CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (2,002,438)	$ (1,730,665)
Adjustments to reconcile net loss to net cash used in operations:
Depreciation and depletion	427,792	126,677
Accretion of asset retirement obligation	1,191	414
Impairment of oil and gas properties	677,051	0
Share-based compensation	68,434	433,776
Changes in operating assets and liabilities:
Decrease in insurance receivable	8,566,889	0
Increase / (Decrease) in prepaid expenses and other current assets	1,704	(124,364)
Decrease in accounts payable, contingent liabilities and accrued expenses	(558,438)	(185,571)
Decrease in settlement payable	(7,000,000)	0
Decrease in accrued legal costs	(1,676,889)	0
Net cash used in operating activities	(1,494,704)	(1,479,733)
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from escrow receivables	59,412	1,586,039
Cash paid for oil and gas development costs	(141,146)	(2,620,342)
Proceeds from sale of mineral interest	56,705	0
Net cash used in investing activities	(25,029)	(1,034,303)
Decrease in cash	(1,519,733)	(2,514,036)
Cash, beginning of period	4,052,212	7,578,730
Cash, end of period	2,532,479	5,064,694
SUPPLEMENTAL CASH FLOW INFORMATION
Interest paid	0	0
Income taxes paid	$ 18,423	$ 195,081