Going Concern	12 Months Ended
Dec. 31, 2011
Going Concern [Abstract]
Going Concern	2. Going Concern The Company has not achieved its planned principal operations and is considered to be in the development stage. The Company's exploration activities and overhead expenses are financed by way of equity issuance and to-date, oil and gas sales are incidental to the exploration process. The Company's financial statements as at and for the year ended December 31, 2011 have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. During the year ended December 31, 2011, the Company incurred a net loss of approximately $12.6 million, used approximately $4.3 million of cash flow in its operating activities and had an accumulated deficit of approximately $60.2 million. As at December 31, 2011, the Company has working capital deficiency of approximately $1.9 million. These matters raise doubt about the Company's ability to continue as a going concern. The Company's ability to continue as a going concern is dependent upon obtaining the necessary financing to complete further exploration and development activities and generate profitable operations from its oil and natural gas interests in the future. The Company must make an assessment of its ability to fulfill current liabilities and to meet future exploration requirements in the normal course of business. The assessment requires estimates regarding future uncommitted financing, future costs of exploration programs, timing of activities, future oil and gas prices, amongst other things. Should those estimates be materially incorrect, the Company's ability to continue as a going concern would be impaired and these audited financial statements could require material adjustments to the value of assets and liabilities. These financial statements do not reflect any such adjustments or reclassifications. The Company's cash balance at December 31, 2011 and anticipated cash flow from operating activities are not sufficient to satisfy its current liabilities and meet its exploration commitments of $16.9 million and $39.8 million, over the twelve months ending December 31, 2012 and the three years ending December 31, 2014, respectively. To meet these obligations, it will be necessary to raise capital through equity markets, debt markets or other financing arrangements, which could include the sale of oil and gas interests or participation arrangements in oil and gas interests. If these activities are unsuccessful, the Company may be forced to substantially curtail or cease exploration and development expenditures. As described in note 18, subsequent to December 31, 2011, the Company completed a private placement offering which raised $625,000 and will be used to reduce the working capital deficiency. The Company also received stockholder approval to the Israel Land Development Company – Energy Ltd. Transactions.

2. Going Concern

The Company has not achieved its planned principal operations and is considered to be in the development stage. The Company's exploration activities and overhead expenses are financed by way of equity issuance and to-date, oil and gas sales are incidental to the exploration process.

The Company's financial statements as at and for the year ended December 31, 2011 have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. During the year ended December 31, 2011, the Company incurred a net loss of approximately $12.6 million, used approximately $4.3 million of cash flow in its operating activities and had an accumulated deficit of approximately $60.2 million. As at December 31, 2011, the Company has working capital deficiency of approximately $1.9 million. These matters raise doubt about the Company's ability to continue as a going concern.

The Company's ability to continue as a going concern is dependent upon obtaining the necessary financing to complete further exploration and development activities and generate profitable operations from its oil and natural gas interests in the future. The Company must make an assessment of its ability to fulfill current liabilities and to meet future exploration requirements in the normal course of business. The assessment requires estimates regarding future uncommitted financing, future costs of exploration programs, timing of activities, future oil and gas prices, amongst other things. Should those estimates be materially incorrect, the Company's ability to continue as a going concern would be impaired and these audited financial statements could require material adjustments to the value of assets and liabilities. These financial statements do not reflect any such adjustments or reclassifications.

The Company's cash balance at December 31, 2011 and anticipated cash flow from operating activities are not sufficient to satisfy its current liabilities and meet its exploration commitments of $16.9 million and $39.8 million, over the twelve months ending December 31, 2012 and the three years ending December 31, 2014, respectively. To meet these obligations, it will be necessary to raise capital through equity markets, debt markets or other financing arrangements, which could include the sale of oil and gas interests or participation arrangements in oil and gas interests. If these activities are unsuccessful, the Company may be forced to substantially curtail or cease exploration and development expenditures.

As described in note 18, subsequent to December 31, 2011, the Company completed a private placement offering which raised $625,000 and will be used to reduce the working capital deficiency. The Company also received stockholder approval to the Israel Land Development Company – Energy Ltd. Transactions.