XML 24 R27.htm IDEA: XBRL DOCUMENT v2.4.0.8
Notes Payable (Details) (USD $)
1 Months Ended 6 Months Ended 6 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 1 Months Ended
Feb. 28, 2013
Jun. 30, 2013
Dec. 31, 2012
Apr. 26, 2012
Prima Oil Company, Inc. [Member]
Jun. 30, 2013
CIT Capital USA Inc. [Member]
Jun. 22, 2007
CIT Capital USA Inc. [Member]
Jun. 30, 2013
CIT Capital USA Inc. [Member]
Stout #2H, Groves #1H and Lucey #1H [Member]
Jun. 30, 2013
CIT Capital USA Inc. [Member]
Marcellus Shale [Member]
Jun. 30, 2013
ASD Credit Agreement [Member]
Well
Jun. 30, 2013
ASD Credit Agreement [Member]
acre
Well
Feb. 28, 2013
ASD Credit Agreement [Member]
Apr. 26, 2012
ASD Credit Agreement [Member]
Apr. 02, 2012
Sixth Amendment [Member]
CIT Capital USA Inc. [Member]
Jun. 30, 2013
Eighth Amendment [Member]
CIT Capital USA Inc. [Member]
Notes Payable (Textual) [Abstract]                            
Financing agreement date         Jun. 22, 2007                  
Credit facility, face amount           $ 30,000,000     $ 50,000,000 $ 50,000,000   $ 50,000,000    
Notes payable interest payment due dates description   Payment was due at maturity on June 15, 2010                        
Credit facility, maturity date         Jun. 15, 2010                  
Line of credit principal Payment                         125,000  
Line of credit, interest rate         1.50%                 1.50%
Overriding royalty interest             1.50% 1.50%            
ASD Credit Agreement, closing date                   Apr. 26, 2014        
Percentage of owned subsidiaries       100.00%                    
Number of gas wells in which the company owns working interest gross                 13 13        
Number of gas wells in which the company owns working interest net                 7.60 7.60        
Marcellus leased properties area                   22,000        
Administrative fee                 50,000 50,000        
Interest expense                 264,706 529,412        
Total OID amortization   1,235,294                        
Interest rate                   Interest is due monthly at 10% plus the greater of 1% or the 3 month LIBOR rate        
Maturity Date                   Feb. 28, 2015        
LIBOR Rate                   1.00%        
Debt instrument interest rate                   10.00%        
Debt instrument increase borrowing capacity                     75,000,000      
Debt instrument LIBOR Rate                 11.00% 11.00%        
Debt instrument percentage of contingent interest on non compliance of debt covenant                   1.00%        
Maximum termination fees on prepayment                   12,500,000        
Debt instruments increase in principal amount                   25,000,000        
Prepayment penalty description                   The Termination Fee will be equal to $12.5 million less all interest payments actually made with respect to the $25 million loan prior to such date        
Warrants and rights outstanding                 2,000,000 2,000,000        
Warrants Rights                 19,500 19,500        
ASD Stock Percentage                   19.50%        
Warrants exercise price                   $ 263.44        
Notes Payable (Additional Textual) [Abstract]                            
Productive wells, commercial production period   30 days                        
Original issue discount   3,000,000                        
Maturity Date                   Feb. 28, 2015        
Principal balance and interest expense 25,000,000 1,505,000                        
Other loans outstanding   $ 28,575 $ 15,155