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SHAREHOLDERS' EQUITY (Tables) | 12 Months Ended
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Dec. 31, 2011
SHAREHOLDERS' EQUITY [Abstract] |
Shareholder's equity |
All figures in USD ´000, except number of shares |  | Authorized Shares |  |  | Issued and Out- standing Shares |  |  | Common Stock |
Balance as of December 31, 2008 |  |  | 51,200,000 |  |  |  | 34,373,271 |  |  |  | 344 |
Common Shares Issued in Follow-on Offering |  |  |  |  |  |  | 3,450,000 |  |  |  | 35 |
Compensation – Restricted Shares |  |  |  |  |  |  | 70,408 |  |  |  | – |
Common Shares Issued in Follow-on Offering |  |  |  |  |  |  | 4,225,000 |  |  |  | 42 |
Compensation – Restricted Shares |  |  |  |  |  |  | 86,225 |  |  |  | 1 |
Balance as of December 31, 2009 |  |  | 51,200,000 |  |  |  | 42,204,904 |  |  |  | 422 |
Common Shares Issued in Follow-on Offering |  |  |  |  |  |  | 4,600,000 |  |  |  | 46 |
Compensation – Restricted Shares |  |  |  |  |  |  | 93,878 |  |  |  | 1 |
Balance as of December 31, 2010 |  |  | 51,200,000 |  |  |  | 46,898,782 |  |  |  | 469 |
Common Shares Issued, 2011 Equity Incentive Plan |  |  |  |  |  |  | 400,000 |  |  |  | 4 |
Compensation – Restricted Shares |  |  |  |  |  |  | 4,612 |  |  |  | 0 |
Increased authorized share capital |  |  | 38,800,000 |  |  |  |  |  |  |  |  |
Balance as of December 31, 2011 |  |  | 90,000,000 |  |  |  | 47,303,394 |  |  |  | 473 |

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- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 505 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph -Name Accounting Standards Codification -Paragraph 2 -Section 50 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 + Details
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