CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (1,538,872)	$ (1,219,012)
Adjustments to reconcile net loss to net cash used in operations:
Depreciation and depletion	278,075	55,423
Accretion of asset retirement obligation	1,053	276
Impairment of oil and gas properties	677,051	0
Stock-based compensation	39,758	412,278
Changes in operating assets and liabilities:
Decrease in insurance receivable	8,583,869	0
Increase in prepaid expenses and other current assets	(91,804)	(251,004)
Decrease in accounts payable, contingent liabilities and accrued expenses	(455,178)	(117,063)
Decrease in settlement payable	(7,000,000)	0
Decrease in accrued legal costs	(1,693,869)	(2,000)
Net cash used in operating activities	(1,199,917)	(1,121,102)
CASH FLOWS FROM INVESTING ACTIVITIES
Cash paid for oil and gas development costs	(192,856)	(2,310,396)
Proceeds from sale of mineral interest	56,705	0
Proceeds from escrow receivables	59,412	1,565,862
Net cash used in investing activities	(76,739)	(744,534)
Decrease in cash	(1,276,656)	(1,865,636)
Cash, beginning of period	4,052,212	7,578,730
Cash, end of period	2,775,556	5,713,094
SUPPLEMENTAL CASH FLOW INFORMATION
Interest paid	0	3
Income taxes paid	$ 18,060	$ 96,444