Hydrocarb Energy (HECCQ) 10-Q 20 Dec 13 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Oct. 31, 2013	Dec. 20, 2013
Document and Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-Oct-13	'
Entity Registrant Name	'DUMA ENERGY CORP	'
Entity Central Index Key	'0001425808	'
Current Fiscal Year End Date	'--07-31	'
Document Fiscal Period Focus	'Q1	'
Document Fiscal Year Focus	'2014	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	62,740,882

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Oct. 31, 2013	Jul. 31, 2013
Current assets	'	'
Cash and cash equivalents	$852,990	$317,881
Oil and gas revenues receivable	577,904	725,691
Accounts receivable - related party	84,358	176,773
Other current assets	218,841	333,136
Other receivables, net	17,903	23,730
Total current assets	1,751,996	1,577,211
Oil and Gas Property, accounted for using the full cost method of accounting	'	'
Evaluated property, net of accumulated depletion of $2,913,576 and $2,617,478, respectively; and accumulated impairment of $373,335 and $373,335, respectively	16,580,335	16,867,029
Unevaluated property	1,105,400	713,655
Restricted cash	6,920,739	6,920,739
Other assets	172,539	180,726
Property and equipment, net of accumulated depreciation of $67,642 and $62,749, respectively	25,390	19,792
Total assets	26,556,399	26,279,152
Current liabilities	'	'
Accounts payable and accrued expenses	2,630,783	3,779,401
Current portion of notes payable	156,294	1,059,644
Asset retirement obligations - short term	671,814	724,374
Advances	186,724	180,804
Due to related parties	15,504	15,046
Total current liabilities	3,661,119	5,759,269
Notes payable	103,877	942,992
Asset retirement obligations - long term	10,441,661	10,209,024
Total liabilities	14,206,657	16,911,285
Commitments and contingencies	'	'
Stockholders' equity:	'	'
Common stock, $.001 par; 500,000,000 authorized shares; 15,140,882 and 13,281,003 shares issued and outstanding	15,141	13,281
Additional paid in capital	80,335,192	75,756,801
Accumulated deficit	-68,000,591	-66,402,215
Total stockholders' equity	12,349,742	9,367,867
Total liabilities and stockholders' equity	$26,556,399	$26,279,152

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Oct. 31, 2013	Jul. 31, 2013
CONSOLIDATED BALANCE SHEETS [Abstract]	'	'
Accumulated depletion on evaluated oil and gas property accounted for using the full cost method of accounting	$2,913,576	$2,617,478
Accumulated impairment on evaluated oil and gas property accounted for using the full cost method of accounting	373,355	373,355
Accumulated depreciation recorded for property and equipment	$67,642	$62,749
Common stock, par value per share	$0.00	$0.00
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	15,140,882	13,281,003
Common stock, shares outstanding	15,140,882	13,281,003

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)	3 Months Ended
	Oct. 31, 2013	Oct. 31, 2012
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS [Abstract]	'	'
Revenues	$1,840,211	$2,028,505
Operating expenses	'	'
Lease operating expense	1,117,332	1,107,678
Depreciation, depletion, and amortization	300,991	273,294
Accretion	243,976	232,188
Consulting fees - related party	6,754	80,493
Acquisition-related costs - related party	'	37,234,752
General and administrative expense	1,561,172	833,097
Total operating expenses	3,230,225	39,761,502
Loss from operations	-1,390,014	-37,732,997
Interest expense, net	-203,763	-41,382
Realized loss on sale of available for sale securities	'	-461,964
Impairment of available for sale securities	'	-275,327
Gain on derivative warrant liability	'	641,594
Net loss before income taxes	-1,593,777	-37,870,076
Income tax provision	-4,599	'
Net loss	($1,598,376)	($37,870,076)
Basic and diluted loss per common share	($0.12)	($3.23)
Weighted average shares outstanding (basic and diluted)	13,281,003	11,706,942

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Oct. 31, 2013	Oct. 31, 2012
Cash Flows From Operating Activities	'	'
Net loss	($1,598,376)	($37,870,076)
Adjustments to reconcile net loss to net cash provided by operating activities:	'	'
Depreciation, depletion, and amortization	300,991	273,294
Accretion	243,976	232,188
Loss on sale of available for sale securities	'	461,964
Impairment of available for sale securities	'	275,327
Change in allowance for doubtful accounts	'	609
Warrants granted to related party	6,754	80,493
Share based compensation - amortization of the fair value of stock options	983,930	216,073
Acquisition-related costs - related party	'	37,234,752
Gain on warrant derivative liability	'	-641,594
Changes in operating assets and liabilities:	'	'
Accounts receivable	153,614	31,243
Advances	5,920	214,524
Accounts payable and accrued expenses	446,804	580,603
Settlement of asset retirement obligations	-59,518	-99
Accounts receivable - related party	92,873	-12,960
Other assets	122,482	95,975
Net cash provided by operating activities	699,450	1,172,316
Cash Flows From Investing Activities	'	'
Purchases of oil and gas properties	-11,385	-399,965
Purchases of property and equipment	-10,491	'
Proceeds from sale of oil and gas properties	'	55,847
Change in restricted cash	'	-37,215
Proceeds from sale of available for sale securities	'	145,237
Net cash used in investment activities	-21,876	-236,096
Cash Flows From Financing Activities	'	'
Payments on notes payable	-142,465	-97,658
Net cash used in financing activities	-142,465	-97,658
Net increase in cash	535,109	838,562
Cash at beginning of period	317,881	1,102,987
Cash at end of period	852,990	1,941,549
Supplemental Disclosures:	'	'
Interest paid in cash	6,520	14,831
Income taxes paid in cash	10,000	'
Non-cash investing and financing	'	'
Accounts payable for oil and gas properties	11,373	634,092
Stock for accounts payable and accrued expenses	1,606,795	'
Stock for notes payable	1,600,000	'
Stock for oil and gas assets	382,772	'
Change in unrealized loss on available for sale securities	'	-467,755
Acquisition of Namibia Exploration, Inc.	'	562,048
Expiration of derivative warrant liability	'	175,540
Asset retirement obligation sold	$4,381	'

Description_of_Business_and_Su

Description of Business and Summary of Significant Accounting Policies	3 Months Ended
	Oct. 31, 2013
Description of Business and Summary of Significant Accounting Policies [Abstract]	'
Description of Business and Summary of Significant Accounting Policies	'
	Note 1 - Description of Business and Summary of Significant Accounting Policies
	Description of business and basis of presentation
	The unaudited consolidated financial statements of Duma Energy Corp. ("Duma", the "Company", "we", "us", "our") have been prepared in accordance with accounting principles generally accepted in the United States and the rules of the Securities and Exchange Commission ("SEC"), and should be read in conjunction with the audited financial statements and notes thereto contained in our Annual Report filed with the SEC on Form 10-K for the year ended July 31, 2013. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein.  The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal year ended July 31, 2013, as reported in the Form 10-K, have been omitted.
	Reclassifications
	Certain prior year amounts have been reclassified to conform with the current presentation.
	Principles of consolidation
	The accompanying consolidated financial statements include the accounts of Duma and our wholly owned subsidiaries, Penasco Petroleum Corporation ("Penasco"), SPE Navigation I, LLC ("SPE"), Galveston Bay Energy, LLC ("GBE"), and Namibia Exploration, Inc. ("NEI"). All significant intercompany accounts and transactions have been eliminated in consolidation.
	Recent accounting pronouncements
	Recently issued or adopted accounting pronouncements are not expected to have, or did not have, a material impact on our financial position or results from operations.

