Puissant Industries (PSSS) 10-Q 18 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Nov. 04, 2013
Document And Entity Information	'	'
Entity Registrant Name	'Puissant Industries, Inc.	'
Entity Central Index Key	'0001511618	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-13	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity a Voluntary Filer?	'No	'
Is Entity's Reporting Status Current?	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	9,449,201
Document Fiscal Period Focus	'Q3	'
Document Fiscal Year Focus	'2013	'

Consolidated_Statements_of_Fin

Consolidated Statements of Financial Condition (Unaudited) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Current assets	'	'
Cash	$57,092	$20,625
Accounts receivable	48,000	48,183
Prepaid expenses	182,252	310,000
Total current assets	287,344	378,808
Properties and equipment at cost, based on successful efforts method:	'	'
Producing oil and natural gas properties	494,407	343,875
Non-producing oil and natural gas properties	103,043	56,521
Property plant and equipment	597,450	400,396
Less: accumulated depreciation and depletion	77,310	30,908
Net properties and equipment	520,140	369,488
Total assets	807,484	748,296
Current liabilities	'	'
Accounts and accrued expenses payable	28,492	30,778
Notes payable, current portion	4,051	3,845
Due related parties	4,000	4,000
Total current liabilities	36,543	38,623
Long-term debt	'	'
Bonds payable - related parties	28,000	28,000
Notes payable, less current portion	38,431	41,495
Total liabilities	102,974	108,118
Stockholders' equity	'	'
Preferred stock, $0.001 par value; 10,000,000 authorized, none outstanding at September 30, 2013	'	'
Common stock, $0.001 par value; 90,000,000 shares authorized, 9,228,005 and 6,644,200 issued and outstanding at September 30, 2013 and December 31, 2012, respectively	9,228	6,644
Paid-in capital	1,126,783	885,097
Accumulated deficit	-431,501	-251,563
Total stockholders' equity	704,510	640,178
Total liabilities and stockholders' equity	$807,484	$748,296

Consolidated_Statements_of_Fin1

Consolidated Statements of Financial Condition (Unaudited) (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2012
Consolidated Statements Of Financial Condition Parenthetical	'	'	'
Preferred stock, par value	$0.00	$0.00	'
Preferred stock shares authorized	10,000,000	10,000,000	'
Preferred stock shares issued	0	0	0
Preferred stock shares outstanding	0	0	0
Common stock, par value	$0.00	$0.00	'
Common stock shares authorized	90,000,000	90,000,000	'
Common stock shares issued	9,228,005	6,644,200	6,041,800
Common stock outstanding	9,228,005	6,644,200	6,041,800

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Revenues:	'	'	'	'
Oil and gas production	$113,628	'	$326,635	'
Royalty income	11,098	113,032	31,327	358,352
Total	124,726	113,032	357,962	358,352
Costs and Expenses	'	'	'	'
Lease operating expenses	23,738	94,825	60,765	266,125
Administrative expenses	131,743	82,778	422,717	249,021
Depreciation and depletion	20,645	'	46,402	'
Total costs and expenses	176,126	177,603	529,884	515,146
Net loss from operations	-51,400	-64,571	-171,922	-156,794
Other income (expense)	'	'	'	'
Interest expense	-1,808	-963	-8,016	-3,205
Total other expenses	-1,808	-963	-8,016	-3,205
Income (loss) before income taxes	-53,208	-65,534	-179,938	-159,999
Provision for income taxes	'	'	'	'
Net income (loss)	($53,208)	($65,534)	($179,938)	($159,999)
Net loss per weighted share, basic and fully diluted	($0.01)	($0.01)	($0.02)	($0.03)
Weighted average number of common shares outstanding, basic and fully diluted	8,985,148	6,041,800	8,009,159	5,994,181

Consolidated_Statements_of_Cha

Consolidated Statements of Changes in Stockholders' Equity (USD $)	Preferred Stock	Common Stock	Additional Paid-In Capital	Common Stock Subscribed	Retained Earnings / Accumulated Deficit	Total
Beginning Balance, Amount at Dec. 31, 2010	'	$50	$3,191	'	($245,119)	($241,878)
Beginning Balance, Shares at Dec. 31, 2010	'	50,000	'	'	'	'
Shares issued in connection with conversion of notes payable, Amount	'	128	63,872	'	'	64,000
Shares issued in connection with conversion of notes payable, Shares	'	128,000	'	'	'	'
Shares issued in exchange for land leases, Amount	'	5,200	-5,200	'	'	'
Shares issued in exchange for land leases, Shares	'	5,200,000	'	'	'	'
Shares issued in exchange for professional services, Amount	'	320	159,680	'	'	160,000
Shares issued in exchange for professional services, Shares	'	320,000	'	'	'	'
Shares issued for services rendered, Amount	'	80	39,920	'	'	40,000
Shares issued for services rendered, Shares	'	80,000	'	'	'	'
Sale of common stock for cash, Amount	'	4	1,896	'	'	1,900
Sale of common stock for cash, Shares	'	3,800	'	'	'	'
Shares issued in exchange for professional services, Amount	'	160	319,840	'	'	320,000
Shares issued in exchange for professional services, Shares	'	160,000	'	'	'	'
Net income (loss)	'	'	'	'	37,659	37,659
Ending Balance, Amount at Dec. 31, 2011	'	5,942	583,199	'	-207,460	381,681
Ending Balance, Shares at Dec. 31, 2011	'	5,941,800	'	'	'	'
Shares issued in exchange for professional services, Amount	'	100	199,900	'	'	200,000
Shares issued in exchange for professional services, Shares	'	100,000	'	'	'	'
Shares issued in connection with purchase of support equipment, Amount	'	410	102,190	'	'	102,600
Shares issued in connection with purchase of support equipment, Shares	'	410,400	'	'	'	'
Shares issued in exchange for warrants, Amount	'	192	-192	'	'	'
Shares issued in exchange for warrants, Shares	'	192,000	'	'	'	'
Net income (loss)	'	'	'	'	-44,103	-44,103
Ending Balance, Amount at Dec. 31, 2012	'	6,644	885,097	'	-251,563	640,178
Ending Balance, Shares at Dec. 31, 2012	'	6,644,200	'	'	'	'
Shares issued in exchange for professional services, Amount	'	200	39,800	'	'	40,000
Shares issued in exchange for professional services, Shares	'	200,000	'	'	'	200,000
Sale of common stock for cash, Amount	'	250	49,750	'	'	50,000
Sale of common stock for cash, Shares	'	250,000	'	'	'	'
Shares issued in exchange for professional services, Amount	'	250	22,250	'	'	22,500
Shares issued in exchange for professional services, Shares	'	250,000	'	'	'	250,000
Shares issued in payment of vendor invoices, Amount	'	619	55,246	'	'	55,246
Shares issued in payment of vendor invoices, Shares	'	618,722	'	'	'	'
Shares issued in payment of unpaid wages, Amount	'	1,265	74,640	'	'	75,905
Shares issued in payment of unpaid wages, Shares	'	1,265,083	'	'	'	'
Net income (loss)	'	'	'	'	-179,938	-179,938
Ending Balance, Amount at Sep. 30, 2013	'	$8,609	$1,126,783	'	($431,501)	$704,510
Ending Balance, Shares at Sep. 30, 2013	'	9,228,005	'	'	'	'

