MNP Petroleum (MNAP) Inactive 10-Q11 Aug 142014 Q2 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
Document and Entity Information	Jun. 30, 2014	Aug. 08, 2014
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Jun-14	'
Trading Symbol	'mnap	'
Entity Registrant Name	'MNP Petroleum Corp	'
Entity Central Index Key	'0001074447	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	172,592,292
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Well Known Seasoned Issuer	'No	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Dec. 31, 2013
ASSETS	'	'
Cash and cash equivalents	$7,047,161	$3,063,947
Restricted cash	215,033	46,738
Accounts receivable	22,968	32,508
Investment in associate (Petromanas)	2,549,020	7,478,799
Other prepaid expenses	569,287	302,713
Total current assets	10,403,469	10,924,705
Tangible fixed assets	118,794	132,374
Oil and gas properties (unproved)	742,361	772,855
Transaction prepayment	10,000,000	10,111,656
Total non-current assets	10,861,155	11,016,885
TOTAL ASSETS	21,264,624	21,941,590
LIABILITIES AND SHAREHOLDERS' EQUITY	'	'
Accounts payable	691,084	447,736
Accrued expenses exploration costs	0	312,000
Other accrued expenses	125,700	332,835
Refundable deposits	1,648	0
Total current liabilities	818,432	1,092,571
Pension liabilities	142,271	142,271
Total non-current liabilities	142,271	142,271
TOTAL LIABILITIES	960,703	1,234,842
Common Stock (600,000,000 shares authorized as of June 30, 2014 and December 31, 2013, USD 0.001 par value, 172,592,292 and 172,592,292 shares, respectively, issued and outstanding)	172,592	172,592
Additional paid-in capital	78,570,284	78,527,990
Treasury stock	-102,242	0
Retained deficit accumulated during the exploration stage	-58,375,033	-58,044,835
Currency translation adjustment	38,320	51,001
TOTAL SHAREHOLDERS' EQUITY	20,303,921	20,706,748
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$21,264,624	$21,941,590

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Common Stock, Shares Authorized	600,000,000	600,000,000
Common Stock, Par Value Per Share	$0.00	$0.00
Common Stock, Shares, Issued	172,592,292	172,592,292
Common Stock, Shares, Outstanding	172,592,292	172,592,292

CONSOLIDATED_STATMENTS_OF_OPER

CONSOLIDATED STATMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended		6 Months Ended		121 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014
OPERATING REVENUES	'	'	'	'	'
Other revenues	$0	$0	$0	$0	$1,375,728
Total revenues	0	0	0	0	1,375,728
OPERATING EXPENSES	'	'	'	'	'
Personnel costs	-377,362	-580,808	-777,022	-1,303,735	-33,538,050
Exploration costs	-369,636	-359,657	-662,064	-534,755	-20,929,945
Depreciation	-12,120	-13,858	-24,270	-25,788	-410,068
Consulting fees	-438,071	-519,078	-769,467	-995,952	-15,555,452
Administrative costs	-422,742	-349,125	-733,303	-723,568	-18,976,655
Total operating expenses	-1,619,931	-1,822,526	-2,966,126	-3,583,798	-89,410,170
Gain from sale of investment	0	0	0	0	3,864,197
Loss from sale of investment	0	0	0	0	-900
Operating loss	-1,619,931	-1,822,526	-2,966,126	-3,583,798	-84,171,145
NON-OPERATING INCOME / (EXPENSE)	'	'	'	'	'
Exchange differences	-18,779	-11,712	-45,258	-35,722	62,903
Changes in fair value of warrants	0	0	0	0	-10,441,089
Warrants issuance expense	0	0	0	0	-9,439,775
Gain from sale of subsidiary	0	0	0	0	57,850,918
Change in fair value of investment in associate	1,066,625	-339,675	2,686,428	-7,487,735	-14,881,681
Interest income	0	765	0	843	609,201
Interest expense	-85	0	-153	0	-2,637,474
Loss on extinguishment of debt	0	0	0	0	-117,049
Loss from sale of investment in associate	0	0	0	0	-3,507,397
Income/(Loss) before taxes and equity in net loss of associate	-572,170	-2,173,148	-325,109	-11,106,412	-66,672,588
Income taxes	-2,350	-225	-5,089	-225	-150,642
Equity in net loss of associate	0	0	0	0	-24,523
Net income/(loss) from continuing operations	-574,520	-2,173,373	-330,198	-11,106,637	-66,847,753
DISCONTINUED OPERATIONS	'	'	'	'	'
Gain from divestiture	0	0	0	0	51,663
Operating expenses	0	0	0	0	-647,213
Income/(Loss) from discontinued operations	0	0	0	0	-595,550
Net income/(loss)	-574,520	-2,173,373	-330,198	-11,106,637	-67,443,303
Net loss attributable to non-controlling interest	0	0	0	0	-18,700
Net income/(loss) attributable to Manas	-574,520	-2,173,373	-330,198	-11,106,637	-67,462,003
Currency translation adjustment attributable to Manas	0	0	0	0	51,001
Net comprehensive income/(loss) attributable to Manas	-574,520	-2,173,373	-330,198	-11,106,637	-67,411,002
Net comprehensive loss attributable to non-controlling interest	0	0	0	0	18,700
Net comprehensive income/(loss)	($574,520)	($2,173,373)	($330,198)	($11,106,637)	($67,392,302)
Weighted average number of outstanding shares (basic)	172,592,292	172,592,292	172,592,292	172,592,292	130,286,002
Weighted average number of outstanding shares (diluted)	172,592,292	172,592,292	172,592,292	172,592,292	130,286,002
Basic earnings/(loss) per share attributable to Manas	$0	($0.01)	$0	($0.06)	($0.52)
Basic earnings/(loss) per share - continuing operations	$0	($0.01)	$0	($0.06)	($0.50)
Basic earnings/(loss) per share - discontinued operations	'	'	'	'	($0.01)
Diluted earnings/(loss) per share attributable to Manas	$0	($0.01)	$0	($0.06)	($0.52)
Diluted earnings/(loss) per share - continuing operations	$0	($0.01)	$0	($0.06)	($0.50)
Diluted earnings/(loss) per share - discontinued operations	'	'	'	'	($0.01)

CONSOLIDATED_CASH_FLOW_STATEME

CONSOLIDATED CASH FLOW STATEMENT (USD $)	6 Months Ended		121 Months Ended
CONSOLIDATED CASH FLOW STATEMENT (USD $)	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014
OPERATING ACTIVITIES	'	'	'
Net income/(loss)	($330,198)	($11,106,637)	($67,443,303)
To reconcile net income/(loss) to net cash used in operating activities	'	'	'
Gain from sale of subsidiary	0	0	-57,850,918
Gain from sale of investment	0	0	-3,864,197
Loss from sale of investment	0	0	3,508,297
Gain from divestiture of discontinued operations	0	0	-72,000
Change in fair value of investment in associate	-2,686,428	7,487,735	14,881,681
Equity in net loss of associate	0	0	262,828
Depreciation	24,270	25,788	410,068
Amortization of debt issuance costs	0	0	349,910
Warrant issuance expense / (income)	0	0	19,880,864
Exchange differences	45,258	35,722	-62,903
Non cash adjustment to exploration costs	0	0	-204,753
Non cash interest income	0	0	-25,619
Interest expense on contingently convertible loan	0	0	236,798
Loss on extinguishment of contingently convertible loan	0	0	83,202
Interest expense on debentures	0	0	764,142
Loss on extinguishment of debentures	0	0	33,847
Stock-based compensation	42,294	499,573	28,075,470
Decrease / (increase) in receivables and prepaid expenses	-258,607	78,729	-590,263
(Decrease) / increase in accounts payables	244,921	434,015	183,288
(Decrease) / increase in accrued expenses	-207,135	80,554	51,491
Change in pension liability	0	0	142,271
Cash flow (used in) / from operating activities	-3,125,625	-2,464,521	-61,249,799
INVESTING ACTIVITIES	'	'	'
Transaction prepayment	0	0	-10,111,656
Capitalized exploration expenditure	-281,506	0	-742,361
Purchase of tangible fixed assets and computer software	-10,690	-37,900	-648,353
Sale of tangible fixed assets and computer software	0	0	100,813
Proceeds from sale of investment	7,570,842	0	40,179,792
Decrease / (increase) restricted cash	-56,639	4,075	-103,377
Acquisition of investment in associate	0	0	-67,747
Cash flow (used in) / from investing activities	7,222,007	-33,825	28,607,111
FINANCING ACTIVITIES	'	'	'
Contribution share capital founders	0	0	80,019
Issuance of units	0	0	37,282,734
Issuance of contingently convertible loan	0	0	1,680,000
Issuance of debentures	0	0	3,760,000
Issuance of promissory notes to shareholders	0	0	540,646
Repurchase on Shares	-102,242	0	-102,242
Repayment of contingently convertible loan	0	0	-2,000,000
Repayment of debentures	0	0	-4,000,000
Repayment of promissory notes to shareholders	0	0	-540,646
Proceeds from exercise of options	0	0	240,062
Issuance of warrants	0	0	670,571
Proceeds from exercise of warrants	0	0	2,260,959
Cash arising on recapitalization	0	0	6,510
Shareholder loan repaid	0	0	-3,385,832
Shareholder loan raised	0	0	4,653,720
Repayment of bank loan	0	0	-2,520,000
Increase in bank loan	0	0	2,520,000
Increase in short-term loan	0	0	917,698
Payment of unit issuance costs	0	0	-2,348,250
Payment of debt issuance costs	0	0	-279,910
Increase / (decrease) in refundable deposits	1,648	-130,354	1,648
Cash flow (used in) / from financing activities	-100,594	-130,354	39,437,687
Net change in cash and cash equivalents	3,995,788	-2,628,700	6,794,998
Cash and cash equivalents at the beginning of the period	3,063,947	2,842,495	0
Currency translation effect on cash and cash equivalents	-12,574	-35,722	252,163
Cash and cash equivalents at the end of the period	7,047,161	178,073	7,047,161
Supplement schedule of non-cash investing and financing activities:	'	'	'
Forgiveness of debt by major shareholder	0	0	1,466,052
Deferred consideration for interest in CJSC South Petroleum Co.	0	0	193,003
Warrants issued to pay unit issuance costs	0	0	280,172
Warrants issued to pay placement commission expenses	0	0	2,689,910
Debenture interest paid in common shares	0	0	213,479
Forgiveness of advance payment from Petromanas Energy Inc.	0	0	917,698
Initial fair value of shares of investment in Petromanas	0	0	46,406,821
Offset of impairment of oil and gas properties and renegotiation of accrued expenses	312,000	0	312,000
Forgiveness of receivable due from Manas Adriatic GmbH	0	0	-3,449,704
Transfer from transaction prepayment to restricted cash due to acquisition of TF Petroleum AG	$111,656	$0	$111,656

