Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.7.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 801,377 $ 375,000
Prepaid expenses 49,140 170,833
Total Current Assets 850,517 545,833
Fixed assets, net 353,363
Restricted cash 240,000 25,000
Bonds 295,000
Oil and gas property, proved and unproved 11,198,411 72,430
Total Assets 12,937,291 643,263
Current Liabilities:    
Accounts payable and accrued liabilities 1,923,700 3,500
Related party payable 10,600
Accrued interest 789
Total Current Liabilities 1,934,300 4,289
Long-Term Liabilities:    
Long-term debt 6,000,000 600,000
Total Liabilities 7,934,300 604,289
Stockholders' Equity:    
Preferred stock, $0.0001 par value; 25,000,000 shares authorized; no shares outstanding
Common stock, $0.0001 par value; 30,000,000 shares authorized; 13,779,612 and 4,500,000 shares issued and outstanding, respectively 1,378 450
Stock payable 51,397
Additional paid in capital 6,924,810 71,980
Accumulated deficit (1,974,594) (33,456)
Total stockholders' equity 5,002,991 38,974
Total Liabilities and Stockholders' Equity $ 12,937,291 $ 643,263