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operations	'	'
Net income (loss)	($179,938)	($159,999)
Adjustments to reconcile income (loss) to cash provided by (used in) operating activities:	'	'
Stock-based compensation	190,249	153,334
Depreciation and depletion	46,402	'
Changes in operating assets and liabilities:	'	'
Accounts receivable	183	-1,347
Prepaid expenses	62,500	'
Accounts and accrued expenses payable	-2,286	'
Net cash provided by (used in) operating activities	117,110	-8,012
Cash flows from investing activies	'	'
Additions to oil and gas properties	-128,078	'
Net cash used for investing activities	-128,078	'
Cash flows from financing activities	'	'
Payments on notes payable	-2,858	-18,304
Procceds from sale of common stock	50,000	'
Proceeds from related party loans, net	'	20,000
Net cash provided by (used in) investing activities	47,142	1,696
Net increase (decrease) in cash	36,174	-6,316
Cash, beginning of period	20,625	26,160
Cash, end of period	56,799	19,844
Supplemental disclosure of cash flow information:	'	'
Cash paid during the period for Income taxes	'	'
Cash paid during the period for Interest	1,818	2,242
Non-Cash investing and financing transactions:	'	'
Issuance of 618,722 shares of common stock in payment of vendor invoices.	55,865	'
Issuance of 250,000 shares of common stock in exchange for professional services.	22,500	'
Issuance of 1,265,083 shares of common stock for unpaid wages.	75,905	'
Issuance of 200,000 shares of common stock in exchange for professional services.	$40,000	'

Consolidated_Statements_of_Cas1

Consolidated Statements of Cash Flows (Unaudited) (Parenthetical)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Consolidated Statements Of Cash Flows	'	'
Common stock in payment	618,722	'
Common stock in exchange for professional services	250,000	'
Common stock for unpaid wages	1,265,083	'
Common stock in exchange for professional services	200,000	'

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
Note 1. Basis of Presentation	'
	We are providing herein the consolidated interim statements of financial condition of Puissant Industries, Inc. and its subsidiary (collectively the "Company") as of September 30, 2013, and the related consolidated interim statements of operations and cash flows for the three and nine months ended September 30, 2013 and 2012, and the consolidated interim statements of changes in stockholders equity for the nine months ended September  30, 2013 and the year ended December 31, 2012. The consolidated interim financial statements presented herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). Certain information and footnote disclosures normally included in the financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. The consolidated interim financial statements should be read in conjunction with the Company's financial statements and related notes for the year ended December 31, 2012, which are included in  the Company's Form 10-K, as filed with the SEC on April 15, 2013.
	The information furnished in this report reflects all adjustments consisting of only normal recurring adjustments, which are in the opinion of management necessary for a fair presentation of results for the interim periods.  Prior interim period data has been reclassified to conform to current period presentation. These reclassifications have no effect on previously reported results of operations. The results of operations for the three and nine months ended September 30, 2013 are not necessarily indicative of results that may be expected for the fiscal year ending December 31, 2013.

Nature_of_Operations

Nature of Operations	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
Note 2. Nature of Operations	'
	Organization
	Puissant Industries, Inc. (the “Company”) was organized as a Wyoming corporation on July 6, 2009. As of December 31, 2010, the Company was located in Columbia, Kentucky, in Adair County.
	The Company is an oil and natural gas exploration, production and development company geographically focused on the onshore United States. The Company currently has 39 wells assigned to it with over 4,735 acres available for drilling and exploration. The Company redomiciled to the state of Florida and changed its name from American Resource Management, Inc. to Puissant Industries, Inc. on March 17, 2011.
	The Company owns 100% of ARM Operating Company (“ARM”).  ARM was formed on July 12, 2011, primarily to manage all oil and gas properties of the Company, which includes the operation, development, and maintenance of all oil and gas wells, leases, and reserve activities. ARM will be registered as the operator of wells with all relevant governmental agencies, and it will be responsible for maintaining production and maintenance reports for all wells and facilities of the Company.
	Accounting period
	The Company has adopted an annual accounting period of January through December.

