CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (339,451)	$ (1,187,064)
Adjustments to reconcile net loss to net cash used in operations:
Depreciation and depletion	25,013	131,903
Impairment of oil and gas properties	0	677,051
Stock-based compensation	22,868	19,795
Accretion of asset retirement obligation	138	582
Changes in operating assets and liabilities:
Decrease in insurance receivable	0	842,107
(Decrease)/increase in prepaid expenses and other current assets	725	(170,346)
Decrease in accounts payable and accrued expenses	(4,338)	(156,450)
Decrease in accrued legal fees	0	(842,107)
Net cash used in operating activities	(295,045)	(684,529)
CASH FLOWS FROM INVESTING ACTIVITIES
Payments for the acquisition and development of oil and gas properties	(40,603)	(24,847)
Net cash used in investing activities	(40,603)	(24,847)
CASH FLOWS FROM FINANCING ACTIVITIES
Payments for the acquisition of treasury shares	(90,079)	0
Net cash used in financing activities	(90,079)	0
Decrease in cash	(425,727)	(709,376)
Cash, beginning of period	2,123,520	4,052,212
Cash, end of period	1,697,793	3,342,836
SUPPLEMENTAL CASH FLOW INFORMATION
Interest paid	0	0
Taxes paid	$ 226	$ 751