Victory Oilfield Tech (VYEY) 10-K 15 Apr 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Mar. 31, 2014	Jun. 28, 2013
Document And Entity Information	'	'	'
Entity Registrant Name	'VICTORY ENERGY CORP	'	'
Entity Central Index Key	'0000700764	'	'
Document Type	'10-K	'	'
Document Period End Date	31-Dec-13	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity a Well-known Seasoned Issuer	'No	'	'
Entity a Voluntary Filer	'No	'	'
Entity's Reporting Status Current	'Yes	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Public Float	'	'	$5,224,799
Entity Common Stock Shares Outstanding	'	27,563,619	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'
Trading Symbol	'VYEY	'	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Dec. 31, 2012
Current Assets	'	'
Cash and cash equivalents	$20,858	$158,165
Accounts receivable - less allowance for doubtful accounts of $200,000, and $200,000 for 2013 and 2012, respectively	116,542	157,481
Accounts receivable - affiliate	68,571	'
Prepaid expenses	38,663	68,693
Total current assets	244,634	384,339
Fixed Assets	'	'
Furniture and equipment	43,173	43,173
Accumulated depreciation	-11,597	-5,521
Total furniture and fixtures, net	31,576	37,652
Oil gas properties, net of impairment (successful efforts method)	3,715,648	2,583,504
Accumulated depletion, depreciation and amortization	-1,517,836	-1,145,514
Total oil and gas properties, net	2,197,812	1,437,990
Total Assets	2,474,022	1,859,981
Current Liabilities	'	'
Accounts payable	351,435	4,339
Accrued interest	'	25,639
Accrued liabilities	196,913	216,444
Accrued liabilities - related parties	18,542	17,504
Liability for unauthorized preferred stock issued	9,283	9,283
Total current liabilities	576,173	273,209
Other Liabilities	'	'
Asset retirement obligation	51,954	39,905
Total long term liabilities	51,954	39,905
Total liabilities	628,127	313,114
Stockholders' Equity	'	'
Common stock, $0.001 par value, 47,500,000 shares authorized, 27,563,619 shares and 27,563,619 shares issued and outstanding for 2013 and 2012, respectively	27,564	27,564
Additional paid in capital	34,404,239	34,325,073
Accumulated deficit	-36,901,894	-35,215,267
Total Victory Energy Corporation stockholders' deficit	-2,470,091	-862,630
Non-controlling interest	4,315,986	2,409,497
Total stockholders' equity	1,845,895	1,546,867
Total Liabilities and Stockholders' Equity	$2,474,022	$1,859,981

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Consolidated Balance Sheets Parenthetical	'	'
Accounts receivable - less allowance for doubtful accounts	$200,000	$200,000
Common Stock, par value	$0.00	$0.00
Common Stock, shares authorized	47,500,000	47,500,000
Common Stock, issued	27,563,619	27,563,619
Common Stock, outstanding	27,563,619	27,563,619

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Revenues	'	'
Oil and gas sales	$735,413	$326,384
Total revenues	735,413	326,384
Operating Expenses:	'	'
Lease operating costs	203,132	126,131
Dry hole costs	93,295	54,678
Production taxes	44,218	24,649
Exploration	18,828	266,514
General and administrative	1,507,740	2,823,939
Impairment of oil and natural gas properties	640,583	344,353
Depreciation/depletion/amortization	378,398	51,172
Gain on sale of oil and gas properties	-20,765	-275,489
Total operating expenses	2,865,429	3,415,947
Loss from operations	-2,130,016	-3,089,563
Other Income (Expense):	'	'
Management fee income	14,708	'
Interest expense	-830	-4,009,979
Total other income and expense	13,878	-4,009,979
Loss before Tax Benefit	-2,116,138	-7,099,542
Tax benefit	'	'
Net loss	-2,116,138	-7,099,542
Less: Net loss attributable to non-controlling interest	-429,511	-359,864
Net loss attributable to Victory Energy Corporation	($1,686,627)	($6,739,678)
Weighted average shares, basic and diluted	27,563,619	23,292,609
Net loss per share, basic and diluted	($0.06)	($0.29)

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOW (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES	'	'
Net loss	($2,116,138)	($7,099,542)
Adjustments to reconcile net loss to net cash used in operating activities	'	'
Accretion of asset retirement obligation	3,119	2,899
Amortization of debt discount and financing warrants	'	348,198
Unamortized discount on debentures converted to common stock	'	3,661,781
Depletion, depreciation, and amortization	378,398	48,273
Gain from sale of oil and gas assets	-20,765	-275,489
Bad debt expense	'	200,000
Impairment of oil and natural gas properties	640,583	344,353
Stock based compensation	52,106	191,719
Stock grants in exchange for services	'	17,500
Warrants for services	27,060	496,979
Change in operating assets and liabilities	'	'
Accounts receivable	40,939	-278,296
Accounts receivable - affiliate	-68,571	'
Prepaid expense	30,030	-39,138
Accounts payable	347,096	-322,634
Accounts payable - related parties	1,038	17,504
Accrued interest	-25,639	'
Accrued liabilities	-19,531	36,465
Net cash used in operating activities	-730,275	-2,649,428
CASH FLOWS FROM INVESTING ACTIVITIES	'	'
Drilling costs	-2,196,482	-8,925
Sale-farm out of leaseholds	160,000	'
Acquisition of oil and gas properties	-81,550	-675,058
Proceeds from sale of oil and gas properties	375,000	200,000
Purchase of furniture and fixtures	'	-32,550
Net cash used in investing activities	-1,743,032	-516,533
CASH FLOWS FROM FINANCING ACTIVITIES	'	'
Proceeds from issuance of senior secured convertible debentures	'	1,815,000
Non-controlling interest contributions	2,336,000	1,089,900
Non-controlling interest distributions	'	-61,472
Exercise of warrants for cash	'	5,075
Net cash provided by financing activities	2,336,000	2,848,503
Net Change in Cash and Cash Equivalents	-137,307	-317,458
Beginning Cash and Cash Equivalents	158,165	475,623
Ending Cash and Cash Equivalents	20,858	158,165
Non-cash investing and financing activities:	'	'
Preferred stock converted to common stock	'	167,059
Debentures exchanged for common stock	'	$4,649,775

CONSOLIDATED_STATEMENTS_OF_STO

CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY (USD $)	Common Stock $0.001 Par Value	Additional Paid-In Capital	Accumulated Deficit	Noncontrolling Interest	Total
Beginning Balance, Amount at Dec. 31, 2011	$382,308	$26,627,222	($28,475,589)	$1,740,933	$274,874
Beginning Balance, Shares at Dec. 31, 2011	7,647,494	'	'	'	'
Distributions to noncontrolling interest owners	'	'	'	-61,472	-61,472
Contributions from noncontrolling interest owners	'	'	'	1,089,900	1,089,900
Beneficial conversion feature on convertible debentures	'	1,753,359	'	'	1,753,359
Fair value of warrant attached to convertible debentures	'	61,641	'	'	61,641
Unauthorized preferred stock converted to common stock, Shares	340,000	'	'	'	'
Unauthorized preferred stock converted to common stock, Amount	357	166,702	'	'	167,059
Debentures converted to common stock, Shares	19,505,523	'	'	'	'
Debentures converted to common stock, Amount	19,505	4,630,270	'	'	4,649,775
Stock based compensation	'	191,719	'	'	191,719
Warrants in exchange for services	'	496,979	'	'	496,979
Stock grants in exchange for services, Shares	50,000	'	'	'	'
Stock grants in exchange for services, Amount	50	17,450	'	'	17,500
Exercise of warrants for cash, Shares	20,602	'	'	'	'
Exercise of warrants for cash, Amount	'	5,075	'	'	5,075
Reclassification to correct par value presentation for effect of reverse stock split	-374,656	374,656	'	'	'
Net loss	'	'	-6,739,678	-359,864	-7,099,542
Ending Balance, Amount at Dec. 31, 2012	27,564	34,325,073	-35,215,267	2,409,497	1,546,867
Ending Balance, Shares at Dec. 31, 2012	27,563,619	'	'	'	'
Distributions to noncontrolling interest owners	'	'	'	'	'
Contributions from noncontrolling interest owners	'	'	'	2,336,000	2,336,000
Unauthorized preferred stock converted to common stock, Amount	'	'	'	'	'
Debentures converted to common stock, Amount	'	'	'	'	'
Stock based compensation	'	52,106	'	'	52,106
Warrants in exchange for services	'	27,060	'	'	27,060
Stock grants in exchange for services, Amount	'	'	'	'	'
Exercise of warrants for cash, Amount	'	'	'	'	'
Net loss	'	'	-1,686,627	-429,511	-2,116,138
Ending Balance, Amount at Dec. 31, 2013	$27,564	$34,404,239	($36,901,894)	$4,315,986	$1,845,895
Ending Balance, Shares at Dec. 31, 2013	27,563,619	'	'	'	'