Summary_of_significant_account

Summary of significant accounting principles	9 Months Ended
	Sep. 30, 2013
Summary Of Significant Accounting Principles	'
Note 3. Summary of significant accounting principles	'
	Use of estimates
	The preparation of financial statements in conformity with generally accepted accounting principles (“GAAP’) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates particularly significant to the financial statements include the following:
	.	Estimates of our reserves of oil, natural gas and natural gas liquids ("NGL");
	.	Future cash flows from oil and gas properties;
	.	Depreciation, depletion and amortization expense;
	.	Asset retirement obligations;
	.	Fair values of derivative instruments;
	.	Fair values of assets acquired and liabilities assumed from business combinations; and
	.	Natural gas imbalances.
	As fair value is a market-based measurement, it is determined based on the assumptions that market participants would use. These estimates and assumptions are based on management’s best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. Such estimates and assumptions are adjusted when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ from these estimates. Any changes in estimates resulting from continuous changes in the economic environment will be reflected in the financial statements in future periods.
	There are numerous uncertainties in estimating the quantity of reserves and in projecting the future rates of production and timing of development expenditures, including future costs to dismantle, dispose and restore our properties. Oil and gas reserve engineering must be recognized as a subjective process of estimating underground accumulations of oil and gas that cannot be measured in an exact way.
	Cash and cash equivalents
	The Company considers short-term interest bearing investments with initial maturities of three months or less to be cash equivalents. Cash and cash equivalents consist of cash in banks, free credit on investment accounts and money market accounts.
	Foreign currency translation
	The Company complies with Financial Accounting Standard Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 830, “Foreign Currency Matters.” Monetary items are translated at the exchange rate in effect at the balance sheet date; non-monetary items are translated at historical exchange rates. Income and expense items are translated at the average exchange rate for the year. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred.
	Property and equipment
	Property and equipment is stated at cost less accumulated depreciation.  Depreciation is computed using the straight-line method over the estimated useful lives of the assets. Repairs and maintenance are expensed as incurred while betterments and improvements are capitalized. When items are sold or retired, the related cost and accumulated depreciation is removed from the accounts and any gain or loss is included in operations.
	The Company provides for depreciation and amortization over the following estimated useful lives:
	Furniture and fixtures		7-May	years
	Building		39	years
	Land improvements		10	years
	Machinery and equipment		7-May	years
	Computer equipment		3	years
	Office equipment		7	years
	Trucks and trailers		5	years
	Oil and Gas Properties
	Oil and gas investments are accounted for by the successful efforts method of accounting.  Accordingly, the costs incurred to acquire property (proved and unproved), all development costs, and successful exploratory costs are capitalized, whereas the costs of unsuccessful exploratory wells are expensed.
	Depletion
	The provision for depletion of proved oil and gas properties is calculated on the units-of-production method, whereby capitalized costs, as adjusted for future development costs and asset retirement obligations, are amortized over the total estimated proved reserves. The Company calculates depletion on a quarterly basis.
	Inventories
	Inventories, consisting primarily of tubular goods and other well equipment held for use in the development and production of natural gas and crude oil reserves, are carried at the lower of cost or market, on a first-in first-out basis. Adjustments are made from time to time to recognize, as appropriate, any reductions in value.
	Unproved Properties
	Investments in unproved properties are not depleted pending determination of the existence of proved reserves. Unproved properties are assessed periodically to ascertain whether there is a probability of obtaining proved reserves in the future. When it is determined these properties have been promoted to a proved reserve category or there is no longer any probability of obtaining proved reserves from the properties, the costs associated with these properties is transferred into the amortization base to be included in depletion calculations. Unproved properties whose costs are individually significant are assessed individually by considering the primary lease terms of the properties, the holding period of the properties, and geographic and geological data obtained relating to the properties. Where it is not practicable to assess properties individually as their costs are not individually significant, such properties are grouped for purposes of the periodic assessment.
	Long-Lived Assets
	In accordance with Financial Accounting Standard Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 360 “Property, Plant, and Equipment,” the Company records impairment losses on long-lived assets such as oil and gas properties and equipment used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amounts.  There was no impairment charges during the three and nine months ended September 30, 2013 and 2012.
	Impairment of unproved oil and gas properties are determined by FASB ASC Topic 932, “Extractive Activities—Oil and Gas.”
	Fair Value of Financial Instruments
	The fair values of the Company’s assets and liabilities that qualify as financial instruments under FASB ASC Topic 825, “Financial Instruments,” approximate their carrying amounts presented in the accompanying balance sheet at September 30, 2013 and December 31, 2012.
	Market Risk
	Our activities primarily consist of acquiring, owning, enhancing and producing oil and gas properties. The future results of our operations, cash flows and financial condition may be affected by changes in the market price of oil and natural gas. The availability of a ready market for oil and natural gas products in the future will depend on numerous factors beyond our control, including weather, imports, marketing of competitive fuels, proximity and capacity of oil and natural gas pipelines and other transportation facilities, any oversupply or undersupply of oil, natural gas and liquid products, the regulatory environment, the economic environment and, other regional and political events, none of which can be predicted with certainty.
	Oil and Gas Reserve Quantities
	Reserves and their relation to estimated future net cash flows impact our depletion and impairment calculations. As a result, adjustments to depletion are made concurrently with changes to reserve estimates. We disclose reserve estimates, and the projected cash flows derived from these reserve estimates, in accordance with SEC guidelines. Our independent engineers will also adhere to the SEC definitions when preparing their reserve reports.
	Asset Retirement Obligations
	We have significant obligations to plug and abandon oil and natural gas wells and related equipment at the end of oil and natural gas production operations. We incur these liabilities upon acquiring or drilling a well. GAAP requires entities to record the fair value of a liability for an asset retirement obligation (“ARO”) in the period in which it is incurred with a corresponding increase in the carrying amount of the related long-lived asset. Over time, changes in the present value of the liability are accreted and expensed. The capitalized asset costs are depleted as a component of the full cost pool. The fair values of additions to the ARO liability are estimated using present value techniques that convert future cash flows to a single discounted amount. Significant inputs to the valuation include estimates of: (i) plug and abandonment costs per well based on existing regulatory requirements; (ii) remaining life per well; (iii) inflation factors; and (iv) a credit-adjusted risk free rate. Future revisions to ARO estimates will impact the present value of existing ARO liabilities and corresponding adjustments will be made to the capitalized asset retirement costs balance. Upon settlement of the liability, we report a gain or loss to the extent the actual costs differ from the recorded liability.
	Income Taxes
	The Company accounts for income taxes in accordance with FASB ASC Topic 740 “Income Taxes,” which requires accounting for deferred income taxes under the asset and liability method.  Deferred income tax asset and liabilities are computed for the difference between the financial statement and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future based on the enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income.  Valuation allowances are established, when necessary, to reduce the deferred income tax assets to the amount expected to be realized.
	The determination of the Company’s provision for income taxes requires significant judgment, the use of estimates, and the interpretation and application of complex tax laws.  Significant judgment is required in assessing the timing and amounts of deductible and taxable items and the probability of sustaining uncertain tax positions.  The benefits of uncertain tax positions are recorded in the Company’s financial statements only after determining a more-likely-than-not probability that the uncertain tax positions will withstand challenge, if any, from tax authorities.  When facts and circumstances change, the Company reassesses these probabilities and records any changes in the financial statements as appropriate.  Accrued interest and penalties related to income tax matters are classified as a component of income tax expense.
	In accordance with GAAP, the Company is required to determine whether a tax position of the Company is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The Company files an income tax return in the U.S. federal jurisdiction, and may file income tax returns in various U.S. state and local jurisdictions. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement.  De-recognition of a tax benefit previously recognized could result in the Company recording a tax liability that would reduce stockholders’ equity. This policy also provides guidance on thresholds, measurement, de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition that is intended to provide better financial statement comparability among different entities.  It must be applied to all existing tax positions upon initial adoption and the cumulative effect, if any, is to be reported as an adjustment to stockholder’s equity as of January 1, 2009.  Based on its analysis, the Company has determined that the adoption of this policy did not have a material impact on the Company’s financial statements upon adoption. However, management’s conclusions regarding this policy may be subject to review and adjustment at a later date based on factors including, but not limited to, on-going analyses of and changes to tax laws, regulations and interpretations thereof.
