Consolidated Balance Sheets - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash	$ 1,011,726	$ 4,009,892
Restricted cash	3,233,324
Accounts receivable - oil and gas- net	3,039,848	258,300
Prepaid expenses	142,054	124,443
Total current assets	7,426,952	4,392,635
Oil and gas properties, full cost method
Proved developed producing oil and gas properties, net	79,709,969	81,331,986
Proved undeveloped and non-producing oil and gas properties, net	50,252,128	50,492,906
Total oil and gas properties, net	129,962,097	131,824,892
Fixed assets, net	594,023	200,243
Derivative asset		681,776
Other assets	110,194	110,194
TOTAL ASSETS	138,093,266	137,209,740
Current liabilities:
Accounts payable	2,979,179	2,549,280
Accrued expenses and other current liabilities	1,932,326	1,014,661
Undistributed revenues and royalties	1,132,653	1,207,605
Derivative liability	11,595,525	2,531,718
Amount due to directors	395,555	395,555
Current portion of longterm debt - net of debt discount	37,436,624	11,805,582
Total current liabilities	55,471,862	19,504,401
Longterm debt - net of current portion and debt discount	68,449,202	92,076,857
Operating lease liability	353,073
Asset retirement obligation	4,496,011	4,413,465
TOTAL LIABILITIES	128,770,148	115,994,723
Commitments and contingencies (Note 8)
STOCKHOLDERS' EQUITY
Preferred stock, $0.001 par value, 5,000,000 shares authorized, 28,092 shares issued and outstanding as of March 31, 2019 and December 31, 2018	28	28
Common stock, $0.001 par value, 500,000,000 shares authorized, 91,187,081 and 90,989,025 shares issued and outstanding as of March 31, 2019 and December 31, 2018 respectively	91,187	90,989
Additional paid-in capital	32,055,297	32,015,913
Accumulated deficit	(22,823,394)	(10,891,913)
TOTAL STOCKHOLDERS' EQUITY	9,323,118	21,215,017
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 138,093,266	$ 137,209,740