Multi-Corp International (MULI) 10-Q 12 Mar 14 2013 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2013	Feb. 23, 2014
Document and Entity Information:	'	'
Entity Registrant Name	'MULTI-CORP INTERNATIONAL INC.	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-13	'
Amendment Flag	'false	'
Entity Central Index Key	'0001405260	'
Current Fiscal Year End Date	'--12-31	'
Entity Common Stock, Shares Outstanding	'	87,193,765
Entity Filer Category	'Smaller Reporting Company	'
Entity Current Reporting Status	'No	'
Entity Voluntary Filers	'No	'
Entity Well-known Seasoned Issuer	'No	'
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q1	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2013	Dec. 31, 2012
Current	'	'
Cash	$0	$0
Total Current Assets	0	0
Oil and gas properties, full cost method of accounting	12,559,942	12,559,942
Less: accumulated depletion, depreciation, and amortization	0	0
Total proved properties, net	12,559,942	12,559,942
Total other assets, net	0	0
Total Assets	12,559,942	12,559,942
Current:	'	'
Accounts payable and accrued liabilities	220,785	195,741
Short term notes payable	121,921	152,753
Advances from stockholders	143,046	143,046
Total Current Liabilities	485,752	491,540
Asset retirement obligation	1,199,267	1,179,242
Total liabilities	1,685,019	1,670,782
STOCKHOLDERS' EQUITY (DEFICIT)	'	'
Preferred stock, $0.0001 par value, non-voting, 20,000,000 authorized, none issued and outstanding	0	0
Common stock, $0.0001 par value, voting, 500,000,000 authorized, 84,193,765 and 87,164,765 issued and outstanding as at December 31, 2012 and December 31, 2011 respectively	8,419	8,716
Additional Paid-in Capital	34,624,095	33,569,332
Retained earnings (accumulated deficit) during the development stage	-23,757,591	-22,688,888
Total Stockholders' Equity (Deficit)	10,874,923	10,889,160
Total Liabilities and Stockholders' (Equity) Deficit	$12,559,942	$12,559,942

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets Parentheticals (USD $)	Mar. 31, 2013	Dec. 31, 2012
Parentheticals	'	'
Preferred Stock, par value	$0.00	$0.00
Preferred Stock, shares authorized	20,000,000	20,000,000
Common Stock, par value	$0.00	$0.00
Common Stock, shares authorized	500,000,000	500,000,000
Common Stock, shares issued	84,193,765	87,164,765
Common Stock, shares outstanding	84,193,765	87,164,765

Statements_of_Operations_Unaud

Statements of Operations (Unaudited) (USD $)	3 Months Ended		30 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013
Revenues:	'	'	'
Revenues	$0	$0	$0
Operating Expenses	'	'	'
Professional fees	32,364	3,717	257,700
Amortization of intangible assets	0	2,333	23,333
Accretion of discount on asset retirement obligations	20,025	0	23,632
Impairment of intangible assets	0	0	69,067
Impairment of oil and gas assets	0	0	7,815,693
General and administrative expenses	2,669	256,718	292,578
(Loss) from continuing operations	-55,058	-262,768	-8,482,003
Other Income (expense)	'	'	'
Loss on debt extinguishment	-1,008,000	0	-15,256,846
Interest expense	-5,645	-1,085	-33,403
Other income (expenses)	-1,013,645	-1,085	-15,290,249
Income (Loss) before discontinued operations	-1,013,645	-263,853	-23,772,252
Gain (loss) from discontinued operations	0	0	14,661
Net (Loss)	($1,068,703)	($263,853)	($23,757,591)
Basic and diluted Net (loss) per share from continuing operations	($0.01)	$0	'
Basic and diluted Net income per share from discontinued operation	$0	$0	'
Basic and diluted Net (loss) per share	($0.01)	$0	'
Weighted average number of shares outstanding	86,273,465	151,344,503	'

Statements_of_Cash_Flows_Unaud

Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended		30 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013
Cash Flows from Operating Activities	'	'	'
Net (loss)	($1,068,703)	($263,853)	($23,757,591)
Adjustment to reconcile net loss to cash used by operations:	'	'	'
Stock-based compensation	0	250,000	250,000
Amortization of intangible asset	0	2,333	23,333
Accretion on asset retirement obligations	20,025	0	23,632
Imputed interest contributed to additional paid in capital	4,466	0	26,314
Loss on conversion of debt to shares	1,008,000	0	15,256,846
Impairment of intangible asset	0	0	69,067
Impairment of oil and gas asset	0	0	7,815,693
Gain on divestment of AquaSil Inc.	0	0	-32,446
Change in operating assets and liabilities:	'	'	'
Accounts payable and accrued liabilities	25,043	11,520	182,625
Net cash used in continuing operating	-11,169	0	-142,527
Net cash used in discontinued operating	0	0	0
Net cash used in operating activities	0	0	-142,527
Cash flows from Financing Activities	'	'	'
Acquisition of AquaSil Inc.	0	0	1,000
Proceeds from short term notes payable	11,169	0	103,921
Advances from stockholders	0	0	5,160
Net cash used in continuing operating	11,169	0	110,081
Net cash used in discontinued operating	0	0	32,446
Net cash provided by financing activities	11,169	0	142,527
(Decrease) Increase in cash during the period	0	0	0
Cash, beginning of period	0	0	0
Cash, end of period	0	0	0
Supplemental disclosure of cash flow information:	'	'	'
Interest	0	0	0
Income taxes	0	0	0
Non-cash transactions:	'	'	'
Common stock issued for settlement of advances from stockholders	0	0	774,971
Common stock issued for settlement of short-term loan	42,000	0	42,000
Common stock issued for settlement of accounts payable	0	0	3,000
Common stock issued to acquisition of intellectual property	0	92,400	92,400
Common stock issued for acquisition of oil and gas asset	0	0	19,200,000
Common stock cancelled by shareholder	4,497	0	4,497
Asset retirement obligation acquired with acquisition of oil and gas asset	$0	$0	$1,175,635

