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Condensed Consolidated Statements of Operations and Other Comprehensive Loss (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Oil and gas sales $ 841,458 $ 504,029 $ 2,713,947 $ 1,509,027
Operations income 11,923 11,923 39,989 38,122
Total Reenue 853,381 515,952 2,753,936 1,547,149
Expenses:        
Lease operating expense 227,256 280,962 742,996 791,598
Production taxes 92,747 29,371 270,136 86,373
General and administrative 336,416 421,987 1,193,489 1,580,242
Foreign exchange (gain)/loss 229,110 546,098 (463,176) 484,438
Interest and financing costs 319,302 279,750 842,174 724,198
Related party interest 263,254 88,757 752,313 123,121
Depletion, depreciation and amortization - oil and gas properties 206,937 81,839 696,487 225,841
Accretion of asset retirement obligation 32,903 46,588 129,488 135,923
Depreciation and amortization - other assets 4,881 4,881 14,643 18,665
Total expenses 1,712,806 1,780,233 4,178,550 4,170,399
Other Expense        
Gain (Loss) on debt extinguishment 0 56,962 (39,953) 56,962
Total other expense 0 56,962 (39,953) 56,962
Net loss (859,425) (1,207,319) (1,464,567) (2,566,288)
Other comprehensive loss- net of tax:        
Foreign exchange translation 202,545 512,577 (463,176) 450,917
Other comprehensive loss 202,545 512,577 (463,176) 450,917
Comprehensive loss $ (656,880) $ (694,742) $ (1,927,743) $ (2,115,371)
Basic and diluted loss per share $ (0.03) $ (0.05) $ (0.06) $ (0.12)
Weighted average number of shares outstanding        
Basic 26,405,085 25,949,599 26,405,085 21,033,945
Diluted 26,405,085 25,949,599 26,405,085 21,033,945