Armada Oil (AOILQ) 10-Q 13 Nov 14 2014 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 12, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'Armada Oil, Inc.	'
Document Type	'10-Q	'
Current Fiscal Year End Date	'--12-31	'
Entity Common Stock, Shares Outstanding	'	56,105,473
Amendment Flag	'false	'
Entity Central Index Key	'0001081074	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Well-known Seasoned Issuer	'No	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
Current assets:	'	'
Cash and cash equivalents	$819,864	$7,095,972
Accounts receivable – oil and gas	124,806	1,524,623
Accounts receivable – other	530,491	32,538
Deferred financing costs, net – current	54,420	13,162
Deferred tax asset – current	6,025	100,606
Prepaid expenses	144,269	202,280
Assets held for sale	7,826,730	0
TOTAL CURRENT ASSETS	9,506,605	8,969,181
Oil and gas properties, successful efforts accounting:	'	'
Properties subject to amortization, net	10,396,866	7,692,703
Properties not subject to amortization	9,954,315	10,653,825
Support facilities and equipment, net	99,548	2,417,898
Land	38,345	38,345
Net oil and gas properties	20,489,074	20,802,771
Property and equipment, net	147,542	242,676
Deferred tax asset – noncurrent	6,034,025	5,502,988
Deposit on asset retirement obligations	40,000	585,973
Production payment receivable	131,250	131,250
Other assets	75,098	55,598
TOTAL ASSETS	36,423,594	36,290,437
Current liabilities:	'	'
Accounts payable – trade	2,462,133	1,362,867
Revenue payable	5,434	418,213
Accrued expenses	222,471	444,972
Accrued expenses – related parties	27	70
Notes payable, net – current	8,529,538	8,767,392
Notes payable – related parties, net – current	100,000	102,158
Derivative liability, commodity contracts – current	0	173,806
Other current liabilities	135,896	10,000
TOTAL CURRENT LIABILITIES	11,455,499	11,279,478
Derivative liability, commodity contracts – noncurrent	0	53,289
Deferred tax liability – noncurrent	6,652,141	3,703,553
Asset retirement obligations	459,554	3,161,810
TOTAL LIABILITIES	18,567,194	18,198,130
Commitments and Contingencies	'	'
Equity:	'	'
Preferred stock, par value $0.01, 1,000,000 shares authorized, 0 shares issued and outstanding	0	0
Common stock, par value $0.001, 100,000,000 shares authorized, 56,105,473 and 56,030,473 shares issued and outstanding, respectively	56,105	56,030
Additional paid-in capital	16,337,566	16,108,722
Retained earnings (deficit)	1,462,729	-4,038,633
Total equity attributable to Armada Oil, Inc.	17,856,400	12,126,119
Noncontrolling interest	0	5,966,188
TOTAL EQUITY	17,856,400	18,092,307
TOTAL LIABILITIES AND EQUITY	$36,423,594	$36,290,437

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Preferred stock, par value (in Dollars per share)	$0.01	$0.01
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock par value (in Dollars per share)	$0.00	$0.00
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	56,105,473	56,030,473
Common stock, shares outstanding	56,105,473	56,030,473

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) (USD $)	3 Months Ended				9 Months Ended
	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Revenues	$411,560		$3,302,121		$4,128,805		$9,846,067
Operating expenses:	'		'		'		'
Lease operating expense	122,976		1,621,231		2,022,168		5,888,841
Environmental remediation expense	0		0		252,135		0
Exploration expense	31,472		179,517		198,896		271,863
Dry hole expense	0		0		0		2,609,866
Depletion, depreciation, amortization, accretion and impairment	108,598		522,933		841,615		1,554,062
Loss on sale of oil and gas properties	420,425		55,448		420,425		55,448
Gain on settlement of asset retirement obligations	0		0		0		-1,328
General and administrative expense	537,958		798,862		2,339,217		3,401,724
Total operating expense	1,221,429		3,177,991		6,074,456		13,780,476
Income (loss) from operations	-809,869		124,130		-1,945,651		-3,934,409
Other income (expense):	'		'		'		'
Interest income	0		0		151		4,468
Interest expense	-152,669		-252,425		-545,674		-649,655
Realized gain (loss) on commodity contracts	0		101,409		-165,511		252,146
Loss on change in derivative value – commodity contracts	0		-507,389		-167,673		-455,561
Loss on modification of offering	0		0		0		-65,749
Bargain purchase gain	0		0		0		1,455,879
Gain on sale of equity in subsidiary	0		0		11,105,788		0
Other income (expense)	4,953		-12,600		153,631		11,991
Total other income (expense)	-147,716		-671,005		10,380,712		553,519
Net income (loss) before income taxes	-957,585		-546,875		8,435,061		-3,380,890
Income tax benefit (expense)	679,488		349,663		-3,037,444		1,637,592
Net income (loss)	-278,097		-197,212		5,397,617		-1,743,298
Net loss attributable to noncontrolling interest	0		0		-103,745		0
Net income (loss) attributable to Armada Oil, Inc.	($278,097)		($197,212)		$5,501,362		($1,743,298)
Net income (loss) per common share:	'		'		'		'
Basic (in Dollars per share)	$0		$0		$0.10		($0.04)
Diluted (in Dollars per share)	$0		$0		$0.10		($0.04)
Weighted average number of common shares outstanding:	'		'		'		'
Basic (in Shares)	56,079,386		56,030,473		56,047,231		48,966,471
Diluted (in Shares)	56,079,386	[1]	56,030,473	[1]	56,047,231	[1]	48,966,471	[1]
[1]	For the three and nine months ended September 30, 2014, stock options and warrants representing 3,653,000 and 7,953,333 shares, respectively, were antidilutive and, therefore, excluded from the diluted share calculation. For the three and nine months ended September 30, 2013, stock options and warrants representing 2,806,000 and 8,728,118 shares, respectively, were antidilutive and, therefore, excluded from the diluted share calculation.

CONSOLIDATED_STATEMENT_OF_CHAN

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS EQUITY (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
Balances at Dec. 31, 2013	$56,030	$16,108,722	($4,038,633)	$5,966,188	$18,092,307
Balances (in Shares) at Dec. 31, 2013	56,030,473	'	'	'	56,030,473
Share-based compensation	75	143,615	'	'	143,690
Share-based compensation (in Shares)	75,000	'	'	'	'
Warrants granted to extend notes recorded as deferred financing cost	'	85,229	'	'	85,229
Sale of controlling interest in TNRH	'	'	'	-5,862,443	-5,862,443
Net income (loss)	'	'	5,501,362	-103,745	5,397,617
Balances at Sep. 30, 2014	$56,105	$16,337,566	$1,462,729	$0	$17,856,400
Balances (in Shares) at Sep. 30, 2014	56,105,473	'	'	'	56,105,473