ORGANIZATION_NATURE_OF_OPERATI

ORGANIZATION, NATURE OF OPERATIONS AND BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2013
ORGANIZATION, NATURE OF OPERATIONS AND BASIS OF PRESENTATION	'
ORGANIZATION, NATURE OF OPERATIONS AND BASIS OF PRESENTATION	'
	Note 1 — ORGANIZATION, NATURE OF OPERATIONS AND BASIS OF PRESENTATION
	Organization and Nature of Operations
	Gray Creek Mining, Inc. was incorporated on December 10, 2006 under the laws of the State of Nevada. A Certificate of Amendment was filed with the Nevada Secretary of State, on November 7, 2008, changing the Company’s name to BWI Holdings, Inc. A Certificate of Amendment was filed with the Nevada Secretary of State, on January 27, 2011, changing the Company’s name to Aquasil International Inc. On May 22, 2012, the Board of Directors of the Company authorized a name change to Multi-Corp International Inc. (the “Company”).
	On December 30, 2010, the Company entered into a stock exchange agreement (the “Stock Exchange Agreement”) with AquaSil, Inc., a New York corporation (“AquaSil”) and the sole stockholder of AquaSil. In accordance with the Stock Exchange Agreement, the Company acquired 100% of the total issued and outstanding shares of common stock of AquaSil in exchange for the issuance of an aggregate 70,000 shares of the Company’s common stock to the sole stockholder of AquaSil. As a result of this transaction, AquaSil became a wholly-owned subsidiary of the Company.
	The Company’s wholly owned subsidiary, AquaSil, was incorporated in the State of New York on September 21, 2010 to engage in the business of selling various water and soft drink products. The operations were consolidated until the entity was disposed on March 31, 2012.
	On May 22, 2012, the Board of Directors authorized the Company to implement a reverse stock split of the Company’s outstanding shares of Common Stock at a ratio of 1000:1 and to file all required documents to the requisite regulatory authorities to implement the reverse split. All share and per share data included in this report is consistent with the implementation of the reverse split.
	On December 17, 2012, we entered into two agreements (the “Agreements”) with Quad Energy Corp., a Nevada Corporation (“Quad”) whereby we will acquire a 100% Working Interest and Revenue Interests ranging from 61.96% to 70.5% in the 2,800 acre Cave Pool Property in Eddy County, New Mexico which have an estimated 51  identified drilling and recompletion locations, of which 14 were proved undeveloped, and all of the production equipment on the Property including all of the pump jacks, storage tanks, and batteries.
	Basis of Presentation
	The Company is in the development stage and has no revenues. A development stage company is one in which all efforts are devoted substantially to establishing a new business and even if planned principal operations have commenced, revenues are insignificant.
	These consolidated financial statements include the accounts of Multi-Corp International Inc. and up to March 31, 2012 includes the accounts of AquaSil. The operations were consolidated until the entity was disposed on March 31, 2012.

