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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
PIK Note Derivative Liability [Member]        
OTHER INCOME (EXPENSE):        
Gain (loss) on revaluation of PIK Note derivative $ (742,509) $ 1,313,110 $ 1,291,406 $ 1,220,369
REVENUES 1,112,467 65,848 2,114,095 228,595
Production costs 220,970 3,934 476,670 6,170
Exploration costs 584,150 1,291,197 1,111,878 2,618,478
General and administrative 1,066,927 1,247,466 2,250,136 2,429,775
Depreciation expense 338,333 326,684 674,420 652,905
Total Operating Expenses 2,210,380 2,869,281 4,513,104 5,707,328
Operating Loss (1,097,913) (2,803,433) (2,399,009) (5,478,733)
Interest expense, net, including amortization of deferred financing cost and debt discount (1,356,841) (1,092,595) (2,729,261) (2,121,222)
Other income (expense) 11,904 (145,958) 104,980 (543,755)
Total Other Income (Expense) (2,087,446) 74,557 (1,332,875) (1,444,608)
Net Loss $ (3,185,359) $ (2,728,876) $ (3,731,884) $ (6,923,341)
Net Loss Per Share (Basic and Diluted) (in dollars per share) $ (0.03) $ (0.03) $ (0.04) $ (0.07)
Weighted Average Shares Outstanding (Basic and Diluted) (in shares) 97,889,350 95,653,519 97,556,480 95,381,825