Slicers (applies to each fact value in each table cell)

Reporting Entity [Axis]

0001568079 (http://www.sec.gov/CIK)

Condensed Balance Sheets	Period [Axis]
	2016-12-31	2015-12-31
Condensed Balance Sheets
ASSETS
Current assets:
Cash	2,449,412	3,011,291
Accounts receivable - joint interest billing	240,450	384,618
Accounts receivable-joint interest billing-related party	286,226
Accounts receivable - crude oil, natural gas and NGL sales	179,236
Accounts receivable - other	27,876
Prepaid expenses and other assets	1,178,081	29,119
Total current assets	4,361,281	3,425,028
Crude oil and natural gas properties-using successful efforts method:
Proved crude oil and natural gas properties	8,132,881	724,058
Unproved crude oil and natural gas properties	4,092,550	715,594
Wells in progress	2,168,092	40,505
Less: accumulated depletion and depreciation	(783,320)	(724,058)
Crude oil and natural gas properties, net	13,610,203	756,099
Property, plant and equipment, net	39,542	1,828
Other assets	15,758	3,851
TOTAL ASSETS	18,026,784	4,186,806
LIABILITIES & SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued liabilities	3,009,106	312,590
Working interest and royalty owners distributions payable	144,526	949
Drilling advances - related party	234,452
Supplemental line of credit, net	7,088,698
Total current liabilities	10,476,782	313,539
Long term liabilities
Line of credit	5,000,000	1,062,185
Convertible notes payable, net	814,989
Other long term liabilities	23,128
Asset retirement obligation	945,419	34,776
Total liabilities	17,260,318	1,410,500
Shareholders' equity:
Preferred stock-$.01 par value: 10,000,000 shares authorized, none issued or outstanding	xsi:nil	xsi:nil
Common stock, $.001 par value, 100,000,000 shares authorized, 21,964,282 and 21,633,191 shares issued and outstanding, respectively	21,964	21,633
Additional paid in capital	10,593,324	8,124,443
Accumulated deficit	(9,848,822)	(5,369,770)
Total Shareholders' Equity	766,466	2,776,306
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	18,026,784	4,186,806