SUPPLEMENTAL INFORMATION RELATING TO OIL AND GAS PRODUCING ACTIVITIES (UNAUDITED) (Details Narrative) |
12 Months Ended | |
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Dec. 31, 2015
USD ($)
Number
bbl
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Dec. 31, 2014
USD ($)
Boe
Number
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Oil and Gas Exploration and Production Industries Disclosures [Abstract] | ||
Number of completed wells drilled | Number | 16 | 7 |
Capital cost on lease | $ | $ 675,426 | |
Capital cost related to non production | $ | $ 65,450 | |
Total proved reserves | Boe | 438,283 | |
Production | bbl | 5,663 | |
Net proved reserves | Boe | 438,283 |
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- Definition Production of proved reserves. No definition available.
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- Definition Energy measure of interests in proved developed reserves of crude oil, including condensate and natural gas liquids, natural gas, synthetic oil and gas, or other nonrenewable natural resource that is intended to be upgraded into synthetic oil and gas. No definition available.
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- Definition Capitalized costs incurred for support equipment and facilities used in oil and gas producing activities (such as seismic equipment, drilling equipment, construction and grading equipment, vehicles, repair shops, warehouses, supply points, camps, and division, district, or field offices). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The number of productive developmental wells drilled in the geographic area. A productive well is a well that is not a dry well. The number of wells drilled refers to the number of wells (holes) completed at any time during the fiscal years, regardless when drilling was initiated. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The cash outflow for exploration and development of oil and gas properties. It includes cash payments related to development of oil and gas wells drilled at previously untested geologic structures (to determine the presence of oil or gas) and wells drilled at sites where the presence of oil or gas has already been established (to extract the oil or gas). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Energy measure of increase (decrease) of quantity of proved reserve of oil and gas, stated in a unit of energy. For example, but not limited to, barrel of oil equivalents (BOE) or one thousand cubic feet of natural gas equivalent (Mcfe). No definition available.
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