Annual report pursuant to Section 13 and 15(d)

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual)

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ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Organization And Summary Of Significant Accounting Policies [Line Items]      
Fair Value, Concentration of Risk, Cash and Cash Equivalents $ 70,836,381 $ 4,181,350  
Depreciation 303,456 286,304 $ 127,257
Share-based Compensation 2,267,053 2,566,716 $ 2,517,211
Impairment of Oil and Gas Properties $ 56,513,016 $ 9,312,203  
Sales Revenue, Net [Member] | Customer One [Member]      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Concentration Risk, Percentage 50.00% 48.00% 75.00%
Sales Revenue, Net [Member] | Customer Two [Member]      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Concentration Risk, Percentage 42.00% 23.00% 18.00%
Sales Revenue, Net [Member] | Customer Three [Member]      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Concentration Risk, Percentage   20.00%  
Accounts Receivable [Member] | Customer One [Member]      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Concentration Risk, Percentage 59.00% 30.00% 45.00%
Accounts Receivable [Member] | Customer Two [Member]      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Concentration Risk, Percentage 32.00% 53.00% 37.00%
Accounts Receivable [Member] | Customer Three [Member]      
Organization And Summary Of Significant Accounting Policies [Line Items]      
Concentration Risk, Percentage   0.00%