| Cash and cash equivalents |
7.13K |
| Trade accounts receivable-oil and gas sales |
| Accounts receivable-other |
16.64K |
| Prepaid expenses |
59.8K |
| Total current assets |
83.57K |
| Unproved properties |
2.66M |
| Proved properties |
57.15M |
| Gas processing plant, at cost |
5.53M |
| Less-accumulated depletion, depreciation, and impairment |
-41.99M |
| Net oil and gas properties |
23.35M |
| Furniture, fixtures and equipment, at cost, net of depreciation |
12.76K |
| Other assets |
49.34K |
| Total Assets |
23.5M |
| Trade payables |
2.15M |
| Current portion of notes payable |
| Note payable related party |
901K |
| Interest payable |
513.16K |
| Dividends payable |
1.44M |
| Production taxes payable |
| Other taxes payable |
| Royalty owners payable |
327.84K |
| Deposit on sale of equipment |
| Total current liabilities |
8.37M |
| Long Term Notes Payable |
124.84K |
| Asset Retirement Obligations |
75K |
| Other Long Term Liabilities |
40.29K |
| Total Liabilities |
8.61M |
| Series B preferred stock, no par value; 7,523,000 shares authorized; 7,503,000 and 7,523,000 shares issued and outstanding at June 30, 2011 and December 31, 2010, respectively. Liquidation preference of $5,627,250 and $5,642,250 at June 30, 2011 and December 31, 2010, respectively. |
3.7M |
| Common stock, no par value; 100,000,000 shares authorized; 42,173,101 and 39,090,845 shares issued and outstanding at June 30, 2011 and December 31, 2010, respectively |
61.31M |
| Additional paid-in capital |
4.58M |
| Accumulated deficit |
-54.7M |
| Total shareholders' equity |
| Total Liabilities and Shareholders' Equity |
23.5M |
