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Consolidated Statements of Loss and Comprehensive Loss (CAD)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenue      
Survey revenue [note 16] 10,937,575 144,650 443,011
Expense      
Survey cost 3,633,645 46,713 466,428
General and administrative 4,508,506 3,218,143 3,678,806
Stock based compensation expense [note 10] 265,000 344,800 577,815
Amortization of property and equipment 125,015 160,478 164,065
Total expense 8,532,166 3,770,134 4,887,114
Operating (loss) profit 2,405,409 (3,625,484) (4,444,103)
Other expense (income)      
Interest expense (income), net 2,744 (16,353) (9,923)
Loss (gain) on foreign exchange 14,686 (28,209) 16,509
Oil and natural gas operations 15,273 3,679 665
Other expense 51,700    1,074
Change in fair value of derivative instruments [note 12] (168,143)      
Total other income (expense) (83,740) (40,883) 8,325
Income (loss) before income taxes 2,489,149 (3,584,601) (4,452,428)
Income tax expense [note 13] 426,421      
Income (loss) and comprehensive income (loss) 2,062,728 (3,584,601) (4,452,428)
Income (loss) per share [note 9] - Basic 0.05 (0.10) (0.14)
Income (loss) per share [note 9] - Diluted 0.04 (0.10) (0.14)