Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash	$ 3,040,648	$ 805,524
Restricted Cash	192,969	0
Accounts receivable	1,022,458	1,278,509
Derivative receivable	2,996,284	3,736,005
Inventory	234,690	248,218
Marketable securities	210,990	1,018,573
Deposits and prepaid expenses	436,672	324,339
Total current assets	8,134,711	7,411,168
Non-current assets:
Fixed assets, net of accumulated depreciation of $1,622,860 and $1,945,607	2,029,914	2,404,703
Oil and gas properties using full-cost accounting, net of accumulated DD&A of $14,859,675 and $13,827,347	23,208,551	64,263,272
Derivative receivable	930,048	985,746
Other non-current assets	99,355	993,207
Total non-current assets	26,267,868	68,646,928
Total assets	34,402,579	76,058,096
Current liabilities:
Accounts payable	782,035	3,042,835
Accrued liabilities	1,137,477	1,096,521
Current portion of long term debt	600,000	0
Total current liabilities	2,519,512	4,139,356
Asset retirement obligation	3,110,245	2,906,093
Long-term debt	18,450,000	23,011,660
Total non-current liabilities	21,560,245	25,917,753
Total liabilities	$ 24,079,757	$ 30,057,109
Commitments & Contingencies
Stockholders' Equity:
Common stock, $0.001 par value, 250,000,000 shares authorized; shares issued and outstanding 8,423,936 at September 30, 2015 and 7,643,114 at December 31, 2014	$ 8,424	$ 7,643
Paid-in capital	68,808,807	63,825,998
Accumulated other comprehensive income	0	(552,589)
Retained (deficit)	(58,495,350)	(17,280,817)
Total stockholder’s equity	10,322,822	46,000,987
Total liabilities and stockholders' equity	34,402,579	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