OIL AND GAS PROPERTIES (Tables)

3 Months Ended

Mar. 31, 2015

OIL AND GAS PROPERTIES [Abstract]

Revenues and long lived assets attributable to geographical area

The Company currently has operations in two geographical areas, the United States and Colombia. Revenues for the three months ended March 31, 2015 and long lived assets (net of depletion, amortization, and impairments) as of March 31, 2015 attributable to each geographical area are presented below:

	Three Months Ended March 31, 2015			As of March 31, 2015
	Revenues			Long Lived Assets, Net
United States		$	101,971		$	2,678,163
Colombia			—			2,037,757
Total		$	101,971		$	4,715,920