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Investments in Mineral Properties (Narrative) (Details) (USD $)
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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 | ||||||||
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Sep. 30, 2012
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Sep. 30, 2011
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Sep. 30, 2012
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Sep. 30, 2011
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Dec. 31, 2011
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Sep. 30, 2012
Investment [Member]
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Sep. 30, 2011
Investment [Member]
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Dec. 31, 2011
Investment [Member]
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Sep. 30, 2012
Bay Petroleum Oklahoma prospects [Member]
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Sep. 30, 2011
Bay Petroleum Oklahoma prospects [Member]
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Dec. 31, 2011
Bay Petroleum Oklahoma prospects [Member]
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Dec. 31, 2011
Bay Petroleum Oklahoma prospects [Member]
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Dec. 31, 2011
Bay Petroleum Oklahoma prospects [Member]
Minimum [Member]
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Dec. 31, 2011
Bay Petroleum Oklahoma prospects [Member]
Maximum [Member]
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May 04, 2009
Mineral property [Member]
S&W Oil & Gas, LLC - Poston Prospect [Member]
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Sep. 30, 2012
Mineral property [Member]
S&W Oil & Gas, LLC - Poston Prospect [Member]
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Dec. 31, 2011
Mineral property [Member]
S&W Oil & Gas, LLC - Poston Prospect [Member]
Investment [Member]
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| 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 | ||||||||||||||