Organization_and_Summary_of_Si

Organization and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2013
Organization And Summary Of Significant Accounting Policies	'
1. Organization and Summary of Significant Accounting Policies	'
	Victory Energy Corporation (Victory or the Company) is an independent, growth oriented oil and natural gas company engaged in the acquisition, exploration and production of oil and natural gas properties, through its partnership with Aurora Energy Partners. In this report, “the Company” refers to the consolidated accounts and presentation of Victory and Aurora, with the equity of non-controlling interests stated separately. The Company is engaged in the exploration, acquisition, development, and production of domestic oil and natural gas properties. Current operations are primarily located onshore in Texas and New Mexico. The Company was organized under the laws of the State of Nevada on January 7, 1982. The Company is authorized to issue 47,500,000 shares of $0.001 par value common stock, and has 27,563,619 shares of common stock outstanding as of December 31, 2013. On January 12, 2012 the Company implemented a 50:1 reverse stock split. All information is this form 10K reflects the recent stock split. Our corporate headquarters are located at 3355 Bee Caves Rd. Ste. 608, Austin, TX 78746.
	A summary of significant accounting policies followed in the preparation of the accompanying consolidated financial statements is set forth below.
	Basis of Presentation and Consolidation:
	Victory is the managing partner of Aurora Energy Partners, a Texas General Partnership (“Aurora”), and holds a 50% partnership interest in Aurora. Aurora is consolidated with Victory for financial statement purposes, as the terms of the partnership agreement give Victory effective control of the partnership. The consolidated financial statements include the accounts of Victory and the accounts of Aurora. The Company’s management, in considering accounting policies pertaining to consolidation, has reviewed the relevant accounting literature. The Company follows that literature, in assessing whether the rights of the non-controlling interests should overcome the presumption of consolidation when a majority voting, or controlling interest in its investee “is a matter of judgment that depends on facts and circumstances.” In applying the circumstances and contractual provisions of the partnership agreement, management determined that the non-controlling rights do not, individually or in the aggregate, provide for the non-controlling interest to “effectively participate in significant decisions that would be expected to be made in the ordinary course of business.” The rights of the non-controlling interest are protective in nature. All intercompany balances have been eliminated in consolidation.
	Non-controlling Interests:
	The Navitus Energy Group is a partner with Victory in Aurora. The two partners each own a 50% interest in Aurora. Victory is the Managing partner and has contractual authority to manage the business affairs of Aurora. The Navitus Energy Group currently has four partners. They are James Capital Consulting, LLC ("JCC"), James Capital Energy, LLC ("JCE"), Rodinia Partners, LLC and Navitus Partners, LLC. Although this partnership has been in place since January 2008, its members and other elements have changed since that time.
	The non-controlling interest in Aurora is held by Navitus Energy Group, a Texas general partnership. As of December 31, 2013, $4,315,986 was recorded as the equity of the non-controlling interest in our consolidated balance sheet representing the third-party investment in Aurora, with losses attributable to non-controlling interests of $429,511 for the year ended December 31, 2013. As of December 31, 2012, $2,409,497 was recorded as the equity of the non-controlling interest in our consolidated balance sheet representing the third-party investment in Aurora, with losses attributable to the non-controlling interests of $359,864 for the year ended December 31, 2012.
	Reclassifications:
	Certain reclassifications have been made between common stock and additional paid-in capital on the December 31, 2012 Condensed Consolidated Balance Sheet to conform to the presentation on the current period Condensed Consolidated Balance Sheet and reflect the 50:1 reverse stock split. These reclassifications had no impact on the net income for the year ended December 31, 2012 or total stockholder’s equity at December 31, 2012.
	Use of Estimates:
	The preparation of our consolidated financial statements in conformity with U.S. Generally Accepted Accounting Principles (“GAAP”) requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates are used primarily when accounting for depreciation, depletion, and amortization (“DD&A”) expense, property costs, estimated future net cash flows from proved reserves, cost to abandon oil and natural gas properties, taxes, accruals of capitalized costs, operating costs and production revenue, capitalized general and administrative costs and interest, insurance recoveries, effectiveness and estimated fair value of derivative positions, the purchase price allocation on properties acquired, various common stock, warrants and option transactions, and contingencies.
	Oil and Natural Gas Properties:
	We follow the successful efforts method of accounting for oil and natural gas properties. Under this method, all costs associated with property acquisitions, successful exploratory wells, all development wells, including dry hole development wells, and asset retirement obligation assets are capitalized. Additionally, interest is capitalized while wells are being drilled and the underlying property is in development. Costs of exploratory wells are capitalized pending determination of whether each well has resulted in the discovery of proved reserves. Oil and natural gas mineral leasehold costs are capitalized as incurred. Items charged to expense generally include geological and geophysical costs, costs of unsuccessful exploratory wells, and oil and natural gas production costs. Capitalized costs of proved properties including associated salvage are depleted on a well-by-well basis using the units-of-production method based upon proved producing oil and natural gas reserves. The depletion rate is the current period production as a percentage of the total proved producing reserves. The depletion rate is applied to the net book value of property costs to calculate the depletion expense. Proved reserves materially impact depletion expense. If the proved reserves decline, then the depletion rate (the rate at which we record depletion expense) increases, reducing net income. Dispositions of oil and natural gas properties are accounted for as adjustments to capitalized costs with gain or loss recognized upon sale. A gain (loss) is recognized to the extent the sales price exceeds or is less than original cost or the carrying value, net of impairment. Oil and natural gas properties are also reviewed for impairment at the end of each reporting period. Unproved property costs are excluded from depletable costs until the related properties are developed. See impairment discussed in “Long-lived Assets and Intangible Assets” below.
	We depreciate other property and equipment using the straight-line method based on estimated useful lives ranging from five to 10 years.
	The Company recorded impairment expense of $640,583 and $344,353 for 2013 and 2012 respectively, upon determining that the oil and natural gas properties were impaired.
	Long-lived Assets and Intangible Assets
	The Company accounts for intangible assets in accordance with ASC 360, “Property, Plant and Equipment.” Intangible assets that have defined lives are subject to amortization over the useful life of the assets. Intangible assets held having no contractual factors or other factors limiting the useful life of the asset are not subject to amortization but are reviewed at least annually for impairment or when indicators suggest that impairment may be needed. Intangible assets are subject to impairment review at least annually or when there is an indication that an asset has been impaired.
	For unproved property costs, management reviews for impairment on a property-by-property basis if a triggering event should occur that may suggest that impairment may be required.
	The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If the carrying amount of the asset, including any intangible assets associated with that asset, exceeds its estimated future undiscounted net cash flows, the Company will recognize an impairment loss equal to the difference between its carrying amount and its estimated fair value. The fair value used to calculate the impairment for producing oil and natural gas field that produces from a common reservoir is the estimated future net cash flows discounted at 10%, which the Company believes approximates fair value.
	Asset Retirement Obligations:
	U.S. GAAP requires us to record our estimate of the fair value of liabilities related to future asset retirement obligations in the period the obligation is incurred. Asset retirement obligations relate to the plugging and abandonment of oil and natural gas wells and removal of facilities and tangible equipment at the end of an oil and natural gas property’s useful life. The application of this rule requires the use of management’s estimates with respect to future abandonment costs, inflation, market risk premiums, useful life and cost of capital. U.S. GAAP requires that our estimate of our asset retirement obligations does not give consideration to the value the related assets could have to other parties.
	The following table is a reconciliation of the ARO liability for for the twelve months ended December 31, 2013 and 2012.
		Years Ended
		December 31,
		2013		2012
	Asset retirement obligation at beginning of period	$	39,905	$	30,004
	Liabilities incurred		8,930		7,002
	Revisions to previous estimates				0
	Accretion expense		3,119		2,899
	Asset retirement obligation at end of period	$	51,954	$	39,905
	Other Property and Equipment:
	Our office equipment in Austin, Texas is being depreciated on the straight-line method over the estimated useful life of 5 to 7 years.
	Cash and Cash Equivalents:
	The Company considers all liquid investments with original maturities of three months or less from the date of purchase that are readily convertible into cash to be cash equivalents. The Company had no cash equivalents at December 31, 2013 and December 31, 2012 respectively.
	Accounts Receivable:
	Our accounts receivable are primarily from purchasers of natural gas and oil and exploration and production companies which own an interest in properties we operate.
	Allowance for Doubtful Accounts:
	The Company recognizes an allowance for doubtful accounts to ensure trade receivables are not overstated due to un-collectibility. Allowance for doubtful accounts are maintained for all customers based on a variety of factors, including the length of time receivables are past due, macroeconomic conditions, significant one-time events and historical experience. An additional allowance for individual accounts is recorded when they become aware of a customer’s inability to meet its financial obligations, such as in the case of bankruptcy filings or deterioration in the customer’s operating results or financial position. If circumstances related to customers change, estimates of the recoverability of receivables would be further adjusted. As of December 31, 2013 and 2012, the Company has deemed $200,000 from the sale of oil and gas properties associated with the Jones County prospect, to be doubtful and thus, has recorded this amount as an allowance for doubtful accounts.
	Fair Value:
	At December 31, 2013 and 2012, the carrying value of the Company's financial instruments such as prepaid expenses and payables approximated their fair values based on the short-term maturities of these instruments. The carrying value of other liabilities approximated their fair values because the underlying interest rates approximate market rates at the balance sheet dates. Management believes that due to the Company's current credit worthiness, the fair value of debt could be less than the book value; however, due to current market conditions and available information, the fair value of such debt is not readily determinable. Financial Accounting Standard Board ("FASB") ASC Topic 820 established a hierarchical disclosure framework associated with the level of pricing observability utilized in measuring fair value. This framework defined three levels of inputs to the fair value measurement process and requires that each fair value measurement be assigned to a level corresponding to the lowest level input that is significant to the fair value measurement in its entirety. The three broad levels of inputs defined by FASB ASC Topic 820 hierarchy are as follows:
	Level 1 - quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date;
	Leve1 2 - inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. If the asset or liability has a specified (contractual) term, a Leve1 2 input must be observable for substantially the full term of the asset or liability; and
	Leve1 3 - unobservable inputs for the asset or liability. These unobservable inputs reflect the entity's own assumptions about the assumptions that market participants would use in pricing the asset or liability and are developed based on the best information available in the circumstances (which might include the reporting entity's own data).
	The initial measurement of asset retirement obligations is calculated using discounted cash flow techniques and based on internal estimates of future retirement costs associated with proved oil and gas properties. Inputs used in the calculation of asset retirement obligations include plugging costs and reserve lives. A reconciliation of Victory’s asset retirement obligations is presented in Note 1.
	During 2013, proved oil and gas properties with a carrying value of $890,818 were written down, based upon engineering estimates, to their fair value of $250,055, resulting in impairment charges of $640,583. During 2012, proved oil and gas properties with a carrying value of $395,463 were written down, based upon engineering estimates, to their fair value of $51,110, resulting in impairment charges of $344,353. Significant Level 3 assumptions associated with the calculation of discounted cash flows used in the impairment analysis include Victory’s estimate of future crude oil and natural gas prices, production costs, development expenditures, anticipated production of proved reserves, appropriate risk-adjusted discount rates and other relevant data; primarily derived from a third party independent reserve report.
	Revenue Recognition:
	The Company uses the sales method of accounting for oil and natural gas revenues. Under this method, revenues are recognized based on actual volumes of gas and oil sold to purchasers. The volumes sold may differ from the volumes to which the Company is entitled based on our interests in the properties. Differences between volumes sold and entitled volumes create oil and natural gas imbalances which are generally reflected as adjustments to reported proved oil and natural gas reserves and future cash flows in their supplemental oil and natural gas disclosures. If their excess takes of natural gas or oil exceed their estimated remaining proved reserves for a property, a natural gas or oil imbalance liability is recorded in the Consolidated Balance Sheets.
	Concentrations:
	There is a ready market for the sale of crude oil and natural gas. During 2013 and 2012, our gas field and our producing wells sold their respective gas and oil production to one purchaser for each field or well. However, because alternate purchasers of oil and natural gas are readily available at similar prices, we believe that the loss of any of our purchasers would not have a material adverse effect on our financial results. A majority of the Company’s production and reserves are from the Permian Basin of West Texas.
	Earnings per Share:
	Basic earnings per share are computed using the weighted average number of common shares outstanding at December 31, 2013. The weighted average number of common shares outstanding was 27,563,619 at December 31, 2013. Diluted earnings per share reflect the potential dilutive effects of common stock equivalents such as options, warrants and convertible securities. Given the historical and projected future losses of the Company, all potentially dilutive common stock equivalents are considered anti-dilutive. As of December 31, 2013, the Company had 27,563,619 shares of common stock shares outstanding and 5,081,386 of common stock equivalents, comprised of 137,932 unconverted Preferred B shares, 4,793,454 warrants outstanding, and 150,000 stock options outstanding, which were anti-dilutive and not included in the earnings per share calculation As of December 31, 2012, the Company had 27,563,619 shares of common stock shares outstanding and 2,982,218 of common stock equivalents, comprised of 137,932 unconverted Preferred B shares, 2,624,286 warrants outstanding, and 220,000 stock options outstanding, which were anti-dilutive and not included in the earnings per share calculation.
	Income Taxes:
	The Company accounts for income taxes in accordance with ASC 740 “Income Taxes” which requires an asset and liability approach for financial accounting and reporting of income taxes. Deferred income taxes reflect the impact of temporary differences between the amount of assets and liabilities for financial reporting purposes and such amounts as measured by tax laws and regulations. Deferred tax assets include tax loss and credit carry forwards and are reduced by a valuation allowance if, based on available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized.
	Stock-Based Compensation:
	The Company applies ASC 718, “Compensation-Stock Compensation” to account for its issuance of options and warrants to key partners, directors and officers. The standard requires all share-based payments, including employee stock options, warrants and restricted stock, be measured at the fair value of the award and expensed over the requisite service period (generally the vesting period). The fair value of options and warrants granted to key partners, directors and officers is estimated at the date of grant using the Black-Scholes option pricing model by using the historical volatility of the Company’s stock price. The calculation also takes into account the common stock fair market value at the grant date, the exercise price, the expected term of the common stock option or warrant, the dividend yield and the risk-free interest rate.
	The Company from time to time may issue stock options, warrants and restricted stock to acquire goods or services from third parties. Restricted stock, options or warrants issued to third parties are recorded on the basis of their fair value, which is measured as of the date issued. The options or warrants are valued using the Black-Scholes option pricing model on the basis of the market price of the underlying equity instrument on the “valuation date,” which for options and warrants related to contracts that have substantial disincentives to non-performance, is the date of the contract, and for all other contracts is the vesting date. Expense related to the options and warrants is recognized on a straight-line basis over the shorter of the period over which services are to be received or the vesting period.
	The Company recognized stock-based directors fee expense from warrants granted to directors for the years ended December 31, 2013 and 2012 of $27,060 and $73,800, respectively.
	The Company recognized stock-based officer compensation expense from stock options granted to officers and employees of the company for the twelve months ended December 31, 2013 and 2012 of $52,106 and $191,719, respectively.
	Going Concern:
	The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. As presented in the consolidated financial statements, the Company has incurred a net loss of $2,116,138 and $7,099,542 during the years ended December 31, 2013 and 2012, respectively. Though non-cash expenses and allowances were significant during the years ended December 31, 2013 and December 31, 2012, the net cash used in operating activities, or negative cash flows from operating activities, were $730,275 and $2,649,428, respectively.
	The cash proceeds from the sale of the Company’s 10% Senior Secured Convertible Debentures and new contributions to the Aurora partnership by The Navitus Energy Group (“Navitus”) have allowed the Company to continue operations and invest in new oil and natural gas properties. See footnote 3. Management anticipates that operating losses will continue in the near term until new wells are drilled, successfully completed and incremental production increases revenue. As of December 31, 2013 on a year to date basis the Company has invested $2,196,482 in the acquisition of land or the drilling of wells.
	The Company remains in active discussions with Navitus and others related to longer term financing required for our capital expenditures planned for 2014. Without additional outside investment from the sale of equity securities and/or debt financing, our capital expenditures and overhead expenses must be reduced to a level commensurate with available cash flows.
	The accompanying consolidated financial statements are prepared as if the Company will continue as a going concern. The consolidated financial statements do not contain adjustments, including adjustments to recorded assets and liabilities, which might be necessary if the Company were unable to continue as a going concern.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	12 Months Ended
	Dec. 31, 2013
Recent Accounting Pronouncements	'
2. Recent Accounting Pronouncements	'
	Recently Issued Accounting Standards
	In September 2011, the FASB issued Accounting Standard Update (“ASU”) No. 2011-08, “Intangible – Goodwill and Other (Topic 350), Testing Goodwill for Impairment”. The ASU provides an option for an entity to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events or circumstances, an entity determines it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then performing the two-step impairment test is unnecessary. However, if an entity concludes otherwise, then it is required to perform the first step of the two-step impairment test by calculating the fair value of the reporting unit and comparing the fair value with the carrying amount of the reporting unit, as described in paragraph 350-20-35-4. If the carrying amount of a reporting unit exceeds its fair value, then the entity is required to perform the second step of the goodwill impairment test to measure the amount of the impairment loss, if any. Under the ASU, an entity has the option to bypass the qualitative assessment for any reporting unit in any period and proceed directly to performing the first step of the two-step goodwill impairment test. An entity may resume performing the qualitative assessment in any subsequent period. This ASU is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011, and the adoption of this ASU did not have a material effect on the consolidated financial statements.

