Quarterly report pursuant to Section 13 or 15(d)

BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Details Textual)

v3.7.0.1
BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Details Textual)
 3 Months Ended 6 Months Ended
Jun. 30, 2017
USD ($)
$ / bbl
Jun. 30, 2016
USD ($)
$ / bbl
Jun. 30, 2017
USD ($)
$ / bbl
Jun. 30, 2016
USD ($)
$ / bbl
Organization And Summary Of Significant Accounting Policies [Line Items]        
Depreciation $ 76,773 $ 78,878 $ 149,478 $ 157,756
Amortization expense $ 5,136,426 $ 2,579,201 $ 8,610,445 $ 5,973,828
Depletion At The Rate Per Barrel | $ / bbl 4.97 12.85 4.97 12.85
Estimated Present Value Of Future Net Revenues From Proved Reserves Discounted At An Interest Rate     10.00%  
Percentage Of Accounts Receivables 91.00%   91.00%  
Impairment of Oil and Gas Properties   $ 25,451,988   $ 46,864,074
Accounting Standards Update 2016-09 [Member] | 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  
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 $ (105,963)   $ 310,897  
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     68.00%  
Sales Revenue, Net [Member] | Customer Two [Member]        
Organization And Summary Of Significant Accounting Policies [Line Items]        
Concentration Risk, Percentage     27.00%  
Accounts Receivable [Member] | Customer One [Member]        
Organization And Summary Of Significant Accounting Policies [Line Items]        
Concentration Risk, Percentage     86.00%  
Accounts Receivable [Member] | Customer Two [Member]        
Organization And Summary Of Significant Accounting Policies [Line Items]        
Concentration Risk, Percentage     11.00%