Westport Energy (WPTH) 10-Q 12 Aug 15 2013 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2013	Aug. 07, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	WESTPORT ENERGY HOLDINGS INC.
Entity Central Index Key	1,102,414
Document Type	10-Q
Document Period End Date	Jun. 30, 2013
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		578,346
Trading Symbol	WPTH
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,013

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2013	Dec. 31, 2012
Assets
Cash and cash equivalents	$ 24,254	$ 35,049
Restricted cash	676,853	$ 675,997
Accounts Receivable	6,000
Prepaid and other current assets	21,830	$ 22,072
Total current assets	728,937	$ 733,118
Note receivable	150,000
Oil and gas properties, unproven	4,717,000	$ 4,717,000
Total assets	5,595,937	5,450,118
Current Liabilities:
Senior secured convertible debenture, net of discount	30,027,390	29,612,640
Account payable and accrued expenses	259,549	183,999
Convertible debentures	6,083,026	6,083,026
Accrued interest	10,574,547	8,909,386
Derivative liability	1,346,000	3,959,000
Total current liabilities	48,290,512	48,748,051
Stockholders' Deficiency:
Preferred stock, $0.001 par value, 1,000,000 shares authorized Series C Voting Convertible, 921,890 shares issued and outstanding	921	921
Common stock, $0.0001 par value; 2,000,000,000 shares authorized; 578,346 shares issued and outstanding	58	58
Additional paid-in capital	(9,584,242)	(9,584,242)
Accumulated deficit	(33,111,312)	(33,714,670)
Total stockholders' deficiency	(42,694,575)	(43,297,933)
Total liabilities and stockholders' deficiency	$ 5,595,937	$ 5,450,118

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2013	Dec. 31, 2012
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	2,000,000,000	2,000,000,000
Common stock, shares issued	578,346	578,346
Common stock, shares outstanding	578,346	578,346
Series C Voting Convertible Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	921,890	921,890
Preferred stock, shares outstanding	921,890	921,890

Condensed Consolidated Statemen

Condensed Consolidated Statement of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Income Statement [Abstract]
Net Sales
Operating expenses
Impairment loss
General and administrative expenses	$ 135,382	$ 403,913	$ 327,730	$ 610,799
Total operating expenses	135,382	403,913	327,730	610,799
Loss from operations	(135,382)	(403,913)	(327,730)	(610,799)
Interest income (expense)	(997,759)	(1,241,286)	(1,925,412)	(2,477,311)
Change in fair value of derivative liability	$ 1,827,000	$ 1,896,000	$ 2,824,000	2,778,000
Losses from trading securities				$ (1,440)
Other Income	$ 32,500		$ 32,500
Income (Loss) before income tax provision	$ 726,359	$ 250,801	$ 603,358	$ (311,550)
Income tax provision
Net income (loss)	$ 726,359	$ 250,801	$ 603,358	$ (311,550)
Basic income (loss) per common share	$ 1.26	$ 0.43	$ 1.04	$ (0.54)
Diluted income (loss) per common share	$ 0.02	$ 0.02	$ 0.04	$ (0.54)
Weighted average number of common shares outstanding - Basic	578,000	578,000	578,000	578,000
Weighted average number of common shares outstanding - Diluted	62,455,804	60,844,693	62,455,804	578,000

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Operating activities:
Net Income (Loss)	$ 603,358	$ (311,550)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:
Change in fair value of derivative liability	$ (2,824,000)	(2,778,000)
Unrealized (gains) losses on marketable securities		18
Amortization of debt discount	$ 225,750	$ 841,232
Other non-cash financing costs	35,169
Changes in Assets and Liabilities
Accounts Receivable	(6,000)
Prepaid and other current assets	15,073	$ 5,681
Increase in accounts payable and accrued expenses	75,550	(302,925)
Increase in accrued interest	1,665,161	1,636,254
Net cash used in operating activities	(209,939)	(909,290)
Investing activities:
Restricted cash	$ (856)	(497,293)
Proceeds from sale of trading securities		675,129
Purchases of trading securities		(107,972)
Net cash provided by (used in) investing activities	$ (856)	69,864
Financing activities
Line of credit		(18,238)
Proceeds from issuance of senior secured convertible debenture	$ 200,000	200,000
Net cash provided by financing activities	200,000	181,762
(Decrease) increase in cash	(10,795)	(657,664)
Cash and cash equivalents, beginning of period	35,049	856,061
Cash and cash equivalents, end of period	24,254	$ 198,397
NONCASH INVESTING AND FINANCING ACTIVITIES
Issuance of senior secured convertible debenture in exchange for note receivable	200,000
Note receivable and accrued interest received in exchange for senior secured convertible debenture	164,831
Debt discount derived from derivative liability - Senior Secured convertible debentures	211,000	$ 78,000
Total	$ 575,831	$ 78,000