Oil_and_Gas_Properties

Oil and Gas Properties	3 Months Ended
	Oct. 31, 2013
Oil and Gas Properties [Abstract]	'
Oil and Gas Properties	'
	Note 2 - Oil and Gas Properties
	Oil and natural gas properties as of October 31, 2013 and July 31, 2013 consisted of the following:
			October 31,			July 31,
			2013			2013
	Evaluated Properties
	Costs subject to depletion		$	19,493,911		$	19,484,507
	Accumulated depletion			(2,913,576	)		(2,617,478	)
	Total evaluated properties			16,580,335			16,867,029
	Unevaluated properties			1,105,400			713,655
	Net oil and gas properties		$	17,685,735		$	17,580,684
	Evaluated properties
	Additions to evaluated oil and gas properties during the quarter ended October 31, 2013 consisted mainly of exploration costs, specifically, geological and geophysical costs of $17,491.
	Effective September 1, 2013, we conveyed our interest in the Dix, Melody, Curlee, Palacios and Illinois properties to Carter E&P, LLC in conjunction with our termination of Steven Carter as Vice President of Operations for $0 cash proceeds and the assumption of the abandonment liabilities of $4,381. In accordance with full cost rules, we recognized no gain or loss on the sale.
	Unevaluated Properties
	Namibia, Africa.
	In September 2012, we acquired a 39% (43.33% cost responsibility) working interest in a concession in Namibia, Africa.  This property is a 5.3 million-acre concession in northern Namibia in Africa.
	Additions to unevaluated properties during the quarter ended October 31, 2013 primarily of:
		·	Approximately $320,000 of exploration costs associated with the acquisition of aerial gravity magnetic data over the concession, and
		·	Approximately $66,000 of leasehold costs, specifically payment of the annual concession fee to the Government of Namibia.
	The concession specifies the following minimum cost responsibilities on an 8/8ths (100% working interest) basis:
		1)	Initial Exploration Period (expires September 2015): Perform a hydrocarbon potential study, gather and review existing technical data including reprocessing of seismic lines,  and acquire and process 750 kilometers of new 2D seismic data.  The minimum expenditure is $4,505,000.
		2)	First renewal exploration period (two years from end of the initial exploration period): Acquire 200 square kilometers of 3D seismic data, interpret and map the data, design a drilling program, drill one well, conduct an environmental study, and relinquish 25% of the Exploration license area.  The minimum expenditure is $17,350,000.
		3)	Second Renewal (Production License) Exploration Period (25 years): report on reserves and production, conduct an environmental study. The minimum expenditure is $300,000.
	As of October 31, 2013, approximately $1,900,000 has been expended towards the initial exploration period.
	Subsequent to the balance sheet date, on December 9, 2013, Duma acquired Hydrocarb Corporation ("Hydrocarb"), the parent company of the operator of the concession.  With the acquisition of Hydrocarb, Duma owns a 90% working interest (100% cost responsibility) for the concession.

Impairment

Impairment	3 Months Ended
	Oct. 31, 2013
Impairment [Abstract]	'
Impairment	'
	Note 3 - Impairment
	We account for our oil and natural gas producing activities using the full cost method of accounting as prescribed by the United States Securities and Exchange Commission ("SEC"). Under this method, subject to a limitation based on estimated value, all costs incurred in the acquisition, exploration, and development of proved oil and natural gas properties, including internal costs directly associated with acquisition, exploration, and development activities, the costs of abandoned properties, dry holes, geophysical costs, and annual lease rentals are capitalized within a cost center.
	We evaluated our capitalized costs using the full cost ceiling test as prescribed by the Securities and Exchange Commission at the end of each reporting period.  As of October 31, 2013 and July 31, 2013, the net book value of oil and gas properties did not exceed the ceiling amount and thus, there was no impairment.
	Changes in production rates, levels of reserves, future development costs, and other factors will determine our actual ceiling test calculation and impairment analyses in future periods.

Asset_Retirement_Obligation

Asset Retirement Obligation	3 Months Ended
	Oct. 31, 2013
Asset Retirement Obligation [Abstract]	'
Asset Retirement Obligation	'
	Note 4 - Asset Retirement Obligations
	The following is a reconciliation of our asset retirement obligation liability as of October 31, 2013 and July 31, 2013:
		October 31,			July 31,
		2013			2013
	Liability for asset retirement obligation, beginning of period	$	10,933,398		$	9,382,933
	Asset retirement obligations sold		(4,381	)		(438	)
	Asset retirement obligations incurred on properties drilled		-			26,500
	Accretion		243,976			1,056,508
	Revisions in estimated cash flows		-			786,120
	Costs incurred		(59,518	)		(318,225	)
	Liability for asset retirement obligation, end of period	$	11,113,475		$	10,933,398
	Current portion of asset retirement obligation	$	671,814		$	724,374
	Noncurrent portion of asset retirement obligation		10,441,661			10,209,024
	Total liability for asset retirement obligation	$	11,113,475		$	10,933,398

Notes_Payable

Notes Payable	3 Months Ended
	Oct. 31, 2013
Notes Payable [Abstract]	'
Notes Payable	'
	Note 5 - Notes Payable
	Hydrocarb Note Payable
	During September 2012, in conjunction with the acquisition of NEI, Duma entered into a Consulting Services Agreement with Hydrocarb (the "Consulting Agreement") which obligated Duma to pay a consulting fee (the "Fee") to Hydrocarb of $2,400,000 as follows:
	(a) $800,000 on September 6, 2012, which was 15 days from the date that the Minister of Mines and Energy consented to the assignment of 39% working interest in the Namibian concession to Duma, and
	(b) $1,600,000 note payable, with principal payments of $800,000 each due on August 7, 2013 and August 7, 2014.
	Interest accrued on the principal amount at the rate of 5% per annum, calculated semi-annually and payable in arrears. At Duma's sole discretion, it could pay the first tranche of the Fee and principal associated with the note payable using Duma common stock. Duma was required to pay a late fee of 10% per quarter for any outstanding balance of the Fee under the Consulting Agreement which will commence 30 calendar days from the date that the Fee or portion of the Fee is due, which by the terms of the Consulting Agreement may only be paid in cash.  The Consulting Agreement is more fully described in Note 2 - Acquisitions - Namibia Exploration, Inc. of our audited financial statements for the year ended July 31, 2013, contained in our Annual Report filed with the SEC on Form 10-K.
	In October 2013, Duma settled the then-outstanding $2,400,000 Fee and $553,630 of interest and late fees associated with the Fee by issuance of common stock of Duma. (See Note 6 - Capital Stock). Further, $25,000 of the related interest and fees was settled in cash.
	Installment Notes Payable
	In May 2012, we entered into a note payable of $18,375 to purchase a vehicle. The note is collateralized by the vehicle.  The note carries an interest rate of 6.93% and is payable beginning in June 2012, in 36 installments of $567 per month.  The principal balance owed on the note payable was $10,171 and $11,678 as of October 31, 2013 and July 31, 2013, respectively.
	In March 2013, we financed our commercial insurance program using a note payable for $260,905. Under the note, we are obligated to make nine payments of $29,591 per month, which include principal and interest, beginning in March 2013. As of October 31, 2013, the note payable balance was $0.
	In June 2013, the outstanding balance on our line of credit, $300,000, was replaced by a term loan that matures on June 22, 2015. Under the term loan, we are obligated to make twenty four monthly payments of $12,500 principal reduction plus interest for the month. The note carries interest at prime + 1%, currently 6%. As of October 31, 2013, $250,000 remained outstanding on this note.  As of December 20, 2013, the date of this report, $225,000 remained outstanding on the note.  The note is collateralized by substantially all assets of our subsidiary, GBE.
	As of October 31, 2013, future maturities on our notes payable were as follows:
	Fiscal year ending:
	2014	$	156,294
	2015		103,877
	Total	$	260,171

