BUSINESS SEGMENTS (Details) - USD ($) |
3 Months Ended | ||
|---|---|---|---|
Mar. 31, 2016 |
Mar. 31, 2015 |
Dec. 31, 2015 |
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| Net Income (Loss) | $ (301,942) | $ (213,280) | |
| Assets | 4,257,462 | $ 4,196,016 | |
| Oil and Gas Exploration [Member] | |||
| Revenues | 22,999 | 60,526 | |
| Net Income (Loss) | (451,642) | (213,280) | |
| Assets | 4,140,901 | 4,196,016 | |
| Accounts Receivable | 67,682 | $ 48,633 | |
| Oil Field Services [Member] | |||
| Revenues | 180,000 | ||
| Net Income (Loss) | 149,700 | ||
| Assets | $ 116,561 | ||
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- Definition For an unclassified balance sheet, the amount due from customers or clients for goods or services that have been delivered or sold in the normal course of business, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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