Basis of Presentation and Natur

Basis of Presentation and Nature of Organization	6 Months Ended
	Jun. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Nature of Organization	1. Basis of Presentation and Nature of Organization Nature of Operations Westport Energy Holdings Inc.’s wholly owned subsidiary, Westport Acquisition LLC and its wholly owned subsidiary, Westport Energy, LLC (the Company), was formed in December 2008, in the State of Delaware, as a limited liability company. Westport Energy is an exploration stage company engaged in the exploration for coalbed methane in the Coos Bay region of Oregon. Westport Energy holds leases to approximately 104,000 acres of prospective coalbed methane lands in the Coos Bay Basin. The Company’s common stock is traded on the OTC Pink Marketplace under the symbol WPTH. Basis of Presentation of Interim Financial Statements The accompanying unaudited condensed consolidated financial statements were prepared by the Company pursuant to the rules and regulations of the SEC and, in the opinion of management, include all adjustments (consisting of normal recurring accruals and adjustments necessary for adoption of new accounting standards) necessary to present fairly the results of the interim periods shown. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been condensed or omitted pursuant to such SEC rules and regulations. Management believes that the disclosures made are adequate to make the information presented not misleading. The results for the interim periods are not necessarily indicative of results for the full year. The accompanying unaudited condensed consolidated financial statements include the accounts of Westport Energy Holdings Inc. and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. Liquidity and Going Concern The accompanying condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. The Company has recurring deficits, a large accumulated deficit and is in the exploration stage of development, and has no revenues. These items raise substantial doubt about the Company’s ability to continue as a going concern. In view of these matters, realization of the assets of the Company is dependent upon the Company’s ability to meet its financial requirements and the success of future operations. In addition, as of June 30, 2013, the Company is not compliant with the repayment terms of the convertible notes and is in technical default. The senior secured convertible debentures have cross-default provisions within the agreement, which necessitated their classification as a current liability. All convertible debentures are currently due and the Company continues to work with the note holders to remediate the default. The Company’s future success is dependent upon its ability to achieve profitable operations and raise the appropriate funds needed. There is no guarantee whether the Company will be able to generate enough revenue and or raise capital to support these operations. The Company cannot predict how long it will continue to incur further losses or whether it will ever become profitable, or if its business will improve. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2013
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies There have been no material changes during 2013 in the Company’s significant accounting policies to those previously disclosed in the 2012 Form 10K. Fair Value Framework The following table reconciles, for the six months ended June 30, 2013, the beginning and ending balances for financial instruments that are recognized at fair value using level 3 inputs in the condensed consolidated financial statements: Balance of derivative liability as of December 31, 2012 $ 3,959,000 Additional liability incurred 211,000 Change in fair value during period (2,824,000 ) Balance at June 30, 2013 $ 1,346,000 Level 3 financial instruments consist of certain embedded conversion features in the Company’s convertible debentures and senior secured convertible debentures. The fair value of these embedded conversion features are measured using the Black-Scholes model. The Company computes valuations each quarter, using Black-Scholes model calculations. The unobservable input used by the Company was the estimation of the volatility of the Company’s stock price over the remaining term of the convertible debentures, which were measured at 74% at June 30, 2013. Changes in unobservable input values would likely cause material changes in fair value of the Company’s Level 3 financial instruments. The significant unobservable input used in the fair value measurement is the estimation of the volatility of the Company’s common stock. A significant increase (decrease) in the volatility would result in a higher (lower) fair value measurement. Net Income (Loss) per Share of Common Stock The Company’s basic income (loss) per common share is based on net income or loss for the relevant period, divided by the weighted average number of common shares outstanding during the period. Diluted income per common share is based on net income, divided by the weighted average number of common shares outstanding during the period, including common share equivalents, such as outstanding stock options and beneficial conversion of related party accounts. Diluted loss per share does not include common stock equivalents, as these shares would have no effect. The computation of diluted loss per share also does not assume conversion, exercise or contingent exercise of securities due to the beneficial conversion of related party accounts, as this would be anti-dilutive. The computation of basic and diluted net loss attributable to common stockholders is as follows: Three Months Ended Six Months Ended June 30, 2013 June 30, 2012 June 30, 2013 June 30, 2012 Income (loss) attributable to common stockholders $ 706,528 $ 250,801 $ 583,527 $ (311,550 ) Effect of dilutive securities – convertible debenture conversions 834,376 818,891 1,665,160 - Numerator for diluted earnings per share after assumed debenture conversions 1,560,735 1,069,692 2,268,518 (311,550 ) Weighted average common shares outstanding 578,000 578,000 578,000 578,000 Dilutive Securities: Shares underlying secured and senior secured convertible debentures 61,877,804 60,266,693 61,877,804 - Diluted weighted average common shares outstanding and assumed conversion 62,455,804 60,844,693 62,455,804 - Basic income (loss) per share $ 1.26 $ 0.43 $ 1.04 $ (0.54 ) Diluted income per share $ 0.02 $ 0.02 $ 0.04 $ - Potentially Dilutive Securities The following table summarizes the potentially dilutive securities which were excluded from the above computation of basic net loss per share of common stock due to their anti-dilutive effect in a net loss situation: June 30, 2012 Warrants 600 Senior secured convertible debentures 47,085,000 Convertible debentures 13,181,600

Oil and Gas Properties, Unprove

Oil and Gas Properties, Unproven	6 Months Ended
	Jun. 30, 2013
Extractive Industries [Abstract]
Oil and Gas Properties, Unproven	3. Oil and Gas Properties, Unproven Summary As of June 30, 2013 the remaining capitalized costs of Oil and Gas Properties, unproved are summarized as follows: Acquisition Costs Impairment Total Coos Bay Basin Property Year ended 2008 $ 24,141,000 $ - $ 24,141,000 Year ended 2009 - - - Year ended 2010 - (3,041,000 ) (3,041,000 ) Year ended 2011 - (10,625,000 ) (10,625,000 ) Year ended 2012 - (5,758,000 ) (5,758,000 ) 6 months ended June 30, 2013 - - - Total $ 24,141,000 $ (19,424,000 ) $ 4,717,000 Impairment – Chehalis Basin Property In January 2010, the Company determined that the cost to continue exploration of the Chehalis Basin Property outweighed the benefit in which they projected. Therefore, lease agreements were not renewed with the owners and the asset balance was fully impaired. This resulted in an impairment of approximately $1,331,000 during the first quarter of 2010. On May 13, 2010, the Company received formal notice from Washington State Department of Natural Resources that these leases had been cancelled and forfeited effective May 7, 2010. Impairment During the fourth quarter of 2012 and 2011, the Company determined that the carrying cost of the Coos Bay property exceeded the fair value of the property by approximately $5,758,000 and $10,625,000, respectively. The fair value of the property was independently valued based upon a discounted cash flow using management’s estimates, which are considered level 3 inputs. The differences were recorded as impairment charges in the statement of operations.