GOING_CONCERN

GOING CONCERN	3 Months Ended
	Mar. 31, 2013
GOING CONCERN	'
GOING CONCERN	'
	Note 2 — GOING CONCERN
	The accompanying financial statements have been prepared assuming the Company will continue as a going concern. The Company is a development stage company and is dependent on raising capital to commence principal operations. These circumstances raise substantial doubt about the Company’s ability to continue as a going concern.  Management believes the Company’s ability to continue as a going concern is dependent on its ability to raise capital. At present, the Company has no commitments for any additional financing. Management is currently seeking financing through a possible offering of common stock, which will be used to finance operations. Until such financing is obtained, it is the intent of stockholders to provide funds for professional fees related to maintaining the Company’s public reporting status.
	The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	Note 3 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	The financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates, which have been made using careful judgment. Actual results may vary from these estimates.
	The financial statements have, in management’s opinion, been properly prepared within reasonable limits of materiality and within the framework of the significant accounting policies summarized below:
	Reclassifications
	Certain prior period amounts have been reclassified to conform to the current period presentation. There was no material effect to the consolidated financial statements as a result of these reclassifications.
	Cash and Cash Equivalents
	Cash and cash equivalents consist of commercial accounts and interest-bearing bank deposits and are carried at cost, which approximates current value. Items are considered to be cash equivalents if the original maturity is three months or less.
	Equipment and Facilities
	Equipment and facilities are recorded at cost. Depreciation is recorded using the straight-line method over the estimated useful lives of the related assets, ranging from one to twenty-five years.
	Intangible Assets
	Acquired intangible assets are recognized at cost and are classified as assets with finite useful lives. The Company amortizes the intangible assets with five years using the straight-line method over the estimated economic lives of the assets. Intangible assets are evaluated for impairment to determine if current circumstances and market conditions indicate the carrying amount may not be recoverable. The Company recognized an impairment loss of $69,067 on the intangible assets during the year ended December 31, 2012.
	Asset Retirement Obligations
	The Company records the fair value of a liability for an asset retirement obligation in the period in which the well is spud or the asset is acquired and a corresponding increase in the carrying amount of the related long-lived asset. The liability is accreted to its present value each period, and the capitalized cost is depreciated over the useful life of the related asset. If the liability is settled for an amount other than the recorded amount, a gain or loss is recognized.
	Full Cost Method
	The Company follows the full cost method of accounting for oil and gas operations whereby all costs related to the exploration and development of oil and gas properties are initially capitalized into a single cost center by country ("full cost pool"). At March 31, 2013, the Company had one cost center  in the  United States.
	All capitalized costs of oil and gas properties, including the estimated future costs to develop proved reserves, are amortized on the unit-of-production method using estimates of proved reserves once proved reserves are determined to exist. At March 31, 2013, there was no amortization of these costs due to there being no production.
	Unproved property costs are excluded from the amortization base until determination of the existence of proved reserves on the respective property or until the requirement for impairment. Unproved properties are reviewed at the end of each quarter to determine whether portions of the costs should be reclassified to the full cost pool and thereby subject to amortization. Sales of oil and natural gas properties are accounted for as adjustments to the net full cost pool with no gain or loss recognized, unless the adjustment would significantly alter the relationship between capitalized costs and proved reserves.
	Capitalized costs are summarized as follows for the periods ended March 31, 2013 and December 31, 2012, respectively:
			31-Mar-13		31-Dec-12
	Shares issued to acquire the oil and gas properties		$	19,200,000	$	19,200,000
	Asset retirement cost		$	1,175,635	$	1,175,635
	Accumulated impairment		$	-7,815,693	$	-7,815,693
	Net		$	12,559,942	$	12,559,942
	Capitalized costs of oil and gas properties (net of related deferred income taxes) may not exceed an amount equal to the present value, discounted at 10% per annum, of the estimated future net cash flows from proved oil and gas reserves plus the cost of unproved properties (adjusted for related income tax effects). Should capitalized costs exceed this ceiling, impairment is recognized. The present value of estimated future net cash flows is computed by applying the arithmetic average first day price of oil and natural gas for the preceding twelve months to estimated future production of proved oil and gas reserves as of the end of the period, less estimated future expenditures to be incurred in developing and producing the proved reserves and assuming continuation of existing economic conditions. Such present value of proved reserves' future net cash flows excludes future cash outflows associated with settling asset retirement obligations. Should this comparison indicate an excess carrying value, the excess is charged to earnings as an impairment expense. We recognized $0 and $7,815,693 of impairment costs during the periods ended March 31, 2013 and December 31, 2012, respectively.
	Impairment
	FASB ASC 360-10-35-21 requires that assets to be held and used be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Oil and gas properties accounted for using the full cost method of accounting (which the Company uses) are excluded from this requirement but continue to be subject to the full cost method's impairment rules.
	Revenue recognition
	The Company recognizes oil and natural gas revenues from our interests in producing wells when production is delivered to, and title has transferred to, the purchaser and to the extent the selling price is reasonably determinable, and collectability is reasonably assured. Gas-balancing arrangements are accounted for using the sales method.
	Fair Value of Financial Instruments
	The Company measures its financial assets and liabilities in accordance with the requirements of ASC 820, Fair Value Measurements and Disclosures. ASC 820 clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:
	Level 1- Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date.
	Fair Value of Financial Instruments (continued)
	Level 2- Inputs are unadjusted quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data.
	Level 3- Inputs are unobservable inputs which reflect the reporting entity’s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information,
	The carrying value of all assets and liabilities approximated their fair values as of March 31, 2013 and March 31, 2012, respectively.
	The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheets as of March 31, 2013 and December 31, 2012:
		Fair Value Measurements at March 31, 2013
			Level 1		Level 2		Level 3
	Assets:
	None		$	-	$	-	$	-
	Liabilities
	Short term notes payable			-		121,921		-
	Advances from stockholders			-		143,046		-
	Total Liabilities		$	-	$	264,967	$	-
		Fair Value Measurements at December 31, 2012
			Level 1		Level 2		Level 3
	Assets:
	None		$	-	$	-	$	-
	Liabilities
	Short term notes payable			-		152,753		-
	Advances from stockholders			-		143,046		-
	Total Liabilities		$	-	$	295,799	$	-
	Stock-Based Compensation
	The Company follows the guidance included in ASC 718 Compensation-Stock Compensation (“ASC 718”) using the modified prospective transition method. The Company recognizes compensation expense in the financial statements for share-based awards based on the grant date fair value of those awards.
	Income Taxes
	The Company accounts for income taxes pursuant to ASC 740, Income Taxes . Deferred tax assets and liabilities are recorded for differences between the financial statements and tax basis of the assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense is recorded for the amount of income tax payable or refundable for the period increased or decreased by the change in deferred tax assets and liabilities during the period.
	Use of Estimates
	The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. These estimates are reviewed periodically, and, as adjustments become necessary, they are reported in earnings in the period in which they become known. The estimates on depreciation were based on the estimated useful lives of the Company's assets. Any estimates during the period have had an immaterial effect on earnings.
	Earnings or Loss Per Share
	The Company accounts for earnings per share pursuant ASC 260, Earnings per Share, which require disclosure on the financial statements of “basic” and “diluted” earnings (loss) per share. Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding for the year. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding. During the periods ended March 31, 2013 and December 31, 2012 the Company had no common stock equivalents outstanding. Due to this, as well as the net losses reported for these years, the basic loss per share was the same as the diluted loss per share.
	Recent Accounting Pronouncements
	In February 2013, FASB issued ASU No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, to improve the transparency of reporting these reclassifications. Other comprehensive income includes gains and losses that are initially excluded from net income for an accounting period. Those gains and losses are later reclassified out of accumulated other comprehensive income into net income. The amendments in the ASU do not change the current requirements for reporting net income or other comprehensive income in financial statements. All of the information that this ASU requires already is required to be disclosed elsewhere in the financial statements under U.S. GAAP. The new amendments will require an organization to:
	-	Present (either on the face of the statement where net income is presented or in the notes) the effects on the line items of net income of significant amounts reclassified out of accumulated other comprehensive income - but only if the item reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period; and
-	Cross-reference to other disclosures currently required under U.S. GAAP for other reclassification items (that are not required under U.S. GAAP) to be reclassified directly to net income in their entirety in the same reporting period. This would be the case when a portion of the amount reclassified out of accumulated other comprehensive income is initially transferred to a balance sheet account (e.g., inventory for pension-related amounts) instead of directly to income or expense.
The amendments apply to all public and private companies that report items of other comprehensive income. Public companies are required to comply with these amendments for all reporting periods (interim and annual). The amendments are effective for reporting periods beginning after December 15, 2012, for public companies. Early adoption is permitted. The adoption of ASU No. 2013-02 is not expected to have a material impact on our financial position or results of operations.
In January 2013, the FASB issued ASU No. 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities , which clarifies which instruments and transactions are subject to the offsetting disclosure requirements originally established by ASU 2011-11.
The new ASU addresses preparer concerns that the scope of the disclosure requirements under ASU 2011-11 was overly broad and imposed unintended costs that were not commensurate with estimated benefits to financial statement users. In choosing to narrow the scope of the offsetting disclosures, the Board determined that it could make them more operable and cost effective for preparers while still giving financial statement users sufficient information to analyze the most significant presentation differences between financial statements prepared in accordance with U.S. GAAP and those prepared under
IFRSs. Like ASU 2011-11, the amendments in this update will be effective for fiscal periods beginning on, or after January 1, 2013. The adoption of ASU 2013-01 is not expected to have a material impact on our financial position or results of operations.