Oil_and_natural_gas_properties

Oil and natural gas properties	12 Months Ended
	Dec. 31, 2013
Oil And Natural Gas Properties	'
3. Oil and natural gas properties	'
	During 2013 and 2012, the Navitus Energy Group, through its investment in Aurora, contributed $2,336,000 and $1,089,900, respectively. These funds were used primarily for exploration and development of oil and natural gas properties, as well as for other partnership purposes.
	Oil and natural gas properties are comprised of the following:
		December 31,
		2013		2012
	Proved property	$	7,694,412	$	5,283,661
	Unproved property		321,124		776,317
	Work in process		25,897		208,728
	Total oil and natural gas properties, at cost		8,041,433		6,268,706
	Less: accumulated impairment		-4,325,785		(3,685,202	)
	Oil and natural gas properties, net of impairment		3,715,648		2,583,504
	Less: accumulated depletion		-1,517,836		(1,145,514	)
	Oil and natural gas properties, net		2,197,812		1,437,990
	Depletion, depreciation, and amortization expense for the years ended December 31, 2013 and 2012 was $378,398 and $51,172, respectively. During the years ended December 31, 2013 and 2012, the Company recorded impairment losses of $558,120 and $344,353 respectively.

Senior_Secured_Convertible_Deb

Senior Secured Convertible Debentures	12 Months Ended
	Dec. 31, 2013
Senior Secured Convertible Debentures	'
4. Senior Secured Convertible Debentures	'
	All share references have been adjusted to reflect a 50:1 reverse stock split by the Company on January 12, 2012.
	During the years ended December 31, 2011 and December 31, 2012 the Company raised $4,935,000 from accredited investors via 10% Senior Secured Convertible Debentures. Specifically the Company raised $3,120,000 in 2011 and $1,815,000 on February 29, 2012. These debentures were converted to 19,505,523 shares of the Company’s common stock in accordance with the terms of the debenture.
	Terms of the 10% Senior Secured Convertible Debenture are as follows:
	·	The maturity date of the 10% Senior Secured Convertible Debentures is September 30, 2013, but may be extended at the sole discretion of the Company to December 31, 2013.
	·	In connection with the Debenture offering, the Company also issued five (5) year warrants to purchase an aggregate of 104,400 shares of the Company’s common stock at an exercise price of $0.25 per share, subject to customary adjustments for stock splits, stock dividends, recapitalizations and the like.
	·	The Company has the right to force conversion of the 10% Senior Secured Convertible Debentures under certain terms and conditions.
	·	The 10% Senior Secured Convertible Debentures are secured under the terms of a Security Agreement by a security interest in all of the Company’s personal property. The relative fair value of the warrants and beneficial conversion features of the 10% Senior Secured Convertible Debentures were determined at the time of issuance using the methodology prescribed by current accounting guidance.
	The Company converted the debentures in two phases as follows:
	1	During the year ended December 31, 2011 $1,112,500 of the outstanding 10% Senior Secured Convertible Debentures were converted to 4,445,000 shares of the Company’s common stock in accordance with their terms.
	2	In February 2012 the remaining $4,649,775 of the outstanding 10% Senior Secured Convertible Debentures was converted to 19,505,523 shares of the Company’s common stock in accordance with their terms.
	Accounting for the Debentures:
	·	The Company determined the initial fair value of the 10% beneficial conversion feature was approximately $1.7 million.
	·	The initial fair value of the warrants of $61,649 and the beneficial conversion feature of $1,753,351 were recorded by the Company as a discount of $1,815,000, for the year ended December 31, 2012, and which the Company is amortizing to interest expense over the life of the 10% Senior Secured Convertible Debentures.
	·	The beneficial conversion feature of $3,120,000 was recorded by the Company as a discount of $3,120,000 for the year ended December 31, 2011, which the Company amortized to interest expense over the life of the 10% Senior Convertible Debentures.
	Period Ended		Convertible Debentures Raised (Converted)			Beneficial Conversion Value
	12/31/10		$	827,275		$	700,708
	3/31/11		$	910,000		$	910,000
	6/30/11		$	882,500		$	882,500
	9/30/11		$	477,500		$	477,500
	12/31/11		$	850,000		$	850,000
			$	3,947,275		$	3,820,708
	Converted		$	(1,112,500	)	$	(1,618,467	)
	12/31/11		$	2,834,775		$	2,202,241
	12/31/12		$	1,815,000		$	1,753,359
	Subtotal		$	4,649,775		$	3,955,600
	Converted					$	(3,661,781	)
	2/29/12		$	(4,649,775	)	$	(293,819	)
	Outstanding		$	0		$	0
	The senior secured convertible 10% Senior Secured Convertible Debentures consists of the following at December 31:
			31-Dec-12
	Convertible debenture, interest at 10% per annum payable quarterly, due September 30, 2013 with separable warrants		$	2,834,775
	Convertible debenture, interest at 10% per annum payable quarterly, due September 30, 2013 issued in exchange for notes payable and accrued interest to related party			1,815,000
	Subtotal			4,649,775
	Converted to common stock			-4,649,775
	Subtotal			0
	Unamortized debt discount			0
	Net book value		$	0

Liability_for_Unauthorized_Pre

Liability for Unauthorized Preferred Stock Issued	12 Months Ended
	Dec. 31, 2013
Liability For Unauthorized Preferred Stock Issued	'
5. Liability for Unauthorized Preferred Stock Issued	'
	During the year ended December 31, 2006, the Company authorized the issuance of 10,000,000 shares of Preferred Stock, convertible at the shareholder’s option to common stock at the rate of 100 shares of common stock for every share of preferred stock. During the year ended December 31, 2006, the Company issued 715,517 shares of preferred stock for cash of $246,950. The Company subsequently issued additional preferred stock and had several preferred shareholders convert their shares into common stock during the years ended December 31, 2009, 2008, and 2007.
	The Company’s legal counsel determined that the preferred shares had not been duly authorized by the State of Nevada. Since the Company had issued and received consideration for the preferred stock, notwithstanding that the stock was not legally authorized, the Company has presented the preferred stock as a liability in the consolidated balance sheets. The Company has offered to settle the debt with the remaining holders of the unauthorized preferred stock by honoring the terms of conversion of two shares of preferred stock into 100 shares of common stock. The Company intends to cancel the preferred stock once all remaining preferred stockholders have converted.
	There were 68,966 and 238,966 shares of unconverted preferred stock outstanding at December 31, 2013 and December 31, 2012, respectively. The Company needs approximately 138,000 common shares in order to settle the outstanding debt as stated below.
	The remaining liability for the unconverted preferred stock is based on the original cash tendered and consisted of the following as of:
		December 31,
		2013		2012
	Liability for unauthorized preferred stock	$	9,283	$	9,283

Income_Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2013
Income Taxes	'
6. Income Taxes	'
	There was no provision for (benefit of) income taxes for the years ended December 31, 2013 and 2012, after the application of ASC 740 “Income Taxes.”
	The Internal Revenue Code of 1986, as amended, imposes substantial restrictions on the utilization of net operating losses in the event of an “ownership change” of a corporation. Accordingly, a company’s ability to use net operating losses may be limited as prescribed under Internal Revenue Code Section 382 (“IRC Section 382”). Events which may cause limitations in the amount of the net operating losses that the company may use in any one year include, but are not limited to, a cumulative ownership change of more than 50% over a three-year period. There have been transactions that have changed the Company’s ownership structure since inception that may have resulted in one or more ownership changes as defined by the IRC section 382. The Company’s stock issuance arising from convertible debt in 2012 has resulted in a limitation of net operating loss carry forward for the Company of $13,807,335 over a 20 year period.
	At December 31, 2013, the Company had available Federal operating loss carry forwards to reduce future taxable income. Additional Federal net operating loss carry forward of $1,292,821 for 2013 would make available approximately $15,100,156 as of December 31, 2013. The Federal net operating loss carry forward begins to expire in 2028. Capital loss carryovers may only be used to offset capital gains.
	Given the Company’s history of net operating losses, management has determined that it is more likely than not the Company will not be able to realize the tax benefit of the net operating loss carry forwards. ASC 740 requires that a valuation allowance be established when it is more likely than not that all or a portion of deferred tax assets will not be realized.
	Accordingly, the Company has recorded a full valuation allowance against its net deferred tax assets at December 31, 2013 and 2012, respectively. Upon the attainment of taxable income by the Company, management will assess the likelihood of realizing the deferred tax benefit associated with the use of the net operating loss carry forwards and will recognize a deferred tax asset at that time.
	Significant components of the Company’s deferred income tax assets are as follows:
		31-Dec-13			31-Dec-12
	Net operating loss carryforwards	$	5,134,053		$	4,694,494
	Accounts payable and accrued expenses		195,899			92,891
	Equity based expenses		1,727,412			1,700,507
	Accounts receivable and prepaid expenses		-76,017			(76,899	)
	Deferred taxes		6,981,347			6,410,993
	Valuation allowance		-6,981,347			(6,410,993	)
	Net Deferred Income Tax Assets	$	-		$	-
	Reconciliation of the effective income tax rate to the U.S. statutory rate is as follows:
		12/31/13			12/31/12
	Book loss		(34.00	)%		(34.00	)%
	Meals and entertainment		0.05			0.02
	Debt discount accretion		0			18.47
	Net operating loss reduction due IRC 382		0			10.37
	Change in valuation allowance		33.95			5.14
	Effective income tax rate		0	%		0	%
	ASC 740 provides guidance which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. Under the current accounting guidelines, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. As of December 31, 2013 and 2012 the Company does not have a liability for unrecognized tax benefits.
	The Company has elected to include interest and penalties related to uncertain tax positions as a component of income tax expense. To date, no penalties or interest has been accrued.
	Tax years 2010 forward are open and subject to examination by the Federal taxing authority. The Company is not currently under examination and it has not been notified of a pending examination.

Stockholders_Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2013
Stockholders Equity	'
7. Stockholders' Equity	'
	Common stock
	The Company estimates the fair value of employee stock options and warrants granted using the Black-Scholes Option Pricing Model. Key assumptions used to estimate the fair value of warrants and stock options include the exercise price of the award, the fair value of the Company’s common stock on the date of grant, the expected warrant or option term, the risk free interest rate at the date of grant, the expected volatility and the expected annual dividend yield on the Company’s common stock.
	During the year ended December 31, 2013, the Company granted 120,000 warrants for board services. The Company has valued the warrants for services using the Black Scholes Option Pricing Model, at $27,060.
	During the year ended December 31, 2013, the Company granted 60,000 employee stock options and has valued the stock options using the Black Scholes Option Pricing Model, at $7,200.
	During the year ended December 31, 2013, the Company granted 2,336,000 warrants for $2,336,000 in capital contributions through Navitus Partners, LLC.
	During the year ended December 31, 2012, the Company granted 2,044,591 warrants for board services and consulting services valued with the Black Scholes pricing model at $496,979.

Warrants_for_Stock

Warrants for Stock	12 Months Ended
	Dec. 31, 2013
Warrants For Stock	'
8. Warrants for Stock	'
	At December 31, 2013 and 2012 warrants outstanding for common stock of the Company were as follows:
		Number of Shares Underlying Warrants			Weighted Average Exercise Price
	Balance at January 1, 2013		2,695,386		$	1.15
	Granted		2,516,000			0.28
	Exercised		-			-
	Cancelled		-130,000			0.83
	Balance at December 31, 2013		5,081,386		$	0.76
		Number of Shares Underlying Warrants			Weighted Average Exercise Price
	Balance at January 1, 2012		603,145		$	3.26
	Granted		2,115,691			0.52
	Exercised		-20,300			0.25
	Cancelled		-3,150			0.5
	Balance at December 31, 2012		2,695,386		$	1.15
	The following table summarizes information about underlying outstanding warrants for common stock of the Company outstanding and exercisable as of December 31, 2013:
			Warrants Outstanding						Warrants Exercisable
	Range of		Number of Shares			Weighted Average		Weighted Average	Number of Shares		Weighted Average
	Exercise Prices		Underlying Warrants			Exercise Price		Remaining Contractual Life (in years)	Underlying Warrants		Exercise Price
	$12.50 – $17.50			125,245		$	13.03	7.6		125,245	$	13.03
	$0.16 – $2.50			4,956,141		$	0.43	2.9		4,956,141	$	0.43
				5,081,386						5,081,386
	The following table summarizes information about underlying outstanding warrants for common stock of the Company outstanding and exercisable as of December 31, 2012:
			Warrants Outstanding						Warrants Exercisable
	Range of		Number of Shares			Weighted Average		Weighted Average Remaining Contractual Life (in years)	Number of Shares		Weighted Average
	Exercise Prices		Underlying Warrants			Exercise Price			Underlying Warrants		Exercise Price
	$12.50 – $17.50			125,245		$	13.03	8.6		125,245	$	13.03
	$0.25 – $2.50			2,499,041		$	0.56	4.2		2,499,041	$	0.56
				2,624,286						2,624,286
	These common stock purchase warrants do not trade in an active securities market, and as such, we estimate the fair value of these warrants using the Black-Scholes Option Pricing Model using the following assumptions:
		2013			2012
	Risk free interest rates		0.76% 0.92%			0.62% 1.04	%
	Expected life	5 years			5 years
	Estimated volatility		793.4%- 866.2%			514.9% - 577.0	%
	Dividend yield		0	%		0	%
	Expected volatility is based primarily on historical volatility. Historical volatility was computed using daily pricing observations for recent periods that correspond to the expected term of the warrants. We believe this method produces an estimate that is representative of our expectations of future volatility over the expected term of these warrants. We currently have no reason to believe future volatility over the expected term of these warrants is likely to differ materially from historical volatility. The expected term is based on the remaining term of the warrants. The risk-free interest rate is based on U.S. Treasury securities.
	At December 31, 2013 and 2012 the aggregate intrinsic value of the warrants outstanding and exercisable was $17,850 and $43,515, respectively. The intrinsic value of a warrant is the amount by which the market value of the underlying warrant exercise price exceeds the market price of the stock at December 31 of each year.

