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Statements of Operations (Unaudited) (USD $)
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3 Months Ended | 9 Months Ended | 59 Months Ended | ||
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Jun. 30, 2013
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Jun. 30, 2012
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Jun. 30, 2012
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Jun. 30, 2011
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Jun. 30, 2012
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| REVENUES | |||||
| Revenues | |||||
| Total revenues | |||||
| EXPENSES | |||||
| Office and general | 40,246 | 86,215 | 252,769 | 215,858 | 611,153 |
| Management fees | 46,083 | 113,334 | 199,416 | 726,667 | 1,200,580 |
| Professional fees | 48,193 | 35,191 | 148,667 | 88,635 | 358,809 |
| Gain on debt forgiveness | (8,000) | ||||
| Exploration costs | 155,425 | 60,112 | 440,127 | 105,868 | 881,021 |
| Total expenses | (289,947) | (294,852) | (1,040,979) | (1,137,028) | (3,043,563) |
| OTHER INCOME (EXPENSE) | |||||
| Interest expense | (105,762) | (78,873) | (263,388) | (249,534) | (789,109) |
| Loss on extinguishment of debt | (233,062) | (470,869) | |||
| Total other expenses | (105,762) | (78,873) | (496,450) | (249,534) | (1,259,978) |
| NET LOSS | $ (395,709) | $ (373,725) | $ (1,537,429) | $ (1,386,562) | $ (4,303,541) |
| BASIC LOSS PER COMMON SHARE | $ 0.00 | $ 0.00 | $ (0.02) | $ 0.00 | |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC | 99,080,419 | 92,901,689 | 96,789,702 | 91,847,442 | |
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- Definition
No authoritative reference available. No definition available.
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- Definition
Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The capitalized costs incurred during the period (excluded from amortization) in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling exploratory wells and exploratory-type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property (sometimes referred to in part as prospecting costs) and after acquiring the property. Principal types of exploration costs, which include depreciation and applicable operating costs of support equipment and facilities and other costs of exploration activities, are: costs of topographical, geographical and geophysical studies, rights of access to properties to conduct those studies, and salaries and other expenses of geologists, geophysical crews, and others conducting those studies. Collectively, these are sometimes referred to as geological and geophysical or "G&G" costs. Exploration costs also include costs of carrying and retaining undeveloped properties, such as delay rentals, ad valorem taxes on properties, legal costs for title defense, the maintenance of land and lease records, dry hole contributions and bottom hole contributions, costs of drilling and equipping exploratory wells and costs of drilling exploratory-type stratigraphic test wells. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Aggregate revenue during the period related to oil and gas business activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The aggregate costs related to delivering management services during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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