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Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Statements Of Operations        
Revenue - Oil and gas royalties $ 312,339 $ 309,421 $ 624,458 $ 616,581
Expenses        
Administrative salaries 104,896 101,708 210,432 206,702
Legal and professional 59,741 85,332 125,508 138,950
General and administrative 68,545 40,431 120,453 82,896
Office overhead expenses 30,371 16,900 41,055 32,387
Depreciation 1,138 1,183 2,275 2,366
Total Expenses 264,691 245,554 499,723 463,301
Net Operating Income 47,648 63,867 124,735 153,280
Other Income and (Expense)        
Warrant settlements    (19,647)    (19,647)
Interest expense (2,330) (1,996) (4,853) (4,304)
Total Other Income (Expense) (2,330) (21,643) (4,853) (23,951)
Net Income Before Tax 45,318 42,224 119,882 129,329
Income Tax 0 0 0 0
Net Income $ 45,318 $ 42,224 $ 119,882 $ 129,329
Earnings per Share        
Basic $ 0.00 $ 0.00 $ 0.00 $ 0.00
Fully Diluted $ 0.00 $ 0.00 $ 0.00 $ 0.00
Weighted Average Number of Shares Outstanding        
Basic 47,388,601 41,212,762 46,102,188 40,081,711
Fully Diluted 52,248,601 43,572,762 50,962,188 42,441,711