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5. OIL AND GAS PROPERTIES (Details 3) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net inome (loss)	$ (5,459)	$ (4,965)	$ (15,085)	$ (22,337)
Net income (loss) per common share	$ (0.12)	$ (0.17)	$ (0.37)	$ (0.81)
PEDEVCO [Member]
Revenue			$ 4,593	$ 4,192
Lease operating costs			(1,434)	(1,367)
Net inome (loss)			$ (15,081)	$ (22,169)
Net income (loss) per common share			$ (0.37)	$ (0.81)
Net Acquisitions/Dispositions [Member]
Revenue			$ 780	$ 1,401
Lease operating costs			(275)	(1,288)
Net inome (loss)			$ 505	$ 113
Net income (loss) per common share			$ 0.01	$ 0
Combined [Member]
Revenue			$ 5,373	$ 5,593
Lease operating costs			(1,709)	(2,655)
Net inome (loss)			$ (14,576)	$ (22,056)
Net income (loss) per common share			$ (0.36)	$ (0.81)

X

- Definition

The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Costs that are essential to acquiring the lease and would not otherwise have been incurred without the lease agreement, including evaluating the lessee's credit condition, guarantees, and collateral and costs incurred negotiating, processing, and closing the lease agreement.

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Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

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