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Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Related Party Revenues and Expenses [Table Text Block]

					Three month			Six Month
	•	Drilling and exploration contract income		$	356,040		$	769,084
	•	Joint Venture Management fees income			17,784			41,025
	•	Drilling and exploration contract expense			117,874			347,760
	•	Equity in loss of Golden Chest LLC			310,853			714,792

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- Definition

Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates.

+ References

No definition available.

+ Details

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