ACQUISITIONS_OF_OIL_AND_GAS_PR

ACQUISITIONS OF OIL AND GAS PROPERTY	3 Months Ended
	Mar. 31, 2013
ACQUISITIONS OF OIL AND GAS PROPERTY	'
ACQUISITIONS OF OIL AND GAS PROPERTY	'
	Note 4 — ACQUISITION OF OIL AND GAS PROPERTIES
	On December 17, 2012, the Company entered into two agreements (the “Agreements”) with Quad Energy Corp., a Nevada Corporation (“Quad”) whereby we acquired a 100% Working Interest and Revenue Interests ranging from 61.96% to 70.5% in the 2,800 acre Cave Pool Property in Eddy County, New Mexico which includes shut-in oil wells that had produced from the Grayburg sands, with an estimated 51 identified drilling and recompletion locations, of which 14 are proved undeveloped
	and all of the production equipment on the Property including all of the pump jacks, storage tanks, and batteries.  The Company’s plan is to re-drill and bring production back online.
	The consideration paid for the interests was by way of the issuance of a total of 12,000,000 shares of the common stock of the Company at a price of $1.60 per share which was the closing trade price of the shares on the date of the agreements, for a total value of $19,200,000. Asset retirement obligation associated with the acquisition was $1,175,635.
	Due to the reserves acquired being considered shut-in and re-drilling required to produce, the acquired wells were considered undeveloped. Given the undeveloped nature of the property this was considered an asset acquisition.
	The Company received reserve evaluation reports on its oil property in the Cave Pool field in Eddy County, New Mexico, USA from a third party. As a result of this review, management determined to impair the asset in order to reflect the value of the third party appraisal report.
	The following table summarizes our capitalized costs for the purchase and development of our oil and gas properties for the periods ended March 31, 2013 and December 31, 2012:
		March 31,		December 31,
		2013		2012
	Proved undeveloped oil and gas properties	$	19,200,000	$	19,200,000
	Capitalized asset retirement obligations		1,175,635		1,175,635
	Total purchase and development costs, oil and gas properties		20,375,635		20,375,635
	Allowance for impairment		-7,815,693		-7,815,693
	Proved properties, net	$	12,559,942	$	12,559,942
	When performing the full cost ceiling test as of December 31, 2012, the full cost ceiling of the proved reserves based on PV10 was less than the carrying value of proved properties. As a result, impairment was recorded for December 31, 2012 in the amount of $7,815,693.  There was no further impairment resulting from March 31, 2013 full cost ceiling test.

ASSET_RETIREMENT_OBLIGATION

ASSET RETIREMENT OBLIGATION	3 Months Ended
	Mar. 31, 2013
ASSET RETIREMENT OBLIGATION	'
ASSET RETIREMENT OBLIGATION	'
	Note 5 – ASSET RETIREMENT OBLIGATION
	The Company has asset retirement obligations associated with the future plugging and abandonment of proved properties and related facilities. Under the provisions of FASB ASC 410-20-25, the fair value of a liability for an asset retirement obligation is recorded in the period in which it is incurred and a corresponding increase in the carrying amount of the related long lived asset. The liability is accreted to its present value each period, and the capitalized cost is depreciated over the useful life of the related asset. If the liability is settled for an amount other than the recorded amount, a gain or loss is recognized. The Company has no assets that are legally restricted for purposes of settling asset retirement obligations.
	The following table summarizes the Company’s asset retirement obligation transactions recorded in accordance with the provisions of FASB ASC 410-20-25 during the three months ended March 31, 2013 and  years ended December 31, 2012:
		March 31,		December 31,
		2013		2012
	Beginning asset retirement obligation	$	1,179,242	$	-
	Liabilities incurred for new wells placed in production		-		1,175,635
	Accretion of discount on asset retirement obligations		20,025		3,607
	Ending asset retirement obligation	$	1,199,267	$	1,179,242

ADVANCES_FROM_STOCKHOLDERS

ADVANCES FROM STOCKHOLDERS	3 Months Ended
	Mar. 31, 2013
ADVANCES FROM STOCKHOLDERS	'
ADVANCES FROM STOCKHOLDERS	'
	Note 6 – ADVANCES FROM STOCKHOLDERS
	On February 3, 2011, the Company issued 70,000 shares of common stock in settlement of $700,000 of advances from principal stockholders.
	During the fiscal year ended December 31, 2012, the Company issued 74,970,997 shares of common stock at $0.001 per share in settlement of $74,971 in advances from stockholders. The shares of common stock were valued at $0.19 per share, totaling $14,305,217, the fair market value of the shares on the date of settlement. The excess value was recorded as a loss totaling $14,230,246.
	A total of $143,046 reported on the Balance Sheet as at December 31, 2012 consisted of amounts owed to the principal stockholders of the Company for amounts advanced for business operations.  The amounts are unsecured, non-interest bearing and due on demand.  Imputed interest at 8% has been expensed and recorded as additional paid in capital of $2,822 during the three months period ended March 31, 2013.  There were no further advances in the current period ended March 31, 2013.

SHORT_TERM_NOTES

SHORT TERM NOTES	3 Months Ended
	Mar. 31, 2013
SHORT TERM NOTES	'
SHORT TERM NOTES	'
	Note 7 – SHORT TERM NOTES
	a.	Short term notes with 8% interest per annum:
	As of March 31, 2013, the Company owed $59,765 (December 31, 2012 – $59,765) in short term notes.  The amounts owing are unsecured, bear interest at 8% per annum, and are due on demand.  During the three months ended March 31, 2013, the Company recorded interest expense of $1,179 (2012 - $1,287). As of March 31, 2013, accrued interest of $7,089 (December 31, 2012 - $5,910) was accrued within accounts payable and accrued liabilities on the consolidated balance sheets.
	b.	Short term non-interest bearing notes
	On March 4, 2013, the Company issued 42,000,000 shares of common stock at $0.001 per share in settlement of $42,000 in short term notes. The shares of common stock were valued at $0.025 per share, totaling $1,050,000, the fair market value of the shares on the date of settlement. The excess value was recorded as a loss totaling $1,008,000.
	During the three months ended March 31, 2013, the Company received funds in the amount of $11,169 to settle certain operating expenses.
	As of March 31, 2013, the Company owed $62,156 (December 31, 2012 - $92,987) in non-interest bearing short term notes.  The amounts are unsecured, non-interest bearing and due on demand.
	Imputed interest at 8% has been expensed and recorded as additional paid in capital of $1,644 for the three months ended March 31, 2013.