Environmental Matters

Environmental Matters	6 Months Ended
	Jun. 30, 2013
Commitments and Contingencies Disclosure [Abstract]
Environmental Matters	4. Environmental Matters The Company has established procedures for a continuing evaluation of its operations to identify potential environmental exposures and to assure compliance with regulatory policies and procedures. Management monitors these laws and regulations and periodically assesses the propriety of its operational and accounting policies related to environmental issues. The nature of the Company’s business requires routine day-to-day compliance with environmental laws and regulations. The Company incurred no material environmental investigation, compliance and remediation costs for the six months ended June 30, 2013 and 2012. The Company is unable to predict whether its future operations will be materially affected by these laws and regulations. It is believed that legislation and regulations relating to environmental protection will not materially affect the results of operations of the Company.

Convertible Debentures, Derivat

Convertible Debentures, Derivative Liability and Debt Discount	6 Months Ended
	Jun. 30, 2013
Debt Disclosure [Abstract]
Convertible Debentures, Derivative Liability and Debt Discount	5. Convertible Debentures, Derivative Liability, and Debt Discount The following is a summary of the Company’s convertible debenture arrangements: Convertible debentures: Initial Conversion Price June 30, 2013 December 31, 2012 Due December 2010 – 5% 0.50 $ 592,000 $ 592,000 Due December 2010 – 12% 0.45 570,000 570,000 Due December 2010 – 5% 0.50 921,000 921,000 Due December 2011 – 12% 0.45 4,000,000 4,000,000 Debt discount - - - Total convertible debentures $ 6,083,000 $ 6,083,000 The convertible debentures (“debentures”), plus accrued interest are convertible into common stock of the Company at a conversion rate generally based on the lower of $500 or 90% of the average of the three lowest closing market prices of the Company’s stock for the thirty days preceding conversion, subject to adjustment and beneficial ownership limitations. The following is a summary of the Company’s senior secured convertible debenture arrangements: Senior secured convertible debentures: Initial Conversion Price June 30, 2013 December 31, 2012 Due August 2012 – 9% 0.65 $ 27,641,000 $ 27,641,000 Due August 2012 – 9% 0.45 650,000 650,000 Due August 2012 – 9% 0.45 120,000 120,000 Due December 2013 – 9% 0.45 910,000 910,000 Due December 2013 – 9% 0.45 172,000 172,000 Due December 2013 – 9% 0.45 200,000 200,000 Due December 2013 – 9% 0.45 25,000 25,000 Due December 2013 – 9% 0.45 25,000 25,000 Due December 2013 – 9% 0.45 50,000 50,000 Due December 2013 – 9% 0.45 50,000 50,000 Due December 2013 – 9% 0.45 75,000 75,000 Due December 2013 – 9% 0.45 100,000 100,000 Due December 2013 – 9% 0.45 50,000 - Due December 2013 – 9% 0.45 50,000 - Due December 2013 – 9% 0.45 50,000 - Due December 2013 – 9% 0.45 25,000 - Due December 2013 – 9% 0.45 200,000 - Due December 2013 – 9% 0.45 25,000 - Debt discount - (391,000 ) (405,000 ) Total senior secured convertible debentures $ 30,027,000 $ 29,613,000 The senior secured convertible debentures (“senior debentures”), plus accrued interest are convertible into common stock at various conversion rates which are subject to adjustment and beneficial ownership limitations. The conversion rates are subject to reduction based on the volume weighted average price (“VWAP”) for the period preceding the conversion date or other date of determination, based upon the contractual provisions included in the debenture agreements. The senior debentures are secured by a Guaranty and Security agreement dated August 17, 2010 provided by Westport Energy and Westport Acquisition provided to NEC and YA Global pursuant to which the guarantors unconditionally and irrevocably guarantee the full payment and performance of obligations the Company owes to NEC. In addition, the grantors of the security agreement grant to NEC security interest in all the assets and personal property of each grantor in order to secure the obligations under the NEC note. In May 2013, the Company issued a senior secured convertible debenture to YA Global in the principal amount of $200,000. The debenture was issued in consideration for the assignment from YA Global to the Company of a debenture issued by another entity to YA Global with an original principal amount of $150,000 plus accrued interest of $14,831. The Company recognized the remaining $35,169 as a financing fee included as interest expense. Technical default As of June 30, 2013 the Company is not compliant with the repayment terms of the convertible notes and is in technical default. The senior secured convertible debentures have cross-default provisions within the agreement, which necessitated their classification as a current liability. All convertible debentures are currently due and the Company continues to work with the note holders to remediate the default. Derivative Liability –Conversion Option Price protection features of the convertible debentures required the Company to treat the conversion options in the Company’s senior secured convertible debentures and convertible debentures as a derivative liability. The Company used the Black-Scholes option pricing model to calculate the fair value of the conversion options. Assumptions utilized to calculate the fair value of the derivative liability were as follows: June 30, 2013 December 31, 2012 Risk Free Interest Rate 1 % 1 % Volatility 74 % 47 % Term .4 years .9 years Dividend Rate 0 % 0 % Closing Price of Common Stock $ 0.50 $ 0.50

