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
Mar. 31, 2017
USD ($)
$ / Barrel
Mar. 31, 2016
USD ($)
$ / Barrel
Organization And Summary Of Significant Accounting Policies [Line Items]    
Depreciation $ 72,705 $ 78,878
Amortization expense $ 3,474,019 $ 3,394,627
Depletion At The Rate Per Barrel | $ / Barrel 13.09 14.16
Estimated Present Value Of Future Net Revenues From Proved Reserves Discounted At An Interest Rate 10.00%  
Percentage Of Accounts Receivables 95.00%  
Impairment of Oil and Gas Properties   $ 21,412,086
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  
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 $ 416,860  
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 61.00%  
Sales Revenue, Net [Member] | Customer Two [Member]    
Organization And Summary Of Significant Accounting Policies [Line Items]    
Concentration Risk, Percentage 34.00%  
Accounts Receivable [Member] | Customer One [Member]    
Organization And Summary Of Significant Accounting Policies [Line Items]    
Concentration Risk, Percentage 73.00%  
Accounts Receivable [Member] | Customer Two [Member]    
Organization And Summary Of Significant Accounting Policies [Line Items]    
Concentration Risk, Percentage 24.00%