Consolidated Balance Sheets - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash	$ 713,924	$ 2,449,412
Accounts receivable - joint interest billing	828,583	240,450
Accounts receivable - joint interest billing - related party	204,730	286,226
Accounts receivable - crude oil, natural gas and NGL sales	1,412,612	179,236
Accounts receivable - other		27,876
Prepaid expenses and other assets	26,795	1,178,081
Deferred financing fee, net	251,389
Total current assets	3,438,033	4,361,281
Crude oil and natural gas properties - using successful efforts method:
Proved crude oil and natural gas properties	22,144,366	8,132,881
Unproved crude oil and natural gas properties	1,919,335	4,092,550
Wells in progress	9,858,262	2,168,092
Less: accumulated depletion, depreciation and amortization	(2,849,374)	(783,320)
Crude oil and natural gas properties, net	31,072,589	13,610,203
Property, plant and equipment, net	168,411	39,542
Other assets	233,871	15,758
TOTAL ASSETS	34,912,904	18,026,784
Current liabilities:
Accounts payable and accrued liabilities	4,140,352	3,009,106
Accounts payable and accrued liabilities - related party	589,496
Oil and gas revenue distributions payable	148,103	144,526
Drilling advances - related party	680,248	234,452
Asset retirement obligation	288,784
Line of credit - related party	5,000,000
Supplemental line of credit	3,552,500	7,088,698
Convertibles notes payable, net	6,831,897
Total current liabilities	21,231,380	10,476,782
Long-term liabilities
Line of credit - related party		5,000,000
Credit facility, net	4,896,565
Convertible notes payable, net		5,308
Other long-term liabilities	67,265	23,128
Asset retirement obligation	834,660	945,419
Total liabilities	27,029,870	16,450,637
Shareholders' equity:
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued or outstanding
Common stock, $0.001 par value, 100,000,000 shares authorized, 27,718,802 and 21,964,282 shares issued and outstanding, respectively	27,719	21,964
Additional paid-in capital	28,553,736	11,405,225
Accumulated deficit	(20,698,421)	(9,851,042)
Total Shareholders’ Equity	7,883,034	1,576,147
TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY	$ 34,912,904	$ 18,026,784