v2.4.0.6
BALANCE SHEETS (USD $)
Mar. 31, 2012
Dec. 31, 2011
CURRENT ASSETS:    
Cash and cash equivalents    $ 7,618
Prepaid expenses and other current assets 16,315 12,460
Note receivable and advances-related party 205,185 203,315
Total current assets 221,500 223,393
OIL AND GAS PROPERTIES (FULL COST METHOD):    
Evaluated 500,000 500,000
Mineral rights 18,455 18,455
Gross oil and gas properties 518,455 518,455
Less - accumulated depletion      
Net oil and natural gas properties 518,455 518,455
TOTAL ASSETS 739,955 741,848
CURRENT LIABILITIES:    
Accounts payable 92,795 108,144
Cash overdraft 77  
Accrued expenses 137,347 91,097
Advances-related party 40,000  
Accrued interest payable 18,443 9,876
Beneficial conversion feature 54,806 101,561
Convertible notes payable, net of debt discount 196,219 196,888
Total current liabilities 539,687 507,566
Long term debt, less current maturities:    
Accrued interest payable - related party 33,288 25,808
Note payables - related parties 500,000 500,000
Total long term liabilities 533,288 525,808
Total liabilities 1,072,975 1,033,374
DEFICIENCY IN STOCKHOLDERS' EQUITY    
Common stock, par value $0.01 per share; 50,000,000 shares authorized, 33,853,237 and 32,519,433 shares issued and outstanding 338,532 325,194
Stock subscription receivable (62,135) (62,135)
Additional paid in capital 11,912,890 11,753,075
Accumulated deficit (12,522,307) (12,307,660)
Total stockholders' equity (333,020) (291,526)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 739,955 741,848
Series A Preferred Stock
    
DEFICIENCY IN STOCKHOLDERS' EQUITY    
Preferred Stock, Value      
Series B Preferred Stock
    
DEFICIENCY IN STOCKHOLDERS' EQUITY    
Preferred Stock, Value