v2.4.0.6
Investments in Mineral Properties (Narrative) (Details) (USD $)
3 Months Ended 9 Months Ended 9 Months Ended 9 Months Ended 12 Months Ended 24 Months Ended 0 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
Sep. 30, 2012
Investment [Member]
Sep. 30, 2011
Investment [Member]
Dec. 31, 2011
Investment [Member]
Sep. 30, 2012
Bay Petroleum Oklahoma prospects [Member]
Sep. 30, 2011
Bay Petroleum Oklahoma prospects [Member]
Dec. 31, 2011
Bay Petroleum Oklahoma prospects [Member]
Dec. 31, 2011
Bay Petroleum Oklahoma prospects [Member]
Dec. 31, 2011
Bay Petroleum Oklahoma prospects [Member]
Minimum [Member]
Dec. 31, 2011
Bay Petroleum Oklahoma prospects [Member]
Maximum [Member]
May 04, 2009
Mineral property [Member]
S&W Oil & Gas, LLC - Poston Prospect [Member]
Sep. 30, 2012
Mineral property [Member]
S&W Oil & Gas, LLC - Poston Prospect [Member]
Dec. 31, 2011
Mineral property [Member]
S&W Oil & Gas, LLC - Poston Prospect [Member]
Investment [Member]
Investment in mineral properties     $ 406,744 $ 1,374,730   $ 417,785     $ 417,785     $ 2,072,330     $ 64,500    
Estimated fair value of mineral properties 1,885,337   1,885,337   1,965,577 1,885,337   1,965,557                  
Accumulated amortization on mineral properties           148,988   135,987                  
Impairment charges                     80,000           93,879
Capitalized cost of proved wells                             150,791    
Capital loss                               33,350  
Amortization of mineral properties           86,218 79,172   86,218 62,309              
Impairment expense 0 0 256,737 0   256,767                      
Percentage of working interest acquired                         25.00% 50.00% 25.00%    
Percent of net revenue interest                             81.50%    
Proceeds from sale of mineral properties     $ 110,500 $ 0                       $ 69,500