Stock_Options

Stock Options	12 Months Ended
	Dec. 31, 2013
Stock Options	'
9. Stock Options	'
	The following table summarizes stock option activity in the Company’s stock-based compensation plans for the year ended December 31, 2013. All options issued were non-qualified stock options. All options have been restated for the 1:50 reverse stock split on January 12, 2012.
			Number of				Weighted Average Exercise Price				Aggregate				Number of				Weighted Average Fair Value At
			Options								Intrinsic Value (1)				Options Exercisable				Date of Grant
	Outstanding at December 31, 2011			180,000			$	0.83			$	147,000				80,000
	Granted at Fair Value			130,000			$	0.84								45,000			$	1.32
	Exercised			-				-
	Cancelled			90,000			$	0.83								-
	Outstanding at December 31, 2012			220,000			$	0.84			$	0				125,000
	Granted at Fair Value			60,000			$	0.25								60,000
	Exercised			-				-
	Cancelled			130,000			$	0.25								-35,000
	Outstanding at December 31, 2013			150,000			$	0.25			$	0				150,000
	-1	The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option at December 31, 2013. If the exercise price exceeds the market value, there is no intrinsic value.
	The fair value of the stock option grants are amortized over the respective vesting period using the straight-line method and assuming no forfeitures and cancelations.
	Compensation expense related to stock options included in Exploration Expense and General and Administrative Expense in the accompanying consolidated statements of operations for the years ended December 31, 2013 and December 31, 2012, was $52,106, and $191,719, respectively.
	Stock options are granted at the fair market value of the Company’s common stock on the date of grant. Options granted to officers and other employees vest immediately or over 24 months as provided in the option at the date of grant.
	The fair value of each option granted in 2013 and 2012 was estimated using the Black-Scholes Option Pricing Model. The following assumptions were used to compute the weighted average fair value of options granted during the periods presented.
			2013				2012
	Expected term of option		5 years				0 to 6 years
	Risk free interest rates			0.8	%			0.8	%
	Estimated volatility			817.6	%			541.9 - 585.0	%
	Dividend yield			0	%			0	%
	The following table summarizes information about stock options outstanding at December 31, 2013:
	Range of		Number of		Weighted				Weighted				Aggregate				Number				Weighted Average Exercise		Aggregate
	Exercise Prices		Options		Average				Average				Intrinsic				Exercisable				Price of Exercisable Options		Intrinsic
					Remaining				Exercise				Value (1)										Value (1)
					Contractual				Price
					Life (Years)
	$0.35-1.00		150,000			3.6			$	0.64			$	0				150,000			$	0.64	$	0
	-1	The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option at December 31, 2013. If the exercise price exceeds the market value, there is no intrinsic value.
	The following table summarizes information about options outstanding at December 31, 2012:
	Range of				Number of				Weighted				Weighted				Aggregate				Number		Weighted		Aggregate
	Exercise Prices				Options				Average				Average				Intrinsic				Exercisable		Average		Intrinsic
									Remaining				Exercise				Value (1)						Exercise		Value
									Contractual				Price										Price of Exercisable Options
									Life (Years)
	$0.50 - $1.00					220,000				4.1			$	0.84			$	0				164,378	$	0.78	$	0
	A summary of the Company’s non-vested stock options at December 31, 2013 and December 31, 2012 and changes during the years are presented below.
	Non-Vested Stock Options		Options				Weighted Average Grant Date Fair Value
	Non-Vested at December 31, 2012			55,622			$	0.25
	Granted			60,000			$	0.35
	Vested			14,378			$	0.25
	Forfeited			(130,000	)		$	0.25
	Non-Vested at December 31, 2013			0			$	0.25
	Non-Vested Stock Options		Options				Weighted Average Grant Date Fair Value
	Non-Vested at December 31, 2011			100,000			$	1.35
	Granted			85,000			$	1.36
	Vested			(69,378	)		$	1.26
	Forfeited			(60,000	)		$	1.65
	Non-Vested at December 31, 2012			55,622			$	1.15

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2013
Commitments And Contingencies	'
10. Commitments and Contingencies	'
	Leases
	Rent expense for the years ended December 31, 2013 and 2012 was $27,750 and $23,570, respectively. Future annual minimum payments under non-cancellable operating leases are $13,500 and $0 for the years ending December 31, 2014 and 2015, respectively.
	Litigation
	Cause No. 08-04-07047-CV; Oz Gas Corporation v. Remuda Operating Company, et al. v. Victory Energy Corporation.; In the 112th District Court of Crockett County, Texas.
	Plaintiff Oz Gas Corporation sued Victory Energy Corporation and other parties for bad faith trespass, among other claims, regarding the drilling of two wells on lands that Oz Gas Corporation claims title to. Victory Energy Corporation has a 50% interest in one of the named wells involved in this lawsuit (that being well 155-2 on the Adams Baggett Ranch in Crockett County, Texas). The lawsuit was originally filed against other parties in April 2008, and Victory intervened in the case on November 18, 2009 to protect its interest in the 155-2 well.
	The case was tried in February 2012. The Court found in favor of Oz and rendered verdict against Victory and the other defendants for the sum of $137,000, which was accrued at December 31, 2012. Victory Energy Corporation has appealed this decision to the 8th Court of Appeals in El Paso, Texas, and the case has been fully briefed and submitted. We believe that the trial verdict will be reversed on appeal and that Victory Energy Corporation’s title to the 155-2 will be affirmed.
	Cause No. CV-47,230; James Capital Energy, LLC and Victory Energy Corporation v. Jim Dial, et al.; In the 142nd District Court of Midland County, Texas.
	This lawsuit was filed on January 19, 2010 by James Capital Energy, LLC and Victory Energy Corporation against numerous parties for fraud, fraudulent inducement, negligent misrepresentation, breach of contract, breach of fiduciary duty, trespass, conversion and a few other related causes of action. This lawsuit stems from an investment made by Victory for the purchase of six wells on the Adams Baggett Ranch.
	On December 9, 2010, Victory was granted an interlocutory Default Judgment against Defendants Jim Dial, 1st Texas Natural Gas Company, Inc., Universal Energy Resources, Inc., Grifco International, Inc., and Precision Drilling & Exploration, Inc. The total judgment amounted to $17.2 million. No amounts have been recorded for this matter as of December 31, 2013.
	Recently Victory has added additional parties to this lawsuit. Discovery is ongoing in this case and no trial date has been set at this time.
	Victory believes that it will be victorious against all the remaining Defendants in this case.
	On October 20, 2011, Defendant Remuda filed a Motion to Consolidate and a Counterclaim against Victory. Remuda is seeking to consolidate this case with two other cases in which Remuda is the named Defendant. An objection to this motion was filed and the cases have not been consolidated. Additionally, we do not believe that the counterclaim made by Remuda has any legal merit.
	Cause No. 10-09-07213; Perry Howell, et al. v. Charles Gary Garlitz, et al.; In the 112th District Court of Crockett County, Texas.
	The above referenced lawsuit was filed on September 6, 2010. This lawsuit alleges that Cambrian Management, Ltd. and Victory Energy Corporation trespassed on lands owned by the Plaintiffs in the drilling of the Adams-Baggett 115-8 well in Crockett County, Texas.
	Discovery is ongoing in this case and the case is set for trial in July 2014. Victory Energy Corporation believes that the claims have no merit and that it will prevail at trial.
	Cause No. D-1-GN-13-00044; Aurora Energy Partners and Victory Energy Corporation v. Crooked Oaks; In the 261st District Court of Travis County, Texas.
	The Company has yet to collect an installment balance of $200,000 for the sale of its Jones County, Texas oil and gas interests in May of 2012. The Company believes it will ultimately recover this receivable balance, but has provided an allowance for the entire $200,000 balance, and has not included it in the net accounts receivable balance of the Company’s 2013 and 2012 consolidated financial statements.

Related_Party_Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2013
Related Party Transactions	'
11. Related Party Transactions	'
	During the year ended December 31, 2013 and 2012, we incurred a total of $19,900 and $153,355, respectively, of accounting services with Miranda & Associates, a Professional Accountancy Corporation (“Miranda”). As of December 31, 2013 and 2012, Miranda was owed $6,000 and $825, respectively, for these professional services. One of our directors, Robert J. Miranda, is the managing director of Miranda.
	During the year ended December 31, 2013 we incurred a total of $206,456 and $198,009 in legal fees with The McCall Firm. David McCall, our general counsel and a director, is a partner in The McCall Firm. The fees are attributable to litigation involving the Company’s oil and natural gas operations in Texas. As of December 31, 2013, the Company owed The McCall Firm approximately $9,047 for these professional services.
	During the year ended December 31, 2013 we incurred a total of $3,495 in consulting fees with Patrick Barry, for which the full amount is owed as of December 31, 2013.
	On January 7, 2011, the Company entered into an Employment Agreement with Kenneth Hill, wherein he agreed to serve as Vice President and Chief Operating Officer of the Company. The term of the agreement began on January 10, 2011, and will end upon notice by either party. Mr. Hill will receive a base annual salary of $180,000 per year and he will participate in the Company’s employee benefit plans made available to its executive officers generally.
	On January 7, 2011, the Company entered into an Employment Agreement with Stanley Lindsey, wherein he agreed to serve as Vice President of Exploration and Development of the Company. The term of the agreement began on January 10, 2011 and provided Mr. Lindsey a base annual salary of $180,000 per year and participation in the Company’s employee benefit plans made available to its executive officers generally. As of April 15, 2013, Stan Lindsey is no longer employed by the Company.
	On December 28, 2011 the Company entered into an Employment Agreement with Mark Biggers, wherein he agreed to serve as Chief Financial Officer of the Company. The term of the agreement began on January 10, 2012. Effective November 28, 2012 Mark Biggers resigned from the Company due to personal reasons.

