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Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUES        
Crude oil sales $ 1,126 $ 24,405 $ 0 $ 8,915
Oil & Gas operating costs 8,990 18,303 226 9,789
Gross Profit (7,864) 6,102 (226) (874)
OPERATING EXPENSES        
Depreciation 1,412 1,412 706 706
General and administrative 54,461 45,132 26,410 17,389
Compensation and professional fees 45,680 76,053 13,116 27,650
Total Operating Expenses 101,553 122,597 40,232 45,745
LOSS FROM OPERATIONS (109,417) (116,495) (40,458) (46,619)
OTHER INCOME (EXPENSE)        
Gain on debt forgiveness 0 0 0 0
Gain(loss) on investments 0 0 0 0
Interest expense (51,879) (53,215) (26,203) (27,509)
Total Other Income (Expense) (51,879) (53,215) (26,203) (27,509)
NET INCOME (LOSS) BEFORE INCOME TAXES (161,296) (169,710) (66,661) (74,128)
PROVISION FOR INCOME TAXES 0 0 0 0
NET INCOME (LOSS) (161,296) (169,710) (66,661) (74,128)
OTHER COMPREHENSIVE INCOME/(LOSS) NET OF TAXES        
Unrealized income (loss) on available for sale marketable securities 7,745 12,641 3,550 5,591
COMPREHENSIVE INCOME/(LOSS) $ (153,551) $ (157,069) $ (63,111) $ (68,537)
LOSS PER SHARE - BASIC & DILUTED $ (0.02) $ (0.02) $ (0.01) $ (0.01)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING 8,425,089 8,175,090 8,425,089 8,175,090