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES	'	'
Net income (loss)	$5,397,617	($1,743,298)
Adjustments to reconcile net income (loss) to net cash used in operating activities:	'	'
Depreciation, depletion, amortization, accretion and impairment	841,615	1,554,062
Dry hole expense	0	2,609,866
Deferred income taxes (benefit)	3,037,444	-1,637,592
Share-based compensation	143,690	636,714
Loss on sale of oil and gas property	420,425	55,448
Gain on settlement of asset retirement obligations	0	-1,328
Amortization of debt discount charged to interest expense	87,726	105,789
Amortization of deferred financing costs	43,970	16,923
Realized (gain) loss on derivative commodity contracts	165,511	-252,146
Unrealized loss on change in derivative value – commodity contracts	167,673	455,561
Bargain purchase gain	0	-1,455,879
Loss on offering modification	0	65,749
Gain on sale of controlling interest in TNR Holdings, LLC	-11,105,788	0
Changes in operating assets and liabilities:	'	'
Accounts receivable – oil and gas	-307,702	-350,806
Accounts receivable – other	34,705	197,115
Prepaid expenses	95,533	66,240
Accounts payable and accrued expenses	257,300	-431,693
Accrued expenses – related parties	-43	-38,383
Revenue payable	-82,295	137,883
CASH USED IN OPERATING ACTIVITIES	-802,619	-9,775
CASH FLOWS FROM INVESTING ACTIVITIES	'	'
Cash paid for acquisition and development of oil and gas properties	-8,778,938	-2,837,548
Cash received for sale of oil and gas properties	150,000	85,000
Cash received for sale of support facilities and equipment	0	54,018
Cash paid for support facilities and equipment	-418,518	-92,094
Cash proceeds from settlement of derivative commodity contracts	-165,511	252,146
Cash received from deconsolidation of a subsidiary, net	4,221,444	0
Cash paid for acquisition of Armada	0	-293,106
Cash paid for deposits	-20,000	0
Cash paid for property and equipment	0	-8,844
CASH USED IN INVESTING ACTIVITIES	-5,011,523	-2,840,428
CASH FLOWS FROM FINANCING ACTIVITIES	'	'
Proceeds from borrowings on debt, net of financing costs	0	305,515
Proceeds from borrowings on debt – related parties, net of financing costs	0	135,000
Principal payments on debt	-398,634	-2,372,630
Installment payments on software and other contingencies	-63,332	-91,000
CASH USED IN FINANCING ACTIVITIES	-461,966	-2,023,115
NET CHANGE IN CASH	-6,276,108	-4,873,318
CASH AT BEGINNING OF PERIOD	7,095,972	5,884,649
CASH AT END OF PERIOD	819,864	1,011,331
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION	'	'
Cash paid for interest	446,401	454,331
Cash paid for income taxes	0	75,000
NON-CASH INVESTING AND FINANCING TRANSACTIONS	'	'
Financed prepaid assets	97,143	129,465
Reclassification of asset retirement cost deposit to accounts receivable – other	545,973	0
Accrued oil and gas acquisition and development costs	2,325,109	0
Debt discount related to warrants issued in conjunction with notes payable and notes payable – related parties	0	142,133
Deferred financing cost incurred in extending maturity of debt by issuance of warrants	85,229	0
Change in asset retirement obligations	349,604	30,716
Common stock issued in satisfaction of stock payable	0	325,000
Common stock issued for purchase of Mesa Energy Holdings, Inc.	$0	$14,056,342

NOTE_1_ORGANIZATION_AND_SIGNIF

NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2014
Disclosure Text Block [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	'
	NOTE 1 – ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
	Organization
	Armada Oil, Inc. (the “Company”, “Armada”, or “we”) was incorporated under the laws of the State of Nevada on November 6, 1998, under the name “e.Deal.net, Inc.” On June 20, 2005, the Company amended its Articles of Incorporation to effect a change of name to International Energy, Inc. On June 27, 2011, the Company amended its Articles of Incorporation to change its name to NDB Energy, Inc. On May 7, 2012, the Company filed a Certificate of Amendment to its Articles of Incorporation to change its name to Armada Oil, Inc.
	The consolidated balance sheets include the accounts of the Company, and its wholly-owned subsidiaries, Armada Oil and Gas, Inc. (“AOG”), Armada Operating, LLC (“AOP”), Mesa Energy, Inc. (“MEI”), Mesa Midcontinent LLC (“MMC”),  and Armada Midcontinent, LLC, formerly known as MMC Resources, LLC (“AMC”).  Consolidated statements of operations and cash flows include those of the Company, AOG, AOP, MEI, MMC, and AMC for the nine months ended September 30, 2014, as well as those of TNR Holdings, LLC (TNRH”) and its wholly owned subsidiaries, Tchefuncte Natural Resources, LLC (“TNR”) and Mesa Gulf Coast, LLC (“MGC”) for the three months ended March 31, 2014.  The Company owned 65.625% of TNRH as of March 31, 2014, but the Company’s ownership was reduced to 27.124% during the second quarter of 2014. The Company deconsolidated the financial statements of TNRH, which includes the financial statements of TNR and MGC, as of April 1, 2014, in accordance with ASC 810-15-10 because the Company lost its ability to impose significant influence, and control of the operations and assets of TNRH were restricted by the then non-controlling member as of April 1, 2014.
	On March 28, 2013, Armada completed a business combination with Mesa Energy Holdings, Inc. (“Mesa”), pursuant to which Armada acquired from Mesa substantially all of the assets of Mesa consisting of all of the issued and outstanding shares of MEI, whose predecessor entity, Mesa Energy, LLC, was formed in April 2003 as an exploration and production company in the oil and gas industry.  Although Armada was the legal acquirer, Mesa was the accounting acquirer.
	The Company’s oil and gas operations are conducted by its wholly owned subsidiaries.  MMC is a qualified operator in the state of Oklahoma and operates our properties in Garfield and Major Counties, Oklahoma. MEI is a qualified operator in the State of New York and operates the Java Field.  AOP is a qualified operator in Kansas, Wyoming, and Texas.
	The Company’s operating entities have historically employed, and will continue in the future to employ, on an as-needed basis, the services of drilling contractors, other drilling related vendors, field service companies and professional petroleum engineers, geologists, and landmen as required in connection with future drilling and production operations.
	Basis of Presentation
	The accompanying unaudited interim consolidated financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”). and should be read in conjunction with the audited consolidated financial statements and notes thereto contained in the Company’s latest annual report filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the unaudited interim consolidated financial statements that would substantially duplicate the disclosures contained in the audited consolidated financial statements for fiscal year 2013, as reported in the Form 10-K, have been omitted.
	Principles of Consolidation
	The consolidated financial statements include the Company’s accounts and those of the Company’s wholly owned and majority owned subsidiaries. All significant intercompany accounts and transactions have been eliminated.
	Use of Estimates
	The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at year-end and the reported amounts of revenues and expenses during the year and the reported amount of proved natural gas and oil reserves. Management bases its estimates on historical experience and various other assumptions that it believes are reasonable under the circumstances, the results of which form the basis for making judgments that are not readily apparent from other sources.   Actual results could differ from these estimates and changes in these estimates are recorded when known.
	Reclassifications
	Certain reclassifications have been made to amounts in prior periods to conform to the current period presentation. All reclassifications have been applied consistently to the periods presented.
	Earnings (Loss) Per Common Share
	The Company’s earnings (loss) per common share are computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted loss per share reflects the potential dilution of securities, if any, that could share in the loss of the Company and is calculated by dividing net loss by the diluted weighted average number of common shares. The diluted weighted average number of common shares is computed using the treasury stock method for common stock that may be issued for outstanding stock options.
			For the Three Months Ended						For the Nine Months Ended
			September 30,						September 30,
			2014			2013			2014		2013
	Numerator:
	Net income (loss) available to stockholders		$	(278,097	)	$	(197,212	)	$	5,501,362	$	(1,743,298	)
	Basic net income allocable to participating securities (1)			—			—			—		—
	Basic net income (loss) available to stockholders			(278,097	)		(197,212	)		5,501,362		(1,743,298	)
	Denominator:
	Weighted average number of common shares – Basic			56,079,386			56,030,473			56,047,231		48,966,471
	Effect of dilutive securities (2) :
	Options and warrants			—			—			—		—
	Weighted average number of common shares – Diluted			56,079,386			56,030,473			56,047,231		48,966,471
	Net income (loss) per common share:
	Basic and diluted		$	0		$	(0.00	)	$	0.1	$	(0.04	)
		-1	Restricted share awards that contain non-forfeitable rights to dividends are participating securities and, therefore, are included in computing earnings using the two-class method. Participating securities, however, do not participate in undistributed net losses.
		-2	For the three and nine months ended September 30, 2014, stock options and warrants representing 3,653,000 and 7,953,333 shares, respectively, were antidilutive and, therefore, excluded from the diluted share calculation. For the three and nine months ended September 30, 2013, stock options and warrants representing 2,806,000 and 8,728,118 shares, respectively, were antidilutive and, therefore, excluded from the diluted share calculation.
	Recently Issued Accounting Pronouncements
	The Company does not expect the adoption of any recently issued accounting pronouncements to have a significant impact on its financial position, results of operations or cash flows.
	Subsequent Events
	The Company has evaluated all transactions through the financial statement issuance date for subsequent event disclosure consideration.