Capital_Stock

Capital Stock	3 Months Ended
	Oct. 31, 2013
Capital Stock [Abstract]	'
Capital Stock	'
	Note 6 -  Capital Stock
	Common Stock Issuances
	For settlement of outstanding debt:
	During October 2013, we issued 1,859,879 shares of common stock to Hydrocarb to settle the $2,400,000 Fee as described in Note 5 - Notes Payable, $553,630 of interest and late fees associated with the Fee, and $635,937 of joint interest billings payable to Hydrocarb for its work on the Namibian concession.   The shares were valued at $3,589,567, based on the value of the obligations settled.
	Stock Options and Warrants
	As of October 31, 2013, Duma could grant up to 2,650,000 shares of common stock under the 2013 Stock Incentive Plan ("2013 Plan"). The Plan is administered by the Compensation Committee of the Board of Directors, or in the absence of a Compensation Committee, the full Board of Directors, which has substantial discretion to determine persons, amounts, time, price, exercise terms, and restrictions of the grants, if any.
	Options granted to non-employees
	We account for options granted to non-employees under the provisions of ASC 505-50 and record the associated expense at fair value on the final measurement date.  Because there is no disincentive for nonperformance for these awards, the final measurement date occurs when the services are complete, which is the vesting date. For the options granted to non-employees on a graded vesting schedule, we estimate the fair value of the award as of the end of each reporting period and recognize an appropriate portion of the cost based on the fair value on that date.  When the award vests, we adjust the cost previously recognized so that the cost ultimately recognized is equivalent to the fair value on the date the performance is complete.
	In August 2013, 120,000 of the 600,000 options granted to our independent directors became vested and the remainder of the previously unamortized fair value of these options, $16,184, was recognized on the vesting date. The fair value was estimated using the Black-Sholes option pricing model with an expected life of 6.5 years, a risk free interest rate of 2.01%, a dividend yield of 0%, and a volatility factor of 144.01%.
	In October 2013, the board accelerated the vesting of the remaining 480,000 options so that they became fully and immediately vested. The fair value of the options on the date of vesting of $851,096 was recognized immediately as an expense. The fair value was estimated using the Black-Sholes option pricing model with an expected life of 6.5 years, a risk free interest rate of 2.09%, a dividend yield of 0%, and a volatility factor of 117.31%.
	In addition, during October 2013, the final tranche of certain options that had originally been granted to non-employees in April 2011 vested.
	The following table provides information about options granted to non-employees under our stock incentive plans during the quarters ended October 31, 2012 and 2013:
			2013				2012
	Number of options granted			-				-
	Compensation expense recognized		$	927,902			$	151,844
	Weighted average exercise price of options  granted		$	N/A			$	N/A
	The following table details the significant assumptions used to compute the fair values of stock options revalued during the quarters ended October 31:
			2013		2012
	Risk-free interest rate		2.01% - 2.09%		1.14% - 1.21%
	Dividend yield		0%		0%
	Volatility factor		117.05-144.01%		140%-141%
	Expected life (years)		6.5 years		6.5 years
	Options granted to employees
	The following table provides information about options granted to employees under our stock incentive plans during the quarters ended October 31, 2012 and 2013:
			2013				2012
	Number of options granted			-				-
	Compensation expense recognized		$	56,028			$	64,229
	Weighted average exercise price of options  granted		$	N/A			$	N/A
	Summary information regarding stock options issued and outstanding as of October 31, 2013 is as follows:
			Options				Weighted		Aggregate		Weighted
							Average		intrinsic		average
							Share Price		value		remaining
											contractual
											life (years)
	Outstanding at year ended July 31,2013			1,536,000			$	2.38	$	-		7.98
	Granted			-				-
	Exercised			-				-
	Expired			(56,000	)			2.5
	Outstanding at quarter ended October 31, 2013			1,480,000			$	2.38	$	-		8.03
	No non-vested stock options existed as of October 31, 2013.
	Warrants
	Warrants granted to related party
	During the year ended July 31, 2011, we entered into a consulting agreement with Geoserve Marketing, LLC ("Geoserve"), a company controlled by Michael Watts, who is a related party as described in Note 7 - Related Party Transactions. Under the terms of the agreement, we granted warrants to purchase 1,200,000 shares of common stock that have a market condition.  If our common stock attains a five day average closing price of $7.50 per share, 600,000 warrants with an exercise price of $2.50 and an expiration date of February 15, 2016 shall be exercisable ("Warrant B"). If our common stock attains a five day average closing price of $15.00 per share, 600,000 warrants with an exercise price of $2.50 and an expiration date of February 15, 2016 shall be exercisable ("Warrant C"). The fair value of warrants that vest upon the attainment of a market condition must be estimated and amortized over the lower of the implicit or derived service period of the warrants. Previously recognized expense is not reversed in the event of a subsequent decline in the fair value of market condition equity based compensation.  The fair value of the warrants and the derived service period were valued using a lattice model that values the liability of the warrants based on a probability weighted discounted cash flow model. This model is based on future projections of the various potential outcomes. Warrant B and Warrant C will be amortized over the derived service periods of 2.08 years and 2.49 years, respectively.
	The following reflects the fair value at the end of the derived service for each of the warrants:
		Warrant B				Warrant C
	Fair value		$	266,017			$	206,245
	The following table reflects information regarding Warrant B and Warrant C during the quarters ended October 31, 2013 and 2012:
		2013				2012
	Compensation expense recognized		$	6,754			$	80,493
	Summary information regarding common stock warrants issued and outstanding as of October 31, 2013, is as follows:
			Warrants				Weighted		Aggregate		Weighted
							Average		intrinsic		average
							Share Price		value		remaining
											contractual
											life (years)
	Outstanding at year ended July 31,2013			3,710,877			$	2.5	$	-		1.87
	Granted			-				-
	Exercised			-				-
	Expired			-				-
	Outstanding at quarter ended October 31, 2013			3,710,877			$	2.5	$	-		1.61

