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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue:        
Petroleum sales $ 24,277 $ 0 $ 24,277 $ 0
Costs and expenses:        
Production and operating 26,128 0 26,128 0
Severance taxes 3,040 0 3,040 0
Depletion, depreciation & accretion 1,254 0 1,254 0
General and administrative 205,397 51,250 642,476 164,260
Total costs and expenses 235,819 51,250 672,898 164,260
Operating loss (211,542) (51,250) (648,621) (164,260)
Other expense:        
Interest expense 22,032 17,399 61,505 52,313
Total other expense 22,032 17,399 61,505 52,313
Net loss $ (233,574) $ (68,649) $ (710,126) $ (216,573)
Net loss per common share, basic and diluted $ (0.02) $ (0.01) $ (0.06) $ (0.02)
Weighted average number of common shares outstanding basic and diluted 13,040,480 8,779,326 11,731,332 8,733,599