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2013
Subsequent Events [Abstract]
Subsequent Events	6. Subsequent Events On various dates between July 1, 2013 and the date of this report, the Company issued to YA Global, L.P., four senior secured convertible debentures, with aggregate principal amounts totaling $225,000. The debentures bear interest at the rate of 9% per annum, payable at maturity. The maturity date of the notes was December 31, 2013. The holder of the debentures is entitled to convert the principal and accrued interest into common stock of the Company at a conversion rate equal to the lesser of $15 (fixed conversion price) or 90% of the lowest daily VWAP of the common stock during the 10 consecutive trading days immediately preceding the conversion date or other date of determination, subject to adjustment as provided for in the debentures. On February 5, 2014, the Company entered into a securities purchase agreement (the “SPA”) with YA Global Investments, L.P., pursuant to which YA Global agreed to purchase a convertible debenture in the original principal amount of $1,080,000. This debenture has a maturity date of February 6, 2016 and bears interest at the rate of 12% per annum, which interest shall be paid in eighteen consecutive monthly payments no later than the fifteenth day of each month commencing on August 15, 2014. The holder of this debenture is entitled to convert the principal and accrued interest on the debenture into common stock of the Company at a conversion rate equal to 90% of the lowest daily VWAP of the common stock during the 10 consecutive trading days immediately preceding the conversion date or other date of determination, subject to adjustment as provided for in the debentures. Pursuant to the terms of the SPA, the purchase price for Debenture CICS-28 was paid as follows: (A) $200,000 was paid by the surrender by YA Global for cancelation of Secured Convertible Debenture No. CICS-25 issued by Westport to YA Global on August 20, 2013 in the original principal amount of $100,000, Secured Convertible Debenture No. CICS-26 issued by Westport to YA Global on November 1, 2013 in the original principal amount of $50,000 and Secured Convertible Debenture No. CICS-27 issued by Westport to YA Global on December 19, 2013 in the original principal amount of $50,000 and (B) $800,000 was paid by wire transfer of immediately available funds to the account of Westport. Pursuant to the SPA, Westport and YA Global also entered into a Royalty Agreement dated February 5, 2014 pursuant to which Westport agreed to pay YA Global a royalty equal to 25% of “Net Sales” from certain gas wells identified as the “Allocated Wells” under the SPA (the “Initial YA Royalty Agreement”). Following the execution of the SPA, Debenture CICS-28 and the Initial YA Royalty Agreement, YA Global entered into a Non-Recourse assignment agreement with Queensbury, Inc. (“Queensbury”), dated February 5, 2014, pursuant to which YA Global assigned one-half (1/2) of its 25% royalty under the Initial YA Royalty Agreement to Queensbury (the “Queensbury Assignment”) and notified Westport of such assignment by letter dated February 5, 2014 (the “Assignment Notice Letter”). Following the Queensbury Assignment and receipt by Westport of the Assignment Notice Letter, YA Global and Westport cancelled Debenture CICS-28 and the Initial YA Royalty Agreement and Westport then (i) issued to YA Global Debenture No. CICS-28A in the original principal amount of $540,000, which debenture was identical in form to Debenture No. CICS-28, except for the original principal amount of Debenture CICS-28A; (ii) issued to Queensbury Debenture No. CICS-28B in the original principal amount of $540,000, which debenture was identical in form to Debenture No. CICS-28, except for the original principal amount of Debenture CICS-28B; (iii) entered into a new Royalty Agreement with YA Global dated February 5, 2014, which was identical in form to the Initial YA Royalty Agreement except that the royalty thereunder is equal to 12.5% of the “Net Sales” from the Allocated Wells; and (iv) entered into a Royalty Agreement with Queensbury dated February 5,2014, which was identical in form to the Initial YA Royalty Agreement except that the royalty thereunder is equal to 12.5% of the “Net Sales” from the Allocated Wells. On February 26, 2014 Westport entered into an agreement with the State of Oregon, acting through the Department of State Lands (“DSL”“) pursuant to which (i) Westport would pay to DSL $59,698 in delay rent pursuant to nine separate oil and gas leases between Westport and DSL (the “DSL Leases”); (ii) Westport would quitclaim all of its right, title and interest in all lands subject to the DSL Leases and thereby surrender and terminate the DSL Leases; and (iii) DSL would return directly to Westport’s issuing bank for cancellation the $250,000 letter of credit issued pursuant to the DSL leases. Immediately following the agreement, all of the required acts pursuant to the agreement were consummated by each party resulting in the quitclaim by Westport of a total of 9,781 acres. On April 28, 2015, Westport quitclaimed all of its right, title and interest in all lands subject to the oil and gas lease between Westport and Coos County, a political subdivision of the State of Oregon (“Coos County”) dated June 19, 2002 (the “Coos County Lease”) and thereby surrendered and terminated the Coos County Lease. In addition, the $100,000 letter of credit issued pursuant to the Coos County Lease was returned by Coos County directly to Westport’s issuing bank for cancellation. Westport quitclaimed a total of 29,002 acres as a result of the surrender and termination of the Coos County Lease. As of July 31, 2015, Westport maintains oil and gas leases covering approximately 26,708 acres, but intends to concentrate its CBM gas development efforts on wells sites located on the property leased under Westport’s oil and gas lease with Menasha Development Corporation (the “Menasha Lease”). The Menasha Lease covers 16,427.23 acres and can accommodate approximately 51 wells, five of which are already drilled and in the final stages of connection to the nearby gas pipeline.