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Oct. 31, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	Note 7 - Related Party Transactions
	During the year ended July 31, 2013, a company controlled by one of our former officers, Carter E & P, LLC ("Carter") operated several properties onshore in South Texas, including our producing properties located near the Victoria Barge Canal in Calhoun County, Texas. Although he was not a related party after September 1, 2013, he was a related party during the periods covered by this report.  Revenues generated, lease operating costs, and contractual overhead charges incurred during the time Carter was a related party were as follows:
			Three Months Ended
			October 31,
		2013		2012
	Revenues	$	39,274	$	145,707
	Lease operating costs	$	23,259	$	69,901
	Overhead costs incurred	$	4,687	$	7,414
					July 31,
					2013
	Outstanding related party accounts receivable at period end			$	91,967
	Outstanding related party accounts payable at period end			$	-
	In August 2013, we closed our Corpus Christi office and terminated this officer.  In conjunction with the office closure and termination, we assumed operatorship of the Barge Canal properties effective September 1, 2013.  In addition, we conveyed multiple properties located in the South Texas and Illinois area to this officer for $0 cash consideration and assumption of the associated asset retirement obligations. (See Note 2 - Oil and Gas Properties)
	The father of the Chief Accounting Officer has a 5% working interest in one of our wells in Galveston Bay.  As of October 31, 2013 and July 31, 2013, we had advance outstanding that is due to the father of the Chief Accounting Officer, which was reflected in the caption "Due to related parties", of $ 15,504 and $15,046 respectively.
	During the period we have had transactions as described below with entities controlled by Michael Watts. Mr. Watts is the father-in-law of Jeremy Driver, who served as a director and Chief Executive Officer through November, 2013. Additionally, Mr. Watts is the brother of Kent Watts, who became the Chairman of Duma's Board of Directors during October 2013. Mr. Watts is a related party to Duma by virtue of his relationships with Mr. Driver and with Kent Watts. Further, two of Mr. Watts' adult children are significant shareholders of Duma's common stock. Between them, they are beneficial owners of approximately 40% of the outstanding common stock.
	A company controlled by Michael Watts purchased a 5% working interest in one of our wells in Galveston Bay.  As of October 31, 2013 and July 31, 2013, this company owed us $84,358 and $84,806, respectively, in joint interest billings.
	During 2011, we entered into a consulting contract with a company controlled by Michael Watts, as detailed in Note 6 - Capital Stock - Warrants.  The contract permits us to terminate the agreement after the first year with thirty days notice.  We recognized expense of $6,754 and $80,493 from this contract during the three months ended October 31, 2013 and 2012, respectively.
	During the quarter ended October 31, 2012, we purchased NEI for up to 24,900,000 shares of Duma common stock. We recognized $37,234,752 of expense associated with the acquisition of NEI, which consisted of the assumption of NEI's net liability of $1,837,952, $3,784,800 associated with the 2,490,000 shares issued at the closing date of the acquisition and $31,612,000 associated with 22,410,000 shares that would be issued in stages upon attainment of certain market conditions. The transaction is more fully described in Note 2 - Acquisitions - Namibia Exploration, Inc. of our audited financial statements for the year ended July 31, 2013, contained in our Annual Report filed with the SEC on Form 10-K.
	Subsequent to the balance sheet date, in December 2013, we acquired Hydrocarb (See Note 10 - Subsequent Events). Prior to this acquisition, Kent Watts, Pasquale Scaturro, and Charles F. Dommer were related parties to Duma. Mr. Watts and Mr. Scaturro were members of the board of directors of Duma. Mr. Scaturro and Mr. Dommer were officers of Duma. Prior to the transaction these gentlemen, were also the primary officers and owners of Hydrocarb.  As such, the transaction was a related party transaction. We are currently evaluating the facts and circumstances regarding this transaction in order to determine how we will account for the transaction.
	In conjunction with the acquisition of Hydrocarb, the former owners of NEI received the remainder of the shares associated with the NEI transaction.  The former owners of NEI included Michael Watts and companies controlled by two of his adult children, who beneficially owned approximately 40% of Duma's common stock both before and after the Hydrocarb transaction.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Oct. 31, 2013
Commitments and Contingencies [Abstract]	'
Commitments and Contingencies	'
	Note 8 - Commitments and Contingencies
	Legal
	We are subject to legal proceedings, claims and liabilities which arise in the ordinary course of business. We accrue for losses associated with legal claims when such losses are probable and can be reasonably estimated. These accruals are adjusted as additional information becomes available or circumstances change. Legal fees are charged to expense as they are incurred.
	A state regulator has requested that we renew certain pipeline easements located in Galveston Bay. The easements in question were originally obtained by another company whose successor filed for bankruptcy protection.  Our subsidiary, Galveston Bay Energy, LLC purchased certain assets from the bankruptcy estate; however, based on the bankruptcy court's order and the purchase and sale agreement, we believe the pipelines and easements in question were not included in assets purchased. The easements in question were scheduled to renew at various dates between 2012 and 2021.  Based on current posted rates, the cost of renewal of all of the easements would be approximately $400,000.  We have engaged legal counsel to dispute the regulator's claim.  If we are obligated to renew these easements, they would be part of the asset retirement obligation that was acquired with our subsidiary, Galveston Bay Energy, LLC. As such, the potential liability for these easements is factored into the computation of the asset retirement obligation (See Note 4) that is estimated using the guidance in ASC 410-20.  We have not received any further communications from the regulator as of the date of this report.
	Environmental
	We accrue for losses associated with environmental remediation obligations when such losses are probable and can be reasonably estimated. These accruals are adjusted as additional information becomes available or circumstances change. Costs of future expenditures for environmental remediation obligations are not discounted to their present value. Recoveries of environmental remediation costs from other parties are recorded at their undiscounted value as assets when their receipt is deemed probable.
	There is soil contamination at a tank facility owned by GBE. Depending on the technique used to perform the remediation, we estimate the cost range to be between $150,000 and $900,000. We cannot determine a most likely scenario, thus we have recognized the lower end of the range. We have submitted a remediation plan to the appropriate authorities and have not yet received a response. For the period ended October 31, 2013 and July 31, 2013, $150,000 has been recognized and is included in the balance sheet caption "Accounts payable and accrued expenses."
	Letters of Credit
	Oil and gas operators in the State of Texas are required to obtain a letter of credit in favor of the Railroad Commission of Texas as security that they will meet their obligations to plug and abandon the wells they operate.  We have two letters of credit in the amount of $6,610,000 and $180,000 issued by Green Bank.  These letters of credit are collateralized by a certificate of deposit held with the bank for the same amount. In addition, we have a letter of credit in the amount of $40,000 issued by a different commercial bank in favor of the landowner of one of our leases as security that we will meet our obligations with regard to the salt water disposal well located on the lease.  The letter of credit is collateralized by a certificate of deposit held with the bank for the same amount.  We pay a 1.5% per annum fee in conjunction with these letters of credit.
	In June 2013, when we renewed the letters of credit, we prepaid the entire years' interest upfront. We amortized these fees on a straight-line basis. The following table reflects the prepaid balances as of:
		October 31,			July 31,
		2013			2013
	Prepaid letter of credit fees	$	101,850		$	101,850
	Amortization		(33,950	)		(8,488	)
	Net prepaid letter of credit fees	$	67,900		$	93,362

Additional_Financial_Statement

Additional Financial Statement Information	3 Months Ended
	Oct. 31, 2013
Additional Financial Statement Information [Abstract]	'
Additional Financial Statement Information	'
	Note 9 - Additional Financial Statement Information
	Available for Sale Securities
	During the quarter ended October 31, 2012, we owned marketable equity securities, which were classified as available for sale.
	During the quarter ended October 31, 2012, we received cash proceeds of $145,237 from sales of securities with a cost basis of $607,201; thus, we had a realized loss on sale of available for sale securities of $461,964. We reclassified $447,755 unrealized loss from other comprehensive loss into earnings in conjunction with these sales.  In addition, as of October 31, 2012, we evaluated our securities, specifically stock in Hyperdynamics Corporation, for impairment.  Based on our evaluation, which included factors such as the duration and severity in the decline of the market price of the securities, public announcements of the Hyperdynamics' farmout agreement for its only asset and the unfavorable market reaction to the agreement, and our intent and ability to hold the securities for a reasonable period of time sufficient for a recovery of our original cost, we determined that the securities had incurred an other than temporary decline in fair market value.  Accordingly, we recognized an other than temporary impairment of $275,327.
	Derivative Warrant Liability
	ASC Topic No. 815-40 defines determining whether an instrument (or embedded feature) is indexed to an entity's own stock. Certain warrants we issued during the year ended July 31, 2010 are not afforded equity treatment because these warrants have a down-round ratchet provision on the exercise price. As a result, the warrants are not considered indexed to our own stock, and as such, the fair value of the embedded derivative liability is reflected on the balance sheet and all future changes in the fair value of these warrants will be recognized currently in earnings in our consolidated statement of operations under the caption "Loss on warrant derivative liability" until such time as the warrants are exercised or expire. The total fair values of the warrants issued during the year ended July 31, 2010, were determined using a lattice model and have been recognized as a derivative liability as described below.
	The warrants were valued using a multi-nomial lattice model with the following assumptions:
		●	The stock price on the valuation date would fluctuate with our projected volatility;
		●	Warrant holders would exercise at target price multiples of the market price trigger prices.  The target price multiple reduces as the warrants approach maturity;
		●	Warrant holders would exercise the warrant at maturity if the stock price was above two times the reset exercise price;
		●	An annual reset event would occur at 65% discount to market price;
		●	The projected volatility was based on historical volatility.  Because we do not have sufficient trading history to determine our own historical volatility, we used the volatility of a group of comparable companies combined with our own historical volatility from May 2009, when we began trading.
	Based on the valuation, an unrealized gain on changes in fair value of $641,594 was recorded as a reduction of the derivative liability and as an unrealized gain on the change in fair value of the liability in our statement of operations for the three months ended October 31, 2012.  Additionally, as a result of the expiration of the down-round repricing feature for warrants to purchase 408,065 shares common stock, the warrants were no longer derivatives.  The fair value of the warrants on the date the feature expired, $175,540, was reclassified to additional paid-in capital.
	The warrant agreement provides that the anti-dilution provisions expire three years after the issuance of the warrants.  Accordingly, the provision for warrants to purchase 408,065 and 206,400 shares of common stock expired on October 15, 2012 and November 13, 2012, respectively.  As of each those dates, the fair value of the warrant was determined for a final mark to market adjustment and the outstanding warrant derivative liability was reclassified to equity, as the warrants were no longer derivatives.

