v2.4.0.6
BALANCE SHEETS (USD $)
Sep. 30, 2011
Dec. 31, 2010
CURRENT ASSETS:    
Cash and equivalents $ 13,470  
Prepaid expenses and other current assets 17,245 32,530
Total current assets 30,715 32,530
OIL AND GAS PROPERTIES (FULL COST METHOD):    
Mineral rights 30,269  
Evaluated 500,000  
Gross oil and gas properties 530,269  
Less - accumulated depletion      
Net oil and natural gas properties 530,269  
OTHER ASSETS:    
Note receivable - related party 201,425 195,795
Total other assets 201,425 195,795
TOTAL ASSETS 762,409 228,325
CURRENT LIABILITIES:    
Accounts payable 120,809 114,502
Accounts payable - related parties 184,083  
Cash overdraft   93
Net assets available for disposal   397,029
Accrued expenses 44,847 534,295
Accrued interest payable 6,326 5,063
Beneficial conversion feature 50,000 77,945
Convertible notes payable - current portion 238,000 122,055
Total current liabilities 644,065 1,250,982
Long term debt, less current maturities:    
Accrued interest payable - related parties 10,685 30,772
Note payable - related parties   600,000
Note payable - related parties 500,000  
Total long term liabilities 510,685 630,772
Total liabilities 1,154,750 1,881,754
DEFICIENCY IN STOCKHOLDERS' EQUITY    
Common stock, par value $0.01 per share; 50,000,000 shares authorized, 32,069,433 and 10,969,433 shares issued and outstanding, respectively 323,694 109,694
Stock subscription receivable (92,000) (60,000)
Additional paid in capital 11,620,555 9,735,444
Accumulated deficit (12,244,590) (11,438,567)
Total stockholders' equity (392,341) (1,653,429)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 762,409 228,325
Series A Preferred Stock
    
DEFICIENCY IN STOCKHOLDERS' EQUITY    
Preferred Stock Value      
Series B Preferred Stock
    
DEFICIENCY IN STOCKHOLDERS' EQUITY    
Preferred Stock Value