Balance Sheets (USD $)	Dec. 31, 2011	Jun. 30, 2011
Assets
Cash	$ 60,273	$ 246,061
Oil and gas sales receivable	272,812
Prepaid expenses	22,948	47,955
Total Current Assets	356,033	294,016
Office equipment	30,417	29,265
Leasehold improvements	26,458	26,458
Accumulated depreciation	(35,138)	(32,544)
Net Property and Equipment	21,737	23,179
Investment in oil and gas working interest - related party	1,583,914	1,583,914
Security deposit	26,209	26,209
Total Other Assets	1,610,123	1,610,123
Total Assets	1,987,893	1,927,318
Liabilities and Stockholders' Equity
Accounts payable	64,206	64,336
Security deposits	13,200	13,200
Note payable	5,734	19,811
Accrued liabilities	119,420	889,840
Total Current Liabilities	202,560	987,187
Total Liabilities	202,560	987,187
Stockholders' Equity
Common stock, par value $0.001 per share; authorized 80,000,000 shares; 36,973,526 and 34,385,333 shares issued and outstanding, respectively	36,973	34,353
Capital in excess of par value	11,905,845	10,948,465
Accumulated deficit	(10,157,485)	(10,042,687)
Total Stockholders' Equity	1,785,333	940,131
Total Liabilities and Stockholders' Equity	$ 1,987,893	$ 1,927,318