NOTE_2_GOING_CONCERN

NOTE 2 - GOING CONCERN	9 Months Ended
	Sep. 30, 2014
Going Concern [Abstract]	'
Going Concern [Text Block]	'
	NOTE 2 – GOING CONCERN
	The accompanying unaudited consolidated interim financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America which contemplate continuation of the Company as a going concern.  The Company has incurred recurring losses from operations through September 30, 2014, has a working capital deficit at September 30, 2014, of $1,948,894 and has limited sources of revenue.  These conditions have raised substantial doubt as to the Company’s ability to continue as a going concern.  These financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.
	To address these matters, management has been seeking additional oil and gas properties to provide a source of recurring revenues and the necessary financing to complete an acquisition.  Although the Company is pursuing additional financing to acquire producing oil and gas properties, there can be no assurance that the Company will be able to secure financing when needed or to obtain such financing on terms satisfactory to the Company.

NOTE_3_BUSINESS_COMBINATION

NOTE 3 - BUSINESS COMBINATION	9 Months Ended
	Sep. 30, 2014
Business Combinations [Abstract]	'
Business Combination Disclosure [Text Block]	'NOTE 3 – BUSINESS COMBINATION
	On March 28, 2013, Armada completed the acquisition (the “Acquisition”) of substantially all of the assets of Mesa Energy Holdings, Inc. consisting of all of the issued and outstanding shares of MEI pursuant to the terms of the Asset Purchase Agreement and Plan of Reorganization Among Armada Oil, Inc., Mesa Energy Holdings, Inc., and Mesa Energy, Inc. (the “APA”).  The Company accounted for the assets, liabilities and ownership interests in accordance with the provisions of ASC 805, Business Combinations.
	Armada was the legal acquirer of Mesa, the accounting acquirer, in a transaction structured to qualify as a tax-free reorganization. In connection with the Acquisition, Armada issued former security holders of Mesa 0.4 common shares of Armada for each Mesa share, or 21,094,633 common shares, valued at $11,602,048, assumed 7,414,787 warrants with a fair value of $1,969,399, assumed 1,064,000 options with a fair value of $484,895, and paid a consultant who worked with the Company in effecting the Acquisition $325,000.  The Company also assumed a liability to issue the consultant stock valued at $325,000, which was included in the purchase price.  This liability was settled with this issuance of 380,651 common shares on April 19, 2013.  The total equity instruments issued or assumed in the Acquisition had a fair value of $14,056,342 as of the date of the Acquisition.  Total equity and payments resulted in a purchase price of $14,381,342 and the transaction generated goodwill of $8,536,758.  The purchase price was adjusted during the fourth quarter of 2013 to remove a deferred tax asset of $6,088,885 and record a deferred tax liability of $1,999,046.  This change generated goodwill of $8,536,758 which was immediately impaired during the fourth quarter of 2013.
	Assumptions used in determining the fair values of the options and warrants noted above were as follows:
	Options
	Grant date fair value	$	0.55
	Discount rate		0.77	%
	Expected life (in years)		7.3
	Volatility		110.93	%
	Expected dividends	$	—
	Warrants
	Grant date fair value	$	0.55
	Weighted average discount rate		0.63	%
	Weighted average expected life (in years)		4
	Weighted average volatility		106.7	%
	Expected dividends	$	—
	The Acquisition was accounted for as a “reverse acquisition,” and Mesa was deemed to be the accounting acquirer in the Acquisition. Armada’s assets and liabilities were recorded at their fair value. MEI’s assets and liabilities were carried forward at their historical cost. The financial statements of Mesa are presented as the continuing accounting entity since it is the acquirer for the purpose of applying purchase accounting. The equity section of the balance sheet and earnings per share of Mesa are retroactively restated to reflect the effect of the exchange ratio established in the APA.
	The acquisition price was allocated to the assets acquired and liabilities assumed based upon their estimated fair values. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition.
	Assets acquired:
	Cash	$	31,894
	Prepaid assets		33,061
	Other current assets		50,000
	Total current assets		114,955
	Oil and gas properties subject to amortization		514,249
	Oil and gas properties not subject to amortization		9,948,551
	Total assets acquired		10,577,755
	Liabilities assumed:
	Accounts payable and accrued liabilities		2,471,665
	Note payable, net of discount of  $103,001		197,197
	Deferred tax liability		1,999,046
	Asset retirement obligations		65,263
	Total liabilities assumed		4,733,171
	Net assets acquired		5,844,584
	Goodwill		8,536,758
	Consideration paid:
	Equity instruments issued at their fair value	$	14,381,342

NOTE_4_ACQUISITION_AND_DIVESTI

NOTE 4 - ACQUISITION AND DIVESTITURE	9 Months Ended
	Sep. 30, 2014
Disclosure Text Block Supplement [Abstract]	'
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	'
	NOTE 4 – ACQUISITION AND DIVESTITURE
	Sale of Additional Class A Units in TNR Holdings, LLC, to Gulfstar Resources, LLC (“Gulfstar”)
	In April 2014,  Gulfstar purchased 11,873 Class A Units of TNR Holdings, LLC (“TNRH”) at a price of $564.31 per Class A Unit ($6,700,053 in the aggregate with net cash received of $6,419,573), representing an additional 25.925% membership interest in TNRH by Gulfstar increasing Gulfstar’s aggregate member interest in TNRH to 60.299% (“Tranche B”).  As result of this purchase, Gulfstar gained control of TNRH.  Our financial statements for periods beginning April 1, 2014, will no longer consolidate TNRH and its wholly owned subsidiaries, Tchefuncte Natural Resources, LLC (“TNR”) and Mesa Gulf Coast, LLC (“MGC”), but will account for ownership interest in TNRH in accordance with ASC Topic 810, Consolidation (“ASC 810”). The Company accounts for its investment in TNRH by the cost method. The financial statements of TNRH and its wholly owned subsidiaries, TNR and MGC, are deconsolidated from the financial statements of the Company effective April 1, 2014, because the Company lost its ability to impose significant influence, and control of operations and assets of TNRH were restricted by rights of the then non-controlling member as of April 1, 2014, see NOTE 1.  The funds received from the closing of Tranche B were primarily used to purchase the Kansas properties as discussed below.
	As a result of the deconsolidation of the financial statements, the consolidated balance sheets as of September 30, 2014, reflect only the balances of the Company and its wholly owned subsidiaries and do not include those of TNRH and its subsidiaries.  The consolidated statement of operations contains the results of operations of the Company and TNRH and its subsidiaries, less the net loss attributable to the non-controlling interest (TNRH) for the three months ended March 31, 2014.  The consolidated statement of operations for the three months ended September 30, 2014, contains only the result of operations for the Company and does not include those of TNRH and its subsidiaries.
	TNRH’s balances as of March 31, 2014 and for the three month period ended March 31, 2014 were as follows:
			As of
			31-Mar-14
	ASSETS
	Current assets		$	6,659,144
	Oil and gas properties, successful efforts accounting:
	Properties subject to amortization, net			8,212,524
	Properties not subject to amortization			16,753
	Support facilities and equipment, net			2,628,792
	Net oil and gas properties			10,858,069
	Other assets			581,038
	TOTAL ASSETS			18,098,251
	LIABILITIES
	Current liabilities			2,329,986
	Deferred tax liability			403,283
	Asset retirement obligations			3,106,376
	Derivative liabilities			88,050
	TOTAL LIABILITIES			5,927,695
	NET ASSETS		$	12,170,556
			For the Three Months Ended
			31-Mar-14
	Revenues		$	3,161,809
	Net loss		$	(301,802	)
	On May 16, 2014 and June 16, 2014, the Company sold an additional 1,400 and 2,380 units at $564.31 per unit, respectively, to Gulfstar for $790,034 and $1,343,058, respectively, for an aggregate of $2,133,092 (“Tranche D”).  Net cash received was $2,041,576.  The Company’s interest in TNRH was reduced to 27.124%.  Due to the Company’s inability to enforce significant influence over any part of TNHR operations, the Company’s remaining investment was recorded on the balance sheet as a cost method investment.
	A gain of $11,105,788 was recognized on our sale of the controlling interest and deconsolidation of TNRH as follows:
	Gain on deconsolidation of TNRH
	Fair value of proceeds that resulted in loss of control		$	6,419,573
	Fair value of noncontrolling interest retained (cost method investment)			9,830,766
	Carrying amount of noncontrolling interest in former subsidiary on the date the subsidiary is deconsolidated			5,862,443
	Subtotal			22,112,782
	Less carrying amount of TNRH’s net assets			(12,170,556	)
	Plus intercompany payables			1,163,562
	Gain on deconsolidation of TNRH		$	11,105,788
	As of September 30, 2014, the Company had a cost method investment for its remaining 27.124% noncontrolling interest held in TNRH as follows:
	Cost method investment
	Fair value of noncontrolling interest retained the date TNRH is deconsolidated		$	9,830,766
	Less Tranche D net proceeds from sale units in TNRH			(2,041,576	)
	Cost method investment as of September 30, 2014		$	7,789,190
	As of September 30, 2014, the Company reclassified its cost method investment in TNRH to assets held for sale.
	The Company reviewed (ASC 360-10) Property, Plant, and Equipment to determine the appropriate classification for this investment.  ASC 360-10 provides the following criteria for assets to be classified as held for sale:
	·	Management with the appropriate authority commits to a plan to sell the asset;
	·	The asset is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets;
	·	An active program to locate a buyer and other actions required to complete the plan of sale have been initiated;
	·	The sale of the asset within one year is probable and will qualify for accounting purposes as a sale;
	·	The asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and
	·	Actions required to complete the plan of sale indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn.
	The Company concluded that all of these criteria have been met for this investment and that it is appropriately classified as held for sale in current assets.
	Kansas Acquisition
	During the second quarter of 2014, the Company consummated the purchase of developed leasehold interests (the “Kansas Properties”). The Kansas Properties comprise six oil and gas leases covering approximately 1,040 gross (901 net) acres (excluding royalty and overriding royalty interests). Including adjustments from an effective date of March 1, 2014, the purchase price was $6,368,106, of which $6,285,106 was applied to purchased leasehold and $83,000 to support facilities and equipment, and the Company assumed the future asset retirement obligations of $349,604 associated with the Kansas Properties. The acquisition was primarily funded from drawing down Tranche B under the Unit Purchase Agreement between us and Gulfstar, as more fully described in the preceding paragraph.  The acquisition of the Kansas Properties was finalized on April 10, 2014.

