Subsequent Events (Details Narrative) - Subsequent Event [Member] - Mid-Con Petroleum, LLC [Member] - Mid-Con Drilling, LLC [Member] |
1 Months Ended |
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Jul. 30, 2019
USD ($)
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Supplemental disclosure of Non-Cash Investing and Financing Activities | |
Borrowing amount | $ 3,351,099 |
Interest rate | 6.00% |
Maturity date | Jul. 24, 2025 |
Description of interest payments | Only payments for 12 months beginning August 24, 2019; and blended payments of principal and interest commencing August 24, 2020. |
Reserve-based loan amount | $ 6,550,000 |
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- Definition Carrying value as of the balance sheet date of short-term borrowings using unsecured obligations issued by banks, corporations and other borrowers to investors. The maturities of these money market securities generally do not exceed 270 days. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average effective interest rate during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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