BALANCE SHEETS - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Current Assets
Cash	$ 4,936,668	$ 4,994,598
Other Receivables, net	530,233	676,647
Revenue Receivables	188,682	303,528
Prepaid Expenses	82,915	63,308
Total Current Assets	5,738,498	6,038,081
Other Assets	610,779	610,779
Oil and Gas Properties, (Successful Efforts Basis), Equipment and Fixtures, net	1,656,836	1,733,424
Total Assets	8,006,113	8,382,284
Current Liabilities:
Accounts Payable and Accrued Expenses	2,400,139	2,469,245
Cash Advances on Pending Transactions	1,580,000	1,580,000
Deferred Drilling Obligation	8,594,001	7,894,001
Total Current Liabilities	12,574,140	11,943,246
Noncurrent Liabilities:
Asset Retirement Obligation	957,689	952,110
Total Noncurrent Liabilities	957,689	952,110
Total Liabilities	13,531,829	12,895,356
Stockholders’ Deficit:
Common Stock, No Par Value, 30,000,000 Shares Authorized, 21,797,572 and 21,836,033 shares issued and outstanding at March 31, 2017 and December 31, 2016	41,240,449	41,265,449
Accumulated Deficit	(46,766,165)	(45,778,521)
Total Stockholders’ Deficit	(5,525,716)	(4,513,072)
Total Liabilities and Stockholders’ Deficit	$ 8,006,113	$ 8,382,284

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.

Name:	us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent
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.