NOTE_5_FAIR_VALUE_MEASUREMENTS

NOTE 5 - FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
	NOTE 5 – FAIR VALUE MEASUREMENTS
	The following tables set forth by level within the fair value hierarchy our financial assets and liabilities that were accounted for at fair value on a recurring basis as of September 30, 2014 and December 31, 2013.
		30-Sep-14
		Carrying Value			Fair Value Measurement
					Level 1		Level 2			Level 3
	Derivative liability – commodity contracts	$	—		$	—	$	—		$	—
		31-Dec-13
		Carrying Value			Fair Value Measurement
					Level 1		Level 2			Level 3
	Derivative liability – commodity contracts	$	(227,095	)	$	—	$	(227,095	)	$	—
	The Company did not identify any other assets and liabilities that are required to be presented on the consolidated balance sheets at fair value.

NOTE_6_COMMODITY_DERIVATIVE_IN

NOTE 6 - COMMODITY DERIVATIVE INSTRUMENTS	9 Months Ended
	Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Derivative Instruments and Hedging Activities Disclosure [Text Block]	'
	NOTE 6 – COMMODITY DERIVATIVE INSTRUMENTS
	Through the first quarter of 2014, the Company had engaged in price risk management activities from time to time, through utilizing derivative instruments consisting of swaps, floors and collars, to attempt to reduce the Company’s exposure to changes in commodity prices. None of the Company’s derivatives was designated as a cash flow hedge. Changes in fair value of derivative instruments not designated as cash flow hedges are recorded in other income (expense) as realized and unrealized (gain) loss on commodity derivatives.
	While the use of these arrangements limited the Company's ability to benefit from increases in the price of oil and natural gas, it was also intended to reduce the Company's potential exposure to significant price declines. These derivative transactions were generally placed with major financial institutions that the Company believes to be financially stable.
	The Company had commodity derivative instruments with a single counterparty for which it determined the fair value using period-end closing oil and gas prices, interest rates and volatility factors for the periods under each contract.  As a result of the Company’s sale of the controlling interest in TNRH to Gulfstar, TNRH agreed in the Amendment to Unit Purchase Agreement dated April 10, 2014 to assume the hedging contracts between the Company and the counterparty.  Prosperity Bank, successor by merger to F&M Bank & Trust Company, agreed to the Company transferring and novating its interest in its hedges to TNRH in the Sixth Amendment to the Loan Agreement dated July 22, 2011, on May 30, 2014, see NOTE 8. As a result the Company has no assets or liabilities associated with commodity derivative instruments at September 30, 2014.
	For the nine months ended September 30, 2014 and 2013, the Company recorded a realized loss of $165,511 and realized gain of $252,146, respectively, and unrealized losses of $167,673 and $455,561, respectively, on the statements of operations.

