Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]    
Oil and gas sales $ 148,835 $ 123,246
Equipment sales to related party   198,000
Total Revenue 148,835 321,246
Operating expenses    
Cost of equipment sold 33,330
Lease operating expense 416,232 304,199
General and administrative expenses 2,550,481 1,433,182
Depreciation, depletion and amortization 74,469 74,065
Asset retirement obligation accretion 49,753 38,998
Total Operating Expense 3,090,935 1,883,774
Loss from Operations (2,942,100) (1,562,528)
Interest (expense) (265,813) (359,239)
Other income 40,806 60,324
Loss on warrants issued for PORRI   (14,336)
Loss on conversion of debt (94,177)  
Total other income (expense) (319,184) (313,251)
Net loss from continuing operations before taxes (3,261,284) (1,875,779)
Income tax provision (benefit)
Net Loss (3,261,284) (1,875,779)
Series A Preferred Dividends (94,479)  
Net Loss Attributable to Common Stockholders $ (3,355,763) $ (1,875,779)
Loss per share    
(Basic and fully diluted) (in Dollars per share) $ (0.04) $ (0.03)
Weighted average number of common shares outstanding, basic and diluted (in Shares) 93,545,807 54,541,922