XML 32 R32.htm IDEA: XBRL DOCUMENT v3.3.0.814
5. OIL AND GAS PROPERTIES (Details 1)
$ in Thousands
Feb. 23, 2015
USD ($)
Purchase price on February 23, 2015  
Fair value of common stock issued $ 2,734
Fair value of Series A Preferred stock issued 28,402
Assumption of subordinated notes payable 8,353
Kazakhstan option issued 5,000
Total purchase price 44,489
Fair value of net assets at February 23, 2015  
Accounts receivable - oil and gas 1,578
Oil and gas properties, subject to amortization 43,562
Prepaid expenses and other assets 100
Total assets 45,240
Accounts payable (664)
Asset retirement obligations (87)
Total liabilities (751)
Net assets acquired $ 44,489