O. SUBSEQUENT EVENTS	9 Months Ended
Sep. 30, 2015
Subsequent Events [Abstract]
O. SUBSEQUENT EVENTS	The Company has evaluated subsequent events through November 16, 2015, the date these financial statements were available to be issued. The Company is not aware of any subsequent events which would require recognition or disclosure in the financial statements, except as noted below or already recognized or disclosed in the Company’s filings with the SEC. 1. Payment of Series A Preferred Stock Dividend Dividends on the Series A Preferred Stock are declared monthly based on the assessment of the Company’s financial position by the Board of Directors. Due to the current depressed commodity price environment which has adversely affected the Company’s cash flows and liquidity, the dividends on the Series A Preferred Stock have been suspended until such time as the Company and the Board of Directors have deemed that the Company has sufficient liquidity to restore their payment. 2. Borrowing Base Redetermination The borrowing base review currently underway remains in process at this time, and the Company cannot say what the new borrowing base will be and what terms the lenders will require.

O. SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2015

The Company has evaluated subsequent events through November 16, 2015, the date these financial statements were available to be issued. The Company is not aware of any subsequent events which would require recognition or disclosure in the financial statements, except as noted below or already recognized or disclosed in the Company’s filings with the SEC.

1. Payment of Series A Preferred Stock Dividend

Dividends on the Series A Preferred Stock are declared monthly based on the assessment of the Company’s financial position by the Board of Directors. Due to the current depressed commodity price environment which has adversely affected the Company’s cash flows and liquidity, the dividends on the Series A Preferred Stock have been suspended until such time as the Company and the Board of Directors have deemed that the Company has sufficient liquidity to restore their payment.

2. Borrowing Base Redetermination

The borrowing base review currently underway remains in process at this time, and the Company cannot say what the new borrowing base will be and what terms the lenders will require.