Summary of Significant Accoun12

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2013
Accounting Policies [Abstract]
Fair Value Framework	Fair Value Framework The following table reconciles, for the six months ended June 30, 2013, the beginning and ending balances for financial instruments that are recognized at fair value using level 3 inputs in the condensed consolidated financial statements: Balance of derivative liability as of December 31, 2012 $ 3,959,000 Additional liability incurred 211,000 Change in fair value during period (2,824,000 ) Balance at June 30, 2013 $ 1,346,000 Level 3 financial instruments consist of certain embedded conversion features in the Company’s convertible debentures and senior secured convertible debentures. The fair value of these embedded conversion features are measured using the Black-Scholes model. The Company computes valuations each quarter, using Black-Scholes model calculations. The unobservable input used by the Company was the estimation of the volatility of the Company’s stock price over the remaining term of the convertible debentures, which were measured at 74% at June 30, 2013. Changes in unobservable input values would likely cause material changes in fair value of the Company’s Level 3 financial instruments. The significant unobservable input used in the fair value measurement is the estimation of the volatility of the Company’s common stock. A significant increase (decrease) in the volatility would result in a higher (lower) fair value measurement.
Net Income (Loss) per Share of Common Stock	Net Income (Loss) per Share of Common Stock The Company’s basic income (loss) per common share is based on net income or loss for the relevant period, divided by the weighted average number of common shares outstanding during the period. Diluted income per common share is based on net income, divided by the weighted average number of common shares outstanding during the period, including common share equivalents, such as outstanding stock options and beneficial conversion of related party accounts. Diluted loss per share does not include common stock equivalents, as these shares would have no effect. The computation of diluted loss per share also does not assume conversion, exercise or contingent exercise of securities due to the beneficial conversion of related party accounts, as this would be anti-dilutive. The computation of basic and diluted net loss attributable to common stockholders is as follows: Three Months Ended Six Months Ended June 30, 2013 June 30, 2012 June 30, 2013 June 30, 2012 Income (loss) attributable to common stockholders $ 706,528 $ 250,801 $ 583,527 $ (311,550 ) Effect of dilutive securities – convertible debenture conversions 834,376 818,891 1,665,160 - Numerator for diluted earnings per share after assumed debenture conversions 1,560,735 1,069,692 2,268,518 (311,550 ) Weighted average common shares outstanding 578,000 578,000 578,000 578,000 Dilutive Securities: Shares underlying secured and senior secured convertible debentures 104,402,000 102,791,000 104,402,000 - Diluted weighted average common shares outstanding and assumed conversion 104,980,000 103,369,000 104,980,000 - Basic income (loss) per share $ 1.26 $ 0.43 $ 1.04 $ (0.54 ) Diluted income per share $ 0.01 $ 0.01 $ 0.02 $ -
Potentially Dilutive Securities	Potentially Dilutive Securities The following table summarizes the potentially dilutive securities which were excluded from the above computation of basic net loss per share of common stock due to their anti-dilutive effect in a net loss situation: June 30, 2012 Warrants 600 Senior secured convertible debentures 47,085,000 Convertible debentures 13,181,600

Summary of Significant Accoun13

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2013
Accounting Policies [Abstract]
Schedule of Fair Value of Financial Instruments	The following table reconciles, for the six months ended June 30, 2013, the beginning and ending balances for financial instruments that are recognized at fair value using level 3 inputs in the condensed consolidated financial statements: Balance of derivative liability as of December 31, 2012 $ 3,959,000 Additional liability incurred 211,000 Change in fair value during period (2,824,000 ) Balance at June 30, 2013 $ 1,346,000
Schedule of Computation of Basic and Diluted Net Loss Attributable to Common Stockholders	The computation of basic and diluted net loss attributable to common stockholders is as follows: Three Months Ended Six Months Ended June 30, 2013 June 30, 2012 June 30, 2013 June 30, 2012 Income (loss) attributable to common stockholders $ 706,528 $ 250,801 $ 583,527 $ (311,550 ) Effect of dilutive securities – convertible debenture conversions 834,376 818,891 1,665,160 - Numerator for diluted earnings per share after assumed debenture conversions 1,560,735 1,069,692 2,268,518 (311,550 ) Weighted average common shares outstanding 578,000 578,000 578,000 578,000 Dilutive Securities: Shares underlying secured and senior secured convertible debentures 61,877,804 60,266,693 61,877,804 - Diluted weighted average common shares outstanding and assumed conversion 62,455,804 60,844,693 62,455,804 - Basic income (loss) per share $ 1.26 $ 0.43 $ 1.04 $ (0.54 ) Diluted income per share $ 0.02 $ 0.02 $ 0.04 $ -
Schedule of Potentially Dilutive Securities Excluded From Computation of Basic and Diluted Net Loss Per Share	The following table summarizes the potentially dilutive securities which were excluded from the above computation of basic net loss per share of common stock due to their anti-dilutive effect in a net loss situation: June 30, 2012 Warrants 600 Senior secured convertible debentures 47,085,000 Convertible debentures 13,181,600

Oil and Gas Properties, Unpro14

Oil and Gas Properties, Unproven (Tables)	6 Months Ended
	Jun. 30, 2013
Extractive Industries [Abstract]
Schedule of Capitalized Costs of Oil and Gas Properties	As of June 30, 2013 the remaining capitalized costs of Oil and Gas Properties, unproved are summarized as follows: Acquisition Costs Impairment Total Coos Bay Basin Property Year ended 2008 $ 24,141,000 $ - $ 24,141,000 Year ended 2009 - - - Year ended 2010 - (3,041,000 ) (3,041,000 ) Year ended 2011 - (10,625,000 ) (10,625,000 ) Year ended 2012 - (5,758,000 ) (5,758,000 ) 6 months ended June 30, 2013 - - - Total $ 24,141,000 $ (19,424,000 ) $ 4,717,000