CONSOLIDATED_STATEMENTS_OF_SHA

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY/(DEFICIT) (USD $)	Common Stock [Member]	Additional paid-in capital [Member]	Treasury stock [Member]	Deficit accumulated during the development stage [Member]	Accumulated Other Compre-hensive Income (Loss) [Member]	Total
Beginning Balance at May. 25, 2004	'	'	'	'	'	'
Contribution share capital from founders	$80,000	$19	'	'	'	$80,019
Contribution share capital from founders (Shares)	80,000,000	'	'	'	'	'
Currency translation adjustment	'	'	'	'	-77,082	-77,082
Net loss for the year	'	'	'	-601,032	'	-601,032
Ending Balance at Dec. 31, 2004	80,000	19	'	-601,032	-77,082	-598,095
Ending Balance (Shares) at Dec. 31, 2004	80,000,000	'	'	'	'	'
Currency translation adjustment	'	'	'	'	218,699	218,699
Net loss for the year	'	'	'	-1,993,932	'	-1,993,932
Ending Balance at Dec. 31, 2005	80,000	19	'	-2,594,964	141,617	-2,373,328
Ending Balance (Shares) at Dec. 31, 2005	80,000,000	'	'	'	'	'
Forgiveness of debt by major shareholder	'	1,466,052	'	'	'	1,466,052
Currency translation adjustment	'	'	'	'	-88,153	-88,153
Net loss for the year	'	'	'	1,516,004	'	1,516,004
Ending Balance at Dec. 31, 2006	80,000	1,466,071	'	-1,078,960	53,464	520,575
Beginning Balance (Shares) at Dec. 31, 2006	80,000,000	'	'	'	'	'
Recapitalization transaction	20,111	-356,732	'	'	'	-336,621
Recapitalization transaction (Shares)	20,110,400	'	'	'	'	'
Stock-based compensation	880	7,244,409	'	'	'	7,245,289
Stock-based compensation (Shares)	880,000	'	'	'	'	'
Private placement of Units, issued for cash	10,330	9,675,667	'	'	'	9,685,997
Private placement of Units, issued for cash (Shares)	10,330,152	'	'	'	'	'
Private placement of Units	11	-11	'	'	'	'
Private placement of Units (Shares)	10,709	'	'	'	'	'
Private placement of Units, issued for cash (2)	825	3,521,232	'	'	'	3,522,057
Private placement of Units, issued for cash (2) (Shares)	825,227	'	'	'	'	'
Currency translation adjustment	'	'	'	'	3,069	3,069
Net loss for the year	'	'	'	-12,825,496	'	-12,825,496
Ending Balance at Dec. 31, 2007	112,157	21,550,636	'	-13,904,456	56,533	7,814,870
Ending Balance (Shares) at Dec. 31, 2007	112,156,488	'	'	'	'	'
Stock-based compensation	2,895	9,787,978	'	'	'	9,790,873
Stock-based compensation (Shares)	2,895,245	'	'	'	'	'
Private placement of Units, issued for cash	4,000	1,845,429	'	'	'	1,849,429
Private placement of Units, issued for cash (Shares)	4,000,000	'	'	'	'	'
Issuance of warrants	'	10,110,346	'	'	'	10,110,346
Beneficial Conversion Feature	'	557,989	'	'	'	557,989
Currency translation adjustment	'	'	'	'	-13,212	-13,212
Net loss for the year	'	'	'	-30,296,106	'	-30,296,106
Ending Balance at Dec. 31, 2008	119,052	43,852,378	'	-44,200,563	43,322	-185,811
Ending Balance (Shares) at Dec. 31, 2008	119,051,733	'	'	'	'	'
Stock-based compensation	'	4,475,953	'	'	'	4,475,953
Adoption of ASC 815-40	'	-9,679,776	'	9,086,972	'	-592,804
Reclassification warrants	'	10,883,811	'	'	'	10,883,811
Currency translation adjustment	'	'	'	'	7,679	7,679
Net loss for the year	'	'	'	-21,618,015	'	-21,618,015
Ending Balance at Dec. 31, 2009	119,052	49,532,366	'	-56,731,606	51,001	-7,029,187
Beginning Balance (Shares) at Dec. 31, 2009	119,051,733	'	'	'	'	'
Stock-based compensation	2,103	4,174,558	'	'	'	4,176,661
Stock-based compensation (Shares)	2,103,527	'	'	'	'	'
Exercise of warrants	3,832	2,257,127	'	'	'	2,260,959
Exercise of warrants (Shares)	3,832,133	'	'	'	'	'
FV adjustment of exercised warrants	'	72,644	'	'	'	72,644
Reclassification warrants	'	77,439	'	'	'	77,439
Shares to be issued	'	240,062	'	'	'	240,062
Redeemable shares	'	-2,517,447	'	'	'	-2,517,447
Net loss for the year	'	'	'	74,442,353	'	74,442,353
Ending Balance at Dec. 31, 2010	124,987	53,836,749	'	17,710,747	51,001	71,723,484
Ending Balance (Shares) at Dec. 31, 2010	124,987,393	'	'	'	'	'
Stock-based compensation	2,106	797,190	'	'	'	799,296
Stock-based compensation (Shares)	2,106,082	'	'	'	'	'
TSX Listing Units, issued for cash	44,451	19,552,378	'	'	'	19,596,829
TSX Listing Units, issued for cash (Shares)	44,450,500	'	'	'	'	'
Exercise of options	923	-923	'	'	'	'
Exercise of options (Shares)	923,317	'	'	'	'	'
Redeemable shares	'	2,517,447	'	'	'	2,517,447
Net loss for the year	'	'	'	-53,015,719	'	-53,015,719
Ending Balance at Dec. 31, 2011	172,467	76,702,841	'	-35,304,972	51,001	41,621,337
Ending Balance (Shares) at Dec. 31, 2011	172,467,292	'	'	'	'	'
Stock-based compensation	125	1,126,045	'	'	'	1,126,170
Stock-based compensation (Shares)	125,000	'	'	'	'	'
Net loss for the year	'	'	'	-11,778,750	'	-11,778,750
Ending Balance at Dec. 31, 2012	172,592	77,828,886	'	-47,083,722	51,001	30,968,757
Ending Balance (Shares) at Dec. 31, 2012	172,592,292	'	'	'	'	'
Stock-based compensation	'	699,104	'	'	'	699,104
Net loss for the year	'	'	'	-10,961,113	'	-10,961,113
Ending Balance at Dec. 31, 2013	172,592	78,527,990	'	-58,044,835	51,001	20,706,748
Ending Balance (Shares) at Dec. 31, 2013	172,592,292	'	'	'	'	'
Stock-based compensation	'	42,294	'	'	'	42,294
Treasury stock	'	'	-102,242	'	'	-102,242
Currency translation adjustment	'	'	'	'	-12,681	-12,681
Net loss for the year	'	'	'	-330,198	'	-330,198
Ending Balance at Jun. 30, 2014	$172,592	$78,570,284	($102,242)	($58,375,033)	$38,320	$20,303,921
Ending Balance (Shares) at Jun. 30, 2014	172,592,292	'	'	'	'	'

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
BASIS OF PRESENTATION	Jun. 30, 2014
BASIS OF PRESENTATION [Text Block]	'

	1. BASIS OF PRESENTATION

	The financial statements presented in this Form 10-Q comprise MNP Petroleum Corporation (“MNP” or the “Company”) and its subsidiaries (collectively, the “Group”). The unaudited interim Consolidated Financial Statements included in this Form 10-Q have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and present our financial position, results of operations, cash flows and changes in stockholder’s equity. These financial statements should be read in conjunction with the consolidated financial statements and the notes thereto, included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.

	In terms of the oil and gas industry lifecycle, the Company considers itself to be an exploration stage company. Since it has not realized any revenues from its planned principal operations, the Company presents its financial statements in conformity with US GAAP that apply in establishing operating enterprises, i.e. development stage companies. As an exploration stage enterprise, the Company discloses the deficit accumulated during the exploration stage and the cumulative statements of operations and cash flows from inception to the current balance sheet date.

	The Company, formerly known as Express Systems Corporation, was incorporated in the State of Nevada on July 9, 1988.

	On April 10, 2007, the Company completed the Exchange Transaction whereby it acquired its then sole subsidiary DWM Petroleum AG (“DWM Petroleum”) pursuant to an exchange agreement signed in November 2006 whereby 100% of the shares of DWM Petroleum were exchanged for 80,000,000 common shares of the Company. As part of the closing of this exchange transaction, the Company issued 800,000 shares as finder’s fees at the closing price of USD3.20.

	The acquisition of DWM Petroleum was accounted for as a merger of a private operating company into a non-operating public shell. Consequently, the Company was the continuing legal registrant for regulatory purposes and DWM Petroleum was treated as the continuing accounting acquirer for accounting and reporting purposes. The assets and liabilities of DWM Petroleum remained at historic cost. Under US GAAP in transactions involving the merger of a private operating company into a non-operating public shell, the transaction is equivalent to the issuance of stock by DWM Petroleum for the net monetary assets of the Company, accompanied by a recapitalization. The accounting is identical to a reverse acquisition, except that no goodwill or other intangibles are recorded.

	The Group has a focused strategy on exploration and developing oil and gas resources in Central Asia (Tajikistan and Mongolia). The Company holds an investment in associate in Petromanas Energy Inc.

ACCOUNTING_POLICIES

ACCOUNTING POLICIES	6 Months Ended
ACCOUNTING POLICIES	Jun. 30, 2014
ACCOUNTING POLICIES [Text Block]	'

	2. ACCOUNTING POLICIES

	The accompanying financial data as of June 30, 2014 and December 31, 2013 and for the three and six month periods ended June 30, 2014 and 2013 and for the period from inception, May 25, 2004, to June 30, 2014, has been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (SEC).

	The complete accounting policies followed by the Group are set forth in Note 2 to the audited consolidated financial statements contained in the Group's Annual Report on Form 10-K for the year ended December 31, 2013.

	The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and disclosures, if any, of contingent assets and liabilities at the date of the financial statements. Actual results could differ from these estimates.

	In the opinion of management, all adjustments (which include normal recurring adjustments, except as disclosed herein) necessary to present a fair statement of financial position as of June 30, 2014 and December 31, 2013, results of operations for the three and six month periods ended June 30, 2014 and 2013 and for the period from inception, May 25, 2004, to June 30, 2014, cash flows for the six month period ended June 30, 2014 and 2013 and for the period from inception, May 25, 2004, to June 30, 2014 and statement of shareholders’ equity (deficit) for the period from inception, May 25, 2004, to June 30, 2014, as applicable, have been made. The result of operations for the three and six month periods ended June 30, 2014 is not necessarily indicative of the operating results for the full fiscal year or any future periods.

RECENT_ACCOUNTING_PRONOUNCEMEN

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
RECENT ACCOUNTING PRONOUNCEMENTS	Jun. 30, 2014
RECENT ACCOUNTING PRONOUNCEMENTS [Text Block]	'

	3. RECENT ACCOUNTING PRONOUNCEMENTS

	Recently adopted accounting pronouncements

	In June 2014, the FASB released ASU 2014-10 — Accounting Standards Update 2014-10, Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation .

	This update was issued to improve financial reporting by reducing the cost and complexity associated with the incremental reporting requirements for development stage entities. Users of financial statements of development stage entities determined that the inception-to-date information, and certain other disclosures currently required under U.S. generally accepted accounting principles (GAAP) in the financial statements of development stage entities provide information that has limited relevance and is generally not decision useful. As a result, the amendments in this Update remove all incremental financial reporting requirements from U.S. GAAP for development stage entities, thereby improving financial reporting by eliminating the cost and complexity associated with providing that information.

	This update eliminates the requirements for development stage entities to (1) present inception-to-date information in the statements of income, cash flows, and shareholder equity, (2) label the financial statements as those of a development stage entity, (3) disclose a description of the development stage activities in which the entity is engaged, and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. The amendments also clarify that the guidance in Topic 275, Risks and Uncertainties , is applicable to entities that have not commenced planned principal operations.

	The amendments related to the elimination of inception-to-date information and the other remaining disclosure requirements of Topic 915 should be applied retrospectively except for the clarification to Topic 275 , which shall be applied prospectively. For public business entities, those amendments are effective for annual reporting periods beginning after December 15, 2014, and interim periods therein. For other entities, the amendments are effective for annual reporting periods beginning after December 15, 2014, and interim reporting periods beginning after December 15, 2015.

