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5. OIL AND GAS PROPERTIES (Details 2) - USD ($)
$ in Thousands
May 01, 2016
Feb. 23, 2015
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 $ 793 1,578
Oil and gas properties, subject to amortization 3,587 43,562
Prepaid expenses and other assets   100
Total assets 4,380 45,240
Accounts payable 4,361 (664)
Asset retirement obligations (19) (87)
Total liabilities (4,380) (751)
Net assets acquired $ 3,587 $ 44,489