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ACQUISITION OF ENERGYQUEST II ASSETS (Tables)
9 Months Ended
Sep. 30, 2019
Contribution Properties [Member]  
Schedule of purchase price allocation

 

Fair Value of Assets Acquired      
Accounts receivable   $ 1,256,094  
Inventory of oil in tanks     438,320  
Oil properties     8,341,525  
         
Total Assets Acquired   $ 10,035,939  
         
Fair Value of Liabilities Assumed        
Accounts payable – trade   $ 1,310,516  
Asset retirement obligations     3,267,380  
         
Total liabilities assumed   $ 4,577,896  
         
Total consideration paid   $ 5,458,043