	The Company has decided not to implement this amendment in the current quarterly report.

CASH_AND_CASH_EQUIVALENTS

CASH AND CASH EQUIVALENTS	6 Months Ended
CASH AND CASH EQUIVALENTS	Jun. 30, 2014
CASH AND CASH EQUIVALENTS [Text Block]	'

	4. CASH AND CASH EQUIVALENTS

		USD	USD	USD	USD	USD Total	USD Total
		(held in USD)	(held in EUR)	(held in CHF)	(held in other	30-Jun-14	31-Dec-13
					currencies)

	Cash and cash equivalents	5,418,397	3,354	1,622,024	3,386	7,047,161	3,063,947

	Cash and cash equivalents are available to the Group without restriction or limitation on withdrawal and/or use of these funds. The Group’s cash equivalents are placed with high credit rated financial institutions. The carrying amount of these assets approximates their fair value.

PLAN_FOR_ACQUISITION

PLAN FOR ACQUISITION	6 Months Ended
PLAN FOR ACQUISITION	Jun. 30, 2014
PLAN FOR ACQUISITION [Text Block]	'

	5. PLAN FOR ACQUISITION

	Plan for Acquisition

	On December 31, 2012, DWM Petroleum AG, our wholly-owned Swiss subsidiary, entered into a Share Purchase Agreement with an unrelated third party, a small, private company known only in Tajikistan, to purchase, for USD21,000,000 in cash, 80% of the equity interest in a Swiss company which, at the time of closing of the transaction described in the Share Purchase Agreement, will own a Tajik company (“target company”) which in turn will own 100% of the interest in certain producing oilfield assets located in Tajikistan. The seller’s (“Kavsar”) wholly-owned subsidiary, a small, private company known only in Tajikistan, currently owns the majority of the equity in the target company.

	As previously disclosed, DWM Petroleum has already advanced an aggregate of USD10,111,656 as a deposit on account of the purchase price. If the seller satisfies certain conditions ("Conditions for the next Advance"), DWM Petroleum will be required to make an additional advance of USD7,000,000 to the seller. DWM Petroleum will be required to pay the remaining balance (USD3,888,344) of the purchase price to the seller on the closing date, no later than the seventh Business Day after the closing conditions are satisfied.

	If the transaction is not completed because the seller does not satisfy the conditions to the next advance, the seller must refund to DWM Petroleum the USD10,111,656 deposit, subject to payment by DWM Petroleum of a termination fee in the amount of USD2,000,000 intended to compensate the seller for expenses it has incurred in connection with the transaction. The conditions for the next advance were originally required to be fulfilled on or before March 31, 2013. Effective December 31, 2012, this date was extended to May 30, 2013 pursuant to Amendment 1 to the Share Purchase Agreement. Effective April 30, 2013, this date was further extended to June 30, 2013 pursuant to Amendment 3 to the Share Purchase Agreement. Effective June 27, 2013, seller has fulfilled all conditions for the next payment. Effective June 27, 2013 pursuant to Amendment 4, the date for next advance payment is ninety days of the date the seller has satisfied the requisite conditions.

	If DWM Petroleum is required to make the next advance but fails to do so, the seller will be required to refund to DWM Petroleum the USD10,111,656 deposit previously paid by delivering to DWM Petroleum 65% shares of the company that is the majority owner of the producing oilfield assets being purchased. In that event, DWM Petroleum will also be required to pay to the seller the sum of USD2,000,000, which is intended to compensate the seller for its expenses.

	Completion of the purchase is subject to conditions and the completion of certain ancillary transactions by the seller in respect of the assets to be owned at closing by the target company ("the closing conditions"). These conditions were originally required to be fulfilled or waived on or before April 30, 2013. Effective December 31, 2012, this date was extended to June 27, 2013 pursuant to Amendment 1 to the Share Purchase Agreement. Effective April 30, 2013, this date was further extended to September 27, 2013 pursuant to Amendment 3 to the Share Purchase Agreement.

	Effective April 30, 2013, pursuant to Amendment 2 to the Share Purchase Agreement, a condition for the next advance that requires the target company to enter into a certain contract with the Tajik government was changed to the extent that the seller is only required to confirm to DWM Petroleum that the target company has agreed with the responsible government authority, the terms for the aforementioned contract – and not actually signed such contract.

	Effective June 27, 2013, the seller has met all conditions and completed certain ancillary transactions required for the next advance payment. Pursuant to the SPA and the amendments mentioned above, the payment of USD7,000,000 is due by September 27, 2013.

	DWM did not make the next advance payment by September 27, 2013. Accordingly pursuant to the SPA effective September 27, 2013 DWM has opted to take a 65% interest in the company that owns the majority of shares in the Tajik operating company holding the oilfield assets subject to that the target company is debt free as well as government approvals. After the closing of the transaction pursuant to the SPA, DWM has agreed to compensate Seller for its expenses capped at USD2,000,000.

	On March 31, 2014 DWM Petroleum and Kavsar signed a Supplement Agreement which is effective September 27, 2013 to the Share Purchase Agreement. The Supplement Agreement outlines pursuant to Article 3.4.2 of the Share Purchase Agreement that DWM Petroleum is entitled to receive from Kavsar 65% of the participation certificates in Energy Partners Austria, the beneficial owner of 57.42% shares in Petroleum Sugd, a joint venture with limited liability incorporated under the laws of Tajikistan and operator of the oil fields in Tajikistan, subject to the payment of USD2 million by DWM Petroleum. The 65% participation certificates will be transferred to TF Petroleum AG upon closing. Furthermore, the Supplement Agreement outlines that Kavsar shall transfer all shares of TF Petroleum AG, a company incorporated under the Laws of Switzerland for the purpose of this transaction to DWM Petroleum, for a consideration of CHF 100,000 (approx. USD111,656). Starting January 1, 2014 DWM Petroleum will be eligible to future profits and dividends from Energy Partners Austria. The closing of the transaction is subject to the capital restructuring requirement of Energy Partners Austria by Kavsar, the notary act and regulatory approval. After the finalization of the Supplement Agreement the Share Purchase Agreement is concluded.

	On April 4, 2014, DWM Petroleum gained control of TF Petroleum AG, which resulted in an increase in restricted cash and a decrease in transaction prepayment of CHF 100,000 (approx. USD111,656). No further amendments are required to the line item “Transaction prepayment”, as the transfer of the participation certificates in Energy Partners Austria to TF Petroleum AG has not taken place as of June 30, 2014 as the notary act has yet to be finalized. The transaction is also included in the supplement schedule of non-cash operating, investing and financing activities of the consolidated cash flow statement.

TANGIBLE_FIXED_ASSETS

TANGIBLE FIXED ASSETS	6 Months Ended
TANGIBLE FIXED ASSETS	Jun. 30, 2014
TANGIBLE FIXED ASSETS [Text Block]	'

	6. TANGIBLE FIXED ASSETS

	2014 (in USD)	Office equipment	Vehicles	Leasehold	Computer	Total
	2014 (in USD)	& furniture	Vehicles	improvements	software	Total
	Cost at Dec 31, 2013	157,717	140,366	47,375	35,697	381,155
	Additions	6,262	-	3,747	680	10,689
	Disposals	-	-	-	-	-
	Cost at June 30, 2014	163,979	140,366	51,122	36,377	391,844
	Accumulated depreciation at Dec 31, 2013	-124,364	-55,567	-47,375	-21,474	-248,780
	Depreciation	-5,557	-9,549	-303	-8,861	-24,270
	Disposals	-	-	-	-	-
	Accumulated depreciation at June 30, 2014	-129,921	-65,116	-47,678	-30,335	-273,050
	Net book value at Dec 31, 2013	33,353	84,799	-	14,223	132,375
	Net book value at June 30, 2014	34,058	75,250	3,444	6,042	118,794

	Depreciation expense for the six month period ended June 30, 2014 and 2013 was USD24,270 and USD25,788 respectively. Depreciation for the three month period ended June 30, 2014 and 2013 was USD12,120 and USD13,858 respectively.

OIL_AND_GAS_PROPERTIES

OIL AND GAS PROPERTIES	6 Months Ended
	Jun. 30, 2014
OIL AND GAS PROPERTIES [Text Block]	'

	7. OIL AND GAS PROPERTIES

	Capitalized exploration costs	30-Jun-14	31-Dec-13
	Unproved, not subject to depletion	742,361	772,855
	Proved subject to depletion	-	-
	Accumulated depletion	-	-
	Total capitalized exploration costs	742,361	772,855

	During 2012, two wells were drilled as part of one large campaign which included three drillings in Mongolia. At the beginning of the year, the Company had no recorded unproved properties in Mongolia. During 2012, the Company capitalized USD2,998,636 of which USD2,225,781 was expensed as “Exploration Costs” in the Statement of Operations during the third quarter of 2012 as the two wells were found dry. The Company had a remaining capitalized balance of USD772,855 as of December 31, 2013. This balance related to specific costs for wells still to be drilled including capitalized costs recorded as accruals for USD312,000. These costs were not paid at that time due to the moratorium in place.

	If the third well is found to be a dry hole, all remaining capitalized costs related to the campaign will de facto be expensed, with the exception of the tangible equipment, which will continue to have a salvage value (it will be either sold or written off). If the well is found to have proven reserves, the capitalized drilling costs will be reclassified as part of the cost of the well.

	As of June 27, 2013, we entered into a Moratorium with the Petroleum Authority of Mongolia. The exploration term was suspended for a period of one year and the initial five year exploration term, extended until May 20, 2015; thereafter we would have the possibility to extend the licenses for an additional two years if required. The basis for the Moratorium was the lack of drillable economic structures to fulfill our outstanding PSC commitments. Drilling activities will commence once the full evaluation of the new area is completed and drillable economic structures are available to fulfill our outstanding commitments, which is currently four wells.

	As of March 31, 2014 the Company impaired USD312,000 relating to 3 well designs out of the remaining 4 well designs initially capitalized. These have been recorded under exploration costs. Furthermore, during the three month period ended March 31, 2014 the Company renegotiated the cost related to 4 well designs due to the fact that the supplier did not fulfill its responsibilities as per the contract. It was agreed to offset the penalty that the supplier should have paid with the remaining outstanding accrual of USD312,000 and to record the penalty as a credit to exploration costs.

	Additionally, as of June 30, 2014 the Company has capitalized USD281,506 relating to the well site preparation of Kayrakkum B in the Republic of Tajikistan.

STOCK_COMPENSATION_PROGRAM

STOCK COMPENSATION PROGRAM	6 Months Ended
	Jun. 30, 2014
STOCK COMPENSATION PROGRAM [Text Block]	'

	8. STOCK COMPENSATION PROGRAM

	Amended 2011 Stock Option Plan

	The Amended 2011 Stock Option Plan, which was approved at Annual Shareholders Meeting dated February 20, 2014, authorizes the Company to issue options to purchase such number of the Company’s common shares as is equal to on aggregate, together with options issued under any prior plan, of up to 34,500,000 shares of the Company’s common stock (it is the type of stock option plan referred to as a “fixed” stock option plan).

	If all or any portion of any stock option granted under the 2011 Stock Option Plan expires or terminates without having been exercised in full, the unexercised balance will be returned to the pool of stock available for grant under the 2011 Stock Option Plan.

	Recognition of Stock-based Compensation Costs

	Stock-based compensation costs are recognized in earnings using the fair-value based method for all awards granted. For employees fair value is estimated at the grant date and for non-employees fair value is re-measured at each reporting date. Compensation costs for unvested stock options and unvested share grants are expensed over the requisite service period on a straight-line basis.

