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Statements of Operations (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Mar. 31, 2013
Statements Of Operations        
Revenue - Oil and Gas Royalties $ 318,855 $ 298,290 $ 943,313 $ 914,871
Expenses        
Administrative salaries 127,629 112,640 338,061 319,342
Legal and professional 410,474 86,518 535,982 225,468
General and administrative 64,961 37,503 185,414 120,399
Office overhead expenses 11,825 15,692 52,880 48,079
Depreciation 1,137 1,184 3,412 3,550
Bad debt expense 2,980,456    2,980,456   
Total Expenses 3,596,482 253,537 4,096,205 716,838
Net Operating Income (Loss) (3,277,627) 44,753 (3,152,892) 198,033
Other Income and (Expense)        
Warrant settlements (257,075)    (257,075) (19,647)
Interest expense (3,789) (2,139) (8,642) (6,443)
Total Other Income (Expense) (260,864) (2,139) (265,717) (26,090)
Net Income (Loss) Before Tax (3,538,491) 42,614 (3,418,609) 171,943
Income Tax 0 0 0 0
Net Income (Loss) $ (3,538,491) $ 42,614 $ (3,418,609) $ 171,943
Earnings per Share        
Basic $ (0.07) $ 0.00 $ (0.07) $ 0.00
Fully Diluted $ 0 $ 0.00 $ 0 $ 0.00
Weighted Average Number of Shares Outstanding        
Basic 47,487,668 42,927,429 46,542,584 40,755,119
Fully Diluted 53,383,320 45,287,429 51,785,796 43,115,119