NOTE_7_PROPERTY_AND_EQUIPMENT

NOTE 7 - PROPERTY AND EQUIPMENT	9 Months Ended
	Sep. 30, 2014
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment Disclosure [Text Block]	'
	NOTE 7 – PROPERTY AND EQUIPMENT
	Oil and Gas Properties
	The Company’s oil and gas properties at September 30, 2014, are located in the United States of America.
	The carrying values of the Company’s oil and gas properties, net of depletion and impairment, at September 30, 2014, and December 31, 2013, were:
			September 30,				December 31,
	Property		2014				2013
	Bear Creek Prospect		$	13,834,527			$	9,957,839
	Woodson County, Kansas			6,516,654				—
	Lake Hermitage Field			—				3,644,986
	Valentine Field			—				1,895,504
	Larose Field			—				1,112,275
	Bay Batiste Field			—				953,197
	Turkey Creek Field			—				782,727
	Total		$	20,351,181			$	18,346,528
	Net oil and gas properties at September 30, 2014 were:
	Year		Acquisition				Exploration				Dry Hole			Disposition			Depletion,			Total
	Incurred		Costs				and				Costs			of Assets			Amortization,
							Development										and
							Costs										Impairment
	2012 and prior		$	8,848,195			$	7,360,855			$	(466,066	)	$	(2,090,383	)	$	(3,810,942	)	$	9,841,659
	2013			10,422,630				2,176,671				(2,591,770	)		(346,152	)		(1,156,510	)		8,504,869
	2014			6,708,324				4,745,327				—			(8,837,248	)		(611,750	)		2,004,653
	Total		$	25,979,149			$	14,282,853			$	(3,057,836	)	$	(11,273,783	)	$	(5,579,202	)	$	20,351,181
	During the three and nine months ended September 30, 2014 and 2013, we incurred $31,472, $179,517, $198,896 and $271,863, respectively, of exploration expense which is included on our consolidated statements of operations.
	During the nine months ended September 30, 2014, Gulfstar purchased the controlling interest in TNRH, and the Company deconsolidated the assets of the subsidiaries of TNRH, TNR and MGC, from the Company’s balance sheet. The net book value of these properties, $8,229,277, was removed from the Company’s balance sheet effective April 1, 2014, because the Company lost its ability to impose significant influence; and control of operations and assets of TNRH were restricted by the then non-controlling member effective April 1, 2014.  The remaining amount of disposals relates to the $570,425 of Turkey Creek Field assets sold, see below.
	On April 10, 2014, the Company acquired a 100% working interest in six developed and producing leases in Woodson County, Kansas, for a cash purchase price of $6,368,106. The purchase price was allocated as follows:
	Lease		Support Facilities and Equipment				Purchased Leasehold
	Wingrave Pasture		$	25,000			$	3,159,053
	John Wingrave			10,000				945,216
	Light			15,000				1,895,432
	Stockebrand			20,000				107,362
	Karmann			13,000				178,043
	Total		$	83,000			$	6,285,106
	Asset retirement cost of $349,604 was established for these properties.
	During the nine months ended September 30, 2014, the Company completed the Light 9-13 well which had been drilled prior to the Company’s acquisition of the Woodson County, Kansas, properties, spending $23,399.  The well produced a small quantity of oil over a brief amount of time, after which it was shut-in pending evaluation for recompletion to an upper zone.  The completion costs were impaired.
	Turkey Creek Field – Garfield and Major Counties, Oklahoma
	During the nine months ended September 30, 2014, the Company sold its undeveloped leasehold interest carried at $570,425 for $150,000, recognizing a loss of $420,425, and impaired $121,112 and $10,000 of undeveloped and developed leasehold costs, respectively, and $84,209 of intangible drilling costs associated with the Thomas Unit #5 well, reducing the Company’s investment in Oklahoma to $0.
	In the nine months ended September 30, 2013, the Company spent $1,808,969 on drilling the Thomas Unit #6H well.  The Thomas Unit #6H was not completed due to mechanical issues and has been plugged and abandoned.  We charged the drilling costs of $0 and $2,609,866 to dry hole expense in the three and nine months ended September 30, 2013, respectively.
	Bear Creek and Overland Trail Prospects – Carbon County, Wyoming
	Pursuant to a Share Exchange Agreement in 2012, the Company assumed a Purchase and Option Agreement between Armada Oil and Gas and TR Energy, Inc. through which it received leasehold interests in 1,280 acres of land, engineering data, and 2D seismic.  During the year ended December 31, 2013, the Company determined that this agreement was not in the best interest of the Company, terminated the agreement and surrendered the 1,280 acres of land to TR Energy, Inc.
	On November 2, 2012, Armada executed a Seismic and Farm Out Option Contract (the “Anadarko Contract”) whereby Anadarko E&P Onshore LLC (successor in interest to Anadarko E&P Company LP), and Anadarko Land Corp. (collectively “Anadarko”) agreed to execute a mineral permit granting the Company the nonexclusive right, until May 1, 2013, to conduct 3D survey operations on and across the contracted acreage in Carbon County, Wyoming.  If and when the Company drills and completes a test well capable of production and complies with all other terms of the Anadarko Contract, the Company will receive from Anadarko a lease, with an initial term of three (3) years, which provides for the Company to receive a 100 percent (100%) operated working interest in the section upon which the well was drilled.  Anadarko will retain a twenty percent (20%) royalty interest in future production.  The Company delivered the seismic data to Anadarko as agreed, selected a drilling location for the initial test well and, through September 30, 2014, drilled and cased the Bear Creek #1 well and prepared plans for completion.
	On October 28, 2013, the Company and Anadarko entered into a Third Amendment to the Seismic and Farm Out Option Contract dated October 22, 2012 which included the following changes to the original agreement, as amended:
	The Company is:
	·	obligated to commence drilling of the initial test well on or before July 31, 2014 (previously December 31, 2013);
	·	granted an option for a period of 180 days from date initial contract depth is reached in the initial test well to commence drilling of a Continuous Option Test well, regardless of well type; and
	·	allowed to reduce control of well insurance coverage from $25,000,000 to $10,000,000.
	During the nine months ended September 30, 2014, the Company drilled and cased the Bear Creek #1 well spending $3,876,637. Total vertical depth of this well is 8,921 feet (8,896 cased). Intangible and tangible completion costs are estimated to be an additional $705,900.  Total drilling and completion costs are estimated to be $4,582,537.
	Grayson County, Texas, Acquisition of Leasehold Interest Held for Sale
	During the nine months ended September 30, 2014, the Company acquired from a related party a two-year term assignment of an oil and gas lease on 250 acres in Grayson County, Texas, for the purpose of reselling this interest at a profit.  The Company paid $37,540 for this interest which is classified as an asset held for sale.
	Support Facilities and Equipment
	The Company’s support facilities and equipment serve its oil and gas production activities. The following table details these properties and equipment, together with their estimated useful lives:
				September 30,				December 31,
		Years		2014				2013
	Tank batteries	12-Jul		$	44,000			$	807,580
	Production equipment	7			38,351				1,034,599
	Production facilities	7			6,000				108,702
	Field offices	20			—				150,000
	Crew boats	7			—				172,413
	Vehicles	7			17,748				—
	Construction in progress (not depreciated)				—				43,696
	Asset retirement cost	7			—				786,828
	Subtotal				106,099				3,103,818
	Accumulated depreciation				(6,551	)			(685,920	)
Total support facilities and equipment, net			$	99,548			$	2,417,898
During the nine months ended September 30, 2014, Gulfstar purchased the controlling interest in TNRH, and the Company deconsolidated the assets of the subsidiaries comprising TNRH, TNR and MGC, from the Company’s balance sheet, see NOTE 4.
During the three and nine months ended September 30, 2014 and 2013, the Company recognized depreciation expense of $3,622, $72,163, $108,079 and $217,508, respectively, on support facilities and equipment.
Office Furniture, Equipment, and Other
			September 30,				December 31,
	Years		2014				2013
Office and computer equipment, purchased software, and leasehold improvements	3		$	220,301			$	251,912
Furniture and fixtures	10			37,570				55,569
Subtotal				257,871				307,481
Accumulated depreciation				(110,329	)			(64,805	)
Total property and equipment, net			$	147,542			$	242,676
During the nine months ended September 30, 2014, Gulfstar purchased the controlling interest in TNRH, and the Company deconsolidated the assets of the subsidiaries comprising TNRH, TNR and MGC, from the Company’s balance sheet, see NOTE 4.
During the three and nine months ended September 30, 2014 and 2013, the Company recognized depreciation expense of $22,067, $12,223, $67,271 and $35,338, respectively, on office furniture, equipment, and other.
Support facilities and equipment and office furniture, equipment, and other are depreciated using the straight line method over their estimated useful lives.