Supplementary_Financial_Inform

Supplementary Financial Information on Oil and Natural Gas Exploration, Development and Production	12 Months Ended
	Dec. 31, 2013
Supplementary Financial Information On Oil And Natural Gas Exploration Development And Production	'
12. Supplementary Financial Information on Oil and Natural Gas Exploration, Development and Production Activities (Unaudited)	'
	The following disclosures provide unaudited information required by ASC 932, “Extractive Activities – Oil and Gas” on oil and natural gas producing activities. These disclosures include non-controlling interests in Aurora which is managed and owned 50% by Victory.
	Results of operations from oil and natural gas producing activities (Successful Efforts Method)
	The Company’s oil and natural gas properties are located within the United States. The Company currently has no operations in foreign jurisdictions. Results of operations from oil and natural gas producing activities are summarized below for the years ended December 31:
			Years Ended December 31,
			2013			2012
	Revenues		$	735,413		$	326,384
	Costs incurred:
	Dry hole costs			93,295			54,678
	Exploration costs			18,828			266,514
	Lease operating costs and production taxes			247,350			150,780
	Impairment of oil and natural gas reserves			640,583			344,353
	Depletion, depreciation and accretion			378,398			58,174
	Totals, costs incurred			1,378,454			874,499
	Pre-tax income (loss) from producing activities			-643,041			-548,115
	Results of oil and natural gas producing activities (excluding overhead, income taxes, and interest costs)		$	-643,041		$	-548,115
	Costs incurred in oil and natural gas property acquisition, exploration and development activities are summarized below for the years ended December 31:
			Years ended December 31,
			2013			2012
	Property acquisition and developmental costs:
	Development		$	2,196,482		$	337,841
	Undrilled leaseholds			81,550			675,058
	Asset retirement obligations			8,930			7,002
	Totals costs incurred		$	2,286,962		$	1,019,901
	Oil and natural gas reserves
	Proved reserves are estimated quantities of oil and natural gas which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions. Proved developed reserves are proved reserves that can reasonably be expected to be recovered through existing wells with existing equipment and operating methods.
	Proved oil and natural gas reserve quantities at December 31, 2013 and 2012 and the related discounted future net cash flows are based on estimates prepared by independent petroleum engineers. Such estimates have been prepared in accordance with guidelines established by the Securities and Exchange Commission.
	Standardized measure
	The Company’s proved oil and natural gas reserves for the years ended December 31, 2013 and December 31, 2012 are shown below:
			Years Ended December 31,
			2013			2012
	Natural gas:
	Proved developed and undeveloped reserves (mcf):			-			-
	Beginning of year			679,410			691,100
	Purchase (sale) of natural gas properties in place			-6,004			-
	Discoveries and extensions			66,680			7,900
	Revisions			27,937			41,992
	Production			-44,833			-61,582
	Proved reserves, at end of year			723,190			679,410
			Years Ended December 31,
			2013			2012
	Oil:
	Proved developed and undeveloped reserves (bbl):			-			-
	Beginning of year			24,290			8,040
	Purchase (sale) of oil producing properties in place			-2,430			-480
	Discoveries and extensions			30,550			10,880
	Revisions			2,420			7,509
	Production			-5,810			-1,659
	Proved reserves, at end of year			49,020			24,290
			Years Ended December 31,
			2013			2012
	Future cash inflows		$	8,174,120		$	5,167,850
	Future costs:
	Production			-3,387,700			-1,640,960
	Development			-555,650			-184,280
	Future cash flows			4,230,770			3,342,610
	10% annual discount for estimated timing of cash flow			-1,808,670			-1,597,290
	Standardized measure of discounted cash flow (a)		$	2,422,100		$	1,745,320
	(a)	Includes $1,211,050 and $872,660 for the twelve months ended December 31, 2013 and 2012, respectively of discounted cash flows attributable to a consolidated subsidiary in which there is a 50% non-controlling interest.
	Using the SEC adjusted guidelines in place for 2013, the gas and oil prices for this analysis were set at the average price received on the “first-day-of-the-month” for 2013, for appropriate differentials. The “benchmark” prices are $94.71 per barrel and $2.76 per MMBTU. The average quarterly product prices for natural gas revenue for 2012 were $5.73/MCF. The average quarterly product price for oil revenue for 2012 ranged from $87.30 to $95.30 per bbl (barrel).
	Future income taxes are based on year-end statutory rates, adjusted for tax basis of oil and natural gas properties and availability of applicable tax assets, such as net operating losses. A discount factor of 10% was used to reflect the timing of future net cash flows.
	The standardized measure of discounted future net cash flows is not intended to represent the replacement cost or fair market value of the Company’s oil and natural gas properties. An estimate of fair value may also take into account, among other things, the recovery of reserves not presently classified as proved, anticipated future changes in prices and costs, and may require a discount factor more representative of the time value of money and the risks inherent in reserve estimates.
	Changes in standardized measure
	Included within standardized measure are reserves purchased in place. The purchase of reserves in place includes undeveloped reserves which were acquired at minimal value that have been estimated by independent reserve engineers to be recoverable through existing wells utilizing equipment and operating methods available to the Company and that are expected to be developed in the near term based on an approved plan of development contingent on available capital.
Changes in the standardized measure of future net cash flows relating to proved oil and natural gas reserves for the years ended December 31 is summarized below:
		2013			2012
Increase (decrease)
Sale of gas and oil, net of operating expenses		$	(473,159	)	$	(175,604	)
Discoveries, extensions and improved recovery, net of future production and development costs			888,160			244,134
Accretion of discount			261,779			319,350
Net increase (decrease)			676,780			387,880
Standardized measure of discounted future cash flows:
Beginning of the year			1,745,320			1,357,440
Before Income Taxes			2,422,100			1,745,320
Income Taxes			(823,500	)		(601,133	)
End of the year		$	1,598,600		$	1,144,187
(a)	Includes $799,300 and $572,094 for the twelve months ended December 31, 2013 and 2012, respectively of reserves attributable to a consolidated subsidiary in which there is a 50% non-controlling interest.

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2013
Subsequent Events	'
13. Subsequent Events	'
	Subsequent to December 31, 2013, Aurora has raised capital contributions of $320,000 through the end of March 31, 2014. It is anticipated that the majority of these funds will continue to be applied in the development of wells. On February 24, 2014 the partnership closed a $26.4 million credit facility with Texas Capital Bank of Dallas, Texas. The credit facility includes a $1.4 million operating base and a $25 million acquisition base.

Organization_and_Summary_of_Si1

Organization and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2013
Organization And Summary Of Significant Accounting Policies Policies	'
Basis of Presentation and Consolidation	'
	Victory is the managing partner of Aurora Energy Partners, a Texas General Partnership (“Aurora”), and holds a 50% partnership interest in Aurora. Aurora is consolidated with Victory for financial statement purposes, as the terms of the partnership agreement give Victory effective control of the partnership. The consolidated financial statements include the accounts of Victory and the accounts of Aurora. The Company’s management, in considering accounting policies pertaining to consolidation, has reviewed the relevant accounting literature. The Company follows that literature, in assessing whether the rights of the non-controlling interests should overcome the presumption of consolidation when a majority voting, or controlling interest in its investee “is a matter of judgment that depends on facts and circumstances.” In applying the circumstances and contractual provisions of the partnership agreement, management determined that the non-controlling rights do not, individually or in the aggregate, provide for the non-controlling interest to “effectively participate in significant decisions that would be expected to be made in the ordinary course of business.” The rights of the non-controlling interest are protective in nature. All intercompany balances have been eliminated in consolidation.
Non-controlling Interests	'
	The Navitus Energy Group is a partner with Victory in Aurora. The two partners each own a 50% interest in Aurora. Victory is the Managing partner and has contractual authority to manage the business affairs of Aurora. The Navitus Energy Group currently has four partners. They are James Capital Consulting, LLC ("JCC"), James Capital Energy, LLC ("JCE"), Rodinia Partners, LLC and Navitus Partners, LLC. Although this partnership has been in place since January 2008, its members and other elements have changed since that time.
	The non-controlling interest in Aurora is held by Navitus Energy Group, a Texas general partnership. As of December 31, 2013, $4,315,986 was recorded as the equity of the non-controlling interest in our consolidated balance sheet representing the third-party investment in Aurora, with losses attributable to non-controlling interests of $429,511 for the year ended December 31, 2013. As of December 31, 2012, $2,409,497 was recorded as the equity of the non-controlling interest in our consolidated balance sheet representing the third-party investment in Aurora, with losses attributable to the non-controlling interests of $359,864 for the year ended December 31, 2012.
Reclassifications	'
	Certain reclassifications have been made between common stock and additional paid-in capital on the December 31, 2012 Condensed Consolidated Balance Sheet to conform to the presentation on the current period Condensed Consolidated Balance Sheet and reflect the 50:1 reverse stock split. These reclassifications had no impact on the net income for the year ended December 31, 2012 or total stockholder’s equity at December 31, 2012.
Use of Estimates	'
	The preparation of our consolidated financial statements in conformity with U.S. Generally Accepted Accounting Principles (“GAAP”) requires our management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates are used primarily when accounting for depreciation, depletion, and amortization (“DD&A”) expense, property costs, estimated future net cash flows from proved reserves, cost to abandon oil and natural gas properties, taxes, accruals of capitalized costs, operating costs and production revenue, capitalized general and administrative costs and interest, insurance recoveries, effectiveness and estimated fair value of derivative positions, the purchase price allocation on properties acquired, various common stock, warrants and option transactions, and contingencies.
Oil and Natural Gas Properties	'
	We follow the successful efforts method of accounting for oil and natural gas properties. Under this method, all costs associated with property acquisitions, successful exploratory wells, all development wells, including dry hole development wells, and asset retirement obligation assets are capitalized. Additionally, interest is capitalized while wells are being drilled and the underlying property is in development. Costs of exploratory wells are capitalized pending determination of whether each well has resulted in the discovery of proved reserves. Oil and natural gas mineral leasehold costs are capitalized as incurred. Items charged to expense generally include geological and geophysical costs, costs of unsuccessful exploratory wells, and oil and natural gas production costs. Capitalized costs of proved properties including associated salvage are depleted on a well-by-well basis using the units-of-production method based upon proved producing oil and natural gas reserves. The depletion rate is the current period production as a percentage of the total proved producing reserves. The depletion rate is applied to the net book value of property costs to calculate the depletion expense. Proved reserves materially impact depletion expense. If the proved reserves decline, then the depletion rate (the rate at which we record depletion expense) increases, reducing net income. Dispositions of oil and natural gas properties are accounted for as adjustments to capitalized costs with gain or loss recognized upon sale. A gain (loss) is recognized to the extent the sales price exceeds or is less than original cost or the carrying value, net of impairment. Oil and natural gas properties are also reviewed for impairment at the end of each reporting period. Unproved property costs are excluded from depletable costs until the related properties are developed. See impairment discussed in “Long-lived Assets and Intangible Assets” below.
	We depreciate other property and equipment using the straight-line method based on estimated useful lives ranging from five to 10 years.
	The Company recorded impairment expense of $640,583 and $344,353 for 2013 and 2012 respectively, upon determining that the oil and natural gas properties were impaired.
Long-lived Assets and Intangible Assets	'
	The Company accounts for intangible assets in accordance with ASC 360, “Property, Plant and Equipment.” Intangible assets that have defined lives are subject to amortization over the useful life of the assets. Intangible assets held having no contractual factors or other factors limiting the useful life of the asset are not subject to amortization but are reviewed at least annually for impairment or when indicators suggest that impairment may be needed. Intangible assets are subject to impairment review at least annually or when there is an indication that an asset has been impaired.
	For unproved property costs, management reviews for impairment on a property-by-property basis if a triggering event should occur that may suggest that impairment may be required.
	The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If the carrying amount of the asset, including any intangible assets associated with that asset, exceeds its estimated future undiscounted net cash flows, the Company will recognize an impairment loss equal to the difference between its carrying amount and its estimated fair value. The fair value used to calculate the impairment for producing oil and natural gas field that produces from a common reservoir is the estimated future net cash flows discounted at 10%, which the Company believes approximates fair value.
Asset Retirement Obligations	'
	U.S. GAAP requires us to record our estimate of the fair value of liabilities related to future asset retirement obligations in the period the obligation is incurred. Asset retirement obligations relate to the plugging and abandonment of oil and natural gas wells and removal of facilities and tangible equipment at the end of an oil and natural gas property’s useful life. The application of this rule requires the use of management’s estimates with respect to future abandonment costs, inflation, market risk premiums, useful life and cost of capital. U.S. GAAP requires that our estimate of our asset retirement obligations does not give consideration to the value the related assets could have to other parties.
	The following table is a reconciliation of the ARO liability for for the twelve months ended December 31, 2013 and 2012.
		Years Ended
		December 31,
		2013		2012
	Asset retirement obligation at beginning of period	$	39,905	$	30,004
	Liabilities incurred		8,930		7,002
	Revisions to previous estimates				0
	Accretion expense		3,119		2,899
	Asset retirement obligation at end of period	$	51,954	$	39,905
Other Property and Equipment	'
	Our office equipment in Austin, Texas is being depreciated on the straight-line method over the estimated useful life of 5 to 7 years.
Cash and Cash Equivalents	'
	The Company considers all liquid investments with original maturities of three months or less from the date of purchase that are readily convertible into cash to be cash equivalents. The Company had no cash equivalents at December 31, 2013 and December 31, 2012 respectively.
Accounts Receivable	'
	Our accounts receivable are primarily from purchasers of natural gas and oil and exploration and production companies which own an interest in properties we operate.
Allowance for Doubtful Accounts	'
	The Company recognizes an allowance for doubtful accounts to ensure trade receivables are not overstated due to un-collectibility. Allowance for doubtful accounts are maintained for all customers based on a variety of factors, including the length of time receivables are past due, macroeconomic conditions, significant one-time events and historical experience. An additional allowance for individual accounts is recorded when they become aware of a customer’s inability to meet its financial obligations, such as in the case of bankruptcy filings or deterioration in the customer’s operating results or financial position. If circumstances related to customers change, estimates of the recoverability of receivables would be further adjusted. As of December 31, 2013 and 2012, the Company has deemed $200,000 from the sale of oil and gas properties associated with the Jones County prospect, to be doubtful and thus, has recorded this amount as an allowance for doubtful accounts.
Fair Value	'
	At December 31, 2013 and 2012, the carrying value of the Company's financial instruments such as prepaid expenses and payables approximated their fair values based on the short-term maturities of these instruments. The carrying value of other liabilities approximated their fair values because the underlying interest rates approximate market rates at the balance sheet dates. Management believes that due to the Company's current credit worthiness, the fair value of debt could be less than the book value; however, due to current market conditions and available information, the fair value of such debt is not readily determinable. Financial Accounting Standard Board ("FASB") ASC Topic 820 established a hierarchical disclosure framework associated with the level of pricing observability utilized in measuring fair value. This framework defined three levels of inputs to the fair value measurement process and requires that each fair value measurement be assigned to a level corresponding to the lowest level input that is significant to the fair value measurement in its entirety. The three broad levels of inputs defined by FASB ASC Topic 820 hierarchy are as follows:
	Level 1 - quoted prices (unadjusted) in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date;
	Leve1 2 - inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. If the asset or liability has a specified (contractual) term, a Leve1 2 input must be observable for substantially the full term of the asset or liability; and
	Leve1 3 - unobservable inputs for the asset or liability. These unobservable inputs reflect the entity's own assumptions about the assumptions that market participants would use in pricing the asset or liability and are developed based on the best information available in the circumstances (which might include the reporting entity's own data).
	The initial measurement of asset retirement obligations is calculated using discounted cash flow techniques and based on internal estimates of future retirement costs associated with proved oil and gas properties. Inputs used in the calculation of asset retirement obligations include plugging costs and reserve lives. A reconciliation of Victory’s asset retirement obligations is presented in Note 1.
	During 2013, proved oil and gas properties with a carrying value of $890,818 were written down, based upon engineering estimates, to their fair value of $250,055, resulting in impairment charges of $640,583. During 2012, proved oil and gas properties with a carrying value of $395,463 were written down, based upon engineering estimates, to their fair value of $51,110, resulting in impairment charges of $344,353. Significant Level 3 assumptions associated with the calculation of discounted cash flows used in the impairment analysis include Victory’s estimate of future crude oil and natural gas prices, production costs, development expenditures, anticipated production of proved reserves, appropriate risk-adjusted discount rates and other relevant data; primarily derived from a third party independent reserve report.
Revenue Recognition	'
	The Company uses the sales method of accounting for oil and natural gas revenues. Under this method, revenues are recognized based on actual volumes of gas and oil sold to purchasers. The volumes sold may differ from the volumes to which the Company is entitled based on our interests in the properties. Differences between volumes sold and entitled volumes create oil and natural gas imbalances which are generally reflected as adjustments to reported proved oil and natural gas reserves and future cash flows in their supplemental oil and natural gas disclosures. If their excess takes of natural gas or oil exceed their estimated remaining proved reserves for a property, a natural gas or oil imbalance liability is recorded in the Consolidated Balance Sheets.
Concentrations	'
	There is a ready market for the sale of crude oil and natural gas. During 2013 and 2012, our gas field and our producing wells sold their respective gas and oil production to one purchaser for each field or well. However, because alternate purchasers of oil and natural gas are readily available at similar prices, we believe that the loss of any of our purchasers would not have a material adverse effect on our financial results. A majority of the Company’s production and reserves are from the Permian Basin of West Texas.
Earnings per share	'
	Basic earnings per share are computed using the weighted average number of common shares outstanding at December 31, 2013. The weighted average number of common shares outstanding was 27,563,619 at December 31, 2013. Diluted earnings per share reflect the potential dilutive effects of common stock equivalents such as options, warrants and convertible securities. Given the historical and projected future losses of the Company, all potentially dilutive common stock equivalents are considered anti-dilutive. As of December 31, 2013, the Company had 27,563,619 shares of common stock shares outstanding and 5,081,386 of common stock equivalents, comprised of 137,932 unconverted Preferred B shares, 4,793,454 warrants outstanding, and 150,000 stock options outstanding, which were anti-dilutive and not included in the earnings per share calculation As of December 31, 2012, the Company had 27,563,619 shares of common stock shares outstanding and 2,982,218 of common stock equivalents, comprised of 137,932 unconverted Preferred B shares, 2,624,286 warrants outstanding, and 220,000 stock options outstanding, which were anti-dilutive and not included in the earnings per share calculation.
Income Taxes	'
	The Company accounts for income taxes in accordance with ASC 740 “Income Taxes” which requires an asset and liability approach for financial accounting and reporting of income taxes. Deferred income taxes reflect the impact of temporary differences between the amount of assets and liabilities for financial reporting purposes and such amounts as measured by tax laws and regulations. Deferred tax assets include tax loss and credit carry forwards and are reduced by a valuation allowance if, based on available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized.
Stock-Based Compensation	'
	The Company applies ASC 718, “Compensation-Stock Compensation” to account for its issuance of options and warrants to key partners, directors and officers. The standard requires all share-based payments, including employee stock options, warrants and restricted stock, be measured at the fair value of the award and expensed over the requisite service period (generally the vesting period). The fair value of options and warrants granted to key partners, directors and officers is estimated at the date of grant using the Black-Scholes option pricing model by using the historical volatility of the Company’s stock price. The calculation also takes into account the common stock fair market value at the grant date, the exercise price, the expected term of the common stock option or warrant, the dividend yield and the risk-free interest rate.
	The Company from time to time may issue stock options, warrants and restricted stock to acquire goods or services from third parties. Restricted stock, options or warrants issued to third parties are recorded on the basis of their fair value, which is measured as of the date issued. The options or warrants are valued using the Black-Scholes option pricing model on the basis of the market price of the underlying equity instrument on the “valuation date,” which for options and warrants related to contracts that have substantial disincentives to non-performance, is the date of the contract, and for all other contracts is the vesting date. Expense related to the options and warrants is recognized on a straight-line basis over the shorter of the period over which services are to be received or the vesting period.
	The Company recognized stock-based directors fee expense from warrants granted to directors for the years ended December 31, 2013 and 2012 of $27,060 and $73,800, respectively.
	The Company recognized stock-based officer compensation expense from stock options granted to officers and employees of the company for the twelve months ended December 31, 2013 and 2012 of $52,106 and $191,719, respectively.
Going Concern	'
	The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. As presented in the consolidated financial statements, the Company has incurred a net loss of $2,116,138 and $7,099,542 during the years ended December 31, 2013 and 2012, respectively. Though non-cash expenses and allowances were significant during the years ended December 31, 2013 and December 31, 2012, the net cash used in operating activities, or negative cash flows from operating activities, were $730,275 and $2,649,428, respectively.
	The cash proceeds from the sale of the Company’s 10% Senior Secured Convertible Debentures and new contributions to the Aurora partnership by The Navitus Energy Group (“Navitus”) have allowed the Company to continue operations and invest in new oil and natural gas properties. See footnote 3. Management anticipates that operating losses will continue in the near term until new wells are drilled, successfully completed and incremental production increases revenue. As of December 31, 2013 on a year to date basis the Company has invested $2,196,482 in the acquisition of land or the drilling of wells.
	The Company remains in active discussions with Navitus and others related to longer term financing required for our capital expenditures planned for 2014. Without additional outside investment from the sale of equity securities and/or debt financing, our capital expenditures and overhead expenses must be reduced to a level commensurate with available cash flows.
	The accompanying consolidated financial statements are prepared as if the Company will continue as a going concern. The consolidated financial statements do not contain adjustments, including adjustments to recorded assets and liabilities, which might be necessary if the Company were unable to continue as a going concern.
Recent Accounting Pronouncements	'
	In September 2011, the FASB issued Accounting Standard Update (“ASU”) No. 2011-08, “Intangible – Goodwill and Other (Topic 350), Testing Goodwill for Impairment”. The ASU provides an option for an entity to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events or circumstances, an entity determines it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then performing the two-step impairment test is unnecessary. However, if an entity concludes otherwise, then it is required to perform the first step of the two-step impairment test by calculating the fair value of the reporting unit and comparing the fair value with the carrying amount of the reporting unit, as described in paragraph 350-20-35-4. If the carrying amount of a reporting unit exceeds its fair value, then the entity is required to perform the second step of the goodwill impairment test to measure the amount of the impairment loss, if any. Under the ASU, an entity has the option to bypass the qualitative assessment for any reporting unit in any period and proceed directly to performing the first step of the two-step goodwill impairment test. An entity may resume performing the qualitative assessment in any subsequent period. This ASU is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011, and the adoption of this ASU did not have a material effect on the consolidated financial statements.

