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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash Flows From Operating Activities:    
Net loss $ (1,039,221) $ (490,355)
(Income) loss from discontinued operations 3,686 (9,474)
Loss from continuing operations (1,035,535) (499,829)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 30,842 71,736
Depletion and impairment - oil and gas 39,646  
Accretion of asset retirement obligation 1,015  
Amortization of debt discount 146,184  
Amortization of deferred financing costs 89,530  
Option and warrant expense 216,675 5,516
(Gain)/Loss on disposition of equipment 1,315  
Changes in:    
Accounts receivable 58,160 (3,140)
Prepaid expenses and other current assets 48,912 22,809
Accounts payable 36,858 49,996
Accrued expenses 167,986 76,042
Accrued expenses - related party 47,745 45,024
Deferred revenue   4,124
Net Cash Used In Continuing Operating Activities (150,666) (227,722)
Net Cash Provided By (Used In) Discontinued Operating Activities - (3,686) 9,474
Net Cash Used In Operating Activities (154,352) (218,248)
Cash Flows From Investing Activities:    
Proceeds from sale of fixed assets 11,200  
Cash paid for oil and gas properties (1,890,489)  
Net Cash Used In Investing Activities (1,879,289)  
Cash Flows From Financing Activities:    
Payments on short term debt (305,423) (20,278)
Borrowings on short-term debt 2,253,009  
Cash paid for deferred financing costs (135,548)  
Restricted cash (100,000)  
Proceeds from exercise of warrants 7,500  
Net Cash Provided By (Used In) Financing Activities 1,719,538 (20,278)
Net change in cash (314,103) (238,526)
Cash at beginning of period 373,470 261,164
Cash at end of period 59,367 22,638
Cash paid for:    
Interest 63,599 1,533
Income taxes    
Non-Cash Transactions:    
Prepaid insurance financed with note payable 65,373 69,735
Common stock issued for accrued liabilities $ 249,000 $ 14,800