Subsequent_Events

Subsequent Events	3 Months Ended
	Oct. 31, 2013
Subsequent Events [Abstract]	'
Subsequent Events	'
	Note 10 - Subsequent Events
	During November 2013, we issued a promissory note for funds received from a director of $100,000. Under the terms of the note, principal on the note is due after one year and bears interest at 5% per annum payable on a monthly basis. The note has a special repayment provision; if our producing property in South Texas is sold, the outstanding principal and interest on the note will be paid from the proceeds of the sale.
	On December 2, 2013, Duma Energy Corp filed a Certificate of Designation that created a new class of stock: Series A 7% Convertible Voting Preferred Stock ("Series A Preferred").  Up to 10,000 shares of Series A Preferred are authorized. The stock has a stated value $400 per share, pays annual dividends at 7%, and is convertible into Duma's common stock, at the holder's option, at a conversion rate of $2.00 per share. The Series A Preferred is neither redeemable nor is it callable. Series A Preferred shareholders may vote their common stock equivalent voting power. We analyzed the Series A Preferred using the guidance contained in ASC 815-40 and concluded that the instrument was indexed to our own stock and qualified to be included in stockholders' equity. Because the Series A preferred is immediately convertible, the value of a beneficial conversion feature, if any exists on the date that stock is issued, will be recognized as a dividend.
	During December 2013, our Board of Directors increased the number of shares issuable under the 2013 Plan from 2,650,000 to 4,650,000.
	During December 2013, we acquired Hydrocarb pursuant to a Share Exchange Agreement ("Agreement") dated November 27, 2013.  Hydrocarb operates the Namibian concession described in Note 2 - Oil and Gas Properties and provides international oilfield consulting services. Under the terms of the Agreement, we issued 25,190,000 shares of Duma's common stock to Hydrocarb's shareholders in exchange for 100% of the outstanding equity interest in Hydrocarb and 8,188 shares of Series A Preferred to a holder of convertible preferred stock in Hydrocarb in exchange for 100% of his preferred stock in Hydrocarb. We are currently evaluating the facts and circumstances regarding this transaction in order to determine how we will account for the transaction.
	The Agreement also provided for the immediate issuance of 22,410,000 shares of Duma common stock to the former owners of NEI.  The original agreement contained market conditions for the issuance of this stock.  As described in Note 2 - Acquisitions - Namibia Exploration, Inc. of our audited financial statements for the year ended July 31, 2013, contained in our Annual Report filed with the SEC on Form 10-K, the stock issued in conjunction with the NEI transaction, including these contingent shares, was accounted for as compensation. In accordance with ASC 718-20-25-3, a modification of a stock grant is treated as an exchange of the old grant for a new grant.  Thus, the fair value of the 22,410,000 shares (the new grant), computed as the closing price on the date of grant, will be compared with the fair value of Duma's commitment to issue 22,410,000 upon the attainment of the market conditions outlined in the NEI transaction (the old grant). If the fair value of the new grant exceeds the fair value of the old grant, the difference will be recognized as incremental expense.

Description_of_Business_and_Su1

Description of Business and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Oct. 31, 2013
Description of Business and Summary of Significant Accounting Policies [Abstract]	'
Description of business and basis of presentation	'
	Description of business and basis of presentation
	The unaudited consolidated financial statements of Duma Energy Corp. ("Duma", the "Company", "we", "us", "our") have been prepared in accordance with accounting principles generally accepted in the United States and the rules of the Securities and Exchange Commission ("SEC"), and should be read in conjunction with the audited financial statements and notes thereto contained in our Annual Report filed with the SEC on Form 10-K for the year ended July 31, 2013. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein.  The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal year ended July 31, 2013, as reported in the Form 10-K, have been omitted.
Reclassifications	'
	Reclassifications
	Certain prior year amounts have been reclassified to conform with the current presentation.
Principles of consolidation	'
	Principles of consolidation
	The accompanying consolidated financial statements include the accounts of Duma and our wholly owned subsidiaries, Penasco Petroleum Corporation ("Penasco"), SPE Navigation I, LLC ("SPE"), Galveston Bay Energy, LLC ("GBE"), and Namibia Exploration, Inc. ("NEI"). All significant intercompany accounts and transactions have been eliminated in consolidation.
Recent accounting pronouncements	'
	Recent accounting pronouncements
	Recently issued or adopted accounting pronouncements are not expected to have, or did not have, a material impact on our financial position or results from operations.

Oil_and_Gas_Properties_Tables

Oil and Gas Properties (Tables)	3 Months Ended
	Oct. 31, 2013
Oil and Gas Properties [Abstract]	'
Schedule of Oil and Natural Gas Properties	'
	Oil and natural gas properties as of October 31, 2013 and July 31, 2013 consisted of the following:
		October 31,			July 31,
		2013			2013
	Evaluated Properties
	Costs subject to depletion	$	19,493,911		$	19,484,507
	Accumulated depletion		(2,913,576	)		(2,617,478	)
	Total evaluated properties		16,580,335			16,867,029
	Unevaluated properties		1,105,400			713,655
	Net oil and gas properties	$	17,685,735		$	17,580,684

Asset_Retirement_Obligation_Ta

Asset Retirement Obligation (Tables)	3 Months Ended
	Oct. 31, 2013
Asset Retirement Obligation [Abstract]	'
Schedule of Reconciliation of Asset Retirement Obligations	'
	The following is a reconciliation of our asset retirement obligation liability as of October 31, 2013 and July 31, 2013:
		October 31,			July 31,
		2013			2013
	Liability for asset retirement obligation, beginning of period	$	10,933,398		$	9,382,933
	Asset retirement obligations sold		(4,381	)		(438	)
	Asset retirement obligations incurred on properties drilled		-			26,500
	Accretion		243,976			1,056,508
	Revisions in estimated cash flows		-			786,120
	Costs incurred		(59,518	)		(318,225	)
	Liability for asset retirement obligation, end of period	$	11,113,475		$	10,933,398
	Current portion of asset retirement obligation	$	671,814		$	724,374
	Noncurrent portion of asset retirement obligation		10,441,661			10,209,024
	Total liability for asset retirement obligation	$	11,113,475		$	10,933,398