	Interest and Penalty Recognition on Unrecognized Tax Benefits
	The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses.
	Comprehensive Income
	The Company complies with FASB ASC Topic 220, “Comprehensive Income,” which establishes rules for the reporting and display of comprehensive income (loss) and its components.
	Loss Per Common Share
	The Company complies with the accounting and disclosure requirements of FASB ASC 260, “Earnings Per Share.” Basic loss per common share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding during the period.  Diluted loss per common share incorporates the dilutive effect of common stock equivalents on an average basis during the period.
	Stock-Based Compensation
	The Company complies with FASB ASC Topic 718 “Compensation – Stock Compensation,” which establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods or services.  It also addresses transactions in which an entity incurs liabilities in exchange for goods or services that are based on the fair value of the entity’s equity instruments or that may be settled by the issuance of those equity instruments. FASB ASC Topic 718 focuses primarily on accounting for transactions in which an entity obtains employee services in share-based payment transactions.  FASB ASC Topic 718 requires an entity to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions).  That cost will be recognized over the period during which an employee is required to provide service in exchange for the award the requisite service period (usually the vesting period).  No compensation costs are recognized for equity instruments for which employees do not render the requisite service.  The grant-date fair value of employee share options and similar instruments will be estimated using option-pricing models adjusted for the unique characteristics of those instruments (unless observable market prices for the same or similar instruments are available).  If an equity award is modified after the grant date, incremental compensation cost will be recognized in an amount equal to the excess of the fair value of the modified award over the fair value of the original award immediately before the modification.  For the nine month periods ended September 30, 2013 and 2012, the Company recorded compensation expense of $-0- and $-0-, respectively.
	Nonemployee awards
	The fair value of equity instruments issued to a nonemployee is measured by using the stock price and other measurement assumptions as of the date of either: (i) a commitment for performance by the nonemployee has been reached; or (ii) the counterparty’s performance is complete.  Expenses related to nonemployee awards are generally recognized in the same period and in the same period as the Company incurs the related liability for goods and services received.  The Company recorded stock compensation of approximately $190,249 and $153,334 during the nine months ended September 30, 2013 and 2012, respectively, related to professional services.
	Valuation of Investments in Securities at Fair Value—Definition and Hierarchy
	FASB ASC Topic 820 “Fair Value Measurements and Disclosures” provides a framework for measuring fair value under generally accepted accounting principles in the United States and requires expanded disclosures regarding fair value measurements.  ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (i.e., the “exit price”) in an orderly transaction between market participants at the measurement date.
	In determining fair value, the Company uses various valuation approaches.  In accordance with GAAP, a fair value hierarchy for inputs is used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available.  Observable inputs are those that market based on market data obtained from sources independent of the Company.  Unobservable inputs reflect the Company’s assumptions about the inputs market participants would use in pricing the asset or liability developed based on the best information available in the circumstances.  FASB ASC Topic 820 establishes a three-tiered fair value hierarchy that prioritizes inputs to valuation techniques used in fair value calculations, as follows:
	Level 1 - Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access.  Valuation adjustments and block discounts are not applied to Level 1 securities.  Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these securities does not entail a significant degree of judgment.
	Level 2 - Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.
Level 3 - Valuations based on inputs that are unobservable and significant to the overall fair value measurement.
The availability of valuation techniques and observable inputs can vary from security to security and is affected by a wide variety of factors including, the type of security, whether the security is new and not yet established in the marketplace, and other characteristics particular to the transaction.  To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment.  Those estimated values do not necessarily represent the amounts that may be ultimately realized due to the occurrence of future circumstances that cannot be reasonably determined.
Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower than the values that would have been used had a ready market for the securities existed. Accordingly, the degree of judgment exercised by the Company in determining fair value is greatest for securities categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement.
Fair value is a market-based measure considered from the perspective of a market participant rather than an entity-specific measure.  Therefore, even when market assumptions are not readily available, the Company’s own assumptions are set to reflect those that market participants would use in pricing the asset or liability at the measurement date.  The Company uses prices and inputs that are current as of the measurement date, including periods of market dislocation.  In periods of market dislocation, the observability of prices and inputs may be reduced for many securities.  This condition could cause a security to be reclassified to a lower level within the fair value hierarchy.
Valuation Techniques
The Company values investments in securities that are freely tradable and are listed on a national securities exchange or reported on the NASDAQ national market at their last sales price as of the last business day of the year.  At September 30, 2013 and 2012, the Company had no investments classified as securities owned on the balance sheet.
Certificate of Deposits
The fair values of the bank certificate of deposits are based on the face value of the certificate of deposits.
Recently Adopted Accounting Pronouncements
In October 2012, the FASB issued ASU No 2012-04, “Technical Corrections and Improvements.”  This Update makes technical corrections, clarifications, and limited-scope improvements to various Topics throughout the Codification. The changes clarify the Codification or correct unintended application of guidance and are not expected to have a significant impact on current accounting practices. The majority of the amendments in this Update are effective immediately with a few limited scope amendments (mainly related to Plan Accounting) that will be effective for fiscal years beginning after December 15, 2012 for public companies. This guidance had no significant impact on the Company’s financials since it was primarily issued to provide corrections and/or clarifications of currently issued guidance.
In January 2013, the FASB issued ASU 2013-01, “Balance Sheet (Topic 210) – Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities.” The main purpose of this Update is to clarify that the disclosures regarding offsetting assets and liabilities per ASU 2011-11 apply to derivatives including embedded derivatives, repurchase agreements and reverse repurchase agreements and securities borrowing and lending transactions that are offset or subject to a master netting agreement. Other types of transactions are not impacted. This Update is effective for fiscal years beginning on or after January 1, 2013 and for all interim periods within that fiscal year. The Company does not expect this update to impact the Company’s financials since it does not have instruments noted in the update that are offset.
In February 2013, the FASB issued ASU 2013-02, “Comprehensive Income (Topic 220) – Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.”  The main purpose of this update is to improve the reporting of reclassifications out of accumulated other comprehensive income. The update requires that the effect of significant reclassifications out of accumulated other comprehensive income be reported on the respective line items in net income if the amount being reclassified in its entirety to net income. Furthermore, information about amounts reclassified out of accumulated other comprehensive income must be shown by component. This update is effective prospectively for reporting periods beginning after December 15, 2012 for public companies. The Company does not expect this update to impact its financials since it does not have any comprehensive income items.  However, if any are noted in the future, the appropriate disclosures will be incorporated.
Concentration of Credit Risk
The Company maintains its cash and cash equivalents in bank deposit accounts, which, at times may exceed federally insured limits.  The Company has not experienced any losses in such accounts.  Management believes the Company is not exposed to any significant credit risk related to cash and cash equivalents.
The Company extends credit, primarily in the form of uncollateralized oil and gas sales to various companies in the oil and gas industry, which results in concentrations of credit risk.  Concentrations of credit risk may be affected by changes in economic or other conditions within our industry and may impact our overall credit risk.  However, we believe that the risk of these unsecured receivables is mitigated by the size, reputation, and nature of the companies to which we extend credit.
Historically, the Company has sold its oil and natural gas production to a relatively small number of purchasers.  We are not dependent upon, or confined to, any one purchaser or small group of purchasers.  Due to the nature of oil and natural gas markets and because oil and natural gas are commodities and there are numerous purchasers in the areas in which we sell production, we do not believe the loss of a single purchaser, or more than one purchaser, would materially affect our ability to sell our production.
For the three and nine months ended September 30, 2013 and 2012, revenues from four customers accounted for 100% of oil and gas production revenues.