COMMON_STOCK

COMMON STOCK	3 Months Ended
	Mar. 31, 2013
COMMON STOCK	'
COMMON STOCK	'
	Note 8 – COMMON STOCK
	On December 20, 2010, the Company issued 70,000 shares of common stock to acquire one hundred percent of the total issued and outstanding shares of common stock of AquaSil Inc. under the stock exchange agreement.
	On January 21, 2011, the Company amended its articles of incorporation to increase its authorized share capital from 100,000,000 to 500,000,000 shares of common stock.
	On February 3, 2011, the Company issued 70,000 shares of common stock at $0.01 per share in settlement of $700,000 of advances from stockholders.
	On May 22, 2012, the Board of Directors of the Company approved a reverse split of the current issued and outstanding shares of the Company on the basis of one (1) new share for each one-thousand (1,000) shares currently held.  All share and per share amounts used in the Company’s consolidated financial statements have been restated to reflect the 1000 for 1 reverse stock split.
	On February 27, 2012, the Company issued 14,000 shares of the Corporation’s restricted common stock to Oveldi Canada Ltd. pursuant to the agreement whereby the Company acquired the rights to the EviCAT© software.  The shares of common stock were valued at $6.60 per share, totaling $92,400, the fair market value of the shares on the date of agreement.
	On February 27, 2012, the Company issued a total of 25,000 shares to Robert Baker as consideration for management services from the date of his appointment as a director and officer to the date of issuance.  The shares were valued at the market value of the common stock on the date of issue of $10 per share for total consideration of $250,000.  The Company recorded the amount of $250,000 as stock-based compensation.
	On February 27, 2012, the Company issued a total of 3,000 shares to a shareholder of the Company in settlement of advances made by the shareholder totaling $3,000. The shares of common stock were valued at $7.20 per share, totaling $21,600, the fair market value of the shares on the date of settlement. The excess value was recorded as a loss totaling $18,600.
	On September 13, 2012, the Company issued 74,970,997 shares of common stock at $0.001 per share in settlement of $74,971 of advances from stockholders. The shares of common stock were valued at $0.19 per share, totaling $14,305,217, the fair market value of the shares on the date of settlement. The excess value was recorded as a loss totaling $14,230,246.
	On December 17, 2012, the Company issued 12,000,000 shares of the common stock of the Corporation at a price of $1.60 per share which was the closing trade price of the shares on the date of the agreements, for a total value of $19,200,000. These shares were issued for proved oil and gas properties and were capitalized with the acquisition.
	On March 4, 2013, the Company issued 42,000,000 shares of common stock at $0.001 per share in settlement of $42,000 in short term notes. The shares of common stock were valued at $0.025 per share, totaling $1,050,000, the fair market value of the shares on the date of settlement. The excess value was recorded as a loss totaling $1,008,000
	On March 4, 2013, the Company’s former sole officer and director, Robert Alan Baker returned a total of 44,971,000 shares to treasury for cancelation, for no consideration in return.
	As of March 31, 2013, the issued and outstanding shares of common stock are 84,193,765.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2013
RELATED PARTY TRANSACTIONS	'
RELATED PARTY TRANSACTIONS	'
	Note 9 – RELATED PARTY TRANSACTIONS
	A total of $143,046 recorded on the Company’s Balance Sheet as Advances from Stockholders at March 31, 2013 (December 31, 2012 - $143,046) consisted of amounts owed to the principal stockholders of the Company for amounts advanced for business operations.  The amounts are unsecured, non-interest bearing and due on demand. The Company imputed interest on this balance at 8%. Total imputed interest for the three months ended March 31, 2013 was $2,861.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2013
SUBSEQUENT EVENTS	'
SUBSEQUENT EVENTS	'
	Note 10 – SUBSEQUENT EVENTS
	On May 13, 2013, the Company incorporated MCI Operating of NM, LLC as a wholly-owned subsidiary.   The Company will undertake the operations of its oil and gas assets under this limited liability company.
	On June 10, 2013 the Company issued a total of 3,000,000 shares, valued at market value as of the issuance date of$1.30 per share, to Quad Energy Corp. (“Quad”)  in consideration for all of Quad’s interests in the Double X oil and gas leases located in New Mexico.

