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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2012
Income Tax Disclosure [Abstract] |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | The following table sets forth a reconciliation of the provision for income taxes to the statutory federal rate:
|  | Year Ended December 31, |
|  | 2012 |  |  | 2011 |
Statutory tax rate |  |  | 34.0 | % |  |  | 34.0 | %
Derivative instruments |  |  | (94.8 | )% |  |  | 7.8 | %
Oil costs and long-lived assets |  |  | 30.7 | % |  |  | (0.3 | )%
Non-deductible expenses |  |  | 14.9 | % |  |  | (5.1 | )%
Change in valuation allowance |  |  | 15.2 | % |  |  | (36.4 | )%
Effective tax rate |  |  | 0.0 | % |  |  | 0.0 | %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | Significant components of the deferred tax assets and liabilities are as follows:
|  | Year Ended December 31, |
|  | 2012 |  |  | 2011 |
Non-current deferred tax asset: |  |  |  |  |  |  |  |
Oil costs and long-lived assets |  | $ | 698,339 |  |  | $ | 609,215 |
Derivative instruments |  |  | 612,139 |  |  |  | 927,333 |
Net operating loss carry-forward |  |  | 8,010,770 |  |  |  | 7,960,080 |
Valuation allowance |  |  | (9,321,248 | ) |  |  | (9,496,628 | )
|  | $ | - |  |  | $ | - |

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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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