XML 10 R4.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Oil$ 187,431$ 178,514$ 561,030$ 526,031
Natural Gas12,36325,00828,75965,495
Gross Revenues199,794203,522589,789591,526
Operating Expense.    
Lease Operating Expenses53,67743,472149,491145,327
Production Taxes9,60910,11428,18329,105
Other Operating Expenses127,169168,219376,318501,347
General & Administrative Expenses97,245162,912394,464454,532
Depreciation, Depletion & Amortization66,83466,566201,448200,429
Total Operating Expenses354,534451,2831,149,9041,330,740
Loss From Operations(154,740)(247,761)(560,115)(739,214)
OTHER INCOME (EXPENSE)    
Interest income4222,5741,5609,383
Loss from Unconsolidated Subsidiary  (20,119) 
Gain (Loss) on Sale of Assets (2,394) (2,394)
Total Other Income (Expense)422180(18,559)6,989
Financing Charges    
Interest Expense156 1,250 
Bank Fees Amortization1,6292,5856,3355,809
Total Financing Charges1,7852,5857,5855,809
Loss before provision for Income Taxes(156,103)(250,166)(586,259)(738,034)
Provision for Income Taxes    
Net Loss$ (156,103)$ (250,166)$ (586,259)$ (738,034)
Net Loss per Share (Basic and Fully Diluted)  $ (0.01)$ (0.01)
Weighted Average Number of Common Shares Outstanding67,060,03065,247,58966,874,91065,104,813