Basis Of Presentation And Significant Accounting Policies Oil and Gas Properties (Details) (USD $)
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3 Months Ended | 9 Months Ended | ||
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Sep. 30, 2013
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Sep. 30, 2012
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Sep. 30, 2013
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Sep. 30, 2012
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Basis Of Presentation And Significant Accounting Policies Oil and Gas Properties | ||||
Amortization expense on oil & Gas properties | $ 917,116 | $ 117,267 | $ 1,657,386 | $ 293,102 |
Depletion at the rate per barrel | 27.43 | 21.43 | 27.43 | 21.43 |
Depreciation expenses on oil and Gas properties | $ 17,584 | $ 10,501 | $ 42,990 | $ 31,502 |
Estimated present value of future net revenues from proved reserves, discounted at a an interest rate % | 10.00% |
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- Details
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- Definition
Depletion at the rate per barrel No definition available.
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- Definition
Estimated present value of future net revenues from proved reserves, discounted at a an interest rate % No definition available.
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- Definition
The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The expense recognized in the current period that allocates the cost of a tangible asset over the asset's useful life. This element applies only to an asset used in the production of goods sold. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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