XML 42 R31.htm IDEA: XBRL DOCUMENT v3.20.2
ACQUISITION OF PARDUS OIL AND NATURAL GAS PROPERTIES (Details Narrative) - USD ($)
9 Months Ended
Apr. 06, 2020
Sep. 30, 2020
Dec. 31, 2019
Accounts payable   $ 20,456  
Asset retirement obligations   15,928,473 $ 5,788,280
Purchase and Sale Agreement [Member]      
Asset retirement obligations   $ 9,508,484  
Description of asset acquired Purchase certain oil and natural gas properties in Texas comprising 139 gross wells and approximately 30,000 net acres, 77.3 miles of gathering lines and pipelines and related facilities and equipment, and all general and limited partner interest in Pardus Oil & Gas Operating, LP. The purchase price included the assumption of certain obligations and a contingent payment not to exceed $2,000,000 reduced by certain revenue suspense amounts. The contingent payment is based on monthly oil production in excess of a specified level from the purchased properties and an average monthly realized oil price of $40 or more per barrel of oil through December 31, 2022.    
December 2022 [Member]      
Average price per barrel   $ 40