XML 24 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Balance Sheets (USD $)
Dec. 31, 2011
Dec. 31, 2010
Current Assets:    
Cash and cash equivalents $ 4,423,913 $ 931,103
Deposits 1,000 1,000
Prepaid expenses 1,100 1,900
Total Current Assets 4,426,013 934,003
Non-current Assets:    
Related party notes and interest receivable 853,122 0
Office Furniture (net) 4,595 5,794
Total Assets 5,283,730 939,797
Current Liabilities:    
Accounts payable and accrued liabilities 5,645 5,420
Oil and gas drilling and operating costs payable 0 1,209
Total Current Liabilities 5,645 6,629
Total Liabilities 5,645 6,629
Stockholders' Equity:    
Common Stock, $0.001 par value, 75,000,000 shares authorized, 4,715,704 and 3,548,200 shares issued and outstanding at December 31, 2011 and 2010, respectively 4,716 3,548
Paid-in capital 6,335,738 1,671,741
Deficit accumulated during the development stage (1,062,369) (742,121)
Total Stockholders' Equity 5,278,085 933,168
Total Liabilities and Stockholders' Equity $ 5,283,730 $ 939,797