Convertible_Bonds_Payable_Rela

Convertible Bonds Payable - Related Parties	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
Note 4. Convertible Bonds Payable - Related Parties	'
	During April 2012 and September 2012, the Company received $20,000 and $8,000, respectively, of proceeds from the issuance of convertible bonds to related parties. The convertible bonds bear interest at 15% per annum and are due 60 months from the date of the bonds.  The bond holder at his sole option may convert all of the principal due into common stock at a price per share of $2.00 per share.

Notes_Payable_Property_and_Min

Notes Payable - Property and Mineral Rights	9 Months Ended
	Sep. 30, 2013
Notes Payable - Property And Mineral Rights	'
Note 5. Notes Payable - Property and Mineral Rights	'
	On August 1, 2011, the Company entered into a property and mineral and property rights purchase agreement (“Agreement”) in exchange for $25,000.  The Agreement provided for a $1,000 down payment, with the balance of $24,000 to be paid in twelve monthly payments of approximately $2,077, which includes interest at 7% per annum. The note was paid in full during the year ended December 31, 2012.
	On October 13, 2011, the Company entered into an agreement (“Agreement) to acquired property and property and mineral rights, in exchange for $50,000.  The Agreement provided for a $500 down payment, with the balance of $49,500 to be paid in 120 payments of approximately $575, which includes interest at 7% per annum.
	Puissant Industries Notes Payable Schedule
	Maturities for the note payable is as follows at December 31:
	2013	$	942
	2014		4,100
	2015		4,400
	2016		4,700
	2017		5,000
	Thereafter		23,340
		$	42,482

Notes_Payable_Shareholders

Notes Payable - Shareholders	9 Months Ended
	Sep. 30, 2013
Notes Payable - Shareholders	'
Note 6. Notes Payable - Shareholders	'
	During the year ended December 31, 2011, the Company borrowed a total of $15,000 from related party shareholders, repaying $11,000 during the year, leaving a balance due of $4,000. These borrowings are non-interest bearing and due on demand.

Common_Stock

Common Stock	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
Note 7. Common Stock	'
	The Company is authorized to issue 90,000,000 shares of common stock with a par value of $0.001. At September 30, 2013 and 2012, 9,228,005 and 6,041,800 shares were issued and outstanding, respectively.

Preferred_Stock

Preferred Stock	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
Note 8. Preferred Stock	'
	The Company is authorized to issue 10,000,000 of preferred stock with a par value of $0.001. At September 30, 2013 and 2012, no shares were issued or outstanding.

Equity

Equity	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
Note 9. Equity	'
	On May 10, 2012, the Company issued 100,000 shares of its $0.001 par value common stock to a professional service organization in exchange for professional services.  We valued these shares at $2.00 per share. The shares were deemed to have been issued pursuant to an exemption provided by Section 4(2) of the Act, which exempts from registration "transactions by an issuer not involving any public offering."
	On August 15, 2012, the Company issued 192,000 shares of its $0.001 par value common stock in exchange for warrants held by shareholders. The shares were deemed to have been issued pursuant to an exemption provided by Section 4(2) of the Act, which exempts from registration "transactions by an issuer not involving any public offering."
	On December 15, 2012, the Company issued a total of 410,400 shares of its $0.001 par value common stock for the purchase of support equipment from three related party companies (136,800 issued to each company).  We valued these shares at $0.25 per share. The shares were deemed to have been issued pursuant to an exemption provided by Section 4(2) of the Act, which exempts from registration "transactions by an issuer not involving any public offering."
	On April 15, 2013, the Company issued 618,722 shares of its $0.001 par value common stock in payment of vendor invoices.  We valued these shares at $0.09 per share. The shares were deemed to have been issued pursuant to an exemption provided by Section 4(2) of the Act, which exempts from registration "transactions by an issuer not involving any public offering."
	On April 19, 2013, the Company issued 250,000 shares of its $0.001 par value common stock in exchange for professional services.  We valued these shares at $0.09 per share.  The shares were deemed to have been issued pursuant to an exemption provided by Section 4(2) of the Act, which exempts from registration "transactions by an issuer not involving any public offering."
	On April 19, 2013, the Company issued 1,265,083 shares of its $0.001 par value common stock in payment of unpaid wages due to two of its officers.  The shares were valued at $0.06 per share. The shares were deemed to have been issued pursuant to an exemption provided by Section 4(2) of the Act, which exempts from registration "transactions by an issuer not involving any public offering."
	On August 16, 2013, The Company issued 250,000 shares of its $0.001 par value common stock for a cash payment of $50,000.  These shares were valued at $0.20 per share.  The shares were deemed to have been issued pursuant to an exemption provided by Section 4(2) of the Act, which exempts from registration "transactions by an issuer not involving any public offering."
	On August 23, 2013, the Company issued 200,000 shares of its $0.001 par value common stock in exchange for professional services. These shares were valued at $0.20 per share.  The shares were deemed to have been issued pursuant to an exemption provided by Section 4(2) of the Act, which exempts from registration "transactions by an issuer not involving any public offering."

Related_Party

Related Party	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
Nore 10. Related Party	'
	During the year ended December 31, 2011, the Company borrowed a total of $15,000 from related party shareholders, repaying $11,000 during the year, leaving a balance due of $4,000.  During the nine months ended September 30, 2012, the Company borrowed an additional $20,000 from related party shareholders.  These borrowings are non-interest bearing and due on demand.
	On December 15, 2012, the Company issued a total of 410,400 shares of its $0.001 par value common stock for the purchase of support equipment from three related party companies. A total of 136,800 shares were issued to each of the following related parties: Sovereign One, Inc., Logos Resources, Inc. and McCrome International, Inc.  We valued these shares at $0.25 per share.
	On April 15, 2013, the Company issued a total of 618,722 shares of its $0.001 par value common stock to ADID Corporation in payment of invoices totaling $55,865.
	On April 19, 2013, the Company issued 1,265,083 shares of its $0.001 par value common stock in payment of unpaid wages of $75,905 due to two of its officers. Mark Holbrook, president and CEO, received 1,216,250 shares and Cora Holbrook, secretary and treasurer, received 48,833 shares. The shares were valued at $0.06 per share.
	The Company is related to several other entities by virtue of common ownership and control, which includes stockholders, employees, attorneys, consultants or companies owned by attorneys, consultants, and family members.

