Basis Of Presentation And Significant Accounting Policies (Details) (USD $)
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8 Months Ended | 12 Months Ended |
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Dec. 31, 2011
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Dec. 31, 2012
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Significant Accounting Policies details | ||
Percentage of sales to one customer | 52.00% | 50.00% |
Percentage of sales to second customer | 42.00% | 25.00% |
Percentage of sales to third customer | 23.00% | |
Percentage of customers accounts receivable | 0.7100 | 0.9400 |
Depreciation expenses | $ 2,778 | $ 35,369 |
Depletion at the rate per barrel | 19.19 | 21.94 |
Depletion | 89,376 | 474,056 |
Stock-based employee compensation incurred | $ 95,897 | $ 944,681 |
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- Definition
The noncash expense charged against earnings to recognize the consumption of natural resources. No definition available.
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- Definition
Depletion at the rate per barrel No definition available.
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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. No definition available.
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- Definition
Percentage of customers accounts receivable No definition available.
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- Definition
Percentage of sales to one customer No definition available.
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- Definition
Percentage of sales to second customer No definition available.
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- Definition
Percentage of sales to third customer No definition available.
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- Details
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- Definition
Stock-based employee compensation incurred No definition available.
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