ACCOUNTING_POLICIES_Policies

ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2013
ACCOUNTING POLICIES	'
Reclassifications	'
	Reclassifications
	Certain prior period amounts have been reclassified to conform to the current period presentation. There was no material effect to the consolidated financial statements as a result of these reclassifications.
Cash and Cash Equivalents Policy	'
	Cash and Cash Equivalents
	Cash and cash equivalents consist of commercial accounts and interest-bearing bank deposits and are carried at cost, which approximates current value. Items are considered to be cash equivalents if the original maturity is three months or less.
Equipment and Facilities	'
	Equipment and Facilities
	Equipment and facilities are recorded at cost. Depreciation is recorded using the straight-line method over the estimated useful lives of the related assets, ranging from one to twenty-five years.
Intangible Assets Policy	'
	Intangible Assets
	Acquired intangible assets are recognized at cost and are classified as assets with finite useful lives. The Company amortizes the intangible assets with five years using the straight-line method over the estimated economic lives of the assets. Intangible assets are evaluated for impairment to determine if current circumstances and market conditions indicate the carrying amount may not be recoverable. The Company recognized an impairment loss of $69,067 on the intangible assets during the year ended December 31, 2012.
Asset Retirement Obligations Policy	'
	Asset Retirement Obligations
	The Company records the fair value of a liability for an asset retirement obligation in the period in which the well is spud or the asset is acquired and a corresponding increase in the carrying amount of the related long-lived asset. The liability is accreted to its present value each period, and the capitalized cost is depreciated over the useful life of the related asset. If the liability is settled for an amount other than the recorded amount, a gain or loss is recognized.
Full Cost Method	'
	Full Cost Method
	The Company follows the full cost method of accounting for oil and gas operations whereby all costs related to the exploration and development of oil and gas properties are initially capitalized into a single cost center by country ("full cost pool"). At March 31, 2013, the Company had one cost center  in the  United States.
	All capitalized costs of oil and gas properties, including the estimated future costs to develop proved reserves, are amortized on the unit-of-production method using estimates of proved reserves once proved reserves are determined to exist. At March 31, 2013, there was no amortization of these costs due to there being no production.
	Unproved property costs are excluded from the amortization base until determination of the existence of proved reserves on the respective property or until the requirement for impairment. Unproved properties are reviewed at the end of each quarter to determine whether portions of the costs should be reclassified to the full cost pool and thereby subject to amortization. Sales of oil and natural gas properties are accounted for as adjustments to the net full cost pool with no gain or loss recognized, unless the adjustment would significantly alter the relationship between capitalized costs and proved reserves.
	Capitalized costs are summarized as follows for the periods ended March 31, 2013 and December 31, 2012, respectively:
			31-Mar-13		31-Dec-12
	Shares issued to acquire the oil and gas properties		$	19,200,000	$	19,200,000
	Asset retirement cost		$	1,175,635	$	1,175,635
	Accumulated impairment		$	-7,815,693	$	-7,815,693
	Net		$	12,559,942	$	12,559,942
	Capitalized costs of oil and gas properties (net of related deferred income taxes) may not exceed an amount equal to the present value, discounted at 10% per annum, of the estimated future net cash flows from proved oil and gas reserves plus the cost of unproved properties (adjusted for related income tax effects). Should capitalized costs exceed this ceiling, impairment is recognized. The present value of estimated future net cash flows is computed by applying the arithmetic average first day price of oil and natural gas for the preceding twelve months to estimated future production of proved oil and gas reserves as of the end of the period, less estimated future expenditures to be incurred in developing and producing the proved reserves and assuming continuation of existing economic conditions. Such present value of proved reserves' future net cash flows excludes future cash outflows associated with settling asset retirement obligations. Should this comparison indicate an excess carrying value, the excess is charged to earnings as an impairment expense. We recognized $0 and $7,815,693 of impairment costs during the periods ended March 31, 2013 and December 31, 2012, respectively.
Impairment	'
	Impairment
	FASB ASC 360-10-35-21 requires that assets to be held and used be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Oil and gas properties accounted for using the full cost method of accounting (which the Company uses) are excluded from this requirement but continue to be subject to the full cost method's impairment rules.
Revenue recognition	'
	Revenue recognition
	The Company recognizes oil and natural gas revenues from our interests in producing wells when production is delivered to, and title has transferred to, the purchaser and to the extent the selling price is reasonably determinable, and collectability is reasonably assured. Gas-balancing arrangements are accounted for using the sales method.
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments
	The Company measures its financial assets and liabilities in accordance with the requirements of ASC 820, Fair Value Measurements and Disclosures. ASC 820 clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:
	Level 1- Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date.
	Level 2- Inputs are unadjusted quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data.
	Level 3- Inputs are unobservable inputs which reflect the reporting entity’s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information,
	The carrying value of all assets and liabilities approximated their fair values as of March 31, 2013 and March 31, 2012, respectively.
	The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheets as of March 31, 2013 and December 31, 2012:
		Fair Value Measurements at March 31, 2013
			Level 1		Level 2		Level 3
	Assets:
	None		$	-	$	-	$	-
	Liabilities
	Short term notes payable			-		121,921		-
	Advances from stockholders			-		143,046		-
	Total Liabilities		$	-	$	264,967	$	-
		Fair Value Measurements at December 31, 2012
			Level 1		Level 2		Level 3
	Assets:
	None		$	-	$	-	$	-
	Liabilities
	Short term notes payable			-		152,753		-
	Advances from stockholders			-		143,046		-
	Total Liabilities		$	-	$	295,799	$	-
Stock-Based Compensation Policy	'
	Stock-Based Compensation
	The Company follows the guidance included in ASC 718 Compensation-Stock Compensation (“ASC 718”) using the modified prospective transition method. The Company recognizes compensation expense in the financial statements for share-based awards based on the grant date fair value of those awards.
Income Taxes Policy	'
	Income Taxes
	The Company accounts for income taxes pursuant to ASC 740, Income Taxes . Deferred tax assets and liabilities are recorded for differences between the financial statements and tax basis of the assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense is recorded for the amount of income tax payable or refundable for the period increased or decreased by the change in deferred tax assets and liabilities during the period.
Use of Estimates	'
	Use of Estimates
	The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. These estimates are reviewed periodically, and, as adjustments become necessary, they are reported in earnings in the period in which they become known. The estimates on depreciation were based on the estimated useful lives of the Company's assets. Any estimates during the period have had an immaterial effect on earnings.
Earnings or Loss Per Share Policy	'
	Earnings or Loss Per Share
	The Company accounts for earnings per share pursuant ASC 260, Earnings per Share, which require disclosure on the financial statements of “basic” and “diluted” earnings (loss) per share. Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding for the year. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding. During the periods ended March 31, 2013 and December 31, 2012 the Company had no common stock equivalents outstanding. Due to this, as well as the net losses reported for these years, the basic loss per share was the same as the diluted loss per share.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	In February 2013, FASB issued ASU No. 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, to improve the transparency of reporting these reclassifications. Other comprehensive income includes gains and losses that are initially excluded from net income for an accounting period. Those gains and losses are later reclassified out of accumulated other comprehensive income into net income. The amendments in the ASU do not change the current requirements for reporting net income or other comprehensive income in financial statements. All of the information that this ASU requires already is required to be disclosed elsewhere in the financial statements under U.S. GAAP. The new amendments will require an organization to:
	-	Present (either on the face of the statement where net income is presented or in the notes) the effects on the line items of net income of significant amounts reclassified out of accumulated other comprehensive income - but only if the item reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period; and
	-	Cross-reference to other disclosures currently required under U.S. GAAP for other reclassification items (that are not required under U.S. GAAP) to be reclassified directly to net income in their entirety in the same reporting period. This would be the case when a portion of the amount reclassified out of accumulated other comprehensive income is initially transferred to a balance sheet account (e.g., inventory for pension-related amounts) instead of directly to income or expense.
	The amendments apply to all public and private companies that report items of other comprehensive income. Public companies are required to comply with these amendments for all reporting periods (interim and annual). The amendments are effective for reporting periods beginning after December 15, 2012, for public companies. Early adoption is permitted. The adoption of ASU No. 2013-02 is not expected to have a material impact on our financial position or results of operations.
	In January 2013, the FASB issued ASU No. 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities , which clarifies which instruments and transactions are subject to the offsetting disclosure requirements originally established by ASU 2011-11.
	The new ASU addresses preparer concerns that the scope of the disclosure requirements under ASU 2011-11 was overly broad and imposed unintended costs that were not commensurate with estimated benefits to financial statement users. In choosing to narrow the scope of the offsetting disclosures, the Board determined that it could make them more operable and cost effective for preparers while still giving financial statement users sufficient information to analyze the most significant presentation differences between financial statements prepared in accordance with U.S. GAAP and those prepared under
	IFRSs. Like ASU 2011-11, the amendments in this update will be effective for fiscal periods beginning on, or after January 1, 2013. The adoption of ASU 2013-01 is not expected to have a material impact on our financial position or results of operations.