NOTE_8_DEBT

NOTE 8 - DEBT	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	NOTE 8 – DEBT
	Credit Facility and Notes Payable
	The Company’s notes payable at September 30, 2014 and December 31, 2013 were as follows:
			September 30,			December 31,
			2014			2013
	Credit facility		$	8,072,693		$	8,222,693
	Notes issued pursuant to private placement of securities			400,000			555,000
	Notes issued pursuant to private placement of securities – related parties			100,000			100,000
	Less: debt discount on private placement of notes			—			(87,725	)
	Other term notes			56,845			79,582
	Notes payable outstanding			8,629,538			8,869,550
	Less:  Current maturities			(8,629,538	)		(8,869,550	)
	Notes payable – noncurrent		$	—		$	—
	On July 22, 2011, the Company entered into a $25 million senior secured revolving line of credit (“Credit Facility") with Prosperity Bank (formerly F&M Bank and Trust Company) that, under its original terms, was to mature on July 22, 2013. The interest rate was the Prosperity Bank Base Rate plus 1% subject to a floor of 5.75%, payable monthly. During the year ended December 31, 2012, the maturity was extended to July 22, 2014. At September 30, 2014 and December 31, 2013, the interest rate was 5.75%. A 2.00% annual fee is applicable to letters of credit drawn under the Credit Facility.
	The Credit Facility provided financing for the 2011 acquisition of TNR, working capital for field enhancements, and general corporate purposes. The Credit Facility was originally subject to an initial borrowing base of $10,500,000 which was fully utilized by the Company with the completion of the acquisition of TNR. The Company obtained letters of credit in the amount of $4,704,037 that were provided to the State of Louisiana to secure asset retirement obligations associated with the properties. $5,693,106 was funded to MEI to complete the transaction, provide working capital for field enhancements and for general corporate purposes. In addition, MEI paid a $102,877 loan origination fee which is being amortized over the life of the loan. The borrowing base is subject to two scheduled redeterminations each year. Loans made under this credit facility were secured by TNR’s proved developed producing reserves (“PDP”) as well as guarantees provided by the Company, MEI, and the Company’s other wholly-owned subsidiaries. Monthly commitment reductions were initially set at $150,000 beginning November 22, 2011, and continuing until the first redetermination on or about April 1, 2012. At the first redetermination, the Company was relieved of its obligation to make monthly commitment reductions, and its borrowing base was increased from $10,500,000 to $13,500,000.   Future principal reduction requirements, if any, will be determined concurrently with each semi-annual redetermination. In September 2012, Prosperity Bank performed a second redetermination and increased the Company’s borrowing base from $13,500,000 to $14,500,000.  In addition, the term of the note was extended from July 22, 2013 to July 22, 2014.  In December 2012, the Company drew an additional $4 million from its Credit Facility, resulting in an outstanding principal balance of $9,195,963.
	On May 1, 2013, Prosperity Bank performed a redetermination of the Credit Facility and reduced the Company’s borrowing base from $14,500,000 to $13,375,000 and reinstated its requirement that the Company make monthly principal reduction payments of $75,000 until reset by F&M at the next scheduled redetermination of the Borrowing Base on or around October 1, 2013.  As a result of the reduction in the borrowing base, Prosperity Bank determined the existence of a Borrowing Base deficiency of $450,000.  The Company elected, pursuant to terms of its Loan Agreement with Prosperity Bank to make six equal monthly payments of $75,000, beginning May 22, 2013, to reduce the deficiency to an amount equal to the Borrowing Base.
	Effective October 1, 2013, Prosperity Bank and the Company entered into the Second Amendment to the Loan Agreement dated July 22, 2011 as previously amended on September 21, 2012 (the “Amendment”).  The Amendment provided for the reduction of the Borrowing base by $675,000 to $12,700,000 from $13,375,000; reset monthly repayments of principal to $50,000 per month until the next scheduled redetermination to occur on or about April 1, 2014, and required that general and administrative expense not exceed 27% of revenue for any two consecutive quarters.  During the nine months ended September 30, 2014, the Company repaid $150,000 of principal on the credit facility.
	On April 10, 2014, in contemplation of the sale of additional Class A Units in TNRH to Gulfstar and the acquisition of properties in Woodson County, Kansas, the Company entered into the Fifth Amendment to Loan Agreement and other associated documents with Prosperity Bank (“Lender”).  Terms of the amendment and associated documents include:
		· Letters of credit issued by Lender originally for the account of TNR and subsequently amended for the account of MGC were excluded from the definition of “Letters of Credit” under the Loan Agreement (“Excluded LC’s), meaning that these letters of credit shall no longer constitute borrowings by MEI under the Loan Agreement.
		· A First Amendment to the Security Agreement and a First Amendment to the Mortgage, Collateral Assignment, Security Agreement and Financing Statement  amending the original of those documents  dated July 22, 2011 (“Amended Security Agreement and Mortgage”) was entered into by which the properties and all associated collateral located in the Lake Hermitage Field shall thereafter secure only the obligations of MGC related to the Excluded LC’s, and the remaining properties and all associated collateral covered by the Amended Security Agreement and Mortgage shall continue to secure all secured obligations other than the Excluded LC’s.
		· The Guaranties of the Loan Agreement by TNR and MGC were released.
		· TNRH delivered to Lender a Restated Guaranty limiting TNRH’s obligation under the Restated Guaranty to a maximum amount of $4.6 million (“Limitation Amount”).
		· In the event, for any reason, that TNRH pays Lender the Limitation Amount in satisfaction of Mesa Energy, Inc.’s (“Borrower”) outstanding indebtedness on the Revolving Loan, Lender shall deliver to TNR a partial release of the Louisiana Mortgage and Security Agreement with the only remaining obligations of TNRH being related to the Excluded LC’s.
		· AMC delivered to Lender a mortgage covering the Kansas properties and an Unlimited Guaranty.
		· The Borrowing Base has been reset by Lender to $8.2 million and our obligation to make monthly principal reduction payments which, as of last redetermination were $50,000 per month, was eliminated.
		· The Borrowing Base will not be increased until such time as the Louisiana Mortgage and all associated security interests granted by TNR have been released as security for the Loan and TNRH shall have been released from its obligations under the Restated Guaranty.
	The Credit Facility required that 50% of the projected production from the acquired properties be hedged for 24 months at $100 per barrel or above. The Company entered into various commodity derivative contracts with a single counterparty.
	On May 30, 2014, the Company entered into the Sixth Amendment to the Loan Agreement with Prosperity Bank by which the Termination Date was extended to September 22, 2014 and Lender consented to the Company’s transfer and novation of its interest in the hedges to TNRH.  As a result of the Company’s sale of the controlling interest in TNRH to Gulfstar, TNRH agreed in the Amendment to Unit Purchase Agreement dated April 10, 2014 to assume the hedging contracts between the Company and the counterparty.  Prosperity Bank agreed to the Company transferring and novating its interest in its hedges to TNRH in the Sixth Amendment to the Loan Agreement dated July 22, 2011, on May 30, 2014, see NOTE 6.
	Effective July 22, 2014, the Company entered into an Amendment to the Revolving Promissory Note with Prosperity Bank by which the Maturity Date was extended from September 22, 2014, to November 22, 2014.
	At inception of the Credit Facility, deferred financing costs of $102,877 were incurred.  For the nine months ended September 30, 2014 and 2013, $13,162 and $16,922, respectively, of amortized deferred financing costs had been recognized as interest expense.  At September 30, 2014 and December 31, 2013, $0 and $13,162, respectively, of deferred financing costs remained to be amortized.
	The Credit Facility contains covenants with which the Company must maintain compliance, among which are certain ratios.  The Company determined that, at September 30, 2014, it was not in compliance with the percentage of general and administrative expense to revenues for the quarter ended September 30, 2014, calculated at 130.71% although required under the Loan Agreement, as amended, to be less than or equal to 27%.  The Company was not in compliance with this covenant for the quarters ended March 31, 2014 and June 30, 2014, as well.  The Company’s noncompliance with the percentage of general and administrative expense to revenues covenant for two consecutive quarters constitutes an event of default under the Loan Agreement.  Upon an event of default, the entire principal amount of outstanding indebtedness under the Credit Facility, together with all accrued but unpaid interest thereon, shall, at the option of Prosperity Bank, be matured without further notice and become immediately due and payable.  The Company has requested a default waiver from Prosperity Bank relating to the Company’s noncompliance with this ratio covenant.  As of November 13, 2014, the Company has not received any indication from Prosperity Bank whether the waiver will be granted or denied.
	For the three and nine months ended September 30, 2014 and 2013, the Company recognized interest expense of $118,317, $146,678, $372,548 and $399,258, respectively, on the Credit Facility.
	Private Placement of Notes
	On March 20, 2013, the Company offered a private placement of debt pursuant to the provisions of Section 4(a)(2), Section 4(a)(6) and/or Regulation D under the Securities Act of 1933, as amended (the “Private Placement”).  Pursuant to the Private Placement the Company offered $300,000 minimum and $4 million maximum of Series A Senior Unsecured Notes carrying an interest rate of 9.625% per annum, payable quarterly, with a maturity date of May 30, 2014 (the “Notes”).  Under the terms of the offering, Series D Warrants for common shares were issued at closing.  The number of warrants issued was calculated by dividing the face value of each subscriber’s note by $0.75, and each warrant will be exercisable at $0.75 per share beginning September 1, 2013.  During the first two quarters of 2013, the Company had received subscriptions for $655,000 ($300,000 of which was acquired in the Armada acquisition) of Notes and issued warrants to purchase 873,333 shares of common stock to subscribers.  The Private Placement was closed to additional subscriptions in the second quarter of 2013. The fair value of the warrants, determined as their relative fair value to the notes, calculated using a Black Scholes model, of $248,927 ($103,001 of which was acquired in the Armada acquisition) was recorded as discount on the Notes to be amortized to interest expense using an effective interest rate.  Assumptions used in determining the fair values of the warrants were as follows:
			2013
	Weighted average grant date fair value		$	0.54
	Discount rate			0.77	%
	Expected life (in years)			4.9
	Weighted average volatility			205.74	%
	Expected dividends		$	—
	Of the Notes, $100,000 was subscribed by James J. Cerna, Jr., a director of the Company.  $39,199 of debt discount was associated with this Note; and warrants exercisable, as described above, for 133,333 shares were issued. $35,000 was subscribed by Marceau Schlumberger, who was a director of the Company at March 31, 2014.  Mr. Schlumberger’s note was paid in full during the three months ended June 30, 2014.  $962 in interest expense was paid on this Note.  $14,645 of debt discount was associated with this Note; and warrants exercisable, as described above, for 46,667 shares were issued.
	During the nine months ended September 30, 2014, one of the Notes in the amount of $25,000 attained maturity and was paid in full while three Notes totaling $105,000 were paid in full on April 10, 2014, prior to the maturity date of May 30, 2014.  $4,821 in interest expense was paid on these retired Notes.  On May 16, 2014, the maturity date of the three remaining Notes, including the $100,000 note subscribed by James J. Cerna, Jr., totaling $500,000 were extended from May 30, 2014, to May 30, 2015.  As consideration for this extension, the Company reduced the exercise price of the Series D Warrants held by the remaining holders of the Notes to $0.30 per share and issued an additional Series D Warrant (the “Additional Warrants”) to each of the remaining holders.  The Additional Warrants were issued for the purchase of up to the number of shares of common stock of the Company equal to 100% of the quotient of the amount of each of the remaining Notes divided by $1.00.  The Additional Warrants are exercisable at a purchase price of $0.30 per share for a period of five (5) years. Deferred financing cost of $8,280 resulted from the reduction of the exercise price.
	During the nine months ended September 30, 2014, the Company recognized $40,131 of interest expense on Notes; full amortization of the remaining debt discount resulted in the recognition of $87,726 as interest expense; and $30,808 of deferred financing costs was amortized to interest expense.  Of this interest expense, $7,193 on the Note, $16,960 of amortization of debt discount, and $1,796 was attributable to the Notes subscribed by James J. Cerna, Jr., a director of the Company.
	During the nine months ended September 30, 2013, the Company recognized interest expense of $31,696 on the Notes, and amortization of the debt discount resulted in the recognition of $105,789 as interest expense.  Prior to the acquisition of Mesa on March 27, 2013, $198 of interest expense on the Notes and $5,190 of debt discount amortization were recognized as interest expense, and were allocated to the purchase price of the Acquisition on March 28, 2013.