Summary_of_significant_account1

Summary of significant accounting principles (Policies)	9 Months Ended
	Sep. 30, 2013
Summary Of Significant Accounting Principles Policies	'
Use of estimates	'
	The preparation of financial statements in conformity with generally accepted accounting principles (“GAAP’) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates particularly significant to the financial statements include the following:
	.	Estimates of our reserves of oil, natural gas and natural gas liquids ("NGL");
	.	Future cash flows from oil and gas properties;
	.	Depreciation, depletion and amortization expense;
	.	Asset retirement obligations;
	.	Fair values of derivative instruments;
	.	Fair values of assets acquired and liabilities assumed from business combinations; and
	.	Natural gas imbalances.
	As fair value is a market-based measurement, it is determined based on the assumptions that market participants would use. These estimates and assumptions are based on management’s best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment, which management believes to be reasonable under the circumstances. Such estimates and assumptions are adjusted when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ from these estimates. Any changes in estimates resulting from continuous changes in the economic environment will be reflected in the financial statements in future periods.
	There are numerous uncertainties in estimating the quantity of reserves and in projecting the future rates of production and timing of development expenditures, including future costs to dismantle, dispose and restore our properties. Oil and gas reserve engineering must be recognized as a subjective process of estimating underground accumulations of oil and gas that cannot be measured in an exact way.
Cash and cash equivalents	'
	The Company considers short-term interest bearing investments with initial maturities of three months or less to be cash equivalents. Cash and cash equivalents consist of cash in banks, free credit on investment accounts and money market accounts.
Foreign currency translation	'
	The Company complies with Financial Accounting Standard Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 830, “Foreign Currency Matters.” Monetary items are translated at the exchange rate in effect at the balance sheet date; non-monetary items are translated at historical exchange rates. Income and expense items are translated at the average exchange rate for the year. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred.
Property and equipment	'
	Property and equipment is stated at cost less accumulated depreciation.  Depreciation is computed using the straight-line method over the estimated useful lives of the assets. Repairs and maintenance are expensed as incurred while betterments and improvements are capitalized. When items are sold or retired, the related cost and accumulated depreciation is removed from the accounts and any gain or loss is included in operations.
	The Company provides for depreciation and amortization over the following estimated useful lives:
	Furniture and fixtures		7-May	years
	Building		39	years
	Land improvements		10	years
	Machinery and equipment		7-May	years
	Computer equipment		3	years
	Office equipment		7	years
	Trucks and trailers		5	years
Oil and Gas Properties	'
	Oil and gas investments are accounted for by the successful efforts method of accounting.  Accordingly, the costs incurred to acquire property (proved and unproved), all development costs, and successful exploratory costs are capitalized, whereas the costs of unsuccessful exploratory wells are expensed.
Depletion	'
	The provision for depletion of proved oil and gas properties is calculated on the units-of-production method, whereby capitalized costs, as adjusted for future development costs and asset retirement obligations, are amortized over the total estimated proved reserves. The Company calculates depletion on a quarterly basis.
Inventories	'
	Inventories, consisting primarily of tubular goods and other well equipment held for use in the development and production of natural gas and crude oil reserves, are carried at the lower of cost or market, on a first-in first-out basis. Adjustments are made from time to time to recognize, as appropriate, any reductions in value.
Unproved Properties	'
	Investments in unproved properties are not depleted pending determination of the existence of proved reserves. Unproved properties are assessed periodically to ascertain whether there is a probability of obtaining proved reserves in the future. When it is determined these properties have been promoted to a proved reserve category or there is no longer any probability of obtaining proved reserves from the properties, the costs associated with these properties is transferred into the amortization base to be included in depletion calculations. Unproved properties whose costs are individually significant are assessed individually by considering the primary lease terms of the properties, the holding period of the properties, and geographic and geological data obtained relating to the properties. Where it is not practicable to assess properties individually as their costs are not individually significant, such properties are grouped for purposes of the periodic assessment.
Long-Lived Assets	'
	In accordance with Financial Accounting Standard Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 360 “Property, Plant, and Equipment,” the Company records impairment losses on long-lived assets such as oil and gas properties and equipment used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amounts.  There was no impairment charges during the three and nine months ended September 30, 2013 and 2012.
	Impairment of unproved oil and gas properties are determined by FASB ASC Topic 932, “Extractive Activities—Oil and Gas.”
Fair Value of Financial Instruments	'
	The fair values of the Company’s assets and liabilities that qualify as financial instruments under FASB ASC Topic 825, “Financial Instruments,” approximate their carrying amounts presented in the accompanying balance sheet at September 30, 2013 and December 31, 2012.
Market Risk	'
	Our activities primarily consist of acquiring, owning, enhancing and producing oil and gas properties. The future results of our operations, cash flows and financial condition may be affected by changes in the market price of oil and natural gas. The availability of a ready market for oil and natural gas products in the future will depend on numerous factors beyond our control, including weather, imports, marketing of competitive fuels, proximity and capacity of oil and natural gas pipelines and other transportation facilities, any oversupply or undersupply of oil, natural gas and liquid products, the regulatory environment, the economic environment and, other regional and political events, none of which can be predicted with certainty.
Oil and Gas Reserve Quantities	'
	Reserves and their relation to estimated future net cash flows impact our depletion and impairment calculations. As a result, adjustments to depletion are made concurrently with changes to reserve estimates. We disclose reserve estimates, and the projected cash flows derived from these reserve estimates, in accordance with SEC guidelines. Our independent engineers will also adhere to the SEC definitions when preparing their reserve reports.
Asset Retirement Obligations	'
	We have significant obligations to plug and abandon oil and natural gas wells and related equipment at the end of oil and natural gas production operations. We incur these liabilities upon acquiring or drilling a well. GAAP requires entities to record the fair value of a liability for an asset retirement obligation (“ARO”) in the period in which it is incurred with a corresponding increase in the carrying amount of the related long-lived asset. Over time, changes in the present value of the liability are accreted and expensed. The capitalized asset costs are depleted as a component of the full cost pool. The fair values of additions to the ARO liability are estimated using present value techniques that convert future cash flows to a single discounted amount. Significant inputs to the valuation include estimates of: (i) plug and abandonment costs per well based on existing regulatory requirements; (ii) remaining life per well; (iii) inflation factors; and (iv) a credit-adjusted risk free rate. Future revisions to ARO estimates will impact the present value of existing ARO liabilities and corresponding adjustments will be made to the capitalized asset retirement costs balance. Upon settlement of the liability, we report a gain or loss to the extent the actual costs differ from the recorded liability.
Income Taxes	'
	The Company accounts for income taxes in accordance with FASB ASC Topic 740 “Income Taxes,” which requires accounting for deferred income taxes under the asset and liability method.  Deferred income tax asset and liabilities are computed for the difference between the financial statement and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future based on the enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income.  Valuation allowances are established, when necessary, to reduce the deferred income tax assets to the amount expected to be realized.
	The determination of the Company’s provision for income taxes requires significant judgment, the use of estimates, and the interpretation and application of complex tax laws.  Significant judgment is required in assessing the timing and amounts of deductible and taxable items and the probability of sustaining uncertain tax positions.  The benefits of uncertain tax positions are recorded in the Company’s financial statements only after determining a more-likely-than-not probability that the uncertain tax positions will withstand challenge, if any, from tax authorities.  When facts and circumstances change, the Company reassesses these probabilities and records any changes in the financial statements as appropriate.  Accrued interest and penalties related to income tax matters are classified as a component of income tax expense.
	In accordance with GAAP, the Company is required to determine whether a tax position of the Company is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The Company files an income tax return in the U.S. federal jurisdiction, and may file income tax returns in various U.S. state and local jurisdictions. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement.  De-recognition of a tax benefit previously recognized could result in the Company recording a tax liability that would reduce stockholders’ equity. This policy also provides guidance on thresholds, measurement, de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition that is intended to provide better financial statement comparability among different entities.  It must be applied to all existing tax positions upon initial adoption and the cumulative effect, if any, is to be reported as an adjustment to stockholder’s equity as of January 1, 2009.  Based on its analysis, the Company has determined that the adoption of this policy did not have a material impact on the Company’s financial statements upon adoption. However, management’s conclusions regarding this policy may be subject to review and adjustment at a later date based on factors including, but not limited to, on-going analyses of and changes to tax laws, regulations and interpretations thereof.
