Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2016	Dec. 31, 2015
CURRENT ASSETS
Cash	$ 337,671	$ 473,081
Restricted cash	232,412	231,916
Accounts receivable, trade	2,166,524	1,711,926
Accounts receivable due from drilling operator, net	334,414	218,456
Accounts receivable, related parties	18,500	18,500
Commodity derivatives	3,721,680	3,417,887
Advance royalties	391,883	337,133
Prepaid expenses	653,372	642,740
Total current assets	7,856,456	6,833,183
OIL AND GAS PROPERTIES, USING SUCCESSFUL EFFORTS ACCOUNTING
Proved properties	101,979,040	84,956,392
Unproved properties	7,360,226	6,829,029
Pipelines	4,435,421	4,435,421
Accumulated depreciation, depletion and amortization	(38,748,625)	(26,442,766)
Oil and gas properties, net	75,026,062	69,778,076
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $414,783 and $404,669, respectively	416,487	426,601
OTHER ASSETS
Assets held for sale		13,460,614
Commodity derivatives	2,189,678	2,423,508
Other assets	391,438	390,925
Total other assets	2,581,116	16,275,047
TOTAL ASSETS	85,880,121	93,312,907
CURRENT LIABILITIES
Accounts payable, trade	1,096,360	1,321,852
Accounts payable due to drilling operator, net		548,086
Accounts payable, related party	1,500	1,500
Accrued expenses	2,276,335	1,954,257
Environmental settlement and related costs	2,000,000	2,000,000
Revenue payable	14,734	8,578
Commodity derivatives	585,950	474,696
Notes payable, net - current (Note 7)	124,306,343	117,512,487
Total current liabilities	130,281,222	123,821,456
LONG-TERM LIABILITIES
Notes payable, net	2,230,955	2,134,018
Asset retirement obligations	52,041	39,669
Environmental settlement and related costs	3,000,000	3,000,000
Commodity derivatives	956,941	1,253,024
Deferred revenue	62,510	62,510
Total long-term liabilities	6,302,447	6,489,221
Total liabilities	136,583,669	130,310,677
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' DEFICIT
Preferred stock; 10,000,000 shares authorized at $0.001 par value; 0 shares issued and outstanding
Common stock; 500,000,000 shares authorized at $0.001 par value; 15,388,977 and 15,263,977 shares issued, and 15,386,977 and 15,261,977 shares outstanding, respectively	15,389	15,264
Additional paid-in capital	46,115,276	45,965,168
Treasury stock, at cost, 2,000 shares	(1,950)	(1,950)
Accumulated deficit	(96,832,263)	(82,976,252)
Total stockholders' deficit	(50,703,548)	(36,997,770)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 85,880,121	$ 93,312,907