Condensed Balance Sheets - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash	$ 4,924,630	$ 2,449,412
Accounts receivable - joint interest billing	52,001	240,450
Accounts receivable-joint interest billing-related party	1,145,611	286,226
Accounts receivable - crude oil, natural gas and NGL sales	1,125,891	179,236
Accounts receivable - other	92,790	27,876
Deferred equity issuance costs	8,715	0
Prepaid expenses and other assets	765,862	1,178,081
Total current assets	8,115,500	4,361,281
Crude oil and natural gas properties-using successful efforts method:
Proved crude oil and natural gas properties	16,412,110	8,132,881
Unproved crude oil and natural gas properties	4,923,814	4,092,550
Wells in progress	403,563	2,168,092
Less: accumulated depletion and depreciation	(1,229,486)	(783,320)
Crude oil and natural gas properties, net	20,510,001	13,610,203
Property, plant and equipment, net	98,077	39,542
Other assets	15,758	15,758
TOTAL ASSETS	28,739,336	18,026,784
Current liabilities:
Accounts payable and accrued liabilities	7,657,102	3,009,106
Working interest and royalty owners distributions payable	228,439	144,526
Drilling advances - related party	16,696	234,452
Supplemental line of credit, net	7,105,000	7,088,698
Total current liabilities	15,007,237	10,476,782
Long term liabilities
Line of credit	5,000,000	5,000,000
Convertible notes payable, net	988,352	5,308
Other long term liabilities	23,316	23,128
Asset retirement obligation	964,415	945,419
Total liabilities	21,983,320	16,450,637
Shareholders' equity:
Preferred stock-$.01 par value: 10,000,000 shares authorized, none issued or outstanding
Common stock, $.001 par value, 100,000,000 shares authorized, 21,964,282 and 21,964,282 shares issued and outstanding, respectively	21,964	21,964
Additional paid in capital	18,724,233	11,405,225
Accumulated deficit	(11,990,181)	(9,851,042)
Total Shareholders' Equity	6,756,016	1,576,147
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 28,739,336	$ 18,026,784