Capitalized_costs_are_summariz

Capitalized costs are summarized as follows (Tables)	3 Months Ended
	Mar. 31, 2013
Capitalized costs are summarized as follows	'
Capitalized costs are summarized as follows	'
	Capitalized costs are summarized as follows for the periods ended March 31, 2013 and December 31, 2012, respectively:
		31-Mar-13		31-Dec-12
	Shares issued to acquire the oil and gas properties	$	19,200,000	$	19,200,000
	Asset retirement cost	$	1,175,635	$	1,175,635
	Accumulated impairment	$	-7,815,693	$	-7,815,693
	Net	$	12,559,942	$	12,559,942

Following_schedule_summarizes_

Following schedule summarizes the valuation of financial instruments at fair value (Tables)	3 Months Ended
	Mar. 31, 2013
Following schedule summarizes the valuation of financial instruments at fair value:	'
Summarizes the valuation of financial instruments at fair value on a recurring basis	'
	The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheets as of March 31, 2013 and December 31, 2012:
		Fair Value Measurements at March 31, 2013
			Level 1		Level 2		Level 3
	Assets:
	None		$	-	$	-	$	-
	Liabilities
	Short term notes payable			-		121,921		-
	Advances from stockholders			-		143,046		-
	Total Liabilities		$	-	$	264,967	$	-
		Fair Value Measurements at December 31, 2012
			Level 1		Level 2		Level 3
	Assets:
	None		$	-	$	-	$	-
	Liabilities
	Short term notes payable			-		152,753		-
	Advances from stockholders			-		143,046		-
	Total Liabilities		$	-	$	295,799	$	-

Summarizes_Captalized_Cost_for

Summarizes Captalized Cost for Purchase And Development Of Oil And Gas Properties (Tables)	3 Months Ended
	Mar. 31, 2013
Summarizes Captalized Cost for Purchase And Development Of Oil And Gas Properties Text Block:	'
Summarizes Captalized Cost for Purchase And Development Of Oil And Gas Properties	'
	The following table summarizes our capitalized costs for the purchase and development of our oil and gas properties for the periods ended March 31, 2013 and December 31, 2012:
		March 31,		December 31,
		2013		2012
	Proved undeveloped oil and gas properties	$	19,200,000	$	19,200,000
	Capitalized asset retirement obligations		1,175,635		1,175,635
	Total purchase and development costs, oil and gas properties		20,375,635		20,375,635
	Allowance for impairment		-7,815,693		-7,815,693
	Proved properties, net	$	12,559,942	$	12,559,942

Summarizes_the_Companys_asset_

Summarizes the Company's asset retirement obligation transactions (Tables)	3 Months Ended
	Mar. 31, 2013
Summarizes the Company's asset retirement obligation transactions	'
Summarizes the Company's asset retirement obligation transactions	'
	The following table summarizes the Company’s asset retirement obligation transactions recorded in accordance with the provisions of FASB ASC 410-20-25 during the three months ended March 31, 2013 and  years ended December 31, 2012:
		March 31,		December 31,
		2013		2012
	Beginning asset retirement obligation	$	1,179,242	$	-
	Liabilities incurred for new wells placed in production		-		1,175,635
	Accretion of discount on asset retirement obligations		20,025		3,607
	Ending asset retirement obligation	$	1,199,267	$	1,179,242

Recovered_Sheet1

Organization, Nature of Operations and Basis of Presentation (Details)	Dec. 17, 2012	22-May-12
Organization, Nature of Operations and Basis of Presentation Details	'	'
Percentage of shares of AquaSil acquired	'	100.00%
Shares issued for acquisition AquaSil	'	70,000
Number of shares required to implement a reverse stock split of the Company's outstanding shares of Common Stock for one share	'	1,000
Minimum range of Working Interest and Revenue Interests acquired in Cave Pool Property in Eddy County	61.96%	'
Maximum range of Working Interest and Revenue Interests acquired in Cave Pool Property in Eddy County	70.50%	'
Number of acres in which Working Interest and Revenue Interests acquired in Cave Pool Property in Eddy County	2,800	'
Number of estimated identified drilling and recompletion locations	51	'
Number of identified drilling and recompletion locations which were proved as undeveloped	14	'

Significant_policies_Details

Significant policies (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2013	Dec. 31, 2012
Significant policies	'	'
Recognized impairment losses of intangible assets	'	$69,067
Capitalized costs are summarized	'	'
Shares issued to acquire the oil and gas properties	19,200,000	19,200,000
Asset retirement cost	1,175,635	1,175,635
Accumulated impairment	-7,815,693	-7,815,693
Net capitalized costs	12,559,942	12,559,942
Capitalized costs of oil and gas properties excess carrying value is charged to earnings as an impairment expense	$0	$7,815,693
Percentage discounted to equal to the present value of Capitalized costs of oil and gas properties	'	10.00%

Schedule_summarizes_the_valuat

Schedule summarizes the valuation of financial instruments at fair value (Details) (USD $)	Mar. 31, 2013	Dec. 31, 2012
Fair Value Measurements Level 1	'	'
None	'	$0
None	0	'
Fair Value Measurements Level 2	'	'
None	'	0
Short term notes payable	'	152,753
Advances from stockholders	'	143,046
Total Liabilities	'	295,799
None	0	'
Short term notes payable	121,921	'
Advances from stockholders	143,046	'
Total Liabilities	264,967	'
Fair Value Measurements Level 3	'	'
None	'	0
None	$0	'

Acquisition_of_oil_and_gas_pro

Acquisition of oil and gas properties interests (Details) (USD $)	Dec. 17, 2012
Acquisition of oil and gas properties interests	'
Minimum range of Working Interest and Revenue Interests acquired in Cave Pool Property in Eddy County.	61.96%
Maximum range of Working Interest and Revenue Interests acquired in Cave Pool Property in Eddy County.	70.50%
Number of acres in which Working Interest and Revenue Interests acquired in Cave Pool Property in Eddy County.	2,800
Number of estimated identified drilling and recompletion locations.	51
Number of identified drilling and recompletion locations which were proved as undeveloped.	14
The consideration paid for the interests was by way of the issuance of a total of shares of the common stock of the Company	12,000,000
Price per share which was the closing trade price of the shares on the date of the agreements	$1.60
Total value of the price paid for acquisition	$19,200,000
Asset retirement obligation associated with the acquisition	$1,175,635

