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Related Party Transactions (Tables)
 9 Months Ended
Sep. 30, 2012
Schedule of Related Party Revenues and Expenses [Table Text Block]
          Three month     Nine Month  
 
  •  
 Drilling and exploration contract income   $     $   769,084  
 
  •  
 Joint Venture Management fees income     2,049     43,074  
 
  •  
 Drilling and exploration contract expense     318     348,078  
 
  •  
 Equity in loss of Golden Chest LLC     40,647     755,439