Convertible Debentures, Deriv15

Convertible Debentures, Derivative Liability and Debt Discount (Tables)	6 Months Ended
	Jun. 30, 2013
Summary of Assumptions Utilized to Calculate Fair Value of Derivative Liability	Assumptions utilized to calculate the fair value of the derivative liability were as follows: June 30, 2013 December 31, 2012 Risk Free Interest Rate 1 % 1 % Volatility 74 % 47 % Term .4 years .9 years Dividend Rate 0 % 0 % Closing Price of Common Stock $ 0.50 $ 0.50
Convertible Debenture [Member]
Summary of Convertible Debenture	The following is a summary of the Company’s convertible debenture arrangements: Convertible debentures: Initial Conversion Price June 30, 2013 December 31, 2012 Due December 2010 – 5% 0.50 $ 592,000 $ 592,000 Due December 2010 – 12% 0.45 570,000 570,000 Due December 2010 – 5% 0.50 921,000 921,000 Due December 2011 – 12% 0.45 4,000,000 4,000,000 Debt discount - - - Total convertible debentures $ 6,083,000 $ 6,083,000
Senior Secured Convertible Debenture [Member]
Summary of Convertible Debenture	The following is a summary of the Company’s senior secured convertible debenture arrangements: Senior secured convertible debentures: Initial Conversion Price June 30, 2013 December 31, 2012 Due August 2012 – 9% 0.65 $ 27,641,000 $ 27,641,000 Due August 2012 – 9% 0.45 650,000 650,000 Due August 2012 – 9% 0.45 120,000 120,000 Due December 2013 – 9% 0.45 910,000 910,000 Due December 2013 – 9% 0.45 172,000 172,000 Due December 2013 – 9% 0.45 200,000 200,000 Due December 2013 – 9% 0.45 25,000 25,000 Due December 2013 – 9% 0.45 25,000 25,000 Due December 2013 – 9% 0.45 50,000 50,000 Due December 2013 – 9% 0.45 50,000 50,000 Due December 2013 – 9% 0.45 75,000 75,000 Due December 2013 – 9% 0.45 100,000 100,000 Due December 2013 – 9% 0.45 50,000 - Due December 2013 – 9% 0.45 50,000 - Due December 2013 – 9% 0.45 50,000 - Due December 2013 – 9% 0.45 25,000 - Due December 2013 – 9% 0.45 200,000 - Due December 2013 – 9% 0.45 25,000 - Debt discount - (391,000 ) (405,000 ) Total senior secured convertible debentures $ 30,027,000 $ 29,613,000

Basis of Presentation and Nat16

Basis of Presentation and Nature of Organization (Details Narrative)	Jun. 30, 2013a
Westport Energy [Member]
Area of lease	104,000

Summary of Significant Accoun17

Summary of Significant Accounting Policies (Details Narrative)	6 Months Ended	12 Months Ended
	Jun. 30, 2013	Dec. 31, 2012
Accounting Policies [Abstract]
Estimation of volatility rate	74.00%	47.00%

Summary of Significant Accoun18

Summary of Significant Accounting Policies - Schedule of Fair Value of Financial Instruments (Details) - Level 3 [Member]	6 Months Ended
	Jun. 30, 2013USD ($)
Balance of derivative liability	$ 3,959,000
Additional liability incurred	211,000
Change in fair value during year	(2,824,000)
Balance at derivative liability	$ 1,346,000

Summary of Significant Accoun19

Summary of Significant Accounting Policies - Schedule of Computation of Basic and Diluted Net Loss Attributable to Common Stockholders (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Accounting Policies [Abstract]
Income (loss) attributable to common stockholders	$ 706,528	$ 250,801	$ 583,527	$ (311,550)
Effect of dilutive securities - convertible debenture conversions	834,376	818,891	1,665,160
Numerator for diluted earnings per share after assumed debenture conversions	1,560,735	1,069,692	2,268,518	(311,550)
Weighted average common shares outstanding	578,000	578,000	578,000	578,000
Dilutive Securities: Shares underlying secured and senior secured convertible debentures	61,877,804	60,266,693	61,877,804
Diluted weighted average common shares outstanding and assumed conversion	62,455,804	60,844,693	62,455,804
Basic income (loss) per share	$ 1.26	$ 0.43	$ 1.04	$ (0.54)
Diluted income per share	$ 0.02	$ 0.02	$ 0.04	$ (0.54)

Summary of Significant Accoun20

Summary of Significant Accounting Policies - Anti-Dilutive Securities Excluded From Computation of Basic and Diluted Net Loss Per Share (Details)	6 Months Ended
	Jun. 30, 2012shares
Warrants [Member]
Anti dilutive basic and diluted net loss per share	600
Senior Secured Convertible Debentures [Member]
Anti dilutive basic and diluted net loss per share	47,085,000
Convertible Debentures [Member]
Anti dilutive basic and diluted net loss per share	13,181,600

Oil and Gas Properties, Unpro21

Oil and Gas Properties, Unproven (Details Narrative) - USD ($)	3 Months Ended					6 Months Ended
	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2012	Dec. 31, 2011	Mar. 31, 2010	Jun. 30, 2013	Jun. 30, 2012
Impairment of oil and gas properties					$ 1,331,000
Coos Bay Oil And Gas Properties [Member]
Impairment of oil and gas properties		$ 5,758,000		$ 10,625,000