NOTE_9_ASSET_RETIREMENT_OBLIGA

NOTE 9 - ASSET RETIREMENT OBLIGATIONS	9 Months Ended
	Sep. 30, 2014
Asset Retirement Obligation Disclosure [Abstract]	'
Asset Retirement Obligation Disclosure [Text Block]	'
	NOTE 9 – ASSET RETIREMENT OBLIGATIONS
	The following table provides a reconciliation of the changes in the estimated asset retirement obligation for the nine months ended September 30, 2014.
			30-Sep-14			31-Dec-13
	Beginning asset retirement obligations		$	3,161,810		$	3,507,798
	Deconsolidation of TNRH			(3,106,376	)		—
	Obligations assumed from acquisition (1)			349,604			65,263
	Revaluation of asset retirement obligations (2)			—			(468,519	)
	Accretion expense			54,516			172,927
	Sale of Young and Archer County properties			—			(99,891	)
	Settlement of asset retirement obligations			—			(15,768	)
	Ending asset retirement obligations		$	459,554		$	3,161,810
		-1	2014 - ARO of Woodson County, Kansas, properties acquired on April 10, 2014.
			2013 - ARO of Archer and Young County, Texas, properties acquired in the Acquisition.
		-2	ARO of Texas and Louisiana properties.
	During the nine months ended September 30, 2014, the Company’s ownership status in TNRH changed from controlling to non-controlling, and the Company adopted the cost method of accounting for its investment in TNRH, deconsolidating the financial statements of TNRH from that of the Company; and the Company purchased developed leasehold in Woodson County, Kansas, and assumed the liability to plug and abandon wells from the seller.
	During the year ended December 31, 2013, the State of Louisiana refunded the deposit of $23,448 made by the Company on the Valentine Sugars #10 well which was plugged and abandoned before it was acquired from TNR on July 22, 2011.  As a result, the asset retirement obligation on the well of $15,768 was eliminated.  In addition, the asset retirement obligation for wells in the Keller Prospect in Young County, Texas, was revalued and increased by $30,794 and then retired upon sale of the properties.  The asset retirement obligation for the wells in Parish and Tribune Prospects in Archer County, Texas, was retired upon sale.

NOTE_10_INCOME_TAXES

NOTE 10 - INCOME TAXES	9 Months Ended
	Sep. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	NOTE 10 – INCOME TAXES
	We recognize the financial statement effects of tax positions when it is more likely than not, based on the technical merits, that the position will be sustained upon examination by a taxing authority. Recognized tax positions are initially and subsequently measured as the largest amount of tax benefit that is more likely than not of being realized upon ultimate settlement with a taxing authority. We have not taken a tax position that, if challenged, would have a material effect on the consolidated financial statements or the effective tax rate for the nine months ended September 30, 2014.  There were no interest and penalties related to unrecognized tax positions for the nine months ended September 30, 2014.  The tax years subject to examination by tax jurisdictions in the United States are 2010 through 2014.
	In April 2014, the Company sold its controlling interest in TNRH, see NOTE 4, and a gain of $11,105,788 was recognized on the sale.  This is the primary reason for the increase in our deferred tax liability from $3,703,553 at December 31, 2013 to $6,652,141 at September 30, 2014.
	As of September 30, 2014, the Company has U.S. net operating loss carry forwards of approximately $8.3 million which begin to expire in 2029.

NOTE_11_SHAREBASED_COMPENSATIO

NOTE 11 - SHARE-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	'
	NOTE 11 – SHARE-BASED COMPENSATION
	Warrants
	The following table summarizes the Company’s warrant activities for the nine months ended September 30, 2014:
			Shares			Weighted		Weighted	Aggregate
						Average		Average	Intrinsic
						Exercise		Remaining	Value
						Price		Contractual Life
	Outstanding at December 31, 2013			7,553,333		$	1.92	3.0 years	$	—
	Granted			400,000			0.3	4.9 years	$	—
	Exercised			—			—
	Cancelled/Expired			—			—
	Outstanding at September 30, 2014			7,953,333		$	1.84	4.2 years	$	—
	Exercisable at September 30, 2014			7,953,333		$	1.84	3.8 years	$	—
	During the nine months ended September 30, 2014, the exercise price of warrants issued to James J. Cerna, Jr., a member of our board of directors, and two others was reduced from $0.75 to $0.30 in exchange for agreeing to extend the maturity of notes payable to them from May 30, 2014, to May 30, 2015, see NOTE 8.  The reduction in the exercise price resulted in $8,280 of additional cost recognized as deferred financing costs of which $983 was recognized as interest expense through September 30, 2014.  In addition, 400,000 warrants were issued to two note holders (not including James J. Cerna, Jr.) whose exercise price had been modified in exchange for their agreement to the note extension.  The fair value of those warrants was determined through a Black Scholes model to be $76,948, which was charged to deferred financing costs as a cost associated with financing debt of which $9,136 was amortized to interest expense.
	Assumptions used in determining the fair values of the additional warrants issued were as follows:
			2014
	Weighted average grant date fair value		$	0.2
	Discount rate			1.56	%
	Expected life (in years)			5
	Weighted average volatility			191.29	%
	Expected dividends		$	—
	Stock Options
	The Board of Directors of the Company previously adopted the 2012 Incentive Plan which provides for the issuance of incentive awards of up to 5,000,000 shares of common stock to officers, key employees, consultants and directors of the Company and its subsidiaries.
	Options to purchase 900,000 shares of common stock were granted on September 9, 2014, the estimated fair value of which was $186,636.  Of these, options to purchase 570,000 shares were issued to directors and options to purchase 330,000 shares were granted to employees.  The estimated fair values of these grants were $118,203 and $68,433, respectively.
	The following table summarizes the values from and assumptions used in the Black-Scholes option pricing model for stock options issued during the nine months ended September 30, 2014:
			2014
	Weighted average grant date fair value		$	0.21
	Weighted average risk-free interest rate			0.93	%
	Expected life (in years)			5
	Weighted average volatility			106.28	%
	Expected dividends		$	—
	The following table summarizes the Company’s stock option activities for the nine months ended September 30, 2014:
			Shares			Weighted		Weighted	Aggregate
						Average		Average	Intrinsic
						Exercise		Remaining	Value
						Price		Contractual Life
	Outstanding at December 31, 2013			2,802,000			0.41	3.9 years		—
	Granted			900,000			0.22	4.9 years		—
	Exercised			—			—	—		—
	Cancelled/Expired/Forfeited (1)			(49,000	)		0.37	—		—
	Outstanding at September 30, 2014			3,653,000			0.31	3.8 years	$	—
	Exercisable at September 30, 2014			3,195,000		$	0.38	3.4 years	$	—
		-1	Forfeited shares comprise options granted to employees who terminated their employment with the Company.
	Compensation expense related to stock options of $103,393, $29,716, $128,690 and $581,164 was recognized for the three and nine months ended September 30, 2014 and 2013, respectively. At September 30, 2014, the Company had $86,849 of unrecognized compensation expense related to outstanding unvested stock options, which will be fully recognized over the next 12 months.
	Restricted Stock
	The following table summarizes the Company’s restricted stock activities for the nine months ended September 30, 2014:
			Shares
	Unvested Restricted Shares at December 31, 2013			—
	Granted			75,000
	Vested and issued			(75,000	)
	Cancelled/Expired			—
	Unvested Restricted Shares at September 30, 2014			—
	On August 1, 2014, the Company awarded 75,000 shares of restricted stock valued at $15,000 to a consultant as partial compensation for services to be rendered to the Company.  The shares were issued to the consultant and $15,000 was charged to share-based compensation.  At September 30, 2014, the Company has no unrecognized expense associated with the granting of restricted stock.
	During the nine months ended September 30, 2013, the Company had 64,800 unvested restricted shares and recognized $21,828 in share-based compensation expense.

