Balance Sheets (USD $)	Mar. 31, 2012	Jun. 30, 2011
Assets
Cash	$ 11,493	$ 246,061
Oil and gas sales receivable	514,840
Prepaid expenses	14,525	47,955
Total Current Assets	540,858	294,016
Office equipment	30,417	29,265
Leasehold improvements	26,458	26,458
Accumulated depreciation	(36,435)	(32,544)
Net Property and Equipment	20,440	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	2,171,421	1,927,318
Liabilities and Stockholders' Equity
Accounts payable	61,580	64,336
Security deposits	13,200	13,200
Note payable		19,811
Accrued liabilities	130,317	889,840
Total Current Liabilities	205,097	987,187
Total Liabilities	205,097	987,187
Stockholders' Equity
Common stock, par value $0.001 per share; authorized 80,000,000 shares; 37,982,761 and 34,385,333 shares issued and outstanding, respectively	37,982	34,353
Capital in excess of par value	12,082,836	10,948,465
Accumulated deficit	(10,154,494)	(10,042,687)
Total Stockholders' Equity	1,966,324	940,131
Total Liabilities and Stockholders' Equity	$ 2,171,421	$ 1,927,318