Annual report pursuant to Section 13 and 15(d)

STATEMENT OF OPERATIONS

v3.5.0.2
STATEMENT OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]    
Oil and gas sales $ 187,976 $ 683,536
Operating expenses    
Lease operating expense 241,644 290,557
Production tax 8,659 29,748
General and administrative expenses 706,456 1,756,668
Depreciation, depletion and amortization 94,964 165,943
Asset retirement obligation accretion 11,856 1,872
Impairment of oil & gas properties 668,073  
Total Operating Expense 1,731,652 2,244,788
Loss from Operations (1,543,676) (1,561,252)
Interest (expense) (241,778) (113,281)
Other income (expense) 38,719  
Loss on conversion of debt (109,879)  
Net loss from continuing operations before taxes (1,856,614) (1,674,533)
Income tax provision (benefit) 0 0
Net Loss $ (1,856,614) $ (1,674,533)
Loss per share (Basic and fully diluted) (in dollars per share) $ (0.07) $ (0.09)
Weighted average number of common shares outstanding, basic and diluted (in shares) 24,875,600 18,070,038