Condensed Consolidated Statements of Cash Flows (USD $)	9 Months Ended
Condensed Consolidated Statements of Cash Flows (USD $)	Sep. 30, 2011	Sep. 30, 2010
Cash flows from operating activities:
Net income (loss)	$ 3,331,701	$ (4,113,321)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation, depletion, accretion and amortization	128,338	181,582
Impairment of oil properties	0	273,318
Stock-based compensation and vested restricted stock unit awards	485,652	428,392
Unrealized gain on fair value of derivative warrant instruments, net	(7,306,267)	(944,429)
Common stock for services	109,013	213,500
Changes in operating assets and liabilities:
Accounts receivable, net	(107,033)	193,488
Employee advances and other receivables	14,603	(28,036)
Prepaid expenses and other assets	(161,769)	(46,309)
Accounts payable	(862,866)	(1,954,886)
Accrued liabilities	266,590	175,462
Other liabilities	605,284	0
Net cash used in operating activities	(3,496,754)	(5,621,239)
Cash flows from investing activities:
Acquisition of Avante, net of cash received	0	289,937
Investments in unproved oil properties	(283,092)	(2,969,395)
Restricted cash	80,047	0
Purchases of other property and equipment	(8,475)	0
Net cash used in investing activities	(211,520)	(2,679,458)
Cash flows from financing activities:
Proceeds from the sale of common stock and derivative warrant instruments	0	17,833,964
Payments for offering costs	0	(1,002,381)
Net cash provided by financing activities	0	16,831,583
Net change in cash and cash equivalents	(3,708,274)	8,530,886
Cash and cash equivalents, beginning of period	8,327,020	2,376,585
Cash and cash equivalents, end of period	4,618,746	10,907,471
Supplemental disclosure of cash flow information:
Income taxes	41,008	23,282
Interest	0	0
Non-cash investing and financing transactions:
Change in asset retirement obligation estimate	(47,534)	135,395
Issuance of common stock in connection with acquisition of Avante for:
Acquisition of accounts receivable	0	3,653
Acquisition of prepaid expenses and other current assets	0	43,001
Acquisition of unproved oil properties	0	9,808,470
Acquisition of goodwill	0	5,591,422
Acquisition of other property and equipment	0	48,743
Assumption of accounts payable	0	240,445
Assumption of accrued liabilities	0	72,626
Assumption of asset retirement obligation	$ 0	$ 187,155

La Cortez Energy, Inc. 10-Q