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EXCEL - IDEA: XBRL DOCUMENT - Petron Energy II, Inc.Financial_Report.xls
10-K - FORM 10-K - Petron Energy II, Inc.tenk.htm
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EX-31 - EXHIBIT 31 - Petron Energy II, Inc.exhibit31.htm
EX-32 - EXHBIT 32 - Petron Energy II, Inc.exhibit32.htm
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v2.4.0.6
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Revenues    
Oil & Gas Sales $ 192,839 $ 203,904
Pipeline Revenue 6,548 32,148
Total Revenue 199,387 236,052
Costs and Expenses    
Cost of Revenue 271,873 266,599
Depletion, Depreciation and Amortization 116,688 85,420
General and Adminstrative 2,938,568 916,759
Interest Expense    496,733
Total Expenses 3,327,129 1,765,511
Loss from Operations Before Income Taxes (3,127,742) (1,529,459)
Income Tax Benefit      
Net Loss (3,127,742) (1,529,459)
Preferred Stock Dividends (875) (12,706)
Net Loss Available to Common Stockholders $ (3,128,617) $ (1,542,165)
Loss per share--basic and diluted $ (0.034) $ (0.020)
Weighted average number of shares--basic and diluted 92,432,707 77,019,099