v2.4.0.8

9. VARIABLE INTERESTS ENTITIES (VIE) (Details) (USD $)	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2012	Dec. 31, 2011
Assets
Cash	$ 521,778	$ 358,519	$ 311,450	$ 1,382,166
Accounts receivable from affiliates	48,936	59,146
Prepaid drilling cost	1,252,737	455,009
Other assets	56,210	56,210
Total assets	5,434,886	4,219,105
Liabilties and Equity
Accounts payable, accrued liabilities and notes payable	315,067	298,095
Deferred revenue	7,838,223	5,796,556
Total liabilities	8,244,265	6,147,822
Retained Earnings (accumulated deficit)	(8,794,988)	(8,212,688)
Total stockholders' equity (deficit)	(1,554,642)	(1,160,094)
Total Liabilities and Equity	5,434,886	4,219,105
Variable Interests Entities [Member]
Assets
Cash	390,936	278,032
Accounts receivable from affiliates	1,566,508	1,562,206
Prepaid drilling cost	1,252,737	455,009
Oil and gas properties	187,752
Investment in joint ventures	612,500	612,500
Other assets	150,290	60,602
Total assets	4,160,723	2,968,349
Liabilties and Equity
Accounts payable, accrued liabilities and notes payable	156,595	139,513
Deferred revenue	5,510,172	3,820,755
Total liabilities	5,666,767	3,960,268
Retained Earnings (accumulated deficit)	(1,506,044)	(991,919)
Total stockholders' equity (deficit)	(1,506,044)	(991,919)
Total Liabilities and Equity	$ 4,160,723	$ 2,968,349

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.

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Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

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Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation.

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The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income.

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Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.

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Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.

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Oil and gas properties, net of depletion, carried under the full cost method.

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Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer).

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Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets.

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The book value of investments in real estate joint ventures including direct and indirect investments.

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The cumulative amount of the reporting entity's undistributed earnings or deficit.

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Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

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