Quarterly report pursuant to Section 13 or 15(d)

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Details Textual)

v3.8.0.1
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Details Textual)
 3 Months Ended 9 Months Ended
Sep. 30, 2017
USD ($)
$ / Barrel-bbl
Sep. 30, 2016
USD ($)
$ / Barrel-bbl
Sep. 30, 2017
USD ($)
$ / Barrel-bbl
Sep. 30, 2016
USD ($)
$ / Barrel-bbl
Organization And Summary Of Significant Accounting Policies [Line Items]        
Depreciation $ 83,445 $ 71,666 $ 232,923 $ 229,422
Amortization expense $ 4,823,044 $ 2,568,153 $ 13,433,489 $ 8,541,981
Depletion At The Rate Per Barrel | $ / Barrel-bbl 12.46 11.72 12.46 11.72
Estimated Present Value Of Future Net Revenues From Proved Reserves Discounted At An Interest Rate     10.00%  
Percentage Of Accounts Receivables 90.00%   90.00%  
Impairment of Oil and Gas Properties   $ 9,648,942   $ 56,513,016
Derivative, Gain (Loss) on Derivative, Net $ 65,828 $ 0 $ 65,828 $ 0
Adjustments To Deferred Income Taxes And Retained Loss [Member]        
Organization And Summary Of Significant Accounting Policies [Line Items]        
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets 1,596,463   1,596,463  
Adjustments To Income Tax Provision [Member]        
Organization And Summary Of Significant Accounting Policies [Line Items]        
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Net Income $ 225,916      
Accounting Standards Update 2016-09 [Member] | Adjustments To Income Tax Provision [Member]        
Organization And Summary Of Significant Accounting Policies [Line Items]        
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Net Income     $ 84,981  
Maximum [Member] | Office Equipment [Member]        
Organization And Summary Of Significant Accounting Policies [Line Items]        
Property, Plant and Equipment, Useful Life     7 years  
Minimum [Member] | Office Equipment [Member]        
Organization And Summary Of Significant Accounting Policies [Line Items]        
Property, Plant and Equipment, Useful Life     5 years  
Sales Revenue, Net [Member] | Customer One [Member]        
Organization And Summary Of Significant Accounting Policies [Line Items]        
Concentration Risk, Percentage     73.00%  
Sales Revenue, Net [Member] | Customer Two [Member]        
Organization And Summary Of Significant Accounting Policies [Line Items]        
Concentration Risk, Percentage     23.00%  
Accounts Receivable [Member] | Customer One [Member]        
Organization And Summary Of Significant Accounting Policies [Line Items]        
Concentration Risk, Percentage     85.00%  
Accounts Receivable [Member] | Customer Two [Member]        
Organization And Summary Of Significant Accounting Policies [Line Items]        
Concentration Risk, Percentage     11.00%