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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
REVENUES    
Oil and gas revenue $ 2,243,325 $ 630,392
Lease bonus revenue 113,335
Total operating revenue 2,356,660 630,392
EXPENSES OF OPERATIONS    
Lease operating expense and severance tax 914,269 216,429
General and administrative expense 1,422,560 2,128,667
Depreciation and depletion 357,822 161,489
Total operating expenses 2,694,651 2,506,585
Loss from operations (337,991) (1,876,193)
OTHER INCOME (EXPENSE)    
Interest income 102 184
Other income 86,553 10,000
Interest expense (171,605)
Total other income (expense), net 86,655 (161,421)
Loss before taxes (251,336) (2,037,614)
Income tax expense (benefit)
Net loss (251,336) (2,037,614)
Dividends to Series A and B Preferred shareholders (238,950) (140,232)
Net loss attributable to common shareholders $ (490,286) $ (2,177,846)
Basic and diluted net loss per common share outstanding $ (0.01) $ (0.04)
Basic and diluted weighted average number of common shares outstanding 60,616,220 53,879,606