	Grants

	8.1. Stock Option Grants

	The Company calculates the fair value of options granted by applying the Black-Scholes option pricing model. Expected volatility is based on the Company’s own historical share price volatility. The Company’s share price data can be traced back to April 2, 2007, and the Company believes that this set of data is sufficient to determine expected volatility as input for the Black-Scholes option pricing model.

	During the six month period ended June 30, 2014 the Company granted no options. During the same period in 2013, the Company granted 3,500,000 options.

	The following table shows the Company's outstanding and exercisable stock options as of June 30, 2014:

	Outstanding Options 2014	Shares under option	Weighted-average	Weighted-average
			exercise price	remaining contractual
				term (years)
	Outstanding at December 31, 2013	12,100,000	USD0.25	7.07
	Granted	-	-	-
	Exercised	-	-	-
	Forfeited, canceled or expired	-	-	-
	Outstanding at June 30, 2014	12,100,000	USD0.25	6.56
	Exercisable at June 30, 2014	11,443,750	USD0.26	6.57

	The following table depicts the Company’s non-vested options as of June 30, 2014 and changes during the period:

	Non-vested options	Shares under option	Weighted-average
			grant date fair value
	Non-vested at December 31, 2013	1,468,750	USD0.05
	Non-vested granted	-	-
	Vested	-812,500	USD0.05
	Non-vested, forfeited or canceled	-	-
	Non-vested at June 30, 2014	656,250	USD0.06

	As of June 30, 2014, the expected total of unrecognized compensation costs related to unvested stock-option grants was USD30,022. The Company expects to recognize this amount over a weighted average period of 0.59 years.

	8.2. Share Grants

	The Company calculates the fair value of share grants at the grant date based on the market price at closing. For restricted share grants, the Company applies a prorated discount of 12% on the market price of the shares over the restriction period. The discount rate is an estimate of the cost of capital, based on previous long-term debt the Company has issued.

	As of June 30, 2014, there were no unrecognized compensation costs related to unvested share grants.

	8.3. Summary of Stock-based Compensation Expenses

	A summary of stock-based compensation expense for the respective reporting periods is presented in the following table:

	Stock based compensation	Three month period ended		Six month period ended
	expenses	30-Jun-14	30-Jun-13	30-Jun-14	30-Jun-13
	Option grants	20,980	205,074	42,294	499,573
	Share grants	-	-	-	-
	Total	20,980	205,074	42,294	499,573
	Recorded under “Personnel”	8,282	199,835	16,750	502,707
	Recorded under “Consulting fees”	12,698	5,239	25,544	-3,134

WARRANTS

WARRANTS	6 Months Ended
	Jun. 30, 2014
WARRANTS [Text Block]	'

	9. WARRANTS

	Warrant activity

	The following table summarizes the Company’s warrant activity for the six month period ended June 30, 2014:

	Warrants 2014	Number of warrants	Weighted average exercise price
	Outstanding at December 31, 2013	44,450,500	USD0.70
	Granted	-	-
	Exercised	-	-
	Forfeit or expired	44,450,500	USD0.70
	Outstanding at June30, 2014	-	-

SHAREHOLDERS_EQUITY

SHAREHOLDERS EQUITY	6 Months Ended
SHAREHOLDERS EQUITY	Jun. 30, 2014
SHAREHOLDERS EQUITY [Text Block]	'

	10. SHAREHOLDERS’ EQUITY

	Share repurchase program

	On May 13, 2014, MNP Petroleum Corp. announced that, subject to regulatory approval, it intends to repurchase up to 8,296,614 of its common shares, or up to five percent of the 172,592,292 common shares that are currently issued and outstanding, in a normal course issuer bid to be conducted by Jennings Capital Inc. All purchases of common shares under the bid will be effected on the TSX Venture Exchange or the OTCQB in the United States (or such other stock exchange or quotation system upon which the company’s shares may then be listed or quoted) and, in any event, in accordance with the rules and policies of the TSX Venture Exchange and applicable securities laws. The shares are being purchased because MNP believes that its common shares currently trade in a price range that does not adequately reflect their underlying value, based on its business prospects, assets and financial position. The Company repurchased shares of its common stock in the open market, which were booked as treasury shares upon repurchase. Under the normal course issuer bid, MNP will not repurchase any securities when it is in possession of undisclosed material information or during any ‘blackout’ periods imposed by its Insider Trading Policy. The program will expire May 18, 2015.

	During the six month period ended June 30, 2014, the Company repurchased 1,340,000 shares of common stock for a total of USD102,242.

INVESTMENT_IN_PETROMANAS

INVESTMENT IN PETROMANAS	6 Months Ended
	Jun. 30, 2014
INVESTMENT IN PETROMANAS [Text Block]	'

	11. INVESTMENT IN PETROMANAS

	On February 12, 2010, the Company’s wholly-owned subsidiary DWM Petroleum AG, signed a Share Purchase Agreement and completed the sale of all of the issued and outstanding shares of Manas Adriatic to Petromanas Energy Inc. (“Petromanas”). After closing, the Share Purchase Agreement was amended by an amending agreement dated May 25, 2010. As a result of this transaction, the Company acquired 200,000,000 common shares of Petromanas. 100,000,000 of these were issued on March 3, 2010 pursuant to the original terms of the Share Purchase Agreement; the additional 100,000,000 were received on May 26, 2010, pursuant to the amending agreement. The shares were subject to a hold period expiring September 24, 2011 and bore a legend to that effect.

	In addition, all of these shares were deposited into an escrow pursuant to the requirements of the TSX Venture Exchange which provided for the release of the shares from escrow according to the following schedule:

	Release dates	Number of shares released from escrow
	24-Jun-10	10,000,000
	24-Aug-10	15,000,000
	24-Feb-11	15,000,000
	24-Jun-11	40,000,000
	24-Aug-11	30,000,000
	24-Feb-12	30,000,000
	24-Aug-12	30,000,000
	24-Feb-13	30,000,000
	Total	200,000,000

	On July 6, 2012, DWM Petroleum sold 10,000,000 of these shares to one unrelated party at a price of CAD0.17 per common share for gross proceeds of CAD1,700,000 (USD1,670,598). On August 17, 2012, pursuant to agreements dated August 13, 2012, DWM Petroleum sold an additional 90,000,000 of these Petromanas shares to twelve purchasers at a price of CAD0.115 per common share for gross proceeds of CAD10,350,000 (USD10,445,050) together with the right to receive 22.5% of the Performance Shares if and when any Performance Shares are issued by Petromanas. As of December 31, 2012 no proceeds were allocated to these performance shares as they are only issuable upon achievement of certain conditions and the likelihood of the contingent event is not reasonably determined.

	During the period of October 18, 2013 to October 29, 2013, DWM Petroleum sold 1,000,000 shares at a price of CAD0.12 per common share for gross proceeds of CAD120,000 (USD114,900) on the open market. On October 25, 2013, DWM Petroleum sold an additional 3,000,000 shares at a price of CAD0.10 per common shares for gross proceeds of CAD300,000 (USD288,510) on the open market.

	On November 8, 2013, DWM Petroleum sold an additional 46,000,000 shares at a volume weighted price of CAD0.12 per common shares for gross proceeds of CAD5,595,710 (USD5,366,286) on the open market.

	On December 31, 2013, DWM Petroleum owned and controlled 50,000,000 common shares of Petromanas and it had the right to acquire a further 38,750,000 common shares (referred to as “Performance Shares”) upon the occurrence of certain conditions. The 50,000,000 common shares represent approximately 7.2% of the issued and outstanding common shares of Petromanas.

	Since February 25, 2013 the fair value of the investment in Petromanas has been reclassified to Level 1 and no additional discount rate is being used for the current calculation of the investment.

	Between February 26, 2014 and February 27, 2014 DWM Petroleum sold 1,500,000 shares of Petromanas (PMI) at a weighted average price of CAD0.23 per common share for gross proceeds of CAD337,500 (USD300,602). On March 5, 2014, DWM Petroleum sold an additional 40,000,000 shares at a price of CAD0.20 per common share for gross proceeds of CAD8,000,000 (USD7,214,632) on the open market. On March 6, 2014 DWM Petroleum sold 500,000 shares at a price of CAD0.22 for gross proceeds of CAD110,000 (USD98,751).

	As of June 30, 2014, DWM Petroleum holds 8,000,000 million shares in Petromanas, representing 1.2% of the outstanding shares. Additionally, it has the right to acquire a further 38,750,000 common shares (referred to as “Performance Shares”) upon the occurrence of certain conditions.

	The quoted market price for one common share of Petromanas on June 30, 2014 was CAD0.34 (USD0.32) .

RELATED_PARTY_DISCLOSURE

RELATED PARTY DISCLOSURE

6 Months Ended

Jun. 30, 2014

RELATED PARTY DISCLOSURE [Text Block]

12. RELATED PARTY DISCLOSURE

The consolidated financial statements include the financial statements of MNP Petroleum Corporation and the entities listed in the following table:

Company

Country

Equity share

30-Jun-14

31-Dec-13

DWM Petroleum AG, Baar (1)

Switzerland

100%

DWM Energy AG Baar (2)

Switzerland

100%

Petromanas Energy Inc., Calgary (3)

Canada

1.20%

7.20%

CJSC South Petroleum Company, Jalalabat (4)

Kyrgyz Republic

25%

CJSC Somon Oil Company, Dushanbe (5)

Republic of Tajikistan

90%

Manas Management Services Ltd., Nassau (6)

Bahamas

100%

Manas Chile Energia Limitada, Santiago (7)

Chile

100%

Gobi Energy Partners LLC, Ulaan Baator (8)

Mongolia

74%

Gobi Energy Partners GmbH (9)

Switzerland

74%

TF Petroleum AG (10)

Switzerland

100%

-1

Included Branch in Albania that was sold in February 2010.

-2

Founded in 2007.

-3

Petromanas Energy Inc. participation resulted from partial sale of Manas Adriatic GmbH; fair value method applied.

-4

CJSC South Petroleum Company was founded by DWM Petroleum AG; equity method investee that is not consolidated.

-5

CJSC Somon Oil Company was founded by DWM Petroleum AG. As CJSC Somon Oil has been in a loss position since its inception its inception and MNP is legally required to fund the losses, no no-controlling interest has been recorded.

-6

Founded in 2008.

-7

Manas Chile Energia Limitada was founded by Manas Management Services Ltd.; founded in 2008.

-8

Gobi Energy Partners LLC was founded in 2009 by DWM Petroleum AG (formerly Manas Gobi LLC). Gobi Energy Partners GmbH holds record title to 100% of Gobi Energy Partners LLC.

-9

Gobi Energy Partners GmbH was founded in 2010. DWM Petroleum AG holds 74% of Gobi Energy Partners GmbH. The Company determined that no value needs to be ascribed to the non-controlling interest due to the fact that the non-controlling parties do not carry any costs.

-10

TF Petroleum was founded in 2012 Pursuant to the Supplement Agreement date March 31, 2014 DWM Petroleum AG acquired 100% for a purchase price of CHF 1.00 (USD1.13) pursuant to a Share Purchase Agreement signed on April 4, 2014.

