Acquisition (Details) - Total Belief Limited [Member] |
Dec. 31, 2016
USD ($)
|
|---|---|
| Assets | |
| Cash | $ 358,130 |
| Cash in escrow | 240,000 |
| Oil & gas properties | 10,016,990 |
| Drilling equipment | 265,578 |
| Investment | 100 |
| Bond deposits | 295,000 |
| Liabilities | |
| Accounts payable | (389,325) |
| Contingent Liabilities | (213,372) |
| Related party payable | (10,600) |
| Net assets acquired | $ 10,562,501 |
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- Definition The amount of deposit recognized as of the acquisition date. No definition available.
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- Definition The amount of cash in escrow recognized as of the acquisition date. No definition available.
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- Definition The amount of investment recognized as of the acquisition date. No definition available.
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- Definition The amount of property, plant, and equipment recognized as of the acquisition date. No definition available.
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- Definition The amount of related party payable recognized as of the acquisition date. No definition available.
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- References No definition available.
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions, acquired at the acquisition date. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of liability arising from an inherited contingency (as defined) which has been recognized as of the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of liabilities incurred for goods and services received that are used in an entity's business and related party payables, assumed at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount recognized as of the acquisition date for the identifiable assets acquired in excess of (less than) the aggregate liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of property, plant, and equipment recognized as of the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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