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STATEMENT OF STOCKHOLDERS EQUITY (USD $) | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total
--- | --- | --- | --- | --- | ---
Balance at Apr. 09, 2010 |  | $ 21,292 | $ 4,570,662 |  | $ 4,591,954
Balance (in Shares) at Apr. 09, 2010 |  | 21,292,333 |  |  |
Sale of shares of common stock at $1 per share, 6,170,000 shares to related parties |  | 11,000 | 10,989,000 |  | 11,000,000
Sale of shares of common stock at $1 per share, 6,170,000 shares to related parties (in Shares) |  | 11,000,000 |  |  |
Common stock issued for acquisition of oil & gas properties |  | 5,012 | 1,247,808 |  | 1,252,820
Common stock issued for acquisition of oil & gas properties (in Shares) |  | 5,011,281 |  |  |
Common stock options granted for services, related party |  |  | 77,500 |  | 77,500
Net indemnified costs incurred from the spin-off from Ante4, Inc. |  |  | (230,747) |  | (230,747)
Net loss |  |  |  | (738,504) | (738,504)
Balance at Dec. 31, 2010 |  | 37,304 | 16,654,223 | (738,504) | 15,953,023
Balance (in Shares) at Dec. 31, 2010 |  | 37,303,614 |  |  |
Units of common stock and warrants sold at $1 per share |  | 6,143 | 5,609,914 |  | 5,616,057
Units of common stock and warrants sold at $1 per share (in Shares) |  | 6,142,500 |  |  |
Exercise of common stock options |  | 60 | 17,220 |  | 17,280
Exercise of common stock options (in Shares) |  | 60,000 |  |  |
Common stock issued for acquisition of oil & gas properties |  | 3,852 | 4,936,417 |  | 4,940,269
Common stock issued for acquisition of oil & gas properties (in Shares) |  | 3,852,851 |  |  |
Common stock granted for services |  | 44 | 43,076 |  | 43,120
Common stock granted for services (in Shares) |  | 44,000 |  |  |
Common stock warrants granted for services |  |  | 74,022 |  | 74,022
Common stock options granted for services, related party |  |  | 723,802 |  | 723,802
Net loss |  |  |  | (2,482,255) | (2,482,255)
Balance at Dec. 31, 2011 |  | $ 47,403 | $ 28,058,674 | $ (3,220,759) | $ 24,885,318
Balance (in Shares) at Dec. 31, 2011 |  | 47,402,965 |  |  |

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- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph 59 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 25 -Paragraph 23 -URI http://asc.fasb.org/extlink&oid=6909708&loc=d3e1043-128460 + Details
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