SHARE-BASED COMPENSATION EXPENSE (Details) - USD ($)	1 Months Ended		3 Months Ended		9 Months Ended
	Jun. 30, 2015	Apr. 30, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Options [Roll Forward]
Outstanding at beginning of the period (in shares)					3,392,832
Granted (in shares)					1,108,333
Exercised (in shares)					0
Forfeited (in shares)					(40,000)
Outstanding at end of the period (in shares)			4,461,165		4,461,165
Exercisable at end of the period (in shares)			2,794,499		2,794,499
Weighted-Average Exercise Price [Roll Forward]
Outstanding at beginning of the period (in dollars per share)					$ 3.21
Granted (in dollars per share)					0.21
Exercised (in dollars per share)					0
Forfeited (in dollars per share)					2.00
Outstanding at end of the period (in dollars per share)			$ 2.47		2.47
Exercisable at end of the period (in dollars per share)			$ 3.78		$ 3.78
Aggregate Intrinsic Value [Abstract]
Outstanding at end of the period			$ 0		$ 0
Exercisable at end of the period			$ 0		$ 0
Exercise price of options granted (in dollars per share)					$ 0.21
Share-based compensation amortized expense					$ 68,434	$ 433,776
Employee [Member]
Options [Roll Forward]
Granted (in shares)					900,000
Weighted-Average Exercise Price [Roll Forward]
Granted (in dollars per share)					$ 0.2158
Aggregate Intrinsic Value [Abstract]
Option vesting period					10 years
Exercise price of options granted (in dollars per share)					$ 0.2158
Total value of options granted					$ 80,075
Risk free interest rate					1.36%
Stock option expected life					4 years 11 months 23 days
Expected stock volatility					105.00%
Minimum aggregate gross proceeds from the sale of equity securities under vesting condition					$ 10,000,000
Minimum aggregate purchase price of oil and gas properties under vesting condition					$ 10,000,000
Non-employee Directors [Member]
Options [Roll Forward]
Granted (in shares)	200,000	8,333			200,000
Weighted-Average Exercise Price [Roll Forward]
Granted (in dollars per share)		$ 0.2158			$ 0.2028
Aggregate Intrinsic Value [Abstract]
Option vesting period		10 years			10 years
Exercise price of options granted (in dollars per share)		$ 0.2158			$ 0.2028
Total value of options granted		$ 799			$ 17,082
Risk free interest rate		1.36%			1.73%
Stock option expected life		4 years 11 months 23 days			5 years 4 days
Expected stock volatility		105.00%			105.00%
Stock option vesting percentage		20.00%	20.00%		20.00%
Percentage of stock options expected to vest		80.00%	80.00%		80.00%
Officer [Member]
Options [Roll Forward]
Granted (in shares)		900,000
Options [Member]
Aggregate Intrinsic Value [Abstract]
Share-based compensation amortized expense			$ 28,676		$ 68,434
Unrecognized share-based compensation expense related to non-vested stock options			$ 149,502		$ 149,502
Weighted average period for recognition of compensation expense					1 year 6 months 25 days
Weighted average remaining contractual term of the outstanding options					6 years 11 months 23 days
Weighted average remaining contractual term of the exercisable options					5 years 7 months 10 days
Shares available for grant (in shares)			1,538,835		1,538,835
Restricted Stock [Member]
Aggregate Intrinsic Value [Abstract]
Share-based compensation amortized expense				$ 0		$ 36,821
Fair market value of the shares on date of grant					$ 743,400
Unrecognized compensation cost related to unvested restricted stock			$ 0		$ 0
Restricted Stock [Member] | Officer [Member]
Aggregate Intrinsic Value [Abstract]
Option vesting period			3 years
Restricted stock granted to officers (in shares)					45,000