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NOTE 9. INCOME TAXES (Detail) - Schedule of Net Deferred Tax Assets (USD $)
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Dec. 31, 2012
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| Deferred tax liabilities | |
| Less: Valuation allowance | $ (2,300,000) |
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Gross Value [Member]
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| Deferred tax assets | |
| Book Impairment | 0 |
| Net operating loss carryforwards | 2,303,816 |
| Asset retirement obligation | 0 |
| Other | 6,000 |
| Total deferred tax assets | 2,309,816 |
| Deferred tax liabilities | |
| O&G Properties | (1,029,050) |
| Other | 0 |
| Total deferred tax liabilities | (1,029,050) |
| Less: Valuation allowance | (1,280,766) |
| Net deferred tax assets (liabilities) | 0 |
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Tax Effect [Member]
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| Deferred tax assets | |
| Book Impairment | 0 |
| Net operating loss carryforwards | 806,336 |
| Asset retirement obligation | 0 |
| Other | 2,100 |
| Total deferred tax assets | 808,436 |
| Deferred tax liabilities | |
| O&G Properties | (360,168) |
| Other | 0 |
| Total deferred tax liabilities | (360,168) |
| Less: Valuation allowance | (448,268) |
| Net deferred tax assets (liabilities) | $ 0 |
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- Details
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- Definition
Amount before allocation of valuation allowances of deferred tax liability to taxable temporary differences. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after allocation of valuation allowances of noncurrent deferred tax asset attributable to deductible temporary differences and carryforwards. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from asset retirement obligations. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from estimated impairment losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of deferred tax liability attributable to taxable temporary differences not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of deferred tax liability attributable to taxable temporary differences from property, plant, and equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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