XML 46 R21.htm IDEA: XBRL DOCUMENT

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events During the period of January 1, 2016 through and March 31, 2016, additional contributions of $402,000 were received, resulting in the issuance of an additional 402,000 common stock warrants for the purchase of shares of common stock of the Company. On January 6, 2016, Cause No. 50916, Trilogy Operating, Inc. v. Aurora Energy Partners, was filed in the 118th District Court of Howard County, Texas. This lawsuit alleges causes of action for a suit on a sworn account, breach of contract and a suit to foreclose on liens regarding the drilling and completion of seven wells. Aurora filed an answer on January 29, 2016. Discovery is ongoing in this case and no trial date has been set at this time. A Settlement and Forbearance Agreement was entered into on March 22, 2016 between the parties wherein no further post-judgment discovery or collection efforts will be made by Oz, for $154,000 of which $14,000 has been settled and $140,000 is remaining to be paid with monthly payments of $7,500 commencing April 15, 2016. This amount is included in Accrued Liabilities as of December 31, 2015.