Quarterly report pursuant to Section 13 or 15(d)

September 2018 Purchase Agreement (Details Narrative)

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September 2018 Purchase Agreement (Details Narrative) - USD ($)
9 Months Ended
Sep. 02, 2018
Sep. 30, 2018
Sep. 30, 2017
Oil and gas leases acquisition, purchase price   $ 3,600,528 $ 360,000
September 2018 Acquisition Agreement [Member]      
Oil and gas leases acquisition, purchase price $ 100,000,000    
Escrow deposit $ 3,500,000    
September 2018 Acquisition Agreement [Member] | On November 1, 2018 [Member]      
Description for amendment to oil and gas lease acquisition <p style="margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">(i) extend the closing deadline to the earlier of: (a) 10 days from the date on which the sellers obtain consents from applicable landowners authorizing the transfer to the Company of the oil and gas leases representing 80% of the total PDP (PV10) value of the purchased assets; or (b) December 31, 2018 (the “Closing Date”); (ii) provide for a portion of the purchase price for the purchased assets in respect of which post-closing consent to transfer is required from the State of Louisiana or State of Texas, to be paid into escrow at closing to provide the sellers up to 180 days thereafter to secure the requisite post-closing governmental agency approvals; (iii) upon the sellers obtaining third-party consents to assign a portion of the oil and gas leases representing at least 80% of the PDP (PV10) value of the purchased assets, require the parties to close on the Closing Date, on the purchase of those assets (provided that no single purchased asset represents more than 15% of the total PDP (PV10) value of the assets purchased at the closing); (iv) provide the sellers from the date of the first closing until March 21, 2019, to obtain any remaining third-party consents required to transfer any of the purchased assets not otherwise transferred to the Company on the first closing; and (v) to make other changes</font></p>