Organization and Nature of Operations

12 Months Ended

Dec. 31, 2011

Organization and Nature of Operations [Abstract]

Organization and Nature of Operations

1.         Organization and Nature of Operations

The Company is engaged in the pursuit of petroleum and natural gas through exploration and development in India, Israel and Colombia.  The Company is a Delaware corporation with common stock listed and traded on the NYSE Amex Exchange under the symbol GGR.

As of December 31, 2011, the Company has not achieved its planned principal operations from its oil and gas operations.  Accordingly, the Company's activities are considered to be those of a “Development Stage Enterprise”.  Among the disclosures required by this status is that the Company's financial statements be identified as those of a development stage enterprise.  In addition, the statements of operations and comprehensive loss, stockholders' equity and cash flows are required to disclose all activity since the Company's date of inception.  The Company will continue to prepare its financial statements and related disclosures as those of a development stage enterprise until such time that the Company achieves planned principal operations.

The Company's wholly owned subsidiary, GeoGlobal Resources (Israel) Limited, commenced operations during the year-ended December 31, 2011. The subsidiary administers the operations of the Myra and Sara licenses and controls the current assets and current liabilities held on behalf of the joint venture partners with participating interests in the licenses. As a result of this subsidiary commencing operations, the current assets and liabilities of the Company may not be comparable.