Acquisitions and Dispositions of Oil and Gas Properties (Tables)

12 Months Ended

Dec. 31, 2015

Acquisitions And Dispositions Of Oil And Gas Properties Tables

Schedule of Acquisitions and Disposition of Oil and Gas Properties

Purchase Price allocation:	Amount
Cash	$	1,100,000
Common Stock		100,000
Total Consideration	$	1,200,000
Oil and gas properties	$	1,404,493
Asset retirement obligation assumed		(204,493	)
Total Purchase price allocation	$	1,200,000