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Statements of Operations (USD $)
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3 Months Ended | 6 Months Ended | 84 Months Ended | ||
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Jun. 30, 2011
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Jun. 30, 2010
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Jun. 30, 2011
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Jun. 30, 2010
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Jun. 30, 2011
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| Revenue from oil and gas properties | $ 0 | $ 1,258 | $ 2,624 | $ 6,455 | $ 16,744 |
| Production costs | 0 | (1,429) | (600) | (3,253) | (15,252) |
| Depreciation, depletion, and amortization | 0 | 0 | 0 | (1,463) | (3,125) |
| Results from oil and gas operations | 0 | (171) | 2,024 | 1,739 | (1,633) |
| Accounting and legal | 9,096 | 1,955 | 17,708 | 14,912 | 171,453 |
| Advertising and promotion | 0 | 0 | 0 | 0 | 49,614 |
| Consulting | 0 | 0 | 10,275 | 0 | 135,450 |
| Management and director fees | 3,750 | 3,750 | 7,500 | 7,500 | 54,900 |
| Transfer agent and filing | 320 | 695 | 630 | 1,430 | 27,434 |
| Rent | 3,300 | 3,100 | 6,600 | 6,100 | 37,800 |
| Depreciation | 299 | 300 | 599 | 600 | 3,197 |
| Other | 207 | 450 | 416 | 1,312 | 40,187 |
| Total General Administrative Expenses | 16,972 | 10,250 | 43,728 | 31,854 | 520,035 |
| Loss From Operations | (16,972) | (10,421) | (41,704) | (30,115) | (521,668) |
| Dividend and interest Income | 707 | 1,047 | 1,487 | 1,396 | 37,468 |
| Interest expense | 0 | 0 | 0 | 0 | 5,221 |
| Loss on impairment of oil and gas properties | 0 | (22,655) | 0 | (22,655) | (292,917) |
| Total Other Income and (Expense) | 707 | (21,608) | 1,487 | (21,259) | (260,670) |
| Loss Before Income Taxes | (16,265) | (32,029) | (40,217) | (51,374) | (782,338) |
| Income tax benefit (expense) | 0 | 0 | 0 | 0 | 0 |
| Net loss before other comprehensive loss | $ (16,265) | $ (32,029) | $ (40,217) | $ (51,374) | $ (782,338) |
| Net loss per common share, basic and diluted | $ 0.00 | $ (0.01) | $ (0.01) | $ (0.01) | |
| Weighted average number of common shares outstanding | 3,548,200 | 3,548,200 | 3,548,200 | 3,548,200 | |
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- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Income derived from investments in debt and equity securities and on cash and cash equivalents. Interest income represents earnings which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Dividend income represents a distribution of earnings to shareholders by investee companies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Rental expense incurred for leased assets including furniture and equipment which has not been recognized in costs and expenses applicable to sales and revenues; for example, cost of goods sold or other operating costs and expenses.
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The amount of expense provided in the period for legal costs incurred on or before the balance sheet date pertaining to resolved, pending or threatened litigation, including arbitration and mediation proceedings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Costs incurred to operate and maintain an entities' wells and related equipment and facilities, including depreciation and applicable operating costs of support equipment and facilities and other costs of operating and maintaining those wells and related equipment and facilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The net result for the period of deducting operating expenses from operating revenues.
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Amount of general expenses not normally included in Other Operating Costs and Expenses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Total revenues from oil and gas producing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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