Notes_Payable_Tables

Notes Payable (Tables)	3 Months Ended
	Oct. 31, 2013
Notes Payable [Abstract]	'
Schedule of Future Maturities on Notes Payable	'
	As of October 31, 2013, future maturities on our notes payable were as follows:
	Fiscal year ending:
	2014	$	156,294
	2015		103,877
	Total	$	260,171

Capital_Stock_Tables

Capital Stock (Tables)	3 Months Ended
	Oct. 31, 2013
Capital Stock [Abstract]	'
Schedule of Information Relating to Stock Options Granted to Nonemployees Under Stock Incentive Plans	'
	The following table provides information about options granted to non-employees under our stock incentive plans during the quarters ended October 31, 2012 and 2013:
			2013				2012
	Number of options granted			-				-
	Compensation expense recognized		$	927,902			$	151,844
	Weighted average exercise price of options  granted		$	N/A			$	N/A
Schedule of Assumptions Used to Estimate Fair Value of Stock Option Awards	'
	The following table details the significant assumptions used to compute the fair values of stock options revalued during the quarters ended October 31:
			2013		2012
	Risk-free interest rate		2.01% - 2.09%		1.14% - 1.21%
	Dividend yield		0%		0%
	Volatility factor		117.05-144.01%		140%-141%
	Expected life (years)		6.5 years		6.5 years
Schedule of Information Relating to Stock Options Granted to Employees Under Stock Incentive Plans	'
	The following table provides information about options granted to employees under our stock incentive plans during the quarters ended October 31, 2012 and 2013:
			2013				2012
	Number of options granted			-				-
	Compensation expense recognized		$	56,028			$	64,229
	Weighted average exercise price of options  granted		$	N/A			$	N/A
Summary of Stock Option Activity Under Stock Option and Incentive Plans	'
	Summary information regarding stock options issued and outstanding as of October 31, 2013 is as follows:
			Options				Weighted		Aggregate		Weighted
							Average		intrinsic		average
							Share Price		value		remaining
											contractual
											life (years)
	Outstanding at year ended July 31,2013			1,536,000			$	2.38	$	-		7.98
	Granted			-				-
	Exercised			-				-
	Expired			(56,000	)			2.5
	Outstanding at quarter ended October 31, 2013			1,480,000			$	2.38	$	-		8.03
Schedule of Information for Warrants Granted to Related Parties	'
	The following reflects the fair value at the end of the derived service for each of the warrants:
		Warrant B				Warrant C
	Fair value		$	266,017			$	206,245
	The following table reflects information regarding Warrant B and Warrant C during the quarters ended October 31, 2013 and 2012:
		2013				2012
	Compensation expense recognized		$	6,754			$	80,493
Summary of Warrant Activity	'
	Summary information regarding common stock warrants issued and outstanding as of October 31, 2013, is as follows:
			Warrants				Weighted		Aggregate		Weighted
							Average		intrinsic		average
							Share Price		value		remaining
											contractual
											life (years)
	Outstanding at year ended July 31,2013			3,710,877			$	2.5	$	-		1.87
	Granted			-				-
	Exercised			-				-
	Expired			-				-
	Outstanding at quarter ended October 31, 2013			3,710,877			$	2.5	$	-		1.61

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	3 Months Ended
	Oct. 31, 2013
Related Party Transactions [Abstract]	'
Schedule of Revenues and Costs from Facility Controlled by Related Party	'
	Revenues generated, lease operating costs, and contractual overhead charges incurred during the time Carter was a related party were as follows:
			Three Months Ended
			October 31,
		2013		2012
	Revenues	$	39,274	$	145,707
	Lease operating costs	$	23,259	$	69,901
	Overhead costs incurred	$	4,687	$	7,414
					July 31,
					2013
	Outstanding related party accounts receivable at period end			$	91,967
	Outstanding related party accounts payable at period end			$	-

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	3 Months Ended
	Oct. 31, 2013
Commitments and Contingencies [Abstract]	'
Schedule of Prepaid Balances	'
	We amortized these fees on a straight-line basis. The following table reflects the prepaid balances as of:
		October 31,			July 31,
		2013			2013
	Prepaid letter of credit fees	$	101,850		$	101,850
	Amortization		(33,950	)		(8,488	)
	Net prepaid letter of credit fees	$	67,900		$	93,362

Oil_and_Gas_Properties_Schedul

Oil and Gas Properties (Schedule of Oil and Gas Properties) (Details) (USD $)	Oct. 31, 2013	Jul. 31, 2013
Oil and Gas Properties [Abstract]	'	'
Costs subject to depletion	$19,493,911	$19,484,507
Accumulated Depletion	-2,913,576	-2,617,478
Total evaluated properties	16,580,335	16,867,029
Unevaluated properties	1,105,400	713,655
Net oil and gas properties	$17,685,735	$17,580,684

Oil_and_Gas_Properties_Narrati

Oil and Gas Properties (Narrative) (Details) (USD $)	3 Months Ended		12 Months Ended	3 Months Ended
	Oct. 31, 2013	Oct. 31, 2012	Jul. 31, 2013	Oct. 31, 2013	Oct. 31, 2013	Sep. 30, 2012	Sep. 06, 2012
				Hydrocarb [Member]	Namibia Exploration, Inc. [Member]	Namibia Exploration, Inc. [Member]	Namibia Exploration, Inc. [Member]
Oil And Gas Properties [Line Items]	'	'	'	'	'	'	'
Geological And Geophysical Costs	$17,491	'	'	'	'	'	'
Exploration costs	320,000	'	'	'	'	'	'
Leasehold costs	66,000	'	'	'	'	'	'
Ownership percentage	'	'	'	90.00%	'	'	39.00%
Percentage of cost responsibility	'	'	'	100.00%	'	'	'
Number of acres included in oil and gas property	'	'	'	'	'	'	5,300,000
Cost responsibility percentage	'	'	'	'	'	'	43.33%
Minimum cost responsibilities during initial exploration period	'	'	'	'	'	4,505,000	'
Minimum cost responsibilities during the first renewal exploration period	'	'	'	'	'	17,350,000	'
Minimum cost responsibilities during the second renewal exploration period	'	'	'	'	'	300,000	'
The cumulative amount expended toward costs for the initial exploration period	'	'	'	'	1,900,000	'	'
Asset retirement obligation sold	$4,381	'	$438	'	'	'	'

Asset_Retirement_Obligation_De

Asset Retirement Obligation (Details) (USD $)	3 Months Ended		12 Months Ended
	Oct. 31, 2013	Oct. 31, 2012	Jul. 31, 2013
Asset Retirement Obligation [Abstract]	'	'	'
Liability for asset retirement obligation, beginning of period	$10,933,398	$9,382,933	$9,382,933
Asset retirement obligations sold	-4,381	'	-438
Asset retirement obligation incurred on properties drilled	'	'	26,500
Accretion	243,976	232,188	1,056,508
Revisions in estimated cash flows	'	'	786,120
Costs incurred	-59,518	'	-318,225
Liability for asset retirement obligation, end of period	11,113,475	'	10,933,398
Current portion of asset retirement obligation	671,814	'	724,374
Noncurrent portion of asset retirement obligation	10,441,661	'	10,209,024
Total liability for asset retirement obligation	$11,113,475	'	$10,933,398

Notes_Payable_Details

Notes Payable (Details) (USD $)

1 Months Ended

3 Months Ended

1 Months Ended

3 Months Ended

1 Months Ended

Mar. 17, 2011

Oct. 31, 2013

Oct. 31, 2012

Jul. 31, 2013

Mar. 31, 2013

31-May-12

Oct. 31, 2013

Oct. 31, 2012

Sep. 30, 2012

Sep. 30, 2012

Sep. 30, 2012

Jun. 30, 2013

Dec. 20, 2013

Oct. 31, 2013

Commercial Insurance Program Renewal [Member]

