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CONSOLIDATED BALANCE SHEETS (USD $)
Dec. 31, 2011
Dec. 31, 2010
Current    
Cash and cash equivalents (note 20) $ 10,480,734 $ 7,751,105
Restricted deposits (notes 4 and 20) 40,378,075 2,034,000
Accounts receivable (note 20) 19,615,153 2,317,180
Prepaid expenses and deposits (note 20) 573,300 398,404
Total current assets 71,047,262 12,500,689
Restricted deposits (notes 4 and 20) 0 5,018,000
Equity Method Investment (note 5) 1,340,262 0
Property and equipment (notes 6, 11 and 12) 42,580,105 41,375,680
Total assets 114,967,629 58,894,369
Current    
Accounts payable (note 20) 72,356,548 6,834,061
Accrued liabilities 555,236 1,682,504
Due to related companies (note 12) 66,330 27,555
Total current liabilities 72,978,114 8,544,120
Deferred income taxes (note 14) 42,471 61,000
Asset retirement obligation (note 7) 724,241 680,144
Total liabilities 73,744,826 9,285,264
Stockholders ' Equity    
Capital stock (note 9), Authorized 200,000,000 common stock with a par value of $0.001 each 1,000,000 preferred stock with a par value of $0.01 each Issued 99,213,572 common stock (December 31, 2010 - 82,746,933) 84,622 68,155
Additional paid-in capital 101,305,069 97,099,997
Deficit accumulated during the development stage (60,166,888) (47,559,047)
Total stockholders' equity 41,222,803 49,609,105
Total liabilities and stockholders' equity $ 114,967,629 $ 58,894,369