Quarterly report pursuant to Section 13 or 15(d)

11. Fair Value of Financial Instruments (Details-Recurring basis)

v3.5.0.2
11. Fair Value of Financial Instruments (Details-Recurring basis) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Fair Value Inputs Level1 [Member]    
Assets    
Cash and cash equivalents   $ 228,194
Derivative Instruments (crude oil swaps and collars)   0
Total assets   228,194
Liabilities    
Revolving credit facilities and long term debt, net of discounts   0
Total Liabilities   0
Total Assets and Liablilties   228,194
Fair Value Inputs Level2 [Member]    
Assets    
Cash and cash equivalents   0
Derivative Instruments (crude oil swaps and collars)   1,154,400
Total assets   1,154,400
Liabilities    
Revolving credit facilities and long term debt, net of discounts   60,350,629
Total Liabilities   60,350,629
Total Assets and Liablilties   (59,196,229)
Fair Value Inputs Level3 [Member]    
Assets    
Cash and cash equivalents   0
Derivative Instruments (crude oil swaps and collars)   0
Total assets   0
Liabilities    
Revolving credit facilities and long term debt, net of discounts   0
Total Liabilities   0
Total Assets and Liablilties   $ 0
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level1 [Member]    
Assets    
Cash and cash equivalents $ 57,366  
Derivative Instruments (crude oil swaps and collars) 0  
Total assets 57,366  
Liabilities    
Revolving credit facilities and long term debt, net of discounts 0  
Total Liabilities 0  
Total Assets and Liablilties 57,366  
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level2 [Member]    
Assets    
Cash and cash equivalents 0  
Derivative Instruments (crude oil swaps and collars) 0  
Total assets 0  
Liabilities    
Revolving credit facilities and long term debt, net of discounts 0  
Total Liabilities 0  
Total Assets and Liablilties 0  
Fair Value, Measurements, Recurring [Member] | Fair Value Inputs Level3 [Member]    
Assets    
Cash and cash equivalents 0  
Derivative Instruments (crude oil swaps and collars) 0  
Total assets 0  
Liabilities    
Revolving credit facilities and long term debt, net of discounts 0  
Total Liabilities 0  
Total Assets and Liablilties $ 0