Consolidated Balance Sheets (USD $)	Dec. 31, 2014	Dec. 31, 2013
Current Assets:
Cash	$ 805,524	$ 1,079,356
Restricted Cash	0	228,840
Accounts receivable	1,278,509	2,461,746
Derivative receivable	3,736,005	0
Inventory	248,218	238,794
Marketable securities	1,018,573	1,018,573
Deposits and prepaid expenses	324,339	373,994
Total current assets	7,411,168	5,401,303
Non-current assets:
Fixed assets, net of accumulated depreciation of $1,945,607 and $1,785,401	2,404,703	2,406,591
Oil & gas properties using full cost accounting, net of accumulated DD&A of $13,827,347 and $10,567,906	64,263,272	61,349,403
Derivative receivable	985,746	0
Other non-current assets	993,207	834,180
Total non-current assets	68,646,928	64,590,174
Total assets	76,058,096	69,991,477
Current liabilities:
Accounts payable	3,042,835	2,424,009
Accrued liabilities	1,096,521	3,070,461
Derivative liability	0	1,011,708
Total current liabilities	4,139,356	6,506,178
Non-Current Liabilities:
Asset retirement obligation	2,906,093	2,687,801
Derivative liability		339,642
Long-term debt	23,011,660	31,547,255
Total non-current liabilities	25,917,753	34,574,698
Total liabilities	30,057,109	41,080,876
Commitments and Contingencies
Stockholders' Equity:
Preferred Stock Value	0	4,780
Common stock, $0.001 par value, 250,000,000 shares authorized; shares issued and outstanding - 7,643,114 at December 31, 2014 and 7,307,158 at December 31, 2013	7,643	7,307
Accumulated other comprehensive income	(552,589)	(552,589)
Paid in capital	63,825,998	49,913,509
Retained (deficit)	(17,280,817)	(20,462,406)
Total stockholders' equity	46,000,987	28,910,601
Total liabilities and stockholders' equity	76,058,096	69,991,477
10% Series A Cumulative Redeemable Preferred Stock [Member]
Stockholders' Equity:
Preferred Stock Value	$ 752	$ 0