Annual report pursuant to section 13 and 15(d)

NOTE 5. EQUITY (Details)

v2.4.0.8
NOTE 5. EQUITY (Details) (USD $)
12 Months Ended 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Restricted Stock [Member]
Director [Member]
Dec. 31, 2013
Restricted Stock [Member]
Employee [Member]
Dec. 31, 2013
Restricted Stock [Member]
Chief Financial Officer [Member]
Sep. 30, 2013
Restricted Stock [Member]
Chief Financial Officer [Member]
Dec. 31, 2013
Restricted Stock [Member]
Total Unrecognized Compensation [Member]
Dec. 31, 2013
Restricted Stock [Member]
Amortizable Unrecognized Compensation [Member]
Dec. 31, 2013
Restricted Stock [Member]
Dec. 31, 2012
Treasury Stock [Member]
Dec. 31, 2012
Director [Member]
Director and Private Placement [Member]
Dec. 31, 2013
Employee [Member]
Dec. 31, 2013
623.29 Acre Lease in Milam County, Texas [Member]
Dec. 31, 2012
Officer and Employee [Member]
Dec. 31, 2012
Private Placement [Member]
Dec. 31, 2012
Officer, Directors and Private Placement [Member]
Dec. 31, 2012
Director and Private Placement [Member]
Dec. 31, 2012
Consulting Services [Member]
Dec. 31, 2013
Common Stock Shares Transferred, Michael Smith [Member]
Dec. 31, 2013
Common Stock Shares Transferred, Former Officer and Other Shareholders [Member]
Dec. 31, 2013
Additional Shares Cancelled [Member]
Dec. 31, 2013
Lease Assignment in Milam County, Texas [Member]
acre
NOTE 5. EQUITY (Details) [Line Items]                                            
Preferred Stock, Shares Authorized 1,000,000 1,000,000                                        
Stock Issued During Period, Shares, New Issues                   9,125,500 250,000       1,000,000 8,367,850 5,781,798         500,000
Stock Issued During Period, Value, New Issues (in Dollars)   $ 4,272,403               $ 9,126         $ 51,250 $ 173,902           $ 395,000
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures                       20,000   210,000                
Shares Issued, Price Per Share (in Dollars per share)     $ 0.27 $ 0.27   $ 0.27             $ 0.38 $ 0.02       $ 0.70        
Sale of Stock, Price Per Share (in Dollars per share)                                 $ 0.70          
Number of Directors                                 1          
Stock Issued During Period, Shares, Issued for Services                                   105,000        
Stock Repurchased and Retired During Period, Shares                                     1,600,000 2,031,707 45,000  
Payments for Repurchase of Common Stock (in Dollars)                                     100 900    
Treasury Stock, Shares, Retired 20,000                                          
Working interest in property                                           100.00%
Net revenue interest in property                                           75.00%
Area of Land (in Acres)                                           623
Land Assignment, Description                                           The Company had previously been assigned an aggregate of 202.5 acres out of this 623-acre lease via an assignment in March 2012 of 200 acres and an assignment in October 2012 of 2.5 acres.
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures (in Dollars) 36,322 4,200                   5,400                    
Stock Issued During Period, Shares, Restricted Stock Award, Gross     500,000 100,000 300,000       825,000                          
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights     200,000 shares shall vest in equal quarterly increments over the course of twelve months beginning on November 5, 2013. The remaining 300,000 shares shall vest upon the Company's attainment of certain production milestones, in increments of 100,000 shares per occurrence. Vesting of all shares is subject to Mr. Ferguson's continued service as a director These shares shall vest in equal quarterly increments over the course of twelve months beginning on November 5, 2013. Vesting of all shares is subject to the employee's continued service These shares shall vest upon the Company's attainment of certain production milestones, in increments of 100,000 shares per occurrence. Vesting of all shares is subject to Mr. Spezialy's continued service as an executive officer                                  
Stock Issued During Period, Value, Restricted Stock Award, Gross (in Dollars)     135,000.00 27,000 81,000                                  
Allocated Share-based Compensation Expense (in Dollars) 36,322 4,200 21,896 9,026                                    
Stock Issued During Period, Shares, Acquisitions                         100,000                  
Common Stock, Shares, Outstanding 14,178,041 17,159,748                                        
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized (in Dollars)             $ 212,079 $ 50,079                            
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition               8 years