Summary_of_capitalized_costs_f

Summary of capitalized costs for the purchase and development of our oil and gas properties (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2013	Dec. 31, 2012
Summary of capitalized costs for the purchase and development of our oil and gas properties	'	'
Proved undeveloped oil and gas properties	$19,200,000	$19,200,000
Capitalized asset retirement obligations	1,175,635	1,175,635
Total purchase and development costs, oil and gas properties	20,037,635	20,375,635
Allowance for impairment	-7,815,693	-7,815,693
Proved properties, net.	$12,559,942	$12,559,942

Summarizes_asset_retirement_ob

Summarizes asset retirement obligation transactions (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2013	Dec. 31, 2012
Summarizes asset retirement obligation transactions	'	'
Beginning asset retirement obligation	$1,179,242	'
Liabilities incurred for new wells placed in production	'	1,175,635
Accretion of discount on asset retirement obligations	20,025	3,607
Ending asset retirement obligation	$1,199,267	$1,179,242

Advances_from_principal_stockh

Advances from principal stockholders (Details) (USD $)	Dec. 31, 2012	Feb. 03, 2011
Advances from principal stockholders	'	'
Company issued shares of common stock in settlement of advances from principal stockholders	'	70,000
Amount of advances from principal stockholders settled with the issue	'	$700,000
Number of shares of common stock issued in settlement of advances from stockholders	74,970,997	'
Per share value of the shares issued to stockholders	$0.00	'
Shares of common stock were valued at a price per share	$0.19	'
Amount of advances from stockholders settled with the issue of shares	74,971	'
Fair market value of the shares on the date of settlement	14,305,217	'
The excess value was recorded as a loss totaling	14,230,246	'
Amounts owed to the principal stockholders of the Company for amounts advanced for business operations	143,046	'
Rate of interest on advances from principal stockholders	8.00%	'
Imputed interest expensed and recorded as additional paid in capital	$2,822	'

Short_term_notes_consists_of_t

Short term notes consists of the following (Details) (USD $)	Mar. 31, 2013	Dec. 31, 2012
Short term notes consists of the following	'	'
Company owed in short term notes and are due on demand	$59,765	$59,765
Short term notes bear interest at a rate per annum	8.00%	8.00%
Interest expense recorded	1,179	1,287
Accrued interest accrued within accounts payable and accrued liabilities	7,089	5,910
Issued shares of common stock on March 4, 2013	42,000,000	'
Issued shares of common stock on per share	$0.00	'
Issued shares of common stock on in settlement of short term notes	42,000	'
Shares of common stock valued per share	$0.03	'
Shares of common stock valued totaling	1,050,000	'
Excess value was recorded as a loss totaling	1,008,000	'
Received funds in the amount to settle certain operating expenses	11,169	'
Owed non-interest bearing short term notes	62,156	9,298
Imputed interest rate per annum	8.00%	'
Imputed interest recorded as additional paid in capital	$1,644	'

Common_stock_transactions_in_2

Common stock transactions in 2011 (Details) (USD $)	Feb. 03, 2011	Jan. 21, 2011	Dec. 20, 2010
Common stock transactions in 2011	'	'	'
Shares of common stock the Company issued stock to acquire one hundred percent of the total issued and outstanding shares of common stock of AquaSil Inc. under the stock exchange agreement.	'	'	70,000
Company's authorized share capital before amendement of its articles of incorporation	'	100,000,000	'
Company amended its articles of incorporation to increase its authorized share capital	'	500,000,000	'
Company issued shares of common stock at $0.01 per share in settlement of advances from stockholders	70,000	'	'
Amount of advances from stockholders settled	$700,000	'	'

Common_stock_transactions_in_21

Common stock transactions in 2012 (Details) (USD $)	Mar. 31, 2013	Dec. 17, 2012	Sep. 13, 2012	22-May-12	Feb. 27, 2012
Common stock transactions in 2012	'	'	'	'	'
Board of Directors of the Company approved a reverse split of the current issued and outstanding shares of the Company on the basis of one (1) new share required shares from current holdings	'	'	'	1,000	'
Company issued shares of the Corporation's restricted common stock to Oveldi Canada Ltd.	'	'	'	'	14,000
The shares of common stock were valued at a price per share	'	'	'	'	$6.60
Fair market value of the shares on the date of agreement.	'	'	'	'	$92,400
Company issued a total of shares to Robert Baker as consideration for management services from the date of his appointment as a director and officer to the date of issuance.	'	'	'	'	25,000
The shares were valued at the market value of the common stock on the date of issue per share	'	'	'	'	$10
Total consideration of issue to Robert Baker as consideration for management services	'	'	'	'	250,000
The Company recorded the amount of issue as stock-based compensation.	'	'	'	'	250,000
Company issued a total of shares to a shareholder of the Company in settlement of advances made by the shareholder totaling	'	'	74,970,997	'	3,000
Amount settled from advances made by the shareholder	'	'	74,971	'	3,000
The shares of common stock were valued at a price per share on issues against advances	'	'	$0.19	'	$7.20
Total value of the shares of common stock on the date of settlement of advances	'	'	14,305,217	'	21,600
The excess value was recorded as a loss	'	'	14,230,246	'	18,600
Company issued shares of the common stock of the Corporation for proved oil and gas properties and were capitalized with the acquisition.	'	12,000,000	'	'	'
Per share Price which was the closing trade price of the shares on the date of the agreements	'	$1.60	'	'	'
Total value of shares of the common stock of the Corporation issued for proved oil and gas properties	'	$19,200,000	'	'	'
Total issued and outstanding shares of common stock as on date	87,164,765	'	'	'	'

Transactions_with_related_part

Transactions with related parties (Details) (USD $)	Mar. 31, 2013	Dec. 31, 2012
Transactions with related parties	'	'
Advances from Stockholders total	$143,046	$218,017
imputed interest	8.00%	8.00%
Total imputed interest	$2,861	'

SUBSEQUENT_EVENTS_TRANSACTIONS

SUBSEQUENT EVENTS TRANSACTIONS (Details) (USD $)	Jun. 10, 2013
SUBSEQUENT EVENTS TRANSACTIONS	'
Issued a total shares	3,000,000
Valued at market value as of the issuance per share	$1.30