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Statements of Cash Flows (Unaudited, USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Unaudited
   
Net loss $ (127,471) $ (217,349)
Value of services contributed by employee 25,000 25,000
Stock incentive plan expense 11,294 16,380
Net cash used in operating activities (153,268) (166,766)
Acquisition of lease acres 0 (35,000)
Net cash provided by (used in) investing activities 0 (548,389)
Proceeds from private equity placement 0 460,000
Proceeds from related party, note payable 100,000 0
Net cash provided by (used in) financing activities 100,000 460,000
Net increase (decrease) in cash $ (53,268) $ (255,155)
Common Stock issued for accounts payable $73,490 $0