- CJSC South Petroleum Company

On October 4, 2006 a contract was signed with Santos International Holdings PTY Ltd. (“Santos”) to sell a 70% interest in CJSC South Petroleum Company, Jalalabat for a payment of USD4,000,000, a two phase work program totalling USD53,500,000 (Phase 1: USD11,500,000, Phase 2: USD42,000,000), additional working capital outlays of USD1,000,000 per annum and an earn-out of USD1,000,000 to former DWM shareholders to be settled in shares of Santos if they elect to enter into Phase 2 of the work program. If Santos does not exercise the option to enter into Phase 2, the 70% interest is returned to DWM Petroleum at no cost. On December 2, 2008, Santos announced to enter into Phase 2 and the earn-out was paid to former DWM shareholders.

In phase 2 of the work program, in the event Santos spends in excess of USD42,000,000 on the appraisal wells, the Company would be obligated to pay 30% of the excess expenditure.

The Group is not recording its share of the losses.

Due to political uncertainty in the country, Santos and DWM have decided to exit Kyrgyzstan. On July 2013 the board of directors took the decision to exit Kyrgyzstan. Since then all of the licenses have expired and Santos is in the process of winding up South Petroleum at its expense. There will be no liquidated damages as a result of exiting the venture. We wrote off our investment in associate of USD238,304 during 2013.

The Company is currently being wound up and all costs are borne by Santos.

- CJSC Somon Oil (Tajikistan)

Santos International Ventures Pty Ltd had an option to enter into a farm in agreement in respect of these licenses, but decided on December 31, 2012 not to pursue this option. Santos continued to fund current capital expenditures, as well as certain general and administrative costs of Somon Oil until January 2013. DWM is in negotiations to setup a new consortium for this acreage, and we anticipate the financial commitment amounts to change. To date no liquidated damages have occurred.

- Related parties

The following table provides the total amount of transactions, which have been entered into with related parties for the specified period:

Three months ended

Six months ended

Related parties’ transactions

30-Jun-14

30-Jun-13

30-Jun-14

30-Jun-13

Affiliates

Management services performed to Petromanas*

(241

)

(278

)

(11,734

)

Board of directors

Payments to directors for office rent

6,737

6,288

13,463

12,564

Payments to related companies controlled by directors for rendered consulting services

74,273

89,138

148,432

178,100

* Services invoiced or accrued are recorded as contra-expense in personnel cost and administrative cost.

COMMITMENTS_CONTINGENT_LIABILI

COMMITMENTS & CONTINGENT LIABILITIES	6 Months Ended
COMMITMENTS & CONTINGENT LIABILITIES	Jun. 30, 2014
COMMITMENTS & CONTINGENT LIABILITIES [Text Block]	'

	13. COMMITMENTS & CONTINGENT LIABILITIES

	Legal actions and claims (Kyrgyz Republic, Republic of Tajikistan, Mongolia and Chile)

	In the ordinary course of business, members of the Group doing business in Mongolia, Republic of Tajikistan, the Kyrgyz Republic, and Chile may be subject to legal actions and complaints from time-to-time. Management believes that the ultimate liability, if any, arising from such actions or complaints will not have a material adverse effect on the financial condition, the results of future operations or cash flows of the associates/subsidiaries in Mongolia, Republic of Tajikistan, the Kyrgyz Republic and Chile.

	During the initial phase of applying for its Chilean Exploration license, the Company formed a joint bidding group with Improved Petroleum Recovery Tranquillo Chile (commonly referred to as “IPR”) and a start-up company called Energy Focus Limitada (“Energy Focus”). Each had a one-third interest. Of its own accord, Energy Focus left the bidding group. The three parties signed a side letter which provided that Energy Focus would have an option to rejoin the bidding group under certain conditions.

	Even though Energy Focus was asked many times to re-join the group and contribute its prorated share of capital, it failed or neglected to do so. Despite this, Energy Focus maintains that it is entitled to participation in a consortium that was subsequently formed. The Company and IPR believe that Energy Focus no longer has a right to join the bidding group or consortium because the conditions specified in the side letter were not met, and cannot now be met.

	Energy Focus commenced litigation for specific performance and damages in an unspecified amount in Santiago de Chile, claiming interest in the Tranquilo Block from the Company and IPR, and their respective subsidiaries. The Company, IPR and their respective legal counsel were of the view that the Energy Focus claim was without merit, that it was brought in the wrong jurisdiction and that Energy Focus failed to properly serve the parties. The trial court in Santiago dismissed the Energy Focus case. Energy Focus took an Appeal, which was also dismissed. Energy Focus took a second Appeal and the matter is returned to the trial court. The Company’s legal advisors are of the opinion that Energy Focus will not succeed at trial on several grounds, including jurisdiction, service and on the substantive issues. The Company and IPR are also considering a further Appeal. The Company’s management believe that ultimate liability, if any, arising from the Energy Focus litigation will not have a material adverse effect on the financial condition, the results of future operations or cash flows of the Company.

	As of June 30, 2014, there had been no legal actions against any member of the Group in the Kyrgyz Republic, Republic of Tajikistan and Mongolia.

	Management believes that the members of the Group are in substantial compliance with the tax laws affecting their respective operations in the Kyrgyz Republic, Republic of Tajikistan and Mongolia. However, the risk remains that relevant authorities could take differing positions with regards to interpretative issues.

PERSONNEL_COSTS_AND_EMPLOYEE_B

PERSONNEL COSTS AND EMPLOYEE BENEFIT PLANS	6 Months Ended
PERSONNEL COSTS AND EMPLOYEE BENEFIT PLANS	Jun. 30, 2014
PERSONNEL COSTS AND EMPLOYEE BENEFIT PLANS [Text Block]	'

	14. PERSONNEL COSTS AND EMPLOYEE BENEFIT PLANS

	Defined benefit plan

	The Company maintains Swiss defined benefit plans for eight of its employees. These plans are part of independent collective funds providing pensions combined with life and disability insurance. The assets of the funded plans are held independently of the Company’s assets in a legally distinct and independent collective trust fund which serves various unrelated employers. The funds’ benefit obligations are fully reinsured by AXA Winterthur Insurance Company. The plans are valued by independent actuaries using the projected unit credit method. The liabilities correspond to the projected benefit obligations of which the discounted net present value is calculated based on years of employment, expected salary increases, and pension adjustments.

		Three months ended				Six months ended
	Pension expense	30-Jun-14		30-Jun-13		30-Jun-14		30-Jun-13
	Net service cost	8,212		10,164		12,318		20,328
	Interest cost	10,809		4,802		16,213		9,604
	Expected return on assets	(8,834	)	(3,853	)	(13,250	)	(7,706	)
	Amortization of loss	11,625		4,931		17,437		9,862
	Net periodic pension cost	21,812		16,044		32,717		32,088

	During the six month period ended June 30, 2014 and 2013, the Company made cash contributions of USD115,067 and USD91,343, respectively, to its defined benefit pension plan. The Company does not expect to make any additional cash contributions to its defined benefit pension plans during the remainder of 2014.

FAIR_VALUE_MEASUREMENT

FAIR VALUE MEASUREMENT	6 Months Ended
FAIR VALUE MEASUREMENT	Jun. 30, 2014
FAIR VALUE MEASUREMENT [Text Block]	'

	15. FAIR VALUE MEASUREMENT

	15.1. Fair Value Measurements

	ASC 820 establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. Financial assets carried at fair value are classified in one of the three categories as follows.

	Financial assets and liabilities carried at fair value as of June 30, 2014:

	Financial assets 2014 (in USD)	Level 1	Level 2	Level 3
	Investment in associate (Petromanas)	2,549,020	-	-
	Total	2,549,020	-	-

	Financial assets and liabilities carried at fair value as of December 31, 2013:

	Financial assets 2013 (in USD)	Level 1	Level 2	Level 3
	Investment in associate (Petromanas)	7,478,799	-	-
	Total	7,478,799	-	-

	15.2. Fair Value of Financial Instruments

	In addition to the methods and assumptions the Company uses to record the fair value of financial instruments as discussed in the Fair Value Measurements section above, the Company used the following methods and assumptions to estimate the fair value of its financial instruments.

	Cash and cash equivalents – carrying amount approximated fair value.
	Restricted cash – carrying amount approximated fair value.
	Accounts receivable – carrying amount approximated fair value.
	Transaction prepayment – carrying amount approximated fair value.
	Investment in Petromanas –the fair value was calculated based on quoted market prices.
	Accounts Payable – carrying amount approximated fair value.

	The fair value of the Company’s financial instruments is presented in the table below (in USD):

		30-Jun-14		31-Dec-13		Fair Value
		Carrying	Fair Value	Carrying	Fair Value	Levels	Reference
		Amount		Amount
	Cash and cash equivalents	7,047,161	7,047,161	3,063,947	3,063,947	1	Note 4
	Restricted cash	215,033	215,033	46,738	46,738	1
	Transaction prepayment	10,000,000	10,000,000	10,111,656	10,111,656	1	Note 5
	Accounts receivable	22,968	22,968	32,508	32,508	1
	Investment in Petromanas	2,549,020	2,549,020	7,478,799	7,478,799	1	Note 11
	Accounts Payable	691,084	691,084	447,736	447,736	1

EARNINGS_PER_SHARE

EARNINGS PER SHARE	6 Months Ended
EARNINGS PER SHARE	Jun. 30, 2014
EARNINGS PER SHARE [Text Block]	'

	16. EARNINGS PER SHARE

	Basic earnings per share result by dividing the Company’s net income (or net loss) by the weighted average number of shares outstanding for the contemplated period. Diluted earnings per share are calculated applying the treasury stock method. When there is a net income, dilutive effects of all stock-based compensation awards or participating financial instruments are considered. When the Company posts a loss, basic loss per share equals diluted loss per share.

	The following table depicts how the denominator for the calculation of basic and diluted earnings per share was determined under the treasury stock method:

		Three months ended		Six months ended
		30-Jun-14	30-Jun-13	30-Jun-14	30-Jun-13
	Company posted	Net loss	Net loss	Net loss	Net loss
	Basic weighted average shares outstanding	172,592,292	172,592,292	172,592,292	172,592,292
	Dilutive effect of common stock equivalents:
	- stock options and non-vested stock under	-	-	-	-
	employee compensation plans	-	-	-	-
	Diluted weighted average shares outstanding	172,592,292	172,592,292	172,592,292	172,592,292

	The following table shows the total number of stock equivalents that was excluded from the computation of diluted earnings per share for the respective period because the effect would have been anti-dilutive:

		Three months ended		Six months ended
	Stock equivalent	30-Jun-14	30-Jun-13	30-Jun-14	30-Jun-13
	Options	12,100,000	14,100,000	12,100,000	14,100,000
	Warrants	-	44,450,000	-	44,450,000
	Total	12,100,000	58,550,000	12,100,000	58,550,000

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	6 Months Ended
SUBSEQUENT EVENTS	Jun. 30, 2014
SUBSEQUENT EVENTS [Text Block]	'

	17. SUBSEQUENT EVENT(S)

	None

CASH_AND_CASH_EQUIVALENTS_Tabl

CASH AND CASH EQUIVALENTS (Tables)	6 Months Ended
CASH AND CASH EQUIVALENTS (Tables)	Jun. 30, 2014
Schedule of Cash and Cash Equivalents [Table Text Block]	'
		USD	USD	USD	USD	USD Total	USD Total
		(held in USD)	(held in EUR)	(held in CHF)	(held in other	30-Jun-14	31-Dec-13
					currencies)

