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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net loss $ (710,126) $ (216,573)
Adjustments to reconcile net loss to net cash used in operating activities:    
Value of warrants granted 117,068 0
Amortization of warrant value and conversion feature on convertible notes 47,705 43,339
Depreciation, depletion and accretion 1,254 0
Change in operating assets and liabilities:    
Oil sales receivable (21,237) 0
Prepaids 0 (23,894)
Accounts payable and accrued liabilities 14,920 19,791
Accrued interest payable 11,830 10,237
Net cash used in operating activities (538,586) (167,100)
Cash flows from investing activities    
Acquisition of oil and natural gas properties (1,160,866) 0
Net cash provided by investing activities (1,160,866) 0
Cash flows from financing activities:    
Proceeds from convertible notes issued 0 112,500
Proceeds from bank loan 867,520 0
Proceeds from demand note payable 25,000 0
Proceeds from stock and warrant issuance 787,500 0
Net cash provided by financing activities 1,680,020 112,500
Net change in cash (19,432) (54,600)
Cash - Beginning of period 77,780 68,743
Cash - End of period 58,348 14,143
NON-CASH INVESTING ACTIVITY    
Asset retirement obligation recorded as a part of oil and natural gas properties acquisition $ 183,203