XML 30 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Statements of Operations (USD $)
 12 Months Ended 89 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Revenue from oil and gas properties $ 2,624 $ 8,269 $ 16,744
Production costs (600) (8,429) (15,252)
Depreciation, depletion, amortization 0 (1,463) (3,125)
Results from oil and gas operations 2,024 (1,623) (1,633)
General and Administrative Expenses:      
Accounting and legal 28,018 19,779 181,763
Advertising and promotion 0 0 49,614
Consulting 10,275 5,175 135,450
Management and director fees 15,000 15,000 62,400
Transfer agent and filing 6,515 1,770 33,319
Rent 13,200 12,700 44,400
Depreciation 1,199 1,199 3,797
Other 4,271 1,726 44,042
Total General Administrative Expenses 78,478 57,349 554,785
Non-refundable transaction fee 250,000 0 250,000
Loss From Operations (326,454) (58,972) (806,418)
Other Income and (Expense):      
Dividend and interest Income 6,206 3,208 42,187
Interest expense 0 0 (5,221)
Loss on impairment of oil and gas properties 0 (22,655) (292,917)
Total Other Income and (Expense) 6,206 (19,447) (255,951)
Net Loss Applicable to Common Stockholders $ (320,248) $ (78,419) $ (1,062,369)
Net loss per common share, basic and diluted $ (0.09) $ (0.02)  
Average number of common shares outstanding 3,576,988 3,548,200