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Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash $ 314,900 $ 1,550,937
Receivables 666,600 21
Prepaid expenses and deposits 198,888 10,924
Deposit for Tiway acquisition 500,000
Total current assets 1,180,388 2,061,882
Oil and gas properties, net 6,127,999 2,939,829
Accumulated depletion (269,130)
Total Oil and gas properties, net 6,397,129 2,939,829
Restricted cash 132,084
Note receivable 41,089 40,453
Total assets 7,481,560 5,042,164
Current liabilities:    
Accounts payable and accrued liabilities 1,496,599 357,749
Loans payable 799,000 899,000
Total liabilities 2,295,599 1,256,749
Asset retirement obligation 2,405,482
Commitments and contingencies
Stockholders' equity:    
Common stock Authorized: 250,000,000 shares, par value $0.00001 Issued and outstanding: 56,243,904 and 50,281,482 shares, respectively 562 503
Additional paid-in capital 22,610,917 21,273,494
Stock subscriptions and stock to be issued 905,000
Accumulated other comprehensive income (loss) (1,342) 4,618
Accumulated deficit (19,829,658) (18,398,200)
Total stockholders' equity 2,780,479 3,785,415
Total liabilities and stockholders' equity $ 7,481,560 $ 5,042,164