Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Revenue $ 25,060 $ 98,954
Operating expenses        
Selling, general and administrative 1,114,788 651,378 1,946,541 860,128
Depreciation, depletion and amortization 18,428 36,797
Impairment of oil and gas properties 10,465 1,283,218
Total operating expenses 1,143,681 651,378 3,266,556 860,128
Loss from operations (1,118,621) (651,378) (3,167,602) (860,128)
Other income (expenses):        
Interest expense (139,157) (16,043) (249,675) (28,010)
Total other expenses (139,157) (16,043) (249,675) (28,010)
Net Loss $ (1,257,778) $ (667,421) $ (3,417,277) $ (888,138)
Net loss per share – basic and diluted $ (0.09) $ (0.11) $ (0.24) $ (0.17)
Weighted average common shares – basic and diluted 14,181,865 6,047,723 14,076,518 5,273,862