Notes Payable For Vehicle Purchase [Member]

Note Payable - Hydrocarb Corporation [Member]

Note Payable - Hydrocarb Corporation [Member]

Note Payable - Hydrocarb Corporation [Member]

Note Payable - Hydrocarb Corporation - Payment One [Member]

Note Payable - Hydrocarb Corporation - Payment Two [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, face amount

'

'

'

'

$260,905

$18,375

'

'

$1,600,000

'

'

$300,000

'

'

Debt instrument, interest rate

'

'

'

'

'

6.93%

'

'

5.00%

'

'

6.00%

'

'

Rate of late fee

'

'

'

'

'

'

'

10.00%

'

'

'

'

'

'

Installment payments start date

'

'

'

'

1-Mar-13

1-Jun-12

'

'

'

7-Aug-13

7-Aug-14

'

'

'

Current portion of notes payable

'

156,294

'

1,059,644

0

'

'

'

'

'

'

'

225,000

250,000

Interest and late fees on notes payable

'

'

'

'

'

'

553,630

'

'

'

'

'

'

'

Interest

'

6,520

14,831

'

'

'

25,000

'

'

'

'

'

'

'

Amount of note converted

'

'

'

'

'

'

2,400,000

'

'

'

'

'

'

'

Periodic installments amount

'

'

'

'

29,591

567

'

'

'

800,000

800,000

12,500

'

'

Number of required periodic payments

'

'

'

'

9

36

'

'

'

'

'

24

'

'

Description of interest rate of credit facility

'

'

'

'

'

'

'

'

'

'

'

'prime

'

'

Line of credit, interest rate spread over prime rate

1.00%

'

'

'

'

'

'

'

'

'

'

1.00%

'

'

Year ending:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

31-Oct-14

'

156,294

'

'

'

'

'

'

'

'

'

'

'

'

31-Oct-15

'

103,877

'

'

'

'

'

'

'

'

'

'

'

'

Total

'

$260,171

'

'

'

'

'

'

'

'

'

'

'

'

Capital_Stock_Common_Stock_Iss

Capital Stock (Common Stock Issuances) (Note Payable - Hydrocarb Corporation [Member], USD $)	3 Months Ended
	Oct. 31, 2013
Note Payable - Hydrocarb Corporation [Member]	'
Class of Stock [Line Items]	'
Conversion of notes payable, shares	1,859,879
Conversion of notes payable amount	$3,589,567
Note payable, amount	2,400,000
Interest and late fees on notes payable	553,630
Joint interest billings payable	$635,937

Capital_Stock_Options_Granted_

Capital Stock (Options Granted to Non-employees and Employees) (Details) (USD $)	1 Months Ended		3 Months Ended		12 Months Ended
	Oct. 31, 2013	Aug. 31, 2013	Oct. 31, 2013	Oct. 31, 2012	Jul. 31, 2013
Share Based Arrangements With Employees And Nonemployees [Line Items]	'	'	'	'	'
Shares authorized for issuance	2,650,000	'	2,650,000	'	'
Number of options granted	480,000	120,000	'	'	'
Term of options granted	'	'	'8 years 11 days	'	'7 years 11 months 23 days
Fair value of options granted	$851,096	$16,184	'	'	'
Expected term	'6 years 6 months	'6 years 6 months	'6 years 6 months	'6 years 6 months	'
Risk free interest rate	2.09%	2.01%	'	'	'
Dividend yield	0.00%	0.00%	0.00%	0.00%	'
Volitility factor	117.31%	144.01%	'	'	'
Employee [Member]	'	'	'	'	'
Share Based Arrangements With Employees And Nonemployees [Line Items]	'	'	'	'	'
Number of options granted	'	'	'	'	'
Non-employee [Member]	'	'	'	'	'
Share Based Arrangements With Employees And Nonemployees [Line Items]	'	'	'	'	'
Number of options granted	'	'	'	'	'

Capital_Stock_Schedule_of_Info

Capital Stock (Schedule of Information Relating to Stock Options Granted to Nonemployees Under Stock Incentive Plans) (Details) (USD $)	1 Months Ended		3 Months Ended
	Oct. 31, 2013	Aug. 31, 2013	Oct. 31, 2013	Oct. 31, 2012
Share Based Arrangements With Employees And Nonemployees [Line Items]	'	'	'	'
Number of options granted	480,000	120,000	'	'
Compensation expense recognized	'	'	$983,930	$216,073
Weighted average exercise price of options granted	'	'	'	'
Non-employee [Member]	'	'	'	'
Share Based Arrangements With Employees And Nonemployees [Line Items]	'	'	'	'
Number of options granted	'	'	'	'
Compensation expense recognized	'	'	$927,902	$151,844
Weighted average exercise price of options granted	'	'	'	'

Capital_Stock_Schedule_of_Sign

Capital Stock (Schedule of Significant Assumptions Used to Compute Effects of Equity Compensation Repricing) (Details)	1 Months Ended		3 Months Ended
	Oct. 31, 2013	Aug. 31, 2013	Oct. 31, 2013	Oct. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'
Risk-free interest rate, minimum	'	'	2.01%	1.14%
Risk-free interest rate, maximum	'	'	2.09%	1.21%
Dividend yield	0.00%	0.00%	0.00%	0.00%
Volatility factor, minimum	'	'	117.05%	140.00%
Volatility factor, maximum	'	'	144.01%	141.00%
Expected life	'6 years 6 months	'6 years 6 months	'6 years 6 months	'6 years 6 months

Capital_Stock_Schedule_of_Info1

Capital Stock (Schedule of Information Relating to Stock Options Granted to Employees Under Stock Incentive Plans) (Details) (USD $)	1 Months Ended		3 Months Ended
	Oct. 31, 2013	Aug. 31, 2013	Oct. 31, 2013	Oct. 31, 2012
Share Based Arrangements With Employees And Nonemployees [Line Items]	'	'	'	'
Number of options granted	480,000	120,000	'	'
Compensation expense recognized	'	'	$983,930	$216,073
Weighted average exercise price of options granted	'	'	'	'
Employee [Member]	'	'	'	'
Share Based Arrangements With Employees And Nonemployees [Line Items]	'	'	'	'
Number of options granted	'	'	'	'
Compensation expense recognized	'	'	$56,028	$64,229
Weighted average exercise price of options granted	'	'	'	'

Capital_Stock_Summary_of_Stock

Capital Stock (Summary of Stock Options Issued and Outstanding) (Details) (USD $)	1 Months Ended		3 Months Ended	12 Months Ended
	Oct. 31, 2013	Aug. 31, 2013	Oct. 31, 2013	Jul. 31, 2013
Options	'	'	'	'
Outstanding at year ended July 31, 2013	'	1,536,000	1,536,000	'
Granted	480,000	120,000	'	'
Exercised	'	'	'	'
Expired	'	'	-56,000	'
Outstanding at quarter ended October 31, 2013	1,480,000	'	1,480,000	1,536,000
Weighted Average Share Price	'	'	'	'
Outstanding at year ended July 31, 2013	'	$2.38	$2.38	'
Granted	'	'	'	'
Exercised	'	'	'	'
Expired	'	'	$2.50	'
Outstanding at quarter ended October 31, 2013	$2.38	'	$2.38	$2.38
Aggregate intrinsic value	'	'	'	'
Weighted average remaining contractual life	'	'	'8 years 11 days	'7 years 11 months 23 days

