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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Oil sales $ 228,187 $ 153,983
Natural gas sales 20,276 28,218
Royalty revenues 894 898
Total revenues 249,357 183,099
Oil and gas producing activities:    
Lease operating expenses 211,234 282,558
Production taxes 14,754 14,114
Depreciation, depletion, amortization and accretion 75,000 178,542
Impairment 0 252,000
General and administrative expenses:    
Director fees 10,000 10,000
Investor relations 2,649 1,907
Legal, auditing and professional fees 12,367 29,171
Consulting fees executive services-Related Parties 17,905 16,500
Other administrative expenses 8,163 15,166
Total operating expenses 352,072 799,958
Operating loss (102,715) (616,859)
Other income (expense):    
Other income 2,218 0
Interest expense net (25,581) (22,715)
Total other income (expense) (23,363) (22,715)
Loss before income taxes (126,078) (639,574)
Income tax benefit (expense) 0 0
Net loss (126,078) (639,574)
Net Loss Applicable to Common Stockholders:    
Net loss (126,078) (639,574)
Preferred stock dividends declared (47,470) (48,509)
Net loss applicable to common stockholders $ (173,548) $ (688,083)
Loss Per Share Applicable to Common Stockholders:    
Basic $ (0.01) $ (0.05)
Diluted $ (0.01) $ (0.05)
Weighted Average Number of Common Shares Outstanding:    
Basic 14,674,580 14,295,400
Diluted 14,674,580 14,295,400