XML 59 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
Basis of Financial Statement Presentation and Significant Accounting Policies (Details Textual) (USD $)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2012
Basis of Financial Statement Presentation and Significant Accounting Policies (Textual) [Abstract]          
Amortization of financing cost     $ 855,684 $ 497,911  
Revenue 4,671,158 2,464,702 8,280,484 5,382,230  
Basis of Financial Statement Presentation and Significant Accounting Policies (Additional Textual) [Abstract]          
Allowance for doubtful accounts 0   0   0
Bad debt expense incurred     0 0  
Financing Fees Incurred     110,365   1,741,976
Current portion of the asset retirement obligation 0 0 0 0  
Liabilities held for sale 242,595   242,595    
Net operating loss carry forwards 36,300,000   36,300,000    
Net operating loss expiration     Various dates through 2032    
Current tax provision     0    
Income tax benefit recorded by offsetting NOLs or Alternative Minimum Tax against valuation allowance description     No tax benefit has been recorded in the consolidated financial statements for the remaining NOLs or Alternative Minimum Tax (“AMT”) credit since the potential tax benefit is offset by a valuation allowance of the same amount    
Valuation allowance     100.00%    
Material unrecognized tax benefits 0   0    
Tax penalties 0 0 0 0  
Open Tax Year     2008    
Changes in severance payment of President of the Company and Chairman of the Board     These agreements provide both individuals to receive a severance payment equal to twice their annual salary and 85,000 vested common shares if there is a change in control of the Company and they are terminated or demoted. Various other Company personnel also received change in control agreements in April that provide them severance payments equal to their salary for six to twelve months.    
Vesting of common shares on change in control and termination or demotion of President and Chairmen     85,000    
Material imbalances 0   0   0
Transportation revenue 26,447 94,375 61,890 187,688  
Exploration and Production [Member]
         
Basis of Financial Statement Presentation and Significant Accounting Policies (Textual) [Abstract]          
Amortization of financing cost 169,047 93,744 331,948 331,244  
Revenue $ 4,641,723 $ 2,137,362 $ 8,215,606 $ 4,909,344