Oil and Gas Properties, Unpro22

Oil and Gas Properties, Unproven - Schedule of Capitalized Costs of Oil and Gas Properties (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Mar. 31, 2010	Jun. 30, 2013	Jun. 30, 2012
Impairment			$ 1,331,000
Coos Bay Basin Property [Member]
Acquisition Costs				$ 24,141,000
Impairment				(19,424,000)
Total				4,717,000
Coos Bay Basin Property [Member] | Year Ended 2008 [Member]
Acquisition Costs				$ 24,141,000
Impairment
Total				$ 24,141,000
Coos Bay Basin Property [Member] | Year Ended 2009 [Member]
Acquisition Costs
Impairment
Total
Coos Bay Basin Property [Member] | Year Ended 2010 [Member]
Acquisition Costs
Impairment				$ (3,041,000)
Total				$ (3,041,000)
Coos Bay Basin Property [Member] | Year Ended 2011 [Member]
Acquisition Costs
Impairment				$ (10,625,000)
Total				$ (10,625,000)
Coos Bay Basin Property [Member] | Year Ended 2012 [Member]
Acquisition Costs
Impairment				$ (5,758,000)
Total				$ (5,758,000)
Coos Bay Basin Property [Member] | 6 Months Ended June 30, 2013 [Member]
Acquisition Costs
Impairment
Total

Convertible Debentures, Deriv23

Convertible Debentures, Derivative Liability and Debt Discount (Details Narrative) - USD ($)	1 Months Ended	6 Months Ended
	May. 31, 2013	Jun. 30, 2013
Debt convertible into common stock		$ 500
Percentage of conversion rate		90.00%
YA Global [Member]
Proceeds from issuance of senior secured convertible debenture	$ 200,000
Debt original principal amount	150,000
Accrued interest	14,831
Financing fee included interest expense	$ 35,169

Convertible Debentures, Deriv24

Convertible Debentures, Derivative Liability and Debt Discount - Summary of Convertible Debenture (Details) - USD ($)	Jul. 30, 2013	Jun. 30, 2013	Dec. 31, 2012
Convertible Debenture [Member]
Convertible debt		$ 6,083,000	$ 6,083,000
Convertible Debenture [Member] | Convertible Debenture Due 1 [Member]
Conversion price		$ 0.50	$ 0.50
Convertible debt		$ 592,000	$ 592,000
Convertible Debenture [Member] | Convertible Debenture Due 2 [Member]
Conversion price		$ 0.45	$ 0.45
Convertible debt		$ 570,000	$ 570,000
Convertible Debenture [Member] | Convertible Debenture Due 3 [Member]
Conversion price		$ 0.50	$ 0.50
Convertible debt		$ 921,000	$ 921,000
Convertible Debenture [Member] | Convertible Debenture Due 4 [Member]
Conversion price		$ 0.45	$ 0.45
Convertible debt		$ 4,000,000	$ 4,000,000
Convertible Debenture [Member] | Convertible Debenture Debt Discount [Member]
Conversion price
Convertible debt
Senior Secured Convertible Debenture [Member]
Conversion price
Convertible debt		$ 30,027,000	$ 29,613,000
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 1 [Member]
Conversion price		$ 0.65	$ 0.65
Convertible debt		$ 27,641,000	$ 27,641,000
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 2 [Member]
Conversion price		$ 0.45	$ 0.45
Convertible debt		$ 650,000	$ 650,000
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 3 [Member]
Conversion price	$ 0.45		$ 0.45
Convertible debt	$ 120,000		$ 120,000
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 4 [Member]
Conversion price		$ 0.45	$ 0.45
Convertible debt		$ 910,000	$ 910,000
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 5 [Member]
Conversion price		$ 0.45	$ 0.45
Convertible debt		$ 172,000	$ 172,000
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 6 [Member]
Conversion price		$ 0.45	$ 0.45
Convertible debt		$ 200,000	$ 200,000
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 7 [Member]
Conversion price		$ 0.45	$ 0.45
Convertible debt		$ 25,000	$ 25,000
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 8 [Member]
Conversion price		$ 0.45	$ 0.45
Convertible debt		$ 25,000	$ 25,000
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 9 [Member]
Conversion price		$ 0.45	$ 0.45
Convertible debt		$ 50,000	$ 50,000
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 10 [Member]
Conversion price		$ 0.45	$ 0.45
Convertible debt		$ 50,000	$ 50,000
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 11 [Member]
Conversion price		$ 0.45	$ 0.45
Convertible debt		$ 75,000	$ 75,000
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 12 [Member]
Conversion price		$ 0.45	$ 0.45
Convertible debt		$ 100,000	$ 100,000
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 13 [Member]
Conversion price		$ 0.45	$ 0.45
Convertible debt		$ 50,000
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 14 [Member]
Conversion price		$ 0.45	$ 0.45
Convertible debt		$ 50,000
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 15 [Member]
Conversion price		$ 0.45	$ 0.45
Convertible debt		$ 50,000
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 16 [Member]
Conversion price		$ 0.45	$ 0.45
Convertible debt		$ 25,000
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 17 [Member]
Conversion price		$ 0.45	$ 0.45
Convertible debt		$ 200,000
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 18 [Member]
Conversion price		$ 0.45	$ 0.45
Convertible debt		$ 25,000
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Debt Discount [Member]
Convertible debt		$ (391,000)	$ (405,000)

