Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash	$ 1,077,133	$ 805,524
Restricted Cash	779,373	0
Accounts receivable	2,529,386	1,278,509
Derivative receivable	2,523,729	3,736,005
Inventory	186,821	248,218
Marketable securities	210,990	1,018,573
Deposits and prepaid expenses	632,280	324,339
Total current assets	7,939,712	7,411,168
Non-current assets:
Fixed assets, net of accumulated depreciation of $1,990,400 and $1,945,607	2,229,916	2,404,703
Oil and gas properties using full-cost accounting, net of accumulated DD&A of $14,780,029 and $13,827,347	35,622,402	64,263,272
Derivative receivable	26,702	985,746
Other non-current assets	929,313	993,207
Total non-current assets	38,808,333	68,646,928
Total assets	46,748,045	76,058,096
Current liabilities:
Accounts payable	1,191,947	3,042,835
Accrued liabilities	1,246,339	1,096,521
Current portion of long term debt	1,379,064	0
Total current liabilities	3,817,350	4,139,356
Asset retirement obligation	3,045,818	2,906,093
Long-term debt	20,100,000	23,011,660
Total non-current liabilities	23,145,818	25,917,753
Total liabilities	$ 26,963,168	$ 30,057,109
Commitments & Contingencies
Stockholders' Equity:
Common stock, $0.001 par value, 250,000,000 shares authorized; shares issued and outstanding 8,424,161 at June 30, 2015 and 7,643,114 at December 31, 2014	$ 8,424	$ 7,643
Paid-in capital	68,738,638	63,825,998
Accumulated other comprehensive income	0	(552,589)
Retained (deficit)	(48,963,126)	(17,280,817)
Total stockholder’s equity	19,784,877	46,000,987
Total liabilities and stockholders' equity	46,748,045	76,058,096
10% Series A Cumulative Redeemable Preferred Stock [Member]
Stockholders' Equity:
Preferred Stock Value	939	752
Series B Convertable Preferred Stock [Member]
Stockholders' Equity:
Preferred Stock Value	$ 2	$ 0