Annual report pursuant to Section 13 and 15(d)
Cover
Document And Entity Information
Financial Statements
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS (Parentheticals)
CONSOLIDATED STATEMENT OF OPERATIONS
CONSOLIDATED STATEMENTS OF CASH FLOWS
STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT)
Notes to Financial Statements
NOTE 1. ORGANIZATION
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
NOTE 3. GOING CONCERN
NOTE 4. NOTE RECEIVABLE
NOTE 5. RELATED PARTY TRANSACTIONS
NOTE 6. NOTES PAYABLE
NOTE 7. EQUITY
NOTE 8. COMMITMENTS AND CONTINGENCIES
NOTE 9. OIL AND GAS ACQUISITIONS
NOTE 10. ASSET RETIREMENT OBLIGATIONS
NOTE 11. INCOME TAXES
NOTE 12. SUPPLEMENTAL INFORMATION RELATING TO OIL AND GAS PRODUCING ACTIVITIES (UNAUDITED)
NOTE 13. BUSINESS SEGMENTS
NOTE 14. SUBSEQUENT EVENTS
Accounting Policies
Accounting Policies, by Policy (Policies)
Notes Tables
NOTE 6. NOTES PAYABLE (Tables)
NOTE 7. EQUITY (Tables)
NOTE 9. OIL AND GAS ACQUISITIONS (Tables)
NOTE 10. ASSET RETIREMENT OBLIGATIONS (Tables)
NOTE 11. INCOME TAXES (Tables)
NOTE 12. SUPPLEMENTAL INFORMATION RELATING TO OIL AND GAS PRODUCING ACTIVITIES (UNAUDITED) (Tables)
NOTE 13. BUSINESS SEGMENTS (Tables)
Notes Details
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)
NOTE 4. NOTE RECEIVABLE (Details)
NOTE 5. RELATED PARTY TRANSACTIONS (Details)
NOTE 6. NOTES PAYABLE (Details)
NOTE 6. NOTES PAYABLE (Details) - Schedule of Shareholder Advances
NOTE 6. NOTES PAYABLE (Details) - Contractual Obligation, Fiscal Year Maturity Schedule
NOTE 7. EQUITY (Details)
NOTE 7. EQUITY (Details) - Schedule of Stockholders' Equity Note, Warrants or Rights
NOTE 7. EQUITY (Details) - Schedule of Warrants Granted
NOTE 8. COMMITMENTS AND CONTINGENCIES (Details)
NOTE 9. OIL AND GAS ACQUISITIONS (Details)
NOTE 9. OIL AND GAS ACQUISITIONS (Details) - Business Acquisition, Pro Forma Information
NOTE 10. ASSET RETIREMENT OBLIGATIONS (Details) - Schedule of Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques
NOTE 10. ASSET RETIREMENT OBLIGATIONS (Details) - Schedule of Asset Retirement Obligations
NOTE 11. INCOME TAXES (Details)
NOTE 11. INCOME TAXES (Details) - Schedule of Effective Income Tax Rate Reconciliation
NOTE 11. INCOME TAXES (Details) - Schedule of Deferred Tax Assets and Liabilities
NOTE 12. SUPPLEMENTAL INFORMATION RELATING TO OIL AND GAS PRODUCING ACTIVITIES (UNAUDITED) (Details)
NOTE 12. SUPPLEMENTAL INFORMATION RELATING TO OIL AND GAS PRODUCING ACTIVITIES (UNAUDITED) (Details) - Cost Incurred in Oil and Gas Property Acquisition, Exploration, and Development Activities Disclosure
NOTE 12. SUPPLEMENTAL INFORMATION RELATING TO OIL AND GAS PRODUCING ACTIVITIES (UNAUDITED) (Details) - Schedule of Capitalized Costs Relating to Oil and Gas Producing Activities Disclosure
NOTE 12. SUPPLEMENTAL INFORMATION RELATING TO OIL AND GAS PRODUCING ACTIVITIES (UNAUDITED) (Details) - Schedule of Proved Oil and Gas Reserve Quantities
NOTE 12. SUPPLEMENTAL INFORMATION RELATING TO OIL AND GAS PRODUCING ACTIVITIES (UNAUDITED) (Details) - Schedule of Proved Developed and Undeveloped Oil and Gas Reserve Quantities
