.  During 2011, 2012 and 2013, rent expense of $121,500 ;$112,276 and $107,619 , respectively, was incurred related to this lease. In July 2011, the Company leased office space in Dickinson, North Dakota. During 2011, 2012 and 2013, rent expense of $9,250; $23,800, and $26,073, respectively was incurred related to this lease. This lease expires on August 31, 2014. The Company leases office space in Lusk, Wyoming. For each of the years 2011, 2012 and 2013, rent expense of $9,000 was incurred on this lease. The lease expires on December 31, 2016.

Litigation and Contingencies

From time to time, the Company is involved in litigation relating to claims arising out of its operations in the normal course of business.  At December 31, 2013, the Company was not engaged in any legal proceedings that are expected, individually or in the aggregate, to have a material adverse effect on the Company.