Quarterly report pursuant to Section 13 or 15(d)

4. Debt Restructuring (Details - Balance Sheet)

v3.5.0.2
4. Debt Restructuring (Details - Balance Sheet) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Assets from discontinued operations, current    
Total assets from discontinued operations, current $ 0 $ 6,229,646
Assets from discontinued operations, long term    
Total assets from discontinued operations, long term 0 31,808,230
Liabilities from discontinued operations, current    
Total liabilities from discontinued operations, current 0 68,312,897
Liabilities from discontinued operations, long term    
Total liabilities from discontinued operations, long term $ 0 368,089
Discontinued Operations [Member]    
Assets from discontinued operations, current    
Derivative instruments   1,154,400
Accounts receivable   5,038,146
Prepaid expenses   37,100
Total assets from discontinued operations, current   6,229,646
Assets from discontinued operations, long term    
Proved properties   131,168,906
Unproved properties   10,394
Total oil and natural gas properties, full cost method of accounting   131,179,300
Less, accumulated depletion and allowance for impairment   (99,371,070)
Total assets from discontinued operations, long term   31,808,230
Total assets from discontinued operations   38,037,876
Liabilities from discontinued operations, current    
Accounts payable   7,906,438
Accrued expenses   55,830
Current portion of revolving credit facility and long term debt   60,350,629
Total liabilities from discontinued operations, current   68,312,897
Liabilities from discontinued operations, long term    
Asset retirement obligations   368,089
Total liabilities from discontinued operations, long term   368,089
Total liabilities from discontinued operations   $ 68,680,986