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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
Jun. 30, 2011
Dec. 31, 2010
Cash $ 59,367 $ 373,470
Restricted cash 100,000  
Accounts receivable, net 26,932 19,466
Prepaid and other assets 218,597 36,203
Other current receivable 1,440,000 1,440,000
Total Current Assets 1,844,896 1,869,139
Proved oil and gas properties, subject to amortization 1,191,396 1,191,488
Unproved oil and gas properties, not subject to amortization 1,990,489  
Less: accumulated depletion and impairment (109,078) (69,432)
Total oil and gas properties, net 3,072,807 1,122,056
Equipment, net of accumulated depreciation and impairment of $773,287 and $751,386 427,418 470,776
Option on oil and gas properties   100,000
Assets from discontinued operations - held for sale   65,626
Total Assets 5,345,121 3,627,597
Accounts payable 75,510 29,575
Accrued expenses 476,997 447,173
Accrued expenses - related party 303,142 255,397
Note payable - related party 100,000  
Note payable - other 34,350 4,400
Note payables - other, net of discount of $236,946 and 14,028 2,285,165 255,972
Total Current Liabilities 3,275,164 992,517
Notes payable - related party 1,120,000 1,120,000
Asset retirement obligations 11,785 10,862
Total Liabilities 4,406,949 2,123,379
Preferred stock, $0.001 par value, 20,000,000 shares authorized: Series A - 6,000,000 shares issued and outstanding; Series B - one and zero share issued and outstanding 6,000 6,000
Common stock, $0.001 par value, 180,000,000 shares authorized; 71,425,905 and 67,909,238 shares issued and outstanding 71,426 67,909
Additional paid-in capital 75,962,396 75,492,738
Accumulated deficit (75,101,650) (74,062,429)
Total Stockholders' Equity 938,172 1,504,218
Total Liabilities and Stockholders' Equity 5,345,121 3,627,597
Series A Preferred Stock
    
Preferred stock, $0.001 par value, 20,000,000 shares authorized: Series A - 6,000,000 shares issued and outstanding; Series B - one and zero share issued and outstanding 6,000 6,000
Series B Preferred Stock
    
Preferred stock, $0.001 par value, 20,000,000 shares authorized: Series A - 6,000,000 shares issued and outstanding; Series B - one and zero share issued and outstanding