	Cash and cash equivalents	5,418,397	3,354	1,622,024	3,386	7,047,161	3,063,947

TANGIBLE_FIXED_ASSETS_Tables

TANGIBLE FIXED ASSETS (Tables)	6 Months Ended
TANGIBLE FIXED ASSETS (Tables)	Jun. 30, 2014
Property, Plant and Equipment, Schedule of Significant Acquisitions and Disposals [Table Text Block]	'
	2014 (in USD)	Office equipment	Vehicles	Leasehold	Computer	Total
	2014 (in USD)	& furniture	Vehicles	improvements	software	Total
	Cost at Dec 31, 2013	157,717	140,366	47,375	35,697	381,155
	Additions	6,262	-	3,747	680	10,689
	Disposals	-	-	-	-	-
	Cost at June 30, 2014	163,979	140,366	51,122	36,377	391,844
	Accumulated depreciation at Dec 31, 2013	-124,364	-55,567	-47,375	-21,474	-248,780
	Depreciation	-5,557	-9,549	-303	-8,861	-24,270
	Disposals	-	-	-	-	-
	Accumulated depreciation at June 30, 2014	-129,921	-65,116	-47,678	-30,335	-273,050
	Net book value at Dec 31, 2013	33,353	84,799	-	14,223	132,375
	Net book value at June 30, 2014	34,058	75,250	3,444	6,042	118,794

OIL_AND_GAS_PROPERTIES_Tables

OIL AND GAS PROPERTIES (Tables)	6 Months Ended
OIL AND GAS PROPERTIES (Tables)	Jun. 30, 2014
Schedule of Proved Developed and Undeveloped Oil and Gas Reserve Quantities [Table Text Block]	'
	Capitalized exploration costs	30-Jun-14	31-Dec-13
	Unproved, not subject to depletion	742,361	772,855
	Proved subject to depletion	-	-
	Accumulated depletion	-	-
	Total capitalized exploration costs	742,361	772,855

STOCK_COMPENSATION_PROGRAM_Tab

STOCK COMPENSATION PROGRAM (Tables)	6 Months Ended
STOCK COMPENSATION PROGRAM (Tables)	Jun. 30, 2014
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	'
	Outstanding Options 2014	Shares under option	Weighted-average	Weighted-average
			exercise price	remaining contractual
				term (years)
	Outstanding at December 31, 2013	12,100,000	USD0.25	7.07
	Granted	-	-	-
	Exercised	-	-	-
	Forfeited, canceled or expired	-	-	-
	Outstanding at June 30, 2014	12,100,000	USD0.25	6.56
	Exercisable at June 30, 2014	11,443,750	USD0.26	6.57
Schedule of Nonvested Share Activity [Table Text Block]	'
	Non-vested options	Shares under option	Weighted-average
	Non-vested options	Shares under option	grant date fair value
	Non-vested at December 31, 2013	1,468,750	USD0.05
	Non-vested granted	-	-
	Vested	-812,500	USD0.05
	Non-vested, forfeited or canceled	-	-
	Non-vested at June 30, 2014	656,250	USD0.06
Schedule of Other Share-based Compensation, Activity [Table Text Block]	'
	Stock based compensation	Three month period ended		Six month period ended
	expenses	30-Jun-14	30-Jun-13	30-Jun-14	30-Jun-13
	Option grants	20,980	205,074	42,294	499,573
	Share grants	-	-	-	-
	Total	20,980	205,074	42,294	499,573
	Recorded under “Personnel”	8,282	199,835	16,750	502,707
	Recorded under “Consulting fees”	12,698	5,239	25,544	-3,134

WARRANTS_Tables

WARRANTS (Tables)	6 Months Ended
WARRANTS (Tables)	Jun. 30, 2014
Schedule of Stockholders' Equity Note, Warrants or Rights, Activity [Table Text Block]	'
	Warrants 2014	Number of warrants	Weighted average exercise price
	Outstanding at December 31, 2013	44,450,500	USD0.70
	Granted	-	-
	Exercised	-	-
	Forfeit or expired	44,450,500	USD0.70
	Outstanding at June30, 2014	-	-

INVESTMENT_IN_PETROMANAS_Table

INVESTMENT IN PETROMANAS (Tables)	6 Months Ended
INVESTMENT IN PETROMANAS (Tables)	Jun. 30, 2014
Schedule of Shares Released from Escrow [Table Text Block]	'
	Release dates	Number of shares released from escrow
	24-Jun-10	10,000,000
	24-Aug-10	15,000,000
	24-Feb-11	15,000,000
	24-Jun-11	40,000,000
	24-Aug-11	30,000,000
	24-Feb-12	30,000,000
	24-Aug-12	30,000,000
	24-Feb-13	30,000,000
	Total	200,000,000

RELATED_PARTY_DISCLOSURE_Table

RELATED PARTY DISCLOSURE (Tables)	6 Months Ended
RELATED PARTY DISCLOSURE (Tables)	Jun. 30, 2014
Investments in and Advances to Affiliates [Table Text Block]	'
	Company	Country	Equity share	Equity share
	Company	Country	30-Jun-14	31-Dec-13
	DWM Petroleum AG, Baar (1)	Switzerland	100%	100%
	DWM Energy AG Baar (2)	Switzerland	100%	100%
	Petromanas Energy Inc., Calgary (3)	Canada	1.20%	7.20%
	CJSC South Petroleum Company, Jalalabat (4)	Kyrgyz Republic	25%	25%
	CJSC Somon Oil Company, Dushanbe (5)	Republic of Tajikistan	90%	90%
	Manas Management Services Ltd., Nassau (6)	Bahamas	100%	100%
	Manas Chile Energia Limitada, Santiago (7)	Chile	100%	100%
	Gobi Energy Partners LLC, Ulaan Baator (8)	Mongolia	74%	74%
	Gobi Energy Partners GmbH (9)	Switzerland	74%	74%
	TF Petroleum AG (10)	Switzerland	100%	-
Schedule of Related Party Transactions [Table Text Block]	'
			Three months ended				Six months ended
	Related parties’ transactions		30-Jun-14		30-Jun-13		30-Jun-14		30-Jun-13
	Affiliates
	Management services performed to Petromanas*		-		(241	)	(278	)	(11,734	)
	Board of directors
	Payments to directors for office rent		6,737		6,288		13,463		12,564
	Payments to related companies controlled by directors for rendered consulting services		74,273		89,138		148,432		178,100

PERSONNEL_COSTS_AND_EMPLOYEE_B1

PERSONNEL COSTS AND EMPLOYEE BENEFIT PLANS (Tables)	6 Months Ended
PERSONNEL COSTS AND EMPLOYEE BENEFIT PLANS (Tables)	Jun. 30, 2014
Schedule of Defined Benefit Plans Disclosures [Table Text Block]	'
		Three months ended				Six months ended
	Pension expense	30-Jun-14		30-Jun-13		30-Jun-14		30-Jun-13
	Net service cost	8,212		10,164		12,318		20,328
	Interest cost	10,809		4,802		16,213		9,604
	Expected return on assets	(8,834	)	(3,853	)	(13,250	)	(7,706	)
	Amortization of loss	11,625		4,931		17,437		9,862
	Net periodic pension cost	21,812		16,044		32,717		32,088

FAIR_VALUE_MEASUREMENT_Tables

FAIR VALUE MEASUREMENT (Tables)	6 Months Ended							12 Months Ended
FAIR VALUE MEASUREMENT (Tables)	Jun. 30, 2014							Dec. 31, 2013
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	'							'
	Financial assets 2014 (in USD)	Level 1	Level 2	Level 3				Financial assets 2013 (in USD)	Level 1	Level 2	Level 3
	Investment in associate (Petromanas)	2,549,020	-	-				Investment in associate (Petromanas)	7,478,799	-	-
	Total	2,549,020	-	-				Total	7,478,799	-	-
Schedule of Fair Value, by Balance Sheet Grouping [Table Text Block]	'							'
		30-Jun-14		31-Dec-13		Fair Value
		Carrying	Fair Value	Carrying	Fair Value	Levels	Reference
		Amount		Amount
	Cash and cash equivalents	7,047,161	7,047,161	3,063,947	3,063,947	1	Note 4
	Restricted cash	215,033	215,033	46,738	46,738	1
	Transaction prepayment	10,000,000	10,000,000	10,111,656	10,111,656	1	Note 5
	Accounts receivable	22,968	22,968	32,508	32,508	1
	Investment in Petromanas	2,549,020	2,549,020	7,478,799	7,478,799	1	Note 11
	Accounts Payable	691,084	691,084	447,736	447,736	1

EARNINGS_PER_SHARE_Tables

EARNINGS PER SHARE (Tables)	6 Months Ended
EARNINGS PER SHARE (Tables)	Jun. 30, 2014
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
		Three months ended		Six months ended
		30-Jun-14	30-Jun-13	30-Jun-14	30-Jun-13
	Company posted	Net loss	Net loss	Net loss	Net loss
	Basic weighted average shares outstanding	172,592,292	172,592,292	172,592,292	172,592,292
	Dilutive effect of common stock equivalents:
	- stock options and non-vested stock under	-	-	-	-
	employee compensation plans	-	-	-	-
	Diluted weighted average shares outstanding	172,592,292	172,592,292	172,592,292	172,592,292
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	'
		Three months ended		Six months ended
	Stock equivalent	30-Jun-14	30-Jun-13	30-Jun-14	30-Jun-13
	Options	12,100,000	14,100,000	12,100,000	14,100,000
	Warrants	-	44,450,000	-	44,450,000
	Total	12,100,000	58,550,000	12,100,000	58,550,000

BASIS_OF_PRESENTATION_Narrativ

BASIS OF PRESENTATION (Narrative) (Details) (USD $)	6 Months Ended
BASIS OF PRESENTATION (Narrative) (Details) (USD $)	Jun. 30, 2014
Basis Of Presentation 1	100.00%
Basis Of Presentation 2	80,000,000
Basis Of Presentation 3	800,000
Basis Of Presentation 4	$3.20

PLAN_FOR_ACQUISITION_Narrative

PLAN FOR ACQUISITION (Narrative) (Details) (USD $)	6 Months Ended
PLAN FOR ACQUISITION (Narrative) (Details) (USD $)	Jun. 30, 2014
Plan For Acquisition 1	$21,000,000
Plan For Acquisition 2	80.00%
Plan For Acquisition 3	100.00%
Plan For Acquisition 4	10,111,656
Plan For Acquisition 5	7,000,000
Plan For Acquisition 6	3,888,344
Plan For Acquisition 7	10,111,656
Plan For Acquisition 8	2,000,000
Plan For Acquisition 9	10,111,656
Plan For Acquisition 10	65.00%
Plan For Acquisition 11	2,000,000
Plan For Acquisition 12	7,000,000
Plan For Acquisition 13	65.00%
Plan For Acquisition 14	2,000,000
Plan For Acquisition 15	65.00%
Plan For Acquisition 16	57.42%
Plan For Acquisition 17	2,000,000
Plan For Acquisition 18	65.00%
Plan For Acquisition 19	100,000
Plan For Acquisition 20	111,656
Plan For Acquisition 21	100,000
Plan For Acquisition 22	$111,656

TANGIBLE_FIXED_ASSETS_Narrativ

TANGIBLE FIXED ASSETS (Narrative) (Details) (USD $)	6 Months Ended
TANGIBLE FIXED ASSETS (Narrative) (Details) (USD $)	Jun. 30, 2014
Tangible Fixed Assets 1	$24,270
Tangible Fixed Assets 2	25,788
Tangible Fixed Assets 3	12,120
Tangible Fixed Assets 4	$13,858

OIL_AND_GAS_PROPERTIES_Narrati

OIL AND GAS PROPERTIES (Narrative) (Details) (USD $)	6 Months Ended
OIL AND GAS PROPERTIES (Narrative) (Details) (USD $)	Jun. 30, 2014
Oil And Gas Properties 9	$2,998,636
Oil And Gas Properties 1	2,225,781
Oil And Gas Properties 2	772,855
Oil And Gas Properties 3	312,000
Oil And Gas Properties 4	312,000
Oil And Gas Properties 5	3
Oil And Gas Properties 6	4
Oil And Gas Properties 7	4
Oil And Gas Properties 8	312,000
Oil And Gas Properties 9	$281,506

