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STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (Loss) $ (2,010,816) $ (2,151,856)
Adjustments to Reconcile Net Loss to Net Cash Used by Operating Activities:    
Depreciation, Depletion, and Amortization 400,813 315,574
Lease Impairment 424,163 268,093
Gain on Sale of Assets (968,956) (342,851)
Gain on Turnkey Drilling Programs (2,330,969) (1,640,731)
Bad Debt Expense 536,538 653,133
Stock-Based Compensation 230,749 33,785
Realized Loss on Equity Securities 6,503 0
Well Equipment and Other Assets Write Down 60,960 0
(Increase) Decrease in:    
Other & Revenue Receivables 1,187,810 (1,225,817)
Prepaid Expenses and Other Assets (236,615) 16,569
Increase (Decrease) in:    
Accounts Payable and Accrued Expenses (1,273,360) (887,926)
Deferred Drilling Obligations 477,742 1,811,853
Deferred Income Taxes 0 (1,775)
Net Cash Used by Operating Activities (3,495,438) (3,151,949)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Expenditures for Oil And Gas Properties (3,753,134) (3,182,600)
Proceeds from Turnkey Drilling Programs 4,955,734 4,172,296
Proceeds from Sale of Assets 2,334,537 369,977
Net Cash Provided by Investing Activities 3,537,137 1,359,673
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Long-Term Debt 0 0
Principal Payments on Long-Term Debt (29,031) (24,116)
Proceeds from Stock Options and Warrant Exercises 0 0
Proceeds from Sale of Common Stock 689,310 0
Net Cash Provided by (Used In) Financing Activities 660,279 (24,116)
Net Increase (Decrease) in Cash and Cash Equivalents 701,978 (1,816,392)
Cash & Cash Equivalents at Beginning of Year 3,061,841 4,878,233
Cash & Cash Equivalents at End of Year 3,763,819 3,061,841
Cash Paid for Interest 86,088 81,606
Cash Paid for Taxes 1,000 3,855
Supplemental Schedule of Non-Cash Investing and Financing Transactions:    
Conversion of Series AA Stock to Common Stock 0 17,865
Unrealized Gain (Loss) on Available-for-Sale Securities, net of tax effect 0 (16,448)
Reclassification Adjustment for Losses Included in Net Income $ (6,503) $ 0