	Interest and Penalty Recognition on Unrecognized Tax Benefits
	The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses.
Comprehensive Income	'
	The Company complies with FASB ASC Topic 220, “Comprehensive Income,” which establishes rules for the reporting and display of comprehensive income (loss) and its components.
Loss Per Common Share	'
	The Company complies with the accounting and disclosure requirements of FASB ASC 260, “Earnings Per Share.” Basic loss per common share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding during the period.  Diluted loss per common share incorporates the dilutive effect of common stock equivalents on an average basis during the period.
Stock-Based Compensation	'
	The Company complies with FASB ASC Topic 718 “Compensation – Stock Compensation,” which establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods or services.  It also addresses transactions in which an entity incurs liabilities in exchange for goods or services that are based on the fair value of the entity’s equity instruments or that may be settled by the issuance of those equity instruments. FASB ASC Topic 718 focuses primarily on accounting for transactions in which an entity obtains employee services in share-based payment transactions.  FASB ASC Topic 718 requires an entity to measure the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions).  That cost will be recognized over the period during which an employee is required to provide service in exchange for the award the requisite service period (usually the vesting period).  No compensation costs are recognized for equity instruments for which employees do not render the requisite service.  The grant-date fair value of employee share options and similar instruments will be estimated using option-pricing models adjusted for the unique characteristics of those instruments (unless observable market prices for the same or similar instruments are available).  If an equity award is modified after the grant date, incremental compensation cost will be recognized in an amount equal to the excess of the fair value of the modified award over the fair value of the original award immediately before the modification.  For the nine month periods ended September 30, 2013 and 2012, the Company recorded compensation expense of $-0- and $-0-, respectively.
	Nonemployee awards
	The fair value of equity instruments issued to a nonemployee is measured by using the stock price and other measurement assumptions as of the date of either: (i) a commitment for performance by the nonemployee has been reached; or (ii) the counterparty’s performance is complete.  Expenses related to nonemployee awards are generally recognized in the same period and in the same period as the Company incurs the related liability for goods and services received.  The Company recorded stock compensation of approximately $190,249 and $153,334 during the nine months ended September 30, 2013 and 2012, respectively, related to professional services.
Valuation of Investments in Securities at Fair Value - Definition and Hierarchy	'
	FASB ASC Topic 820 “Fair Value Measurements and Disclosures” provides a framework for measuring fair value under generally accepted accounting principles in the United States and requires expanded disclosures regarding fair value measurements.  ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (i.e., the “exit price”) in an orderly transaction between market participants at the measurement date.
	In determining fair value, the Company uses various valuation approaches.  In accordance with GAAP, a fair value hierarchy for inputs is used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available.  Observable inputs are those that market based on market data obtained from sources independent of the Company.  Unobservable inputs reflect the Company’s assumptions about the inputs market participants would use in pricing the asset or liability developed based on the best information available in the circumstances.  FASB ASC Topic 820 establishes a three-tiered fair value hierarchy that prioritizes inputs to valuation techniques used in fair value calculations, as follows:
	Level 1 - Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access.  Valuation adjustments and block discounts are not applied to Level 1 securities.  Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these securities does not entail a significant degree of judgment.
	Level 2 - Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.
	Level 3 - Valuations based on inputs that are unobservable and significant to the overall fair value measurement.
	The availability of valuation techniques and observable inputs can vary from security to security and is affected by a wide variety of factors including, the type of security, whether the security is new and not yet established in the marketplace, and other characteristics particular to the transaction.  To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment.  Those estimated values do not necessarily represent the amounts that may be ultimately realized due to the occurrence of future circumstances that cannot be reasonably determined.
	Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower than the values that would have been used had a ready market for the securities existed. Accordingly, the degree of judgment exercised by the Company in determining fair value is greatest for securities categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement.
	Fair value is a market-based measure considered from the perspective of a market participant rather than an entity-specific measure.  Therefore, even when market assumptions are not readily available, the Company’s own assumptions are set to reflect those that market participants would use in pricing the asset or liability at the measurement date.  The Company uses prices and inputs that are current as of the measurement date, including periods of market dislocation.  In periods of market dislocation, the observability of prices and inputs may be reduced for many securities.  This condition could cause a security to be reclassified to a lower level within the fair value hierarchy.
	Valuation Techniques
	The Company values investments in securities that are freely tradable and are listed on a national securities exchange or reported on the NASDAQ national market at their last sales price as of the last business day of the year.  At September 30, 2013 and 2012, the Company had no investments classified as securities owned on the balance sheet.
Certificate of Deposits	'
	The fair values of the bank certificate of deposits are based on the face value of the certificate of deposits.
Recently Adopted Accounting Pronouncements	'
	In October 2012, the FASB issued ASU No 2012-04, “Technical Corrections and Improvements.”  This Update makes technical corrections, clarifications, and limited-scope improvements to various Topics throughout the Codification. The changes clarify the Codification or correct unintended application of guidance and are not expected to have a significant impact on current accounting practices. The majority of the amendments in this Update are effective immediately with a few limited scope amendments (mainly related to Plan Accounting) that will be effective for fiscal years beginning after December 15, 2012 for public companies. This guidance had no significant impact on the Company’s financials since it was primarily issued to provide corrections and/or clarifications of currently issued guidance.
	In January 2013, the FASB issued ASU 2013-01, “Balance Sheet (Topic 210) – Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities.” The main purpose of this Update is to clarify that the disclosures regarding offsetting assets and liabilities per ASU 2011-11 apply to derivatives including embedded derivatives, repurchase agreements and reverse repurchase agreements and securities borrowing and lending transactions that are offset or subject to a master netting agreement. Other types of transactions are not impacted. This Update is effective for fiscal years beginning on or after January 1, 2013 and for all interim periods within that fiscal year. The Company does not expect this update to impact the Company’s financials since it does not have instruments noted in the update that are offset.
	In February 2013, the FASB issued ASU 2013-02, “Comprehensive Income (Topic 220) – Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.”  The main purpose of this update is to improve the reporting of reclassifications out of accumulated other comprehensive income. The update requires that the effect of significant reclassifications out of accumulated other comprehensive income be reported on the respective line items in net income if the amount being reclassified in its entirety to net income. Furthermore, information about amounts reclassified out of accumulated other comprehensive income must be shown by component. This update is effective prospectively for reporting periods beginning after December 15, 2012 for public companies. The Company does not expect this update to impact its financials since it does not have any comprehensive income items.  However, if any are noted in the future, the appropriate disclosures will be incorporated.
Concentration of Credit Risk	'
	The Company maintains its cash and cash equivalents in bank deposit accounts, which, at times may exceed federally insured limits.  The Company has not experienced any losses in such accounts.  Management believes the Company is not exposed to any significant credit risk related to cash and cash equivalents.
	The Company extends credit, primarily in the form of uncollateralized oil and gas sales to various companies in the oil and gas industry, which results in concentrations of credit risk.  Concentrations of credit risk may be affected by changes in economic or other conditions within our industry and may impact our overall credit risk.  However, we believe that the risk of these unsecured receivables is mitigated by the size, reputation, and nature of the companies to which we extend credit.
	Historically, the Company has sold its oil and natural gas production to a relatively small number of purchasers.  We are not dependent upon, or confined to, any one purchaser or small group of purchasers.  Due to the nature of oil and natural gas markets and because oil and natural gas are commodities and there are numerous purchasers in the areas in which we sell production, we do not believe the loss of a single purchaser, or more than one purchaser, would materially affect our ability to sell our production.
	For the three and nine months ended September 30, 2013 and 2012, revenues from four customers accounted for 100% of oil and gas production revenues.