Organization_and_Summary_of_Si2

Organization and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2013
Organization And Summary Of Significant Accounting Policies Tables	'
Asset Retirement Obligations	'
	The following table is a reconciliation of the ARO liability for for the twelve months ended December 31, 2013 and 2012.
		Years Ended
		December 31,
		2013		2012
	Asset retirement obligation at beginning of period	$	39,905	$	30,004
	Liabilities incurred		8,930		7,002
	Revisions to previous estimates				0
	Accretion expense		3,119		2,899
	Asset retirement obligation at end of period	$	51,954	$	39,905

Oil_and_natural_gas_properties1

Oil and natural gas properties (Tables)	12 Months Ended
	Dec. 31, 2013
Oil And Natural Gas Properties Tables	'
Components of Oil and Natural Gas Properties	'
	Oil and natural gas properties are comprised of the following:
		December 31,
		2013		2012
	Proved property	$	7,694,412	$	5,283,661
	Unproved property		321,124		776,317
	Work in process		25,897		208,728
	Total oil and natural gas properties, at cost		8,041,433		6,268,706
	Less: accumulated impairment		-4,325,785		(3,685,202	)
	Oil and natural gas properties, net of impairment		3,715,648		2,583,504
	Less: accumulated depletion		-1,517,836		(1,145,514	)
	Oil and natural gas properties, net		2,197,812		1,437,990

Senior_Secured_Convertible_Deb1

Senior Secured Convertible Debentures (Tables)	12 Months Ended
	Dec. 31, 2013
Senior Secured Convertible Debentures Tables	'
Schedule of convertible debenture terms	'
	Period Ended	Convertible Debentures Raised (Converted)			Beneficial Conversion Value
	12/31/10	$	827,275		$	700,708
	3/31/11	$	910,000		$	910,000
	6/30/11	$	882,500		$	882,500
	9/30/11	$	477,500		$	477,500
	12/31/11	$	850,000		$	850,000
		$	3,947,275		$	3,820,708
	Converted	$	(1,112,500	)	$	(1,618,467	)
	12/31/11	$	2,834,775		$	2,202,241
	12/31/12	$	1,815,000		$	1,753,359
	Subtotal	$	4,649,775		$	3,955,600
	Converted				$	(3,661,781	)
	2/29/12	$	(4,649,775	)	$	(293,819	)
	Outstanding	$	0		$	0
Schedule of convertible debenture components	'
	The senior secured convertible 10% Senior Secured Convertible Debentures consists of the following at December 31:
		31-Dec-12
	Convertible debenture, interest at 10% per annum payable quarterly, due September 30, 2013 with separable warrants	$	2,834,775
	Convertible debenture, interest at 10% per annum payable quarterly, due September 30, 2013 issued in exchange for notes payable and accrued interest to related party		1,815,000
	Subtotal		4,649,775
	Converted to common stock		-4,649,775
	Subtotal		0
	Unamortized debt discount		0
	Net book value	$	0

Liability_for_Unauthorized_Pre1

Liability for Unauthorized Preferred Stock Issued (Tables)	12 Months Ended
	Dec. 31, 2013
Liability For Unauthorized Preferred Stock Issued Tables	'
Composition of Unconverted Preferred Stock Liability	'
	The remaining liability for the unconverted preferred stock is based on the original cash tendered and consisted of the following as of:
		December 31,
		2013		2012
	Liability for unauthorized preferred stock	$	9,283	$	9,283

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2013
Income Taxes Tables	'
Deferred income tax assets	'
	Significant components of the Company’s deferred income tax assets are as follows:
		31-Dec-13			31-Dec-12
	Net operating loss carryforwards	$	5,134,053		$	4,694,494
	Accounts payable and accrued expenses		195,899			92,891
	Equity based expenses		1,727,412			1,700,507
	Accounts receivable and prepaid expenses		-76,017			(76,899	)
	Deferred taxes		6,981,347			6,410,993
	Valuation allowance		-6,981,347			(6,410,993	)
	Net Deferred Income Tax Assets	$	-		$	-
Schedule of income tax rates	'
	Reconciliation of the effective income tax rate to the U.S. statutory rate is as follows:
		12/31/13			12/31/12
	Book loss		(34.00	)%		(34.00	)%
	Meals and entertainment		0.05			0.02
	Debt discount accretion		0			18.47
	Net operating loss reduction due IRC 382		0			10.37
	Change in valuation allowance		33.95			5.14
	Effective income tax rate		0	%		0	%

