BALANCE SHEETS - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Current Assets
Cash	$ 4,029,372	$ 3,763,819
Other Receivables, net	634,817	381,192
Revenue Receivables	158,339	147,936
Prepaid Expenses	654,429	114,036
Total Current Assets	5,476,957	4,406,983
Other Assets	616,992	730,844
Oil and Gas Properties, (Successful Efforts Basis), Equipment and Fixtures, net	3,970,890	6,532,478
Total Assets	10,064,839	11,670,305
Current Liabilities:
Accounts Payable and Accrued Expenses	2,236,679	2,937,226
Cash Advances From Investors	1,950,000	0
Current Portion of Long-Term Debt	0	30,528
Deferred Drilling Obligation	7,261,398	8,415,528
Total Current Liabilities	11,448,077	11,383,282
Noncurrent Liabilities:
Asset Retirement Obligation	1,154,910	1,096,179
Note Payable, less current portion	0	1,416,325
Total Noncurrent Liabilities	1,154,910	2,512,504
Total Liabilities	12,602,987	13,895,786
Stockholders’ Deficit:
Convertible preferred stock, Series AA, no par value, 147,500 shares authorized; 46,662 shares issued and outstanding at September 30, 2016 and December 31, 2015	136,149	136,149
Common Stock, no par value, authorized 30,000,000 shares, 20,774,162 and 16,396,579 shares issued and outstanding at September 30, 2016 and December 31, 2015	40,184,300	38,846,751
Additional Paid in Capital	494,379	425,678
Accumulated Deficit	(43,352,976)	(41,634,059)
Total Stockholders’ Deficit	(2,538,148)	(2,225,481)
Total Liabilities and Stockholders’ Deficit	$ 10,064,839	$ 11,670,305

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.