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Condensed Consolidated Statements of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net loss $ (1,464,567) $ (2,566,288)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation, depletion and amortization 711,130 244,506
Accretion of asset retirement obligation 129,488 135,923
Foreign exchange (gain)/loss (463,176) 484,438
Noncash compensation expense 0 397,787
Amortization of deferred financing costs 145,661 287,040
Amortization of debt discount 963,831 285,403
(Gain)/loss on debt extinguishment 39,953 (56,962)
Changes in components of working capital:    
Accounts receivable (40,155) (169,062)
Oil inventory 4,676 (3,070)
Prepaid expenses and other current assets 18,446 (20,589)
Accounts payable, revenues payable, accrued liabilities and interest (185,486) (152,254)
Net cash used in operating activities (140,199) (1,133,128)
Cash flows from investing activities:    
Purchase and development of oil and gas properties (130,847) (1,183,008)
Net cash used in investing activities (130,847) (1,183,008)
Cash flows from financing activities:    
Payment of notes payable (1,811,700) (1,326,047)
Payment of notes payable-related party (74,444) (27,778)
Proceeds from issuance of notes payable 1,749,568 1,451,627
Proceeds from issuance of notes payable- related party 505,000 2,250,000
Shares issued for private placement 0 420,000
Payment of deferred financing costs (125,000) (115,000)
Net cash provided by financing activities 243,424 2,652,802
Increase in cash and cash equivalents (27,622) 336,666
Cash beginning of period 31,177 0
Cash end of period 3,555 336,666
Supplemental disclosures:    
Interest paid 330,663 267,907
Taxes paid 7,500 5,000
Non cash investing and financing activities:    
Debt issued for restricted cash 0 497,000
Purchase of oil and gas properties in accounts payable 139,143 1,450,635
Deferred financing cost due to warrants issued 0 68,046
Debt discount due to liquidation rights transferred 0 39,619
Deferred financing cost due to common shares issued 0 110,776
Debt discount due to common shares issued 0 129,240
Debt discount due to fees related to TCA debt 606,320 100,000
Related party debt discount due to conversion option and warrants issued 0 881,314
Asset retirement obligation revision $ 39,573 $ 0