NOTE 12. SUPPLEMENTAL INFORMATION RELATING TO OIL AND GAS PRODUCING ACTIVITIES (UNAUDITED) (Details) - Schedule of Proved Developed and Undeveloped Oil and Gas Reserve Quantities
NOTE 12. SUPPLEMENTAL INFORMATION RELATING TO OIL AND GAS PRODUCING ACTIVITIES (UNAUDITED) (Details) - Standardized Measure of Discounted Future Cash Flows Relating to Proved Reserves Disclosure
NOTE 12. SUPPLEMENTAL INFORMATION RELATING TO OIL AND GAS PRODUCING ACTIVITIES (UNAUDITED) (Details) - Schedule of Changes in Standardized Measure of Discounted Future Net Cash Flows
NOTE 13. BUSINESS SEGMENTS (Details)
NOTE 13. BUSINESS SEGMENTS (Details) - Schedule of Segment Reporting Information, by Segment
NOTE 14. SUBSEQUENT EVENTS (Details)
NOTE 7. EQUITY (Details) - Schedule of Warrants Granted
v3.7.0.1
NOTE 7. EQUITY (Details) - Schedule of Warrants Granted - shares
1 Months Ended
6 Months Ended
12 Months Ended
Apr. 18, 2016
Dec. 31, 2016
Sep. 30, 2016
Dec. 31, 2016
Dec. 31, 2015
NOTE 7. EQUITY (Details) - Schedule of Warrants Granted [Line Items]
Warrants Granted
500,000
500,000
262,000
5,740,416
7,740,000
Warrants Granted to Board of Directors [Member]
NOTE 7. EQUITY (Details) - Schedule of Warrants Granted [Line Items]
Warrants Granted
2,500,000
2,000,000
Warrants Granted to PORRI [Member]
NOTE 7. EQUITY (Details) - Schedule of Warrants Granted [Line Items]
Warrants Granted
150,000
0
Warrants Granted to CEO & CFO [Member]
NOTE 7. EQUITY (Details) - Schedule of Warrants Granted [Line Items]
Warrants Granted
206,666
40,000
Warrants Granted Providing Bond Related Collateral [Member]
NOTE 7. EQUITY (Details) - Schedule of Warrants Granted [Line Items]
Warrants Granted
31,250
0
Warrants Granted for Pre-Bridge Loans [Member]
NOTE 7. EQUITY (Details) - Schedule of Warrants Granted [Line Items]
Warrants Granted
230,000
290,000
0
Warrants Granted for Short-Term Debt [Member]
NOTE 7. EQUITY (Details) - Schedule of Warrants Granted [Line Items]
Warrants Granted
100,000
0
Warrants Granted to Advisory Board [Member]
NOTE 7. EQUITY (Details) - Schedule of Warrants Granted [Line Items]
Warrants Granted
262,500
0
Warrants Granted for Deferred Loan Penalty [Member]
NOTE 7. EQUITY (Details) - Schedule of Warrants Granted [Line Items]
Warrants Granted
10,000
0
Warrants Granted for Consulting Agreements [Member]
NOTE 7. EQUITY (Details) - Schedule of Warrants Granted [Line Items]
Warrants Granted
340,000
0
Warrants Granted on Rick Wilber Loan [Member]
NOTE 7. EQUITY (Details) - Schedule of Warrants Granted [Line Items]
Warrants Granted
500,000
0
Warrants Granted for Officer Signing Bonus [Member]
NOTE 7. EQUITY (Details) - Schedule of Warrants Granted [Line Items]
Warrants Granted
550,000
0
Warrants Granted in September 2015 Private Placement [Member]
NOTE 7. EQUITY (Details) - Schedule of Warrants Granted [Line Items]
Warrants Granted
800,000
3,500,000
Warrants Granted in May 2015 Private Placement [Member]
NOTE 7. EQUITY (Details) - Schedule of Warrants Granted [Line Items]
Warrants Granted
0
2,200,000
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