STOCK_COMPENSATION_PROGRAM_Nar

STOCK COMPENSATION PROGRAM (Narrative) (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
	Y
Stock Compensation Program 1	34,500,000
Stock Compensation Program 2	3,500,000
Stock Compensation Program 3	$30,022
Stock Compensation Program 4	0.59
Stock Compensation Program 5	12.00%

SHAREHOLDERS_EQUITY_Narrative_

SHAREHOLDERS EQUITY (Narrative) (Details) (USD $)	6 Months Ended
SHAREHOLDERS EQUITY (Narrative) (Details) (USD $)	Jun. 30, 2014
Shareholders Equity 1	8,296,614
Shareholders Equity 2	172,592,292
Shareholders Equity 3	1,340,000
Shareholders Equity 4	$102,242

INVESTMENT_IN_PETROMANAS_Narra

INVESTMENT IN PETROMANAS (Narrative) (Details)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2014
	USD ($)	CAD
Investment In Petromanas 1	200,000,000	200,000,000
Investment In Petromanas 2	100,000,000	100,000,000
Investment In Petromanas 3	100,000,000	100,000,000
Investment In Petromanas 4	10,000,000	10,000,000
Investment In Petromanas 5	'	0.17
Investment In Petromanas 6	'	1,700,000
Investment In Petromanas 7	1,670,598	'
Investment In Petromanas 8	90,000,000	90,000,000
Investment In Petromanas 9	'	0.115
Investment In Petromanas 10	'	10,350,000
Investment In Petromanas 11	10,445,050	'
Investment In Petromanas 12	22.50%	22.50%
Investment In Petromanas 13	1,000,000	1,000,000
Investment In Petromanas 14	'	0.12
Investment In Petromanas 15	'	120,000
Investment In Petromanas 16	114,900	'
Investment In Petromanas 17	3,000,000	3,000,000
Investment In Petromanas 18	'	0.1
Investment In Petromanas 19	'	300,000
Investment In Petromanas 20	288,510	'
Investment In Petromanas 21	46,000,000	46,000,000
Investment In Petromanas 22	'	0.12
Investment In Petromanas 23	'	5,595,710
Investment In Petromanas 24	5,366,286	'
Investment In Petromanas 25	50,000,000	50,000,000
Investment In Petromanas 26	38,750,000	38,750,000
Investment In Petromanas 27	50,000,000	50,000,000
Investment In Petromanas 28	7.20%	7.20%
Investment In Petromanas 29	1,500,000	1,500,000
Investment In Petromanas 30	'	0.23
Investment In Petromanas 31	'	337,500
Investment In Petromanas 32	300,602	'
Investment In Petromanas 33	40,000,000	40,000,000
Investment In Petromanas 34	'	0.2
Investment In Petromanas 35	'	8,000,000
Investment In Petromanas 36	7,214,632	'
Investment In Petromanas 37	500,000	500,000
Investment In Petromanas 38	'	0.22
Investment In Petromanas 39	'	110,000
Investment In Petromanas 40	98,751	'
Investment In Petromanas 41	8,000,000,000,000	8,000,000,000,000
Investment In Petromanas 42	1.20%	1.20%
Investment In Petromanas 43	38,750,000	38,750,000
Investment In Petromanas 44	'	0.34
Investment In Petromanas 45	$0.32	'

RELATED_PARTY_DISCLOSURE_Narra

RELATED PARTY DISCLOSURE (Narrative) (Details) (USD $)	6 Months Ended
RELATED PARTY DISCLOSURE (Narrative) (Details) (USD $)	Jun. 30, 2014
Related Party Disclosure 1	100.00%
Related Party Disclosure 2	74.00%
Related Party Disclosure 3	100.00%
Related Party Disclosure 4	1
Related Party Disclosure 5	$1.13
Related Party Disclosure 6	70.00%
Related Party Disclosure 7	4,000,000
Related Party Disclosure 8	53,500,000
Related Party Disclosure 9	11,500,000
Related Party Disclosure 10	42,000,000
Related Party Disclosure 11	1,000,000
Related Party Disclosure 12	1,000,000
Related Party Disclosure 13	70.00%
Related Party Disclosure 14	42,000,000
Related Party Disclosure 15	30.00%
Related Party Disclosure 16	$238,304

PERSONNEL_COSTS_AND_EMPLOYEE_B2

PERSONNEL COSTS AND EMPLOYEE BENEFIT PLANS (Narrative) (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Personnel Costs And Employee Benefit Plans 1	$115,067
Personnel Costs And Employee Benefit Plans 2	$91,343

Schedule_of_Cash_and_Cash_Equi

Schedule of Cash and Cash Equivalents (Details) (USD $)	6 Months Ended
Schedule of Cash and Cash Equivalents (Details) (USD $)	Jun. 30, 2014
Cash And Cash Equivalents Schedule Of Cash And Cash Equivalents 1	$5,418,397
Cash And Cash Equivalents Schedule Of Cash And Cash Equivalents 2	3,354
Cash And Cash Equivalents Schedule Of Cash And Cash Equivalents 3	1,622,024
Cash And Cash Equivalents Schedule Of Cash And Cash Equivalents 4	3,386
Cash And Cash Equivalents Schedule Of Cash And Cash Equivalents 5	7,047,161
Cash And Cash Equivalents Schedule Of Cash And Cash Equivalents 6	$3,063,947

Property_Plant_and_Equipment_S

Property, Plant and Equipment, Schedule of Significant Acquisitions and Disposals (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 1	$157,717
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 2	140,366
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 3	47,375
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 4	35,697
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 5	381,155
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 6	6,262
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 7	0
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 8	3,747
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 9	680
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 10	10,689
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 11	0
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 12	0
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 13	0
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 14	0
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 15	0
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 16	163,979
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 17	140,366
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 18	51,122
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 19	36,377
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 20	391,844
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 21	-124,364
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 22	-55,567
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 23	-47,375
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 24	-21,474
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 25	-248,780
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 26	-5,557
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 27	-9,549
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 28	-303
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 29	-8,861
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 30	-24,270
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 31	0
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 32	0
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 33	0
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 34	0
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 35	0
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 36	-129,921
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 37	-65,116
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 38	-47,678
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 39	-30,335
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 40	-273,050
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 41	33,353
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 42	84,799
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 43	0
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 44	14,223
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 45	132,375
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 46	34,058
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 47	75,250
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 48	3,444
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 49	6,042
Tangible Fixed Assets Property, Plant And Equipment, Schedule Of Significant Acquisitions And Disposals 50	$118,794

Schedule_of_Proved_Developed_a

Schedule of Proved Developed and Undeveloped Oil and Gas Reserve Quantities (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Oil And Gas Properties Schedule Of Proved Developed And Undeveloped Oil And Gas Reserve Quantities 1	$742,361
Oil And Gas Properties Schedule Of Proved Developed And Undeveloped Oil And Gas Reserve Quantities 2	772,855
Oil And Gas Properties Schedule Of Proved Developed And Undeveloped Oil And Gas Reserve Quantities 3	0
Oil And Gas Properties Schedule Of Proved Developed And Undeveloped Oil And Gas Reserve Quantities 4	0
Oil And Gas Properties Schedule Of Proved Developed And Undeveloped Oil And Gas Reserve Quantities 5	0
Oil And Gas Properties Schedule Of Proved Developed And Undeveloped Oil And Gas Reserve Quantities 6	0
Oil And Gas Properties Schedule Of Proved Developed And Undeveloped Oil And Gas Reserve Quantities 7	742,361
Oil And Gas Properties Schedule Of Proved Developed And Undeveloped Oil And Gas Reserve Quantities 8	$772,855

Schedule_of_Sharebased_Compens

Schedule of Share-based Compensation, Stock Options, Activity (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Stock Compensation Program Schedule Of Share-based Compensation, Stock Options, Activity 1	$12,100,000
Stock Compensation Program Schedule Of Share-based Compensation, Stock Options, Activity 2	0.25
Stock Compensation Program Schedule Of Share-based Compensation, Stock Options, Activity 3	7.07
Stock Compensation Program Schedule Of Share-based Compensation, Stock Options, Activity 4	0
Stock Compensation Program Schedule Of Share-based Compensation, Stock Options, Activity 5	0
Stock Compensation Program Schedule Of Share-based Compensation, Stock Options, Activity 6	0
Stock Compensation Program Schedule Of Share-based Compensation, Stock Options, Activity 7	0
Stock Compensation Program Schedule Of Share-based Compensation, Stock Options, Activity 8	0
Stock Compensation Program Schedule Of Share-based Compensation, Stock Options, Activity 9	0
Stock Compensation Program Schedule Of Share-based Compensation, Stock Options, Activity 10	0
Stock Compensation Program Schedule Of Share-based Compensation, Stock Options, Activity 11	0
Stock Compensation Program Schedule Of Share-based Compensation, Stock Options, Activity 12	0
Stock Compensation Program Schedule Of Share-based Compensation, Stock Options, Activity 13	12,100,000
Stock Compensation Program Schedule Of Share-based Compensation, Stock Options, Activity 14	0.25
Stock Compensation Program Schedule Of Share-based Compensation, Stock Options, Activity 15	6.56
Stock Compensation Program Schedule Of Share-based Compensation, Stock Options, Activity 16	11,443,750
Stock Compensation Program Schedule Of Share-based Compensation, Stock Options, Activity 17	$0.26
Stock Compensation Program Schedule Of Share-based Compensation, Stock Options, Activity 18	6.57

Schedule_of_Nonvested_Share_Ac

Schedule of Nonvested Share Activity (Details) (USD $)	6 Months Ended
Schedule of Nonvested Share Activity (Details) (USD $)	Jun. 30, 2014
Stock Compensation Program Schedule Of Nonvested Share Activity 1	$1,468,750
Stock Compensation Program Schedule Of Nonvested Share Activity 2	0.05
Stock Compensation Program Schedule Of Nonvested Share Activity 3	0
Stock Compensation Program Schedule Of Nonvested Share Activity 4	0
Stock Compensation Program Schedule Of Nonvested Share Activity 5	812,500
Stock Compensation Program Schedule Of Nonvested Share Activity 6	0.05
Stock Compensation Program Schedule Of Nonvested Share Activity 7	0
Stock Compensation Program Schedule Of Nonvested Share Activity 8	0
Stock Compensation Program Schedule Of Nonvested Share Activity 9	656,250
Stock Compensation Program Schedule Of Nonvested Share Activity 10	$0.06

