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Acquisitions Fisher I Property (Details) (USD $)
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May 23, 2011
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| Percentage of property acquired by Fisher I Property of the working interest (75% net revenue) | 100 |
| Percentage of four producing leases of working interest (74.7% net revenue interest) | 99.6 |
| Area of undeveloped acres | 960 |
| Total cosideration by Fisher I Property | $ 2,296,228 |
| Cash consideration | 2,183,306 |
| Shares transferred | 20,000 |
| Common stock par value, | $ 2.00 |
| Common stock valued | 40,000 |
| The issuance of a put option relating to the Ring shares valued | 72,922 |
| Common stock price per share, | $ 5.00 |
| Risk free interest rate | 0.11 |
| Dividend yield | 0 |
| Expected life | 0.5 |
| Volatility | 207 |
| Proved developed and undeveloped oil and gas properties | 2,358,483 |
| Asset retirement obligation | (62,255) |
| Total Identifiable Net Assets | $ 2,296,228 |
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- Definition
Area of undeveloped acres No definition available.
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- Definition
The carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. No definition available.
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- Definition
Cash consideration No definition available.
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- Definition
Face amount or stated value of additional series of common stock per share; generally not indicative of the fair market value per share. No definition available.
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- Definition
Common stock price per share, No definition available.
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. No definition available.
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- Definition
Dividend yield No definition available.
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- Definition
Expected life No definition available.
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- Definition
Percentage of four producing leases of working interest (74.7% net revenue interest) No definition available.
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- Definition
Percentage of property acquired by Fisher I Property of the working interest (75% net revenue) No definition available.
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- Definition
Proved developed and undeveloped oil and gas properties No definition available.
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- Definition
Risk free interest rate No definition available.
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- Definition
Shares transferred No definition available.
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- Definition
The issuance of a put option relating to the Ring shares valued No definition available.
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- Definition
Area of undeveloped acres No definition available.
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- Definition
The net of assets and liabilities. No definition available.
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- Definition
Volatility No definition available.
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