XML 23 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenue:        
Petroleum Sales $ 0 $ 0 $ 0 $ 0
Costs and expenses:        
Lease abandonment expense 0 31,750 0 31,750
Production & operating 0 12,082 0 17,005
General & administrative 40,220 33,436 137,656 127,998
Total costs and expenses 40,220 77,268 137,656 176,753
Operating loss (40,220) (77,268) (137,656) (176,753)
Other income and (expense):        
Interest earned 5 0 19 0
Interest expense 0 (1,300) 0 (3,151)
Total other income and (expenses) 5 (1,300) 19 (3,151)
Net loss $ (40,215) $ (78,568) $ (137,637) $ (179,904)
Net loss per common share, basic and diluted $ (0.00) $ (0.01) $ (0.02) $ (0.02)
Weighted average number of common shares outstanding basic and diluted 8,710,609 7,630,609 8,583,550 7,630,609