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Acquisitions Fisher II Property (Details) (USD $)
Dec. 01, 2011
Total cosideration by Fisher I Property, $ 1,747,760
Cash consideration, 1,150,000
Shares transferred, 80,000
Common stock par value,. $ 4.00
Common stock valued,. 320,000
The issuance of a put option relating to the Ring shares valued,. 277,760
Common stock price per share,. $ 5.00
Risk free interest rate,. 0.11
Dividend yield,.. 0
Expected life,. 1.0
Volatility,. 198
Proved developed and undeveloped oil and gas properties,. 1,915,152
Asset retirement obligation,. (167,392)
Total Identifiable Net Assets,. $ 1,747,760