Balance Sheets (USD $)	Sep. 30, 2012	Jun. 30, 2012
Assets
Cash	$ 50,197	$ 82,433
Oil and gas sales receivable	1,126,750	819,590
Prepaid expenses	21,383	30,750
Total Current Assets	1,198,330	932,773
Office equipment	30,417	30,417
Leasehold improvements	26,458	26,458
Accumulated depreciation	(38,915)	(37,732)
Net Property and Equipment	17,960	19,143
Investment in oil and gas working interest - related party	1,583,914	1,583,914
Security deposit	16,312	16,312
Total Other Assets	1,600,226	1,600,226
Total Assets	2,816,516	2,552,142
Liabilities and Stockholders' Equity
Accounts payable	51,849	58,190
Security deposits	13,200	13,200
Note payable	12,581	24,854
Accrued liabilities	241,099	232,216
Total Current Liabilities	318,729	328,460
Total Liabilities	318,729	328,460
Stockholders' Equity
Common stock, par value $0.001 per share; authorized 80,000,000 shares; 40,679,429 and 39,432,761 shares issued and outstanding, respectively	40,679	39,433
Capital in excess of par value	12,522,139	12,336,385
Accumulated deficit	(10,065,031)	(10,152,136)
Total Stockholders' Equity	2,497,787	2,223,682
Total Liabilities and Stockholders' Equity	$ 2,816,516	$ 2,552,142