Warrants_for_Stock_Tables

Warrants for Stock (Tables)	12 Months Ended
	Dec. 31, 2013
Warrants For Stock Tables	'
Stock Warrants	'
	At December 31, 2013 and 2012 warrants outstanding for common stock of the Company were as follows:
		Number of Shares Underlying Warrants			Weighted Average Exercise Price
	Balance at January 1, 2013		2,695,386		$	1.15
	Granted		2,516,000			0.28
	Exercised		-			-
	Cancelled		-130,000			0.83
	Balance at December 31, 2013		5,081,386		$	0.76
		Number of Shares Underlying Warrants			Weighted Average Exercise Price
	Balance at January 1, 2012		603,145		$	3.26
	Granted		2,115,691			0.52
	Exercised		-20,300			0.25
	Cancelled		-3,150			0.5
	Balance at December 31, 2012		2,695,386		$	1.15
Information about stock warrants	'
	The following table summarizes information about underlying outstanding warrants for common stock of the Company outstanding and exercisable as of December 31, 2013:
			Warrants Outstanding						Warrants Exercisable
	Range of		Number of Shares			Weighted Average		Weighted Average	Number of Shares		Weighted Average
	Exercise Prices		Underlying Warrants			Exercise Price		Remaining Contractual Life	Underlying Warrants		Exercise Price
								(in years)
	$12.50 – $17.50			125,245		$	13.03	7.6		125,245	$	13.03
	$0.16 – $2.50			4,956,141		$	0.43	2.9		4,956,141	$	0.43
				5,081,386						5,081,386
	The following table summarizes information about underlying outstanding warrants for common stock of the Company outstanding and exercisable as of December 31, 2012:
			Warrants Outstanding						Warrants Exercisable
	Range of		Number of Shares			Weighted Average		Weighted Average Remaining Contractual Life	Number of Shares		Weighted Average
	Exercise Prices		Underlying Warrants			Exercise Price		(in years)	Underlying Warrants		Exercise Price
	$12.50 – $17.50			125,245		$	13.03	8.6		125,245	$	13.03
	$0.25 – $2.50			2,499,041		$	0.56	4.2		2,499,041	$	0.56
				2,624,286						2,624,286
Fair value of each warrant	'
	These common stock purchase warrants do not trade in an active securities market, and as such, we estimate the fair value of these warrants using the Black-Scholes Option Pricing Model using the following assumptions:
		2013			2012
	Risk free interest rates		0.76% - 0.92%			0.62% - 1.04	%
	Expected life	5 years			5 years
	Estimated volatility		793.4%- 866.2%			514.9% - 577.0	%
	Dividend yield		0	%		0	%

Stock_Options_Tables

Stock Options (Tables)	12 Months Ended
	Dec. 31, 2013
Stock Options Tables	'
Stock option activity	'
	The following table summarizes stock option activity in the Company’s stock-based compensation plans for the year ended December 31, 2013. All options issued were non-qualified stock options. All options have been restated for the 1:50 reverse stock split on January 12, 2012.
			Number of				Weighted Average Exercise Price				Aggregate				Number of				Weighted Average Fair Value At
			Options								Intrinsic Value (1)				Options Exercisable				Date of Grant
	Outstanding at December 31, 2011			180,000			$	0.83			$	147,000				80,000
	Granted at Fair Value			130,000			$	0.84								45,000			$	1.32
	Exercised			-				-
	Cancelled			90,000			$	0.83								-
	Outstanding at December 31, 2012			220,000			$	0.84			$	0				125,000
	Granted at Fair Value			60,000			$	0.25								60,000
	Exercised			-				-
	Cancelled			130,000			$	0.25								-35,000
	Outstanding at December 31, 2013			150,000			$	0.25			$	0				150,000
Fair value of each option granted	'
	The following assumptions were used to compute the weighted average fair value of options granted during the periods presented.
			2013				2012
	Expected term of option		5 years				0 to 6 years
	Risk free interest rates			0.8	%			0.8	%
	Estimated volatility			817.6	%			541.9 - 585.0	%
	Dividend yield			0	%			0	%
Information about stock options	'
	The following table summarizes information about stock options outstanding at December 31, 2013:
	Range of		Number of		Weighted				Weighted				Aggregate				Number				Weighted Average Exercise		Aggregate
	Exercise Prices		Options		Average				Average				Intrinsic				Exercisable				Price of Exercisable Options		Intrinsic
					Remaining				Exercise				Value (1)										Value (1)
					Contractual				Price
					Life (Years)
	$0.35-1.00		150,000			3.6			$	0.64			$	0				150,000			$	0.64	$	0
	-1	The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option at December 31, 2013. If the exercise price exceeds the market value, there is no intrinsic value.
	The following table summarizes information about options outstanding at December 31, 2012:
	Range of				Number of				Weighted				Weighted				Aggregate				Number		Weighted		Aggregate
	Exercise Prices				Options				Average				Average				Intrinsic				Exercisable		Average		Intrinsic
									Remaining				Exercise				Value (1)						Exercise		Value
									Contractual				Price										Price of Exercisable Options
									Life (Years)
	$0.50 - $1.00					220,000				4.1			$	0.84			$	0				164,378	$	0.78	$	0
Nonvested shares granted under the Company's stock option plan	'
	A summary of the Company’s non-vested stock options at December 31, 2013 and December 31, 2012 and changes during the years are presented below.
	Non-Vested Stock Options		Options				Weighted Average Grant Date Fair Value
	Non-Vested at December 31, 2012			55,622			$	0.25
	Granted			60,000			$	0.35
	Vested			14,378			$	0.25
	Forfeited			(130,000	)		$	0.25
	Non-Vested at December 31, 2013			0			$	0.25
	Non-Vested Stock Options		Options				Weighted Average Grant Date Fair Value
	Non-Vested at December 31, 2011			100,000			$	1.35
	Granted			85,000			$	1.36
	Vested			(69,378	)		$	1.26
	Forfeited			(60,000	)		$	1.65
	Non-Vested at December 31, 2012			55,622			$	1.15

Supplementary_Financial_Inform1

Supplementary Financial Information on Oil and Natural Gas Exploration, Development and Production (Tables)	12 Months Ended
	Dec. 31, 2013
Supplementary Financial Information On Oil And Natural Gas Exploration Development And Production Tables	'
Supplementary result of oil and gas operations	'
	The Company currently has no operations in foreign jurisdictions. Results of operations from oil and natural gas producing activities are summarized below for the years ended December 31:
			Years Ended December 31,
			2013			2012
	Revenues		$	735,413		$	326,384
	Costs incurred:
	Dry hole costs			93,295			54,678
	Exploration costs			18,828			266,514
	Lease operating costs and production taxes			247,350			150,780
	Impairment of oil and natural gas reserves			640,583			344,353
	Depletion, depreciation and accretion			378,398			58,174
	Totals, costs incurred			1,378,454			874,499
	Pre-tax income (loss) from producing activities			-643,041			-548,115
	Results of oil and natural gas producing activities (excluding overhead, income taxes, and interest costs)		$	-643,041		$	-548,115
Supplementary schedule of oil and gas properties	'
	Costs incurred in oil and natural gas property acquisition, exploration and development activities are summarized below for the years ended December 31:
			Years ended December 31,
			2013			2012
	Property acquisition and developmental costs:
	Development		$	2,196,482		$	337,841
	Undrilled leaseholds			81,550			675,058
	Asset retirement obligations			8,930			7,002
	Totals costs incurred		$	2,286,962		$	1,019,901
Supplementary schedule of oil and gas reserves	'
	The Company’s proved oil and natural gas reserves for the years ended December 31, 2013 and December 31, 2012 are shown below:
			Years Ended December 31,
			2013			2012
	Natural gas:
	Proved developed and undeveloped reserves (mcf):			-			-
	Beginning of year			679,410			691,100
	Purchase (sale) of natural gas properties in place			-6,004			-
	Discoveries and extensions			66,680			7,900
	Revisions			27,937			41,992
	Production			-44,833			-61,582
	Proved reserves, at end of year			723,190			679,410
			Years Ended December 31,
			2013			2012
	Oil:
	Proved developed and undeveloped reserves (bbl):			-			-
	Beginning of year			24,290			8,040
	Purchase (sale) of oil producing properties in place			-2,430			-480
	Discoveries and extensions			30,550			10,880
	Revisions			2,420			7,509
	Production			-5,810			-1,659
	Proved reserves, at end of year			49,020			24,290
			Years Ended December 31,
			2013			2012
	Future cash inflows		$	8,174,120		$	5,167,850
	Future costs:
	Production			-3,387,700			-1,640,960
	Development			-555,650			-184,280
	Future cash flows			4,230,770			3,342,610
	10% annual discount for estimated timing of cash flow			-1,808,670			-1,597,290
	Standardized measure of discounted cash flow (a)		$	2,422,100		$	1,745,320
	(a)	Includes $1,211,050 and $872,660 for the twelve months ended December 31, 2013 and 2012, respectively of discounted cash flows attributable to a consolidated subsidiary in which there is a 50% non-controlling interest.
Supplementary schedule of change in measures	'
	Changes in the standardized measure of future net cash flows relating to proved oil and natural gas reserves for the years ended December 31 is summarized below:
			2013			2012
	Increase (decrease)
	Sale of gas and oil, net of operating expenses		$	(473,159	)	$	(175,604	)
	Discoveries, extensions and improved recovery, net of future production and development costs			888,160			244,134
	Accretion of discount			261,779			319,350
	Net increase (decrease)			676,780			387,880
	Standardized measure of discounted future cash flows:
	Beginning of the year			1,745,320			1,357,440
	Before Income Taxes			2,422,100			1,745,320
	Income Taxes			(823,500	)		(601,133	)
	End of the year		$	1,598,600		$	1,144,187

Organization_and_Summary_of_Si3

Organization and Summary of Significant Accounting Policies (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Organization And Summary Of Significant Accounting Policies Details	'	'
Asset retirement obligation at beginning of period	$39,905	$30,004
Liabilities incurred	8,930	7,002
Revisions to previous estimates	0	0
Accretion expense	3,119	2,899
Asset retirement obligation at end of period	$51,954	$39,905

Organization_and_Summary_of_Si4

Organization and Summary of Significant Accounting Policies (Details Narrative) (USD $)

12 Months Ended

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Warrant [Member]

Warrant [Member]

Warrant [Member]

Officer [Member}

Officer [Member}

Directors [Member}

Directors [Member}

Warrant [Member]

Stock Option [Member]

Stock Option [Member]

Stock Option [Member]

Non-controlling interest

$4,315,986

$2,409,497

'

'

'

'

'

'

'

'

'

'

'

Net loss attributable to non-controlling interest

429,511

359,864

'

'

'

'

'

'

'

'

'

'

'

Impairment losses

640,583

344,353

'

'

'

'

'

'

'

'

'

'

'

Allowance for doubtful accounts

200,000

200,000

'

'

'

'

'

'

'

'

'

'

'

Common stock equivalents

5,081,386

2,982,218

'

'

'

'

'

'

'

'

'

'

'

Unconverted Preferred B shares

137,932

137,932

'

'

'

'

'

'

'

'

'

'

'

Shares outstanding

'

'

5,081,386

2,695,386

603,145

'

'

'

'

2,624,286

150,000

220,000

180,000

Stock Based Compensation

52,106

191,719

'

'

'

52,106

191,719

27,060

73,800

'

'

'

'

Net Loss

-2,116,138

-7,099,542

'

'

'

'

'

'

'

'

'

'

'

Non-cash expenses including the amortization of the debt discount and warrants

-730,275

-2,649,428

'

'

'

'

'

'

'

'

'

'

'

Payment to acquire land and drilling of wells

$2,196,482

'

'

'

'

'

'

'

'

'

'

'

'

Weighted average number of common shares outstanding

27,563,619

27,563,619

'

'

'

'

'

'

'

'

'

'

'

Oil_and_natural_gas_properties2

Oil and natural gas properties (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Oil And Natural Gas Properties Details	'	'
Proved property	$7,694,412	$5,283,661
Unproved property	321,124	776,317
Drilling and work in process	25,897	208,728
Total oil and natural gas properties, at cost	8,041,433	6,268,706
Less: accumulated impairment	-4,325,785	-3,685,202
Oil and natural gas properties, net of impairment	3,715,648	2,583,504
Less: accumulated depletion	-1,517,836	-1,145,514
Oil and natural gas properties, net	$2,197,812	$1,437,990

Oil_and_natural_gas_properties3

Oil and natural gas properties (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Oil And Natural Gas Properties Details Narrative	'	'
Depletion, depreciation, and accretion expense	$378,398	$51,172
Impairment losses	558,120	344,353
Related party contrubution	$2,336,000	$1,089,900

Senior_Secured_Convertible_Deb2

Senior Secured Convertible Debentures (Details) (USD $)	12 Months Ended
	Dec. 31, 2013
Convertible debenture raised	$3,947,275
Beneficial conversion value	3,820,708
12/31/2011 [Member]	'
Convertible debenture raised	850,000
Beneficial conversion value	850,000
Converted year one [Member]	'
Convertible debenture raised	-1,112,500
Beneficial conversion value	-1,618,467
12/31/2010 [Member]	'
Convertible debenture raised	827,275
Beneficial conversion value	700,708
3/31/2011[Member]	'
Convertible debenture raised	910,000
Beneficial conversion value	910,000
6/30/2011 [Member]	'
Convertible debenture raised	882,500
Beneficial conversion value	882,500
9/30/2011 [Member]	'
Convertible debenture raised	477,500
Beneficial conversion value	477,500
PeriodSixMember	'
Convertible debenture raised	2,834,775
Beneficial conversion value	2,202,241
12/31/2012 [Member]	'
Convertible debenture raised	1,815,000
Beneficial conversion value	1,753,359
Subtotal [Member]	'
Convertible debenture raised	4,649,775
Beneficial conversion value	3,955,600
Converted for year two [Member]	'
Beneficial conversion value	-3,661,781
2/29/2012 [Member]	'
Convertible debenture raised	-4,649,775
Beneficial conversion value	-293,819
Outstanding [Member]	'
Convertible debenture raised	0
Beneficial conversion value	$0

