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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash Flows From Operating Activities    
Net loss $ (9,839,396) $ (5,806,612)
Adjustments to reconcile net loss to net cash from operations:    
Stock based compensation 942,470 1,340,324
Stock issued for interest payments on notes payable 183,714 228,057
Amortization of debt issuance costs 286,584 268,917
Bad debt expense 34,500 0
Accretion of note discounts 429,138 216,732
Accrued interest payable in stock 228,057 0
Depreciation, depletion and amortization 4,393,160 1,173,752
Net settlement offset 0 (100,561)
Impairment loss 1,494,769 139,891
Change in:    
Accounts receivable (54,260) (3,400)
Production revenue receivable 194,169 (151,783)
Prepayments - development costs 146,422 1,189,230
Prepaid expenses (35,026) (21,474)
Other assets 6,362 0
Accounts payable and accrued expenses 311,603 14,116
Accrued interest payable 1,135,801 344,287
Net cash from operating activities (141,933) (1,168,524)
Cash Flows From Investing Activities    
Investment in oil and gas properties (8,783,658) (12,149,916)
Purchases of property, plant, and equipment (6,564) 0
Net cash used in investing activities (8,790,222) (12,149,916)
Cash Flows From Financing Activities    
Issuance of common stock 3,446,880 6,049,734
Proceeds from promissory notes 539,999 4,107,149
Repayment of promissory notes 0 (3,250,000)
Proceeds from notes payable 4,010,000 6,000,000
Proceeds from warrant exercise of warrants into common stock 184,843 200,000
Net cash from financing activities 8,181,722 13,106,883
Net decrease in cash (750,433) (211,557)
Cash - beginning of period 840,163 1,051,720
Cash - end of period 89,730 840,163
Supplemental disclosure of cash flow information: (Non Cash Items    
Common stock issued for oil and gas lease extension 125,000 0
Common stock issued for partial payment of unpaid compensation 0 59,000
Common stock issued for payment in kind on notes payable 314,108 221,024
Common stock issued in conversion of convertible note principal 50,000 0
Subscription receivable for sale of common stock 250,000 0
(Increase) in accounts payable for property development costs (520,094) (133,189)
Beneficial conversion feature on convertible notes 1,145,546 0
Debt discount from fair value of warrants issued with convertible notes 240,455 0
Cash paid for interest 1,554,510 1,519,573
Cash paid for state franchise tax $ 4,441 $ 0