Summary_of_significant_account2

Summary of significant accounting principles (Tables)	9 Months Ended
	Sep. 30, 2013
Summary Of Significant Accounting Principles Tables	'
Property and equipment	'
	The Company provides for depreciation and amortization over the following estimated useful lives:
	Furniture and fixtures	7-May	years
	Building	39	years
	Land improvements	10	years
	Machinery and equipment	7-May	years
	Computer equipment	3	years
	Office equipment	7	years
	Trucks and trailers	5	years

Notes_Payable_Property_and_Min1

Notes Payable - Property and Mineral Rights (Tables)	9 Months Ended
	Sep. 30, 2013
Notes to Financial Statements	'
Maturity Of Notes Payable	'
	Maturities for the note payable is as follows at December 31:
	2013	$	942
	2014		4,100
	2015		4,400
	2016		4,700
	2017		5,000
	Thereafter		23,340
		$	42,482

Summary_of_significant_account3

Summary of significant accounting principles (Details)	9 Months Ended
	Sep. 30, 2013
Building [Member]	'
Estimated useful lives	'39 years
Land Improvements [Member]	'
Estimated useful lives	'10 years
Machinery and Equipment [Member] | Minimum [Member]	'
Estimated useful lives	'5 years
Machinery and Equipment [Member] | Maximum [Member]	'
Estimated useful lives	'7 years
Computer Equipment [Member]	'
Estimated useful lives	'3 years
Office Equipment [Member]	'
Estimated useful lives	'7 years
Trucks and trailers [Member]	'
Estimated useful lives	'5 years
Furniture and fixtures [Member] | Minimum [Member]	'
Estimated useful lives	'5 years
Furniture and fixtures [Member] | Maximum [Member]	'
Estimated useful lives	'7 years

Summary_of_significant_account4

Summary of significant accounting principles (Details Narrative) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Stock compensation expense	'	'	0	0
Four customers [Member]	'	'	'	'
Oil and gas production revenues	100.00%	100.00%	100.00%	100.00%
Nonemployee awards [Member]	'	'	'	'
Stock compensation expense	'	'	190,249	153,334

Notes_Payable_Property_and_Min2

Notes Payable - Property and Mineral Rights (Details) (USD $)	Dec. 31, 2012
Notes Payable - Property And Mineral Rights Details	'
2013	$942
2014	4,100
2015	4,400
2016	4,700
2017	5,000
Therafter	23,340
Maturities of notes payable, total	$42,482

Common_Stock_Details_Narrative

Common Stock (Details Narrative) (USD $)	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2012
Common Stock Details Narrative	'	'	'
Common Stock, Authorized	90,000,000	90,000,000	'
Common Stock, Par value	$0.00	$0.00	'
Common Stock, Issued	9,228,005	6,644,200	6,041,800
Common Stock, Outstanding	9,228,005	6,644,200	6,041,800

Preferred_Stock_Details_Narrat

Preferred Stock (Details Narrative) (USD $)	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2012
Preferred Stock Details Narrative	'	'	'
Preferred Stock, Authorized	10,000,000	10,000,000	'
Preferred Stock, Par value	$0.00	$0.00	'
Preferred Stock, Issued	0	0	0
Preferred Stock, Outstanding	0	0	0

Related_Party_Details_Narrativ

Related Party (Details Narrative) (USD $)	9 Months Ended
	Sep. 30, 2012
Related Party Details Narrative	'
Additional borrowings from related party shareholders	$20,000