v2.4.0.8

INVESTMENTS IN OIL AND GAS PROPERTIES (Details) (USD $)	1 Months Ended					12 Months Ended		16 Months Ended
INVESTMENTS IN OIL AND GAS PROPERTIES (Details) (USD $)	Dec. 31, 2012	Oct. 31, 2012	Jun. 30, 2012	Apr. 30, 2012	Mar. 31, 2012	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 14, 2012	Sep. 13, 2011
Investments Schedule [Abstract]
PurchasePriceDansvilleProspect (in Shares)			12,000,000
CostIncurredDevelopmentandSeismicData									$ 1,085,000
Costs Incurred, Acquisition of Oil and Gas Properties			1,152,000		226,000		(1,168,596)	(1,424,474)
Proceeds from Other Operating Activities							100,000
OverridingRoyaltyInterest							2.50%
RealizableInterestNet							26.00%
ImpairmentChangeBasedOnFutureValueOfProvedReserves						720,000	1,145,000
CommonStockSharesReservoirResources (in Shares)										12,500,000
CommonStockValueReservoirResources										12,500,000
PurchasePricePerShare (in Dollars per share)										$ 1.00
Impaired Assets to be Disposed of by Method Other than Sale, Amount of Impairment Loss	12,512,535
AcquisitionOfWorkingInterest				43.75%	43.75%
NetRevenueInterestRate				35.00%	35.00%
Purchase Price, White-tail Prospect					487,500
Reimbursement Revenue		50,000			87,500
Stock Issued During Period, Shares, Other (in Shares)					476,191
Stock Issued During Period, Value, Other					200,000
PurchasePriceOspreyProspect				80,000	291,723
Cost of Reimbursable Expense (in Dollars)		$ 40,000				$ 900

Percentage of acquisition of working interest.

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Number of shares of the Company's common stock exchanged for all of the issued and outstanding shares of the Seller's wholly-owned subsidiary, Reservoir Resources Limited.

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Value of shares of the Company's common stock exchanged for all of the issued and outstanding shares of the Seller's wholly-owned subsidiary, Reservoir Resources Limited.

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- Definition

Cost incurred to date of the development and seismic data.

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- Definition

Impairment change based on the independent assessment of the future value of its proved reserves.

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No definition available.

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Percentage of net revenue interest.

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- Definition

Percentage of overriding royalty interest of the overall gross market value at the time of production of all oil and gas produced from licensed areas from proceeds of the sale of oil and gas produced.

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No definition available.

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- Definition

Purchase price of shares of the Company's common stock in the Dansville Prospect.

+ References

No definition available.

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Purchase price of the interests in the Osprey Prospect.

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Purchase price per share of Company's common stock.

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- Definition

Purchase price of shares of the Company's common stock in the White-tail Prospect.

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No definition available.

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- Definition

Percentage rate of net realizable interest.

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No definition available.

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Cost associated with reimbursable income. This occurs when a services entity incurs expenses on behalf of the client and passes through the cost of reimbursable expenses to a client.

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Cost incurred, including capitalized costs and costs charged to expense, in acquisition of oil and gas properties.

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

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Loss recognized as a result of the initial and subsequent write-down of a long-lived asset's carrying amount to fair value.

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- Definition

Cash received during the current period for operating activities other than those that have been specifically listed above.

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Repayment received or receivable for expenses incurred on behalf of a client or customer, other than those reimbursements received by landlords from tenants.

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Number of shares of stock issued during the period that is attributable to transactions involving issuance of stock not separately disclosed.

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Value of shares of stock issued during the period that is attributable to transactions involving issuance of stock not separately disclosed.

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American Energy Development Corp. 10-K