Senior_Secured_Convertible_Deb3

Senior Secured Convertible Debentures (Details 1) (USD $)	Dec. 31, 2012
Convertible Debentures	$4,649,775
Converted common stock, Subtotal	0
Unamortized Debt Discount	0
Net book value	0
Converted common stock [Member]	'
Converted common stock, Subtotal	-4,649,775
Convertible debenture notes payable and accrued interest [Member]	'
Convertible Debentures	1,815,000
Convertible debenture separable warrants [Member]	'
Convertible Debentures	$2,834,775

Senior_Secured_Convertible_Deb4

Senior Secured Convertible Debentures (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2012
Senior Secured Convertible Debentures Details Narrative	'
Raised from Accredited investors	$4,935,000
Senior Secured Convertible Debentures	10.00%
Fair value of the warrants	61,649
Beneficial conversion feature	1,753,351
Beneficial conversion feature discount	$1,815,000

Liability_for_Unauthorized_Pre2

Liability for Unauthorized Preferred Stock Issued (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Liability For Unauthorized Preferred Stock Issued Details	'	'
Liability for unauthorized preferred stock	$9,283	$9,283

Liability_for_Unauthorized_Pre3

Liability for Unauthorized Preferred Stock Issued (Details Narrative)	Dec. 31, 2013	Dec. 31, 2012
Liability For Unauthorized Preferred Stock Issued Details Narrative	'	'
Number of unconverted preferred stock shares	68,966	238,966

Income_Taxes_Details

Income Taxes (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Income Taxes Details	'	'
Net operating loss carryforwards	$5,134,053	$4,694,494
Accounts payable and accrued expenses	195,899	92,891
Equity based expenses	1,727,412	1,700,507
Accounts receivable and prepaid expenses	-76,017	-76,899
Deferred taxes	6,981,347	6,410,993
Valuation allowance	-6,981,347	-6,410,993
Net Deferred Income Tax Assets	'	'

Income_Taxes_Details_1

Income Taxes (Details 1)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Summary of reconciles the U.S. statutory rates to the Company's effective tax rate	'	'
Book loss	-34.00%	-34.00%
Meals and entertainment	0.05%	0.02%
Debt discount accretion	0.00%	18.47%
Net operating loss reduction due IRC 382	0.00%	10.37%
Change in valuation allowance	33.95%	5.14%
Effective income tax rate	0.00%	0.00%

Income_Taxes_Details_Narrative

Income Taxes (Details Narrative) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Income Taxes Details Narrative	'	'
Federal net operating loss carry forwards	$15,100,156	$13,807,335

Stockholders_Equity_Details_Na

Stockholders' Equity (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013
		Employee Stock Option [Member]	Board Services [Member]	Navitus Partners, LLC [Member]
Value of warrants using the Black Scholes Option Pricing Model	$496,979	$7,200	$27,060	'
Warrants issued	2,044,591	60,000	120,000	2,336,000
Capital contributions	'	'	'	$2,336,000

Warrants_for_Stock_Details

Warrants for Stock (Details) (Warrant [Member], USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Warrant [Member]	'	'
Beginning Balance	2,695,386	603,145
Granted	2,516,000	2,115,691
Exercised	'	-20,300
Cancelled	-130,000	-3,150
Ending Balance	5,081,386	2,695,386
Weighted Average Exercise Price, Outstanding Beggining Balance	$1.15	$3.26
Weighted Average Exercise Price, Granted	$0.28	$0.52
Weighted Average Exercise Price, Exercised	'	$0.25
Weighted Average Exercise Price, Cancelled	$0.83	$0.50
Weighted Average Exercise Price, Outstanding Ending Balance	$0.76	$1.15

Warrants_for_Stock_Details_1

Warrants for Stock (Details 1) (Warrant [Member], USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
				12.50 - $17.50 [Member]	12.50 - $17.50 [Member]	0.16 - $2.50 [Member]	0.25 - $2.50 [Member]
Outstanding Warrants	'	'	'	'	'	'	'
Number of Shares Underlying Warrants	5,081,386	2,695,386	603,145	125,245	125,245	4,956,141	2,499,041
Weighted Average Exercise Price	$0.76	$1.15	$3.26	$13.03	$13.03	$0.43	$0.56
Weighted Average Remaining Contractual Life (in years)	'	'	'	'7 years 7 months 6 days	'8 years 7 months 6 days	'2 years 10 months 24 days	'4 years 2 months 12 days
Exercisable Warrants	'	'	'	'	'	'	'
Number of Shares Underlying Warrants	5,081,386	2,624,286	'	125,245	125,245	4,956,141	2,499,041
Weighted Average Exercise Price	'	'	'	$13.03	$13.03	$0.43	$0.56

Warrants_for_Stock_Details_2

Warrants for Stock (Details 2) (Warrant [Member])	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Expected life	'5 years	'5 years
Dividend yield	0.00%	0.00%
Minimum [Member]	'	'
Risk-free interest rates	0.76%	0.62%
Estimated volatility	793.40%	514.90%
Maximum [Member]	'	'
Risk-free interest rates	0.92%	1.04%
Estimated volatility	866.20%	577.00%

Warrants_for_Stock_Details_Nar

Warrants for Stock (Details Narrative) (Warrant [Member], USD $)	Dec. 31, 2013	Dec. 31, 2012
Warrant [Member]	'	'
Aggregate intrinsic value of the warrants outstanding and exercisable	$17,850	$43,515

Stock_Options_Details

Stock Options (Details) (Stock Option [Member], USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Stock Option [Member]	'	'
Beginning Balance	220,000	180,000
Granted at Fair Value	60,000	130,000
Exercised	'	'
Cancelled	130,000	90,000
Ending Balance	150,000	220,000
Weighted Average Exercise Price, Outstanding Beggining Balance	$0.84	$0.83
Weighted Average Exercise Price, Granted at Fair Value	$0.25	$0.84
Weighted Average Exercise Price, Exercised	'	'
Weighted Average Exercise Price, Cancelled	$0.25	$0.83
Weighted Average Exercise Price, Outstanding Ending Balance	$0.25	$0.84
Aggregate Intrinsic Value (1), Beggining Balance	$0	$147,000
Aggregate Intrinsic Value (1), Ending Balance	$0	$0
Number of Shares Exercisable, Outstanding Beggining Balance	125,000	80,000
Granted at Fair Value	60,000	45,000
Cancelled	-35,000	'
Number of Shares Exercisable, Outstanding Ending Balance	150,000	125,000
Weighted Average Fair Value At Date of Grant	'	$1.32

Stock_Options_Details_1

Stock Options (Details 1) (Stock Option [Member])	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Expected term of option	'5 years	'
Risk-free interest rates	0.80%	0.80%
Estimated volatility	817.60%	'
Dividend yield	0.00%	0.00%
Minimum [Member]	'	'
Expected term of option	'	'0 years
Estimated volatility	'	514.90%
Maximum [Member]	'	'
Expected term of option	'	'6 years
Estimated volatility	'	585.00%

Stock_Options_Details_2

Stock Options (Details 2) (Stock Option [Member], USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012
				.35-1.00 [Member]	.50 - $1.00 [Member]
Number of Options	150,000	220,000	180,000	150,000	220,000
Weighted Average Remaining Contractual Life (Years)	'	'	'	'3 years 6 months	'4 years 1 month 6 days
Weighted Average Exercise Price	$0.25	$0.84	$0.83	$0.64	$0.84
Aggregate Intrinsic Value (1)	'	'	'	$0	$0
Number Exercisable	150,000	125,000	80,000	150,000	164,378
Weighted Average Exercise Price of Exercisable Options	'	'	'	$0.64	$0.78
Aggregate Intrinsic Value (1)	'	'	'	$0	$0

Stock_Options_Details_3

Stock Options (Details 3) (Stock Option [Member], USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Stock Option [Member]	'	'
Non-Vested Stock Options, Beginning Balance	55,622	100,000
Granted	60,000	85,000
Vested	14,378	-69,378
Forfeited	-130,000	-60,000
Non-Vested Stock Options, Ending Balance	0	55,622
Weighted Average Exercise Price, Outstanding Beggining Balance	$1.15	$1.35
Weighted Average Exercise Price, Granted	$0.35	$1.36
Weighted Average Exercise Price, Vested	$0.25	$1.26
Weighted Average Exercise Price, Forfeited	$0.25	$1.65
Weighted Average Exercise Price, Outstanding Ending Balance	$0.25	$1.15

Stock_Options_Details_Narrativ

Stock Options (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Stock Options Details Narrative	'	'
Stock based compensation	$52,106	$191,719

Commitments_And_Contingencies_

Commitments And Contingencies (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Commitments And Contingencies Details Narrative	'	'
Rent expense	$27,750	$23,570

Related_Party_Transactions_Det

Related Party Transactions (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Related Party Transactions Details Narrative	'	'
Accounting services from Miranda & Associates	$19,900	$153,355
Legal fees from The McCall Firm	206,456	198,009
Related party consulting fee	3,495	'
Owed for professional services from Miranda	6,000	825
Owed for professional services from McCall Firm	$9,047	'

Supplementary_Financial_Inform2

Supplementary Financial Information On Oil And Natural Gas Exploration Development and Production (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Supplementary Financial Information On Oil And Natural Gas Exploration Development And Production Details	'	'
Revenues	$735,413	$326,384
Costs incurred:	'	'
Dry hole costs	93,295	54,678
Exploration costs	18,828	266,514
Lease operating costs and production taxes	247,350	150,780
Impairment of oil and natural gas reserves	640,583	344,353
Depletion, depreciation and accretion	378,398	58,174
Totals, costs incurred	1,378,454	874,499
Pre-tax income (loss) from producing activities	-643,041	-548,115
Results of oil and natural gas producing activities (excluding overhead, income taxes, and interest costs)	($643,041)	($548,115)

Supplementary_Financial_Inform3

Supplementary Financial Information On Oil And Natural Gas Exploration Development and Production (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Supplementary Financial Information On Oil And Natural Gas Exploration Development And Production Details 1	'	'
Development	$2,196,482	$337,841
Undrilled leaseholds	81,550	675,058
Asset retirement obligations	8,930	7,002
Total costs incurred	$2,286,962	$1,019,901

Supplementary_Financial_Inform4

Supplementary Financial Information On Oil And Natural Gas Exploration Development and Production (Details 2)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
	Mcf	Mcf
Natural Gas [Member]	'	'
Beginning of year	679,410	691,100
Purchase (sale) of oil and natural gas properties in place	-6,004	'
Discoveries and extensions	66,680	7,900
Revisions	27,937	41,992
Production	-44,833	-61,582
Proved reserves, at end of year	723,190	679,410
Oil [Member]	'	'
Beginning of year	24,290	8,040
Purchase (sale) of oil and natural gas properties in place	-2,430	-480
Discoveries and extensions	30,550	10,880
Revisions	2,420	7,509
Production	-5,810	-1,659
Proved reserves, at end of year	49,020	24,290

Supplementary_Financial_Inform5

Supplementary Financial Information On Oil And Natural Gas Exploration Development and Production (Details 3) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Supplementary Financial Information On Oil And Natural Gas Exploration Development And Production Details 3	'	'
Future cash inflows	$8,174,120	$5,167,850
Future costs:	'	'
Production	-3,387,700	-1,640,960
Development	-555,650	-184,280
Future cash flows	4,230,770	3,342,610
10% annual discount for estimated timing of cash flow	-1,808,670	-1,597,290
Standardized measure of discounted cash flow (a)	$2,422,100	$1,745,320

Supplementary_Financial_Inform6

Supplementary Financial Information On Oil And Natural Gas Exploration Development and Production (Details 4) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Increase (decrease)	'	'
Sale of gas and oil, net of operating expenses	($473,159)	($175,604)
Discoveries, extensions and improved recovery, net of future production and development costs	888,160	244,134
Accretion of discount	261,779	319,350
Net increase (decrease)	676,780	387,880
Standardized measure of discounted future cash flows:	'	'
Beginning of the year	1,745,320	1,357,440
Before Income Taxes	2,422,100	1,745,320
Income Taxes	-823,500	-601,133
End of the year	$1,598,600	$1,144,187

Supplementary_Financial_Inform7

Supplementary Financial Information On Oil And Natural Gas Exploration Development and Production (Narrative) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Supplementary Financial Information On Oil And Natural Gas Exploration Development And Production Narrative	'	'
Discount on cash flows	$1,211,050	$872,660
Non-controlling interest	50.00%	'
Reserves attributable to subsidiary	$799,300	$572,094