PAYMENTS FOR ACQUISITION OF WORKING INTEREST (Details Narrative) |
6 Months Ended | |||||
|---|---|---|---|---|---|---|
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Jun. 01, 2018
USD ($)
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May 09, 2018
USD ($)
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Jun. 30, 2018
USD ($)
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Jun. 30, 2017
USD ($)
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Jun. 29, 2018
a
Number
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Jun. 08, 2018 |
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| Cash paid | $ 25,452 | $ 22,782 | ||||
| Cash payment for working interest acquired | $ 1,530,000 | |||||
| Interest rate | 12.00% | 9.00% | ||||
| Default interest rate | 19.00% | |||||
| Canada, Dollars | ||||||
| Consideration amount | $ 1,428,581 | |||||
| Cash paid | 1,022,400 | |||||
| Debt face amount | 406,181 | |||||
| United States of America, Dollars | ||||||
| Consideration amount | 1,089,150 | |||||
| Cash paid | 779,478 | |||||
| Debt face amount | $ 314,912 | |||||
| Fields [Member] | ||||||
| Working Interest Ownership | 25.00% | |||||
| Number of sections | Number | 64 | |||||
| Number of acres | a | 41,526 | |||||
| Number of producing oil wells | Number | 240 | |||||
| Number of producing natural gas wells | Number | 12 | |||||
| Number of sections undeveloped land | Number | 34 | |||||
| Number of acres undeveloped land | a | 21,760 | |||||
| X | ||||||||||
- Definition The interest of debt after loan default. No definition available.
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| X | ||||||||||
- Definition Number of sections of developed land acquired. No definition available.
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- Definition Number of sections of undeveloped land acquired. No definition available.
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- Definition Percent of a working interest owned. No definition available.
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- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Area spaced or assigned to productive wells in which a working interest is owned. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Lease area in which a working interest is owned and on which wells have not been drilled or completed to a point that would permit the production of commercial quantities of oil and gas regardless of whether or not such area contains proved reserves. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of cash paid, after deduction of cash paid for capitalized interest, for interest. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The cash outflow associated with the acquisition of a controlling interest in another entity or an entity that is related to it but not strictly controlled (for example, an unconsolidated subsidiary, affiliate, joint venture or equity method investment). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The total number of producing gas wells and gas wells capable of production, in which the entity owns an undivided working interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The total number of producing oil wells and oil wells capable of production, in which the entity owns an undivided working interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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