Convertible Debentures, Deriv25

Convertible Debentures, Derivative Liability and Debt Discount - Summary of Convertible Debenture (Details) (Parenthetical) - USD ($) None in scaling factor is -9223372036854775296	6 Months Ended	12 Months Ended
	Jun. 30, 2013	Dec. 31, 2012	Jul. 30, 2013
Convertible Debenture [Member]
Debt discount
Convertible Debenture [Member] | Convertible Debenture Due 1 [Member]
Interest rate	5.00%	5.00%
Convertible debt due period	December 2,010	December 2,010
Convertible Debenture [Member] | Convertible Debenture Due 2 [Member]
Interest rate	12.00%	12.00%
Convertible debt due period	December 2,010	December 2,010
Convertible Debenture [Member] | Convertible Debenture Due 3 [Member]
Interest rate	5.00%	5.00%
Convertible debt due period	December 2,010	December 2,010
Convertible Debenture [Member] | Convertible Debenture Due 4 [Member]
Interest rate	12.00%	12.00%
Convertible debt due period	December 2,011	December 2,011
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 1 [Member]
Interest rate	9.00%	9.00%
Convertible debt due period	August 2,012	August 2,012
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 2 [Member]
Interest rate	9.00%	9.00%
Convertible debt due period	August 2,012	August 2,012
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 3 [Member]
Interest rate		9.00%	9.00%
Convertible debt due period	August 2,012	August 2,012
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 4 [Member]
Interest rate	9.00%	9.00%
Convertible debt due period	December 2,013	December 2,013
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 5 [Member]
Interest rate	9.00%	9.00%
Convertible debt due period	December 2,013	December 2,013
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 6 [Member]
Interest rate	9.00%	9.00%
Convertible debt due period	December 2,013	December 2,013
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 7 [Member]
Interest rate	9.00%	9.00%
Convertible debt due period	December 2,013	December 2,013
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 8 [Member]
Interest rate	9.00%	9.00%
Convertible debt due period	December 2,013	December 2,013
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 9 [Member]
Interest rate	9.00%	9.00%
Convertible debt due period	December 2,013	December 2,013
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 10 [Member]
Interest rate	9.00%	9.00%
Convertible debt due period	December 2,013	December 2,013
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 11 [Member]
Interest rate	9.00%	9.00%
Convertible debt due period	December 2,013	December 2,013
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 12 [Member]
Interest rate	9.00%	9.00%
Convertible debt due period	December 2,013	December 2,013
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 13 [Member]
Interest rate	9.00%	9.00%
Convertible debt due period	December 2,013	December 2,013
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 14 [Member]
Interest rate	9.00%	9.00%
Convertible debt due period	December 2,013	December 2,013
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 15 [Member]
Interest rate	9.00%	9.00%
Convertible debt due period	December 2,013	December 2,013
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 16 [Member]
Interest rate	9.00%	9.00%
Convertible debt due period	December 2,013	December 2,013
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 17 [Member]
Interest rate	9.00%	9.00%
Convertible debt due period	December 2,013	December 2,013
Senior Secured Convertible Debenture [Member] | Senior Secured Convertible Debenture Due 18 [Member]
Interest rate	9.00%	9.00%
Convertible debt due period	December 2,013	December 2,013

Convertible Debentures, Deriv26

Convertible Debentures, Derivative Liability and Debt Discount - Summary of Assumptions Utilized to Calculate Fair Value of Derivative Liability (Details) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2013	Dec. 31, 2012
Debt Disclosure [Abstract]
Risk Free Interest Rate	1.00%	1.00%
Volatility	74.00%	47.00%
Term	4 months 24 days	10 months 24 days
Dividend Rate	0.00%	0.00%
Closing Price of Common Stock	$ 0.50	$ 0.50

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)	Apr. 28, 2015USD ($)a	Feb. 26, 2014USD ($)a	Feb. 05, 2014USD ($)	Dec. 19, 2013USD ($)	Nov. 01, 2013USD ($)	Aug. 20, 2013USD ($)	Jul. 01, 2013USD ($)$ / shares	Jun. 30, 2013USD ($)	Jul. 31, 2015aWells
Percentage of conversion rate								90.00%
Subsequent Event [Member] | YA Global, L.P [Member] | SPA [Member]
Debentures bear interest at the rate			12.00%
Debenture maturity date			Feb. 6, 2016
Conversion of stock description			The holder of this debenture is entitled to convert the principal and accrued interest on the debenture into common stock of the Company at a conversion rate equal to 90% of the lowest daily VWAP of the common stock during the 10 consecutive trading days immediately preceding the conversion date or other date of determination, subject to adjustment as provided for in the debentures.
Convertible debenture original principal amount			$ 1,080,000	$ 50,000	$ 50,000	$ 100,000
Percentage of conversion rate			90.00%
Repayment of debt								$ 200,000
Amount paid to available funds in the account				$ 800,000
Subsequent Event [Member] | YA Global, L.P [Member] | YA Royalty Agreement [Member]
Percentage of royalty equal of net sale to pay related party			25.00%
Subsequent Event [Member] | YA Global, L.P [Member] | Senior Secured Convertible Debentures [Member]
Convertible debt							$ 225,000
Debentures bear interest at the rate							9.00%
Debenture maturity date							Dec. 31, 2013
Conversion of stock description							The holder of the debentures is entitled to convert the principal and accrued interest into common stock of the Company at a conversion rate equal to the lesser of $15 (fixed conversion price) or 90% of the lowest daily VWAP of the common stock during the 10 consecutive trading days immediately preceding the conversion date or other date of determination, subject to adjustment as provided for in the debentures.
Conversion rate equal to lesser fixed conversion price per share | $ / shares							$ 15
Subsequent Event [Member] | YA Global, L.P [Member] | Queensbury Debenture One [Member] | YA Royalty Agreement [Member]
Convertible debenture original principal amount			$ 540,000
Percentage of royalty equal of net sale to pay related party			12.50%
Subsequent Event [Member] | YA Global, L.P [Member] | Queensbury Debenture Two [Member] | YA Royalty Agreement [Member]
Convertible debenture original principal amount			$ 540,000
Percentage of royalty equal of net sale to pay related party			12.50%
Subsequent Event [Member] | Westport Energy [Member]
Operating lease rent		$ 59,698
Letter of credit issued during period	$ 100,000	$ 250,000
Area of lease | a	29,002	9,781							26,708
Subsequent Event [Member] | Westport Energy [Member] | Menasha Lease [Member]
Area of lease | a									16,427.23
Number of wells | Wells									51