Summary of Significant Accounting Policies (Details Narrative) |
12 Months Ended | ||
|---|---|---|---|
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Dec. 31, 2016
USD ($)
a
shares
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Dec. 31, 2015
USD ($)
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Dec. 24, 2015
a
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| Area of oil and gas property for Ironwood prospect | 6,115 | ||
| Restricted cash | $ | $ 240,000 | $ 25,000 | |
| Number of anti-dilutive shares | shares | 1,475,000 | ||
| Office Equipment [Member] | |||
| Useful life | 3 years | ||
| Vehicles [Member] | |||
| Useful life | 5 years | ||
| Drill Equipment [Member] | |||
| Useful life | 7 years | ||
| Oil and Gas Properties [Member] | |||
| Useful life | 20 years | ||
| Wilshire Energy Partners, LLC [Member] | |||
| Area of oil and gas property | 45,648 | 41,421 |
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- Definition It represents the area of oil and gas property for ironwood prospect. No definition available.
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- Definition Fractional interest owned based on working interests or other economic arrangements of area spaced or assigned to productive wells. No definition available.
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- Definition Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. No definition available.
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- Definition The carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. This element is for unclassified presentations; for classified presentations there is a separate and distinct element. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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