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Balance Sheets - USD ($)
Jun. 30, 2015
Jun. 30, 2014
Current Assets    
Cash $ 24,999 $ 11,814
Prepaid expenses 39,715 33,826
Total Current Assets 64,714 45,640
Property and Equipment    
Office equipment 25,670 23,417
Accumulated depreciation (22,702) (21,926)
Net Property and Equipment 2,968 1,491
Other Assets    
Investment in oil and gas working interest - related party $ 1,583,914 1,583,914
Oil and gas receivable 3,145,306
Security deposit 11,858
Total Other Assets $ 1,583,914 4,741,078
Total Assets 1,651,596 4,788,209
Current Liabilities    
Accounts payable 59,553 62,096
Note payable 32,935 26,401
Accrued liabilities 438,649 $ 358,283
Notes payable - related party 825,000
Total Current Liabilities $ 1,356,137 $ 446,780
Non-Current Liabilities    
Note payable - related party 650,000
Total Non-Current Liabilities 650,000
Total Liabilities $ 1,356,137 1,096,780
Stockholders' Equity    
Common stock, par value $0.001 per share; authorized 80,000,000 shares; 60,469,757 and 51,066,878 shares issued and outstanding, respectively 60,470 51,067
Capital in excess of par value 16,560,954 15,258,164
Preferred stock, 20,000,000 shares authorized (none issued) 0 0
Accumulated deficit (16,325,965) (11,617,802)
Total Stockholders' Equity 295,459 3,691,429
Total Liabilities and Stockholders' Equity $ 1,651,596 $ 4,788,209