Schedule_of_Other_Sharebased_C

Schedule of Other Share-based Compensation, Activity (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Stock Compensation Program Schedule Of Other Share-based Compensation, Activity 1	$20,980
Stock Compensation Program Schedule Of Other Share-based Compensation, Activity 2	205,074
Stock Compensation Program Schedule Of Other Share-based Compensation, Activity 3	42,294
Stock Compensation Program Schedule Of Other Share-based Compensation, Activity 4	499,573
Stock Compensation Program Schedule Of Other Share-based Compensation, Activity 5	0
Stock Compensation Program Schedule Of Other Share-based Compensation, Activity 6	0
Stock Compensation Program Schedule Of Other Share-based Compensation, Activity 7	0
Stock Compensation Program Schedule Of Other Share-based Compensation, Activity 8	0
Stock Compensation Program Schedule Of Other Share-based Compensation, Activity 9	20,980
Stock Compensation Program Schedule Of Other Share-based Compensation, Activity 10	205,074
Stock Compensation Program Schedule Of Other Share-based Compensation, Activity 11	42,294
Stock Compensation Program Schedule Of Other Share-based Compensation, Activity 12	499,573
Stock Compensation Program Schedule Of Other Share-based Compensation, Activity 13	8,282
Stock Compensation Program Schedule Of Other Share-based Compensation, Activity 14	199,835
Stock Compensation Program Schedule Of Other Share-based Compensation, Activity 15	16,750
Stock Compensation Program Schedule Of Other Share-based Compensation, Activity 16	502,707
Stock Compensation Program Schedule Of Other Share-based Compensation, Activity 17	12,698
Stock Compensation Program Schedule Of Other Share-based Compensation, Activity 18	5,239
Stock Compensation Program Schedule Of Other Share-based Compensation, Activity 19	25,544
Stock Compensation Program Schedule Of Other Share-based Compensation, Activity 20	$3,134

Schedule_of_Stockholders_Equit

Schedule of Stockholders' Equity Note, Warrants or Rights, Activity (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 1	$44,450,500
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 2	0.7
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 3	0
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 4	0
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 5	0
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 6	0
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 7	44,450,500
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 8	0.7
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 9	0
Warrants Schedule Of Stockholders' Equity Note, Warrants Or Rights, Activity 10	$0

Schedule_of_Shares_Released_fr

Schedule of Shares Released from Escrow (Details) (USD $)	6 Months Ended
Schedule of Shares Released from Escrow (Details) (USD $)	Jun. 30, 2014
Investment In Petromanas Schedule Of Shares Released From Escrow 1	$10,000,000
Investment In Petromanas Schedule Of Shares Released From Escrow 2	15,000,000
Investment In Petromanas Schedule Of Shares Released From Escrow 3	15,000,000
Investment In Petromanas Schedule Of Shares Released From Escrow 4	40,000,000
Investment In Petromanas Schedule Of Shares Released From Escrow 5	30,000,000
Investment In Petromanas Schedule Of Shares Released From Escrow 6	30,000,000
Investment In Petromanas Schedule Of Shares Released From Escrow 7	30,000,000
Investment In Petromanas Schedule Of Shares Released From Escrow 8	30,000,000
Investment In Petromanas Schedule Of Shares Released From Escrow 9	$200,000,000

Investments_in_and_Advances_to

Investments in and Advances to Affiliates (Details) (USD $)	6 Months Ended
Investments in and Advances to Affiliates (Details) (USD $)	Jun. 30, 2014
Related Party Disclosure Investments In And Advances To Affiliates 1	100.00%
Related Party Disclosure Investments In And Advances To Affiliates 2	100.00%
Related Party Disclosure Investments In And Advances To Affiliates 3	100.00%
Related Party Disclosure Investments In And Advances To Affiliates 4	100.00%
Related Party Disclosure Investments In And Advances To Affiliates 5	1.20%
Related Party Disclosure Investments In And Advances To Affiliates 6	7.20%
Related Party Disclosure Investments In And Advances To Affiliates 7	25.00%
Related Party Disclosure Investments In And Advances To Affiliates 8	25.00%
Related Party Disclosure Investments In And Advances To Affiliates 9	90.00%
Related Party Disclosure Investments In And Advances To Affiliates 10	90.00%
Related Party Disclosure Investments In And Advances To Affiliates 11	100.00%
Related Party Disclosure Investments In And Advances To Affiliates 12	100.00%
Related Party Disclosure Investments In And Advances To Affiliates 13	100.00%
Related Party Disclosure Investments In And Advances To Affiliates 14	100.00%
Related Party Disclosure Investments In And Advances To Affiliates 15	74.00%
Related Party Disclosure Investments In And Advances To Affiliates 16	74.00%
Related Party Disclosure Investments In And Advances To Affiliates 17	74.00%
Related Party Disclosure Investments In And Advances To Affiliates 18	74.00%
Related Party Disclosure Investments In And Advances To Affiliates 19	100.00%
Related Party Disclosure Investments In And Advances To Affiliates 20	$0

Schedule_of_Related_Party_Tran

Schedule of Related Party Transactions (Details) (USD $)	6 Months Ended
Schedule of Related Party Transactions (Details) (USD $)	Jun. 30, 2014
Related Party Disclosure Schedule Of Related Party Transactions 1	$0
Related Party Disclosure Schedule Of Related Party Transactions 2	-241
Related Party Disclosure Schedule Of Related Party Transactions 3	-278
Related Party Disclosure Schedule Of Related Party Transactions 4	-11,734
Related Party Disclosure Schedule Of Related Party Transactions 5	6,737
Related Party Disclosure Schedule Of Related Party Transactions 6	6,288
Related Party Disclosure Schedule Of Related Party Transactions 7	13,463
Related Party Disclosure Schedule Of Related Party Transactions 8	12,564
Related Party Disclosure Schedule Of Related Party Transactions 9	74,273
Related Party Disclosure Schedule Of Related Party Transactions 10	89,138
Related Party Disclosure Schedule Of Related Party Transactions 11	148,432
Related Party Disclosure Schedule Of Related Party Transactions 12	$178,100

Schedule_of_Defined_Benefit_Pl

Schedule of Defined Benefit Plans Disclosures (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Personnel Costs And Employee Benefit Plans Schedule Of Defined Benefit Plans Disclosures 1	$8,212
Personnel Costs And Employee Benefit Plans Schedule Of Defined Benefit Plans Disclosures 2	10,164
Personnel Costs And Employee Benefit Plans Schedule Of Defined Benefit Plans Disclosures 3	12,318
Personnel Costs And Employee Benefit Plans Schedule Of Defined Benefit Plans Disclosures 4	20,328
Personnel Costs And Employee Benefit Plans Schedule Of Defined Benefit Plans Disclosures 5	10,809
Personnel Costs And Employee Benefit Plans Schedule Of Defined Benefit Plans Disclosures 6	4,802
Personnel Costs And Employee Benefit Plans Schedule Of Defined Benefit Plans Disclosures 7	16,213
Personnel Costs And Employee Benefit Plans Schedule Of Defined Benefit Plans Disclosures 8	9,604
Personnel Costs And Employee Benefit Plans Schedule Of Defined Benefit Plans Disclosures 9	-8,834
Personnel Costs And Employee Benefit Plans Schedule Of Defined Benefit Plans Disclosures 10	-3,853
Personnel Costs And Employee Benefit Plans Schedule Of Defined Benefit Plans Disclosures 11	-13,250
Personnel Costs And Employee Benefit Plans Schedule Of Defined Benefit Plans Disclosures 12	-7,706
Personnel Costs And Employee Benefit Plans Schedule Of Defined Benefit Plans Disclosures 13	11,625
Personnel Costs And Employee Benefit Plans Schedule Of Defined Benefit Plans Disclosures 14	4,931
Personnel Costs And Employee Benefit Plans Schedule Of Defined Benefit Plans Disclosures 15	17,437
Personnel Costs And Employee Benefit Plans Schedule Of Defined Benefit Plans Disclosures 16	9,862
Personnel Costs And Employee Benefit Plans Schedule Of Defined Benefit Plans Disclosures 17	21,812
Personnel Costs And Employee Benefit Plans Schedule Of Defined Benefit Plans Disclosures 18	16,044
Personnel Costs And Employee Benefit Plans Schedule Of Defined Benefit Plans Disclosures 19	32,717
Personnel Costs And Employee Benefit Plans Schedule Of Defined Benefit Plans Disclosures 20	$32,088

Schedule_of_Fair_Value_Assets_

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) (USD $)	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Fair Value Measurement Schedule Of Fair Value, Assets And Liabilities Measured On Recurring Basis 1	$2,549,020	'
Fair Value Measurement Schedule Of Fair Value, Assets And Liabilities Measured On Recurring Basis 2	0	'
Fair Value Measurement Schedule Of Fair Value, Assets And Liabilities Measured On Recurring Basis 3	0	'
Fair Value Measurement Schedule Of Fair Value, Assets And Liabilities Measured On Recurring Basis 4	2,549,020	'
Fair Value Measurement Schedule Of Fair Value, Assets And Liabilities Measured On Recurring Basis 5	0	'
Fair Value Measurement Schedule Of Fair Value, Assets And Liabilities Measured On Recurring Basis 6	0	'
Fair Value Measurement Schedule Of Fair Value, Assets And Liabilities Measured On Recurring Basis 1	'	7,478,799
Fair Value Measurement Schedule Of Fair Value, Assets And Liabilities Measured On Recurring Basis 2	'	0
Fair Value Measurement Schedule Of Fair Value, Assets And Liabilities Measured On Recurring Basis 3	'	0
Fair Value Measurement Schedule Of Fair Value, Assets And Liabilities Measured On Recurring Basis 4	'	7,478,799
Fair Value Measurement Schedule Of Fair Value, Assets And Liabilities Measured On Recurring Basis 5	'	0
Fair Value Measurement Schedule Of Fair Value, Assets And Liabilities Measured On Recurring Basis 6	'	$0

Schedule_of_Fair_Value_by_Bala

Schedule of Fair Value, by Balance Sheet Grouping (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 1	$7,047,161
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 2	7,047,161
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 3	3,063,947
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 4	3,063,947
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 5	215,033
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 6	215,033
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 7	46,738
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 8	46,738
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 9	10,000,000
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 10	10,000,000
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 11	10,111,656
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 12	10,111,656
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 13	22,968
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 14	22,968
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 15	32,508
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 16	32,508
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 17	2,549,020
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 18	2,549,020
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 19	7,478,799
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 20	7,478,799
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 21	691,084
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 22	691,084
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 23	447,736
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 24	$447,736

Schedule_of_Earnings_Per_Share

Schedule of Earnings Per Share, Basic and Diluted (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Earnings Per Share Schedule Of Earnings Per Share, Basic And Diluted 1	$172,592,292
Earnings Per Share Schedule Of Earnings Per Share, Basic And Diluted 2	172,592,292
Earnings Per Share Schedule Of Earnings Per Share, Basic And Diluted 3	172,592,292
Earnings Per Share Schedule Of Earnings Per Share, Basic And Diluted 4	172,592,292
Earnings Per Share Schedule Of Earnings Per Share, Basic And Diluted 5	0
Earnings Per Share Schedule Of Earnings Per Share, Basic And Diluted 6	0
Earnings Per Share Schedule Of Earnings Per Share, Basic And Diluted 7	0
Earnings Per Share Schedule Of Earnings Per Share, Basic And Diluted 8	0
Earnings Per Share Schedule Of Earnings Per Share, Basic And Diluted 9	172,592,292
Earnings Per Share Schedule Of Earnings Per Share, Basic And Diluted 10	172,592,292
Earnings Per Share Schedule Of Earnings Per Share, Basic And Diluted 11	172,592,292
Earnings Per Share Schedule Of Earnings Per Share, Basic And Diluted 12	$172,592,292

Schedule_of_Antidilutive_Secur

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Earnings Per Share Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share 1	$12,100,000
Earnings Per Share Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share 2	14,100,000
Earnings Per Share Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share 3	12,100,000
Earnings Per Share Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share 4	14,100,000
Earnings Per Share Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share 5	0
Earnings Per Share Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share 6	44,450,000
Earnings Per Share Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share 7	0
Earnings Per Share Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share 8	44,450,000
Earnings Per Share Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share 9	12,100,000
Earnings Per Share Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share 10	58,550,000
Earnings Per Share Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share 11	12,100,000
Earnings Per Share Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share 12	$58,550,000