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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	Dec. 31, 2011	Dec. 31, 2010
Revenues
Oil and gas	$ 2,347,368	$ 1,756,570
Interest income and other	267,939	98,890
Revenues, Total	2,615,307	1,855,460
Costs and Expenses
Oil and gas production	1,814,405	1,507,434
Mining exploration	90,711	371,975
General and administrative	6,841,752	6,884,334
Write off and impairment loss (Note 4)	2,393,779	140,242
Loss on settlement of claim (Note 12)	1,500,000
Depreciation, depletion and amortization	683,530	570,020
Stock-based compensation (Note 13)	418,477	1,846,253
Exploration expense	362,402
Interest	234,613	324,241
Gain on sale of assets	(44,335)	(3,014,244)
Bad debt		44,391
Loss on derivative instruments (Note 8)		1,846,611
Costs and Expenses, Total	14,295,334	10,521,257
Net loss	$ (11,680,027)	$ (8,665,797)
Basic and diluted loss per common share (Note 14)	$ (0.19)	$ (0.24)
Weighted average number of common shares outstanding	63,134,690	36,659,198

Income derived from investments in debt securities and on cash and cash equivalents the earnings of which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. And the aggregate amount of other income amounts resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income recognized for the period.

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Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 5

-Section 03

-Paragraph 1

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.1)

-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

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- Details

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Data Type:	xbrli:stringItemType
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