Balance Sheets (USD $)	Jun. 30, 2012	Jun. 30, 2011
Assets
Cash (Note 1)	$ 82,433	$ 246,061
Oil and gas sales receivable	819,590
Prepaid expenses	30,750	47,955
Total Current Assets	932,773	294,016
Office equipment	30,417	29,265
Leasehold improvements	26,458	26,458
Accumulated depreciation	(37,732)	(32,544)
Net Property and Equipment	19,143	23,179
Investment in oil and gas working interest	1,583,914	1,583,914
Security deposit	16,312	26,209
Total Other Assets	1,600,226	1,610,123
Total Assets	2,552,142	1,927,318
Liabilities and Stockholders' Equity
Accounts payable	58,190	64,336
Security deposits	13,200	13,200
Note payable	24,854	19,811
Accrued liabilities	232,216	889,840
Total Current Liabilities	328,460	987,187
Total Liabilities	328,460	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	39,433	34,385
Capital in excess of par value	12,336,385	10,948,430
Preferred Stock, 20,000,000 authorized (none issued)
Accumulated deficit	(10,152,136)	(10,042,684)
Total Stockholders' Equity	2,223,682	940,131
Total Liabilities and Stockholders' Equity	$ 2,552,142	$ 1,927,318