NOTE 7. SUBSEQUENT EVENTS (Details) $ / shares in Units, bbl in Millions |
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1 Months Ended |
2 Months Ended |
9 Months Ended |
Nov. 04, 2015
USD ($)
a
shares
bbl
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Sep. 23, 2015 |
Sep. 01, 2015
$ / shares
shares
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May. 01, 2015
USD ($)
shares
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Sep. 30, 2015
$ / shares
$ / item
shares
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May. 30, 2015
$ / shares
shares
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Nov. 20, 2015
USD ($)
$ / shares
$ / item
shares
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Sep. 30, 2015
$ / shares
$ / item
shares
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NOTE 7. SUBSEQUENT EVENTS (Details) [Line Items] |
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Working interest |
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10.00%
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Debt Instrument, Collateral |
1,000,000 shares of restricted common stock of the Company
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Class of Warrant or Right, Granted (in Shares) | shares |
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3,500,000
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Private Placement [Member] |
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NOTE 7. SUBSEQUENT EVENTS (Details) [Line Items] |
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Unit Description |
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Each unit is comprised of 100,000 shares of common stock at a price of $0.06 cents per share and one warrant to purchase an additional 100,000 shares of common stock at a price of $0.10 cents per share at any time prior to August 31, 2018
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each unit including 100,000 shares of common stock and warrants to purchase 100,000 shares of common stock at an exercise price of $0.10 per share at any time prior to August 31, 2018
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each unit including 100,000 shares of common stock and warrants to purchase 100,000 shares of common stock at an exercise price of $0.12 per share at any time prior to August 5, 2018
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Each unit is comprised of 100,000 shares of common stock at a price of $0.10 cents per share and warrants to purchase an additional 100,000 shares of common stock at a price of $0.12 cents per share at any time prior to August 5, 2018.
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Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | $ / shares |
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$ 0.10
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$ 0.10
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$ 0.12
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$ 0.10
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Unit, Price per unit (in Dollars per Item) | $ / item |
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6,000
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10,000
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Number of Units Sold |
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13
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13
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22
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Stock Issued During Period, Shares, New Issues (in Shares) | shares |
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1,300,000
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1,400,000
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1,300,000
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2,200,000
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3,500,000
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Class of Warrant or Right, Granted (in Shares) | shares |
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1
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Proceeds from Issuance or Sale of Equity (in Dollars) |
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$ 60,000
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Subsequent Event [Member] |
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NOTE 7. SUBSEQUENT EVENTS (Details) [Line Items] |
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Financing Receivable, Net (in Dollars) |
$ 1,300,000
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Debt Instrument, Interest Rate, Stated Percentage |
10.00%
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Stock Issued During Period, Shares, Restricted Stock Award, Gross (in Shares) | shares |
6,000,000
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Subsequent Event [Member] | Private Placement [Member] |
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NOTE 7. SUBSEQUENT EVENTS (Details) [Line Items] |
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Unit Description |
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each consisting of 100,000 shares of restricted common stock and a warrant to purchase an additional 100,000 shares of common stock at an exercise price of $0.10 per share at any time prior to August 31, 2018
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Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | $ / shares |
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$ 0.10
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Unit, Price per unit (in Dollars per Item) | $ / item |
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6,000
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Number of Units Sold |
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15
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Stock Issued During Period, Shares, New Issues (in Shares) | shares |
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1,500,000
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Class of Warrant or Right, Granted (in Shares) | shares |
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1,500,000
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Proceeds from Issuance or Sale of Equity (in Dollars) |
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$ 90,000
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Subsequent Event [Member] | Twin Lakes San Andres Unit Interest Acquisition [Member |
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NOTE 7. SUBSEQUENT EVENTS (Details) [Line Items] |
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Working interest |
15.00%
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Acquisition Costs, Period Cost (in Dollars) |
$ 196,875
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Payments to Acquire Oil and Gas Property and Equipment (in Dollars) |
50,000
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Debt Instrument, Face Amount (in Dollars) |
$ 146,875
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Debt Instrument, Maturity Date |
Dec. 31, 2015
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Note Receivable, Interest Rate |
10.00%
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Debt Instrument, Maturity Date, Description |
The Company also has the right to a one-time extension of the maturity date of the note (extending the maturity date for 90 days) if we issue BSNM 500,000 additional shares of restricted common stock
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Gas and Oil Area, Developed, Net (in Acres) | a |
4,864
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Productive Oil Wells, Number of Wells, Gross |
130
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Productive Oil Wells, Number of Wells, Net |
6
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Proved Developed Reserves (Volume) (in Barrels (of Oil)) | bbl |
2.8
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Oil and Gas Interest |
100.00%
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Maximum [Member] | Subsequent Event [Member] | Twin Lakes San Andres Unit Interest Acquisition [Member |
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NOTE 7. SUBSEQUENT EVENTS (Details) [Line Items] |
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Other Commitment (in Dollars) |
$ 400,000
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