Capital_Stock_Warrants_Granted

Capital Stock (Warrants Granted to Related Party) (Details) (USD $)	Oct. 31, 2013	Jul. 31, 2013	Jul. 31, 2011	Mar. 31, 2011	Mar. 31, 2011
			Geoserve Marketing, LLC [Member]	Geoserve Marketing, LLC [Member]	Geoserve Marketing, LLC [Member]
				Warrant B [Member]	Warrant C [Member]
				Scenario, Forecast [Member]	Scenario, Forecast [Member]
Warrants Granted To Related Party [Line Items]	'	'	'	'	'
Total shares of common stock issuable under warrants	3,710,877	3,710,877	1,200,000	'	'
Exercise Price	2.5	2.5	'	2.5	2.5
Term of warrants	'	'	'	'2 years 29 days	'2 years 5 months 27 days
Average closing stock price that will trigger issuance of additional warrants	'	'	'	$7.50	$15
Expiration date	'	'	'	15-Feb-16	15-Feb-16
Number of warrants issued	'	'	'	600,000	600,000

Capital_Stock_Schedule_of_Info2

Capital Stock (Schedule of Information for Warrants Granted to Related Parties) (Details) (USD $)	3 Months Ended
	Oct. 31, 2013	Oct. 31, 2012
Warrants Granted To Related Party [Line Items]	'	'
Compensation expense recognized	$983,930	$216,073
Warrant B [Member]	'	'
Warrants Granted To Related Party [Line Items]	'	'
Fair value of warrants	266,017	247,184
Warrant C [Member]	'	'
Warrants Granted To Related Party [Line Items]	'	'
Fair value of warrants	206,245	212,217
Warrants [Member]	'	'
Warrants Granted To Related Party [Line Items]	'	'
Compensation expense recognized	$6,754	$80,493

Capital_Stock_Summary_of_Warra

Capital Stock (Summary of Warrant Activity) (Details) (USD $)	3 Months Ended	12 Months Ended
	Oct. 31, 2013	Jul. 31, 2013
Warrants	'	'
Outstanding at year ended July 31, 2013	3,710,877	'
Granted	'	'
Exercised	'	'
Expired	'	'
Outstanding at quarter ended October 31, 2013	3,710,877	3,710,877
Weighted Average Share Price	'	'
Outstanding at year ended July 31, 2013	2.5	'
Granted	'	'
Exercised	'	'
Expired	'	'
Outstanding at quarter ended October 31, 2013	2.5	2.5
Aggregate intrinsic value	'	'
Weighted average remaining contractual life	'1 year 7 months 10 days	'1 year 10 months 13 days

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	3 Months Ended
	Oct. 31, 2013	Oct. 31, 2012	Jul. 31, 2013
Related Party Transaction [Line Items]	'	'	'
Due to related parties	$15,504	'	$15,046
Acquisition-related costs - related party	'	37,234,752	'
Property Controlled By Company Officer [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Revenue generated from Barge Canal properties	39,274	145,707	'
Lease operating costs incurred from Barge Canal properties	23,259	69,901	'
Overhead costs incurred	4,687	7,414	'
Outstanding accounts receivable at period end	'	'	91,967
Outstanding accounts payable at year end	'	'	'
Father-In-Law of Chief Executive Officer [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Outstanding billed and unbilled joint interest billings owed by related party	84,358	'	84,806
Due to related parties	15,504	'	15,046
Expense recognized from consulting contract with related party	6,754	80,493	'
Namibia Exploration, Inc. [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Total contingent value of shares that could be issued if all milestones are achieved	'	31,612,000	'
Total contingent shares that could be issued if all milestones are achieved	'	22,410,000	'
Acquisition-related costs - related party	'	37,234,752	'
Acquisition net liability	'	1,837,952	'
Value of shares issued in acquisition	'	$3,784,800	'
Shares issued in business acquisition	'	24,900,000	'

Commitments_and_Contingencies_1

Commitments and Contingencies (Narrative) (Details) (USD $)	3 Months Ended	12 Months Ended
	Oct. 31, 2013	Jul. 31, 2013
Commitments And Contingencies [Line Items]	'	'
Cost renewal of easements	$400,000	'
Prepaid letter of credit fees	0	'
Prepaid interest	0	'
Letter of Credit One [Member]	'	'
Commitments And Contingencies [Line Items]	'	'
Debt instrument, face amount	6,610,000	'
Debt instrument, fee percentage	1.50%	'
Letter of Credit Two [Member]	'	'
Commitments And Contingencies [Line Items]	'	'
Debt instrument, face amount	180,000	'
Debt instrument, fee percentage	1.50%	'
Letter of Credit Three [Member]	'	'
Commitments And Contingencies [Line Items]	'	'
Debt instrument, face amount	40,000	'
Debt instrument, fee percentage	1.50%	'
Accounts payable and accrued expenses [Member]	'	'
Commitments And Contingencies [Line Items]	'	'
Environmental remediation expense	150,000	150,000
Minimum [Member]	'	'
Commitments And Contingencies [Line Items]	'	'
Loss contingency, estimate	150,000	'
Maximum [Member]	'	'
Commitments And Contingencies [Line Items]	'	'
Loss contingency, estimate	$900,000	'

Commitments_and_Contingencies_2

Commitments and Contingencies (Schedule of Prepaid Balances) (Details) (USD $)	Oct. 31, 2013	Jul. 31, 2013
Commitments and Contingencies [Abstract]	'	'
Prepaid letter of credit fees	$101,850	$101,850
Amortization	-33,950	-8,488
Net prepaid letter of credit fees	$67,900	$93,362

Additional_Financial_Statement1

Additional Financial Statement Information (Details) (USD $)	0 Months Ended	3 Months Ended
	Nov. 13, 2012	Oct. 31, 2013	Oct. 31, 2012
Additional Financial Statement Information [Abstract]	'	'	'
Cost basis	'	'	$607,201
Proceeds from sale of available for sale securities	'	'	145,237
Realized loss on sale of available for sale securities	'	'	-461,964
Unrealized loss from other comprehensive loss available for sale securities	'	'	-447,755
Impairment of available for sale securities	'	'	275,327
Annual reset discount rate	'	'	65.00%
Gain on derivative warrant liability	'	'	641,594
Expiration of warrants to purchase derivative liability	206,400	'	408,065
Expiration of derivative warrant liability	'	'	$175,540

Subsequent_Events_Details

Subsequent Events (Details) (USD $)	1 Months Ended		3 Months Ended			0 Months Ended	1 Months Ended
	Oct. 31, 2013	Aug. 31, 2013	Oct. 31, 2013	Dec. 20, 2013	Nov. 30, 2013	Dec. 02, 2013	Nov. 27, 2013	Nov. 27, 2013	Nov. 27, 2013
				Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]
					Director [Member]	Series A Preferred Stock [Member]	Series A Preferred Stock [Member]	Common Stock [Member]	Common Stock [Member]
							Hydrocarb Namibia [Member]	Hydrocarb Namibia [Member]	Namibia Exploration, Inc. [Member]
Subsequent Event [Line Items]	'	'	'	'	'	'	'	'	'
Promissory note issued	'	'	'	'	$100,000	'	'	'	'
Debt instrument, interest rate	'	'	'	'	5.00%	'	'	'	'
Preferred Stock, shares authorized	'	'	'	'	'	10,000	'	'	'
Preferred Stock, par value per share	'	'	'	'	'	$400	'	'	'
Dividends, per annum percent	'	'	'	'	'	7.00%	'	'	'
Debt conversion, price per share	'	'	'	'	'	$2	'	'	'
Shares issued	480,000	120,000	'	'	'	'	8,188	25,190,000	22,410,000
Outstanding equity interest	'	'	'	'	'	'	100.00%	100.00%	'
Shares authorized for issuance	2,650,000	'	2,650,000	4,650,000	'	'	'	'	'