v2.4.0.8
Investments in Mineral Properties (Narrative) (Details) (USD $)
1 Months Ended 12 Months Ended 12 Months Ended 0 Months Ended 12 Months Ended 24 Months Ended 12 Months Ended 24 Months Ended
Feb. 28, 2014
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2012
Mineral property [Member]
Dec. 31, 2013
Mineral property [Member]
Dec. 31, 2013
Investment in Mineral Properties [Member]
Dec. 31, 2012
Investment in Mineral Properties [Member]
Dec. 31, 2013
Investment in Mineral Properties [Member]
Mineral property [Member]
Dec. 31, 2012
Investment in Mineral Properties [Member]
Mineral property [Member]
Dec. 31, 2013
S&W Oil & Gas, LLC - Poston Prospect [Member]
Dec. 31, 2012
S&W Oil & Gas, LLC - Poston Prospect [Member]
May 04, 2009
S&W Oil & Gas, LLC - Poston Prospect [Member]
Mineral property [Member]
Dec. 31, 2012
S&W Oil & Gas, LLC - Poston Prospect [Member]
Mineral property [Member]
Dec. 31, 2011
S&W Oil & Gas, LLC - Poston Prospect [Member]
Mineral property [Member]
Dec. 31, 2013
Bay Petroleum Oklahoma prospects [Member]
Dec. 31, 2012
Bay Petroleum Oklahoma prospects [Member]
Dec. 31, 2011
Bay Petroleum Oklahoma prospects [Member]
Dec. 31, 2011
Bay Petroleum Oklahoma prospects [Member]
Dec. 31, 2013
Bay Petroleum Oklahoma prospects [Member]
Investment in Mineral Properties [Member]
Dec. 31, 2011
Minimum [Member]
Dec. 31, 2011
Maximum [Member]
Investment in mineral properties   $ 43,180 $ 355,242 $ 6,500   $ 43,180 $ 355,242         $ 64,500     $ 43,180 $ 355,242   $ 1,992,330 $ 400,000    
Mineral property value   400,000 1,582,324 41,000       400,000 1,582,324             41,000          
Amount invested in existing mineral properties                             1,582,324            
Accumulated amortization on mineral properties               185,457 132,499           185,457 132,499          
Impairment charges                           93,879   565,737 80,000        
Capitalized cost of proved wells       1,103,205 367,394             138,615                  
Capitalized cost of unproved wells       611,617 218,063                                
Capital loss                         2,621                
Total capitalized cost of investment       1,714,822 585,457                                
Impairment expense   1,172,547 565,737         1,172,547 565,737           1,172,547            
Percentage of working interest acquired                   0.00% 5.00% 25.00%               5.00% 50.00%
Percent of net revenue interest                       81.50%     100.00% 95.00%          
Proceeds from sale of mineral properties   0 69,500                   69,500                
Amortization of mineral properties   52,957 105,880     52,957     105,880                        
Gain on sale of revenue producing investments in mineral properties $ 540,000