v2.3.0.15

Condensed Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended		139 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011
Income Statement [Abstract]
Revenues	$ 0	$ 0	$ 0	$ 0	$ 0
Operating expenses:
Exploration costs	0	1,780	0	23,068	4,004,530
Reimbursements of exploration costs	0	0	0	0	(1,549,438)
Exploration costs, net of reimbursements	0	1,780	0	23,068	2,455,092
General and administrative expenses	71,693	9,009	167,338	12,768	16,596,134
Total Operating Expenses	71,693	10,789	167,338	35,836	19,051,226
Operating loss	(71,693)	(10,789)	(167,338)	(35,836)	(19,051,226)
Other income (expenses)
Gain on modification of debt	0	0	0	0	1,193,910
Interest expense	0	0	0	0	(895,023)
Net loss	$ (71,693)	$ (10,789)	$ (167,338)	$ (35,836)	$ (18,752,339)
Basic and diluted net loss per common share	$ 0	$ 0	$ 0	$ 0
Basic and diluted weighted average common shares Outstanding	431,521,186	401,491,830	412,886,620	401,491,830

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The capitalized costs incurred during the period (excluded from amortization) in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects of containing oil and gas reserves, including costs of drilling exploratory wells and exploratory-type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property (sometimes referred to in part as prospecting costs) and after acquiring the property. Principal types of exploration costs, which include depreciation and applicable operating costs of support equipment and facilities and other costs of exploration activities, are: costs of topographical, geographical and geophysical studies, rights of access to properties to conduct those studies, and salaries and other expenses of geologists, geophysical crews, and others conducting those studies. Collectively, these are sometimes referred to as geological and geophysical or "G&G" costs. Exploration costs also include costs of carrying and retaining undeveloped properties, such as delay rentals, ad valorem taxes on properties, legal costs for title defense, the maintenance of land and lease records, dry hole contributions and bottom hole contributions, costs of drilling and equipping exploratory wells and costs of drilling exploratory-type stratigraphic test wells.

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