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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
1 Months Ended 2 Months Ended 3 Months Ended 4 Months Ended 6 Months Ended
Apr. 30, 2011
Jun. 30, 2011
Jun. 30, 2012
Apr. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Oil and Gas Revenues $ 26,948 $ 12,477 $ 342,522 $ 96,956 $ 670,525 $ 12,477
Costs and Operating Expenses            
Oil and gas production costs 11,889 8,549 218,074 71,656 375,255 8,549
Oil and gas production taxes 1,242 575 15,875 4,468 32,625 575
Depreciation, depletion and amortization 694 1,657 94,707 2,778 175,835 1,657
Accretion expense 933 781 4,762 3,732 9,524 781
General and administrative expense 1,500 22,856 497,190 6,000 1,154,499 22,856
Total Costs and Operating Expenses 16,258 34,418 830,608 88,634 1,747,738 34,418
Other Income (Expense)            
Gain on derivative put options 0 5,460 40,720 0 93,408 5,460
Interest expense 0 (8,754) (94,011) 0 (187,846) (8,754)
Net Other Income (Expense) 0 (3,294) (53,291) 0 (94,438) (3,294)
Net Income (Loss) $ 10,690 $ (25,235) $ (541,377) $ 8,322 $ (1,171,651) $ (25,235)
Basic Earnings (Loss) per Share $ 0.00 $ 0.00 $ (0.15) $ 0.00 $ (0.33) $ 0.00
Diluted Earnings (Loss) per Share $ 0.00 $ 0.00 $ (0.15) $ 0.00 $ (0.33) $ 0.00