BALANCE SHEETS - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Current Assets
Cash	$ 2,543,296	$ 3,763,819
Other Receivables, net	409,453	381,192
Revenue Receivables	99,409	147,936
Prepaid Expenses	168,074	114,036
Total Current Assets	3,220,232	4,406,983
Other Assets	690,844	730,844
Oil and Gas Properties, (Successful Efforts Basis), Equipment and Fixtures, net	6,396,095	6,532,478
Total Assets	10,307,171	11,670,305
Current Liabilities:
Accounts Payable and Accrued Expenses	3,205,711	2,937,226
Current Portion of Long-Term Debt	31,200	30,528
Deferred Drilling Obligation	7,199,443	8,415,528
Total Current Liabilities	10,436,354	11,383,282
Noncurrent Liabilities:
Asset Retirement Obligation	1,130,357	1,096,179
Note Payable, less current portion	1,408,074	1,416,325
Total Noncurrent Liabilities	2,538,431	2,512,504
Total Liabilities	12,974,785	13,895,786
Stockholders' Deficit:
Convertible preferred stock, Series AA, no par value, 147,500 shares authorized; 46,662 shares issued and outstanding at March 31, 2016 and December 31, 2015	136,149	136,149
Common Stock, no par value, authorized 30,000,000 shares, 17,651,385 and 16,396,579 shares issued and outstanding at March 31, 2016 and December 31, 2015	39,028,938	38,846,751
Additional Paid in Capital	425,678	425,678
Accumulated Deficit	(42,258,379)	(41,634,059)
Total Stockholders' Deficit	(2,667,614)	(2,225,481)
Total Liabilities and Stockholders' Deficit	$ 10,307,171	$ 11,670,305