NOTE_12_SUBSEQUENT_EVENTS

NOTE 12 - SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	NOTE 12 – SUBSEQUENT EVENTS
	Entry into Purchase and Sale Agreement
	On October 16, 2014, the Company entered into a purchase and sale agreement with Tabbs Bay Energy, LP, a Texas limited partnership (“TBELP”), pursuant to which we will purchase from the seller its interests in, and assume certain of its obligations under, eight oil and gas leases covering approximately 576 acres in Harris County, Texas, with total current production of approximately 190 net barrels of oil per day.  We will pay the seller $16,350,000 in cash for the leases, subject to adjustment as follows: if the closing price of light sweet crude oil (WTI) for January 2015 futures on the business day prior to the closing date is equal to or greater than $84.75 per barrel, then the base purchase price will increase by $120,000, and then an additional $120,000 increase for each $1.00 increase above $84.75 in such oil price.  If such oil price on the business day prior to the closing date is less than $76.74 per barrel, then, unless the parties, in their sole discretion, agree on a purchase price, we may terminate the agreement, and the performance deposit described in the next sentence will be returned to us.  We have paid a non-refundable $100,000 performance deposit to assure our performance of our obligations under the agreement.  At closing, the performance deposit will be credited against the payment of the purchase price.  The agreement also contains a mechanism for adjustment of the purchase price in the event of discovery of certain title defects or benefits, as well as for any casualty losses prior to closing, and for failure to receive certain third-party consents.  The closing must occur by November 14, 2014, unless both parties agree to extend, or we pay an additional $100,000 performance deposit to extend that date to December 12, 2014.  If we fail to close for any reason, including our failure to obtain adequate financing, other than failure of the seller to satisfy specified conditions to our obligation to close, the seller will retain the performance deposit as agreed liquidated damages.  The agreement contains certain indemnification and other customary provisions as well as certain due diligence and other conditions to closing, and there can be no assurance that those conditions will be satisfied.
	We will acquire 100% of the leasehold working interest from the surface to 50’ below the stratigraphic equivalent of the base of the Massive Frio Sand, as seen at a depth of 6,835’ in the log of the Gulf Oil Corporation Texas State Well No. 1 (API No. 4220107781) in the lands covered by the leases, subject to royalties, overriding royalties and other expense-free burdens on production that do not exceed 20% of 8/8ths, such that the net revenue interest in the leases conveyed to us will not be less than 80%.  We will also acquire a 25% working interest in all depths 50’ below the stratigraphic equivalent of the base of the Massive Frio Sand, as seen at a depth of 6,835’ in the log of the Gulf Oil Corporation Texas State Well No. 1 (API No. 4220107781), in the lands covered by the leases, subject to royalties, overriding royalties and other expense-free burdens on production.
	Under the PSA with TBELP, we have agreed to pay $16,350,000 in cash, subject to certain adjustments, for certain oil and gas leases in Harris County, Texas.  We have paid a non-refundable $100,000 performance deposit to assure our performance of our obligations under the PSA. We intend to fund the payment of the purchase price and associated costs for these leases from a combination of a new bank credit facility and the sale of equity or debt securities; however, no firm commitment for a new credit facility has been received, and there can be no assurance that we will be able to obtain that or other financing on terms acceptable to us or at all, and if we fail to do so, the PSA will be terminated and we will forfeit the performance deposit.
	Issuance of Note Payable to Related Party in Conjunction with Entry into PSA
	On October 17, 2014, the Company issued a Promissory Note to Sycamore Resources, Inc., an entity controlled by Randy M. Griffin, the President and Chief Executive Officer of the Company, in the amount of $100,000.  Principal and accrued interest of 12% per annum will be payable in a lump sum on or before maturity of this note, December 31, 2015. Proceeds from this borrowing were used to fund the non-refundable performance deposit under the PSA with TBELP referred to above.
	Issuance of Note Payable in Conjunction with Entry into a Financing Term Sheet
	On October 31, 2014, the Company issued a Promissory Note to David J. Moss in the amount of $100,000.  Principal and accrued interest of 12% per annum will be payable in a lump sum on or before maturity of this note, December 31, 2015. Proceeds from this borrowing were primarily used to fund the non-refundable expense deposit required in conjunction with a preliminary Term Sheet entered into with a prospective lender.
	Sale of Grayson County, Texas, Property Held for Sale
	On November 4, 2014, the Company sold its interest in a 250 acre leasehold in Grayson County, Texas. This interest was carried at cost of $37,540 and sold for $50,000.  The Company recognized a gain of $12,460 in the fourth quarter of 2014.

Accounting_Policies_by_Policy_

Accounting Policies, by Policy (Policies)	9 Months Ended
	Sep. 30, 2014
Accounting Policies [Abstract]	'
Basis of Accounting, Policy [Policy Text Block]	'
	Basis of Presentation
	The accompanying unaudited interim consolidated financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”). and should be read in conjunction with the audited consolidated financial statements and notes thereto contained in the Company’s latest annual report filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the unaudited interim consolidated financial statements that would substantially duplicate the disclosures contained in the audited consolidated financial statements for fiscal year 2013, as reported in the Form 10-K, have been omitted.
Consolidation, Policy [Policy Text Block]	'
	Principles of Consolidation
	The consolidated financial statements include the Company’s accounts and those of the Company’s wholly owned and majority owned subsidiaries. All significant intercompany accounts and transactions have been eliminated.
Use of Estimates, Policy [Policy Text Block]	'
	Use of Estimates
	The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at year-end and the reported amounts of revenues and expenses during the year and the reported amount of proved natural gas and oil reserves. Management bases its estimates on historical experience and various other assumptions that it believes are reasonable under the circumstances, the results of which form the basis for making judgments that are not readily apparent from other sources.   Actual results could differ from these estimates and changes in these estimates are recorded when known.
Reclassification, Policy [Policy Text Block]	'
	Reclassifications
	Certain reclassifications have been made to amounts in prior periods to conform to the current period presentation. All reclassifications have been applied consistently to the periods presented.
Earnings Per Share, Policy [Policy Text Block]	'
	Earnings (Loss) Per Common Share
	The Company’s earnings (loss) per common share are computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted loss per share reflects the potential dilution of securities, if any, that could share in the loss of the Company and is calculated by dividing net loss by the diluted weighted average number of common shares. The diluted weighted average number of common shares is computed using the treasury stock method for common stock that may be issued for outstanding stock options.
			For the Three Months Ended						For the Nine Months Ended
			September 30,						September 30,
			2014			2013			2014		2013
	Numerator:
	Net income (loss) available to stockholders		$	(278,097	)	$	(197,212	)	$	5,501,362	$	(1,743,298	)
	Basic net income allocable to participating securities (1)			—			—			—		—
	Basic net income (loss) available to stockholders			(278,097	)		(197,212	)		5,501,362		(1,743,298	)
	Denominator:
	Weighted average number of common shares – Basic			56,079,386			56,030,473			56,047,231		48,966,471
	Effect of dilutive securities (2) :
	Options and warrants			—			—			—		—
	Weighted average number of common shares – Diluted			56,079,386			56,030,473			56,047,231		48,966,471
	Net income (loss) per common share:
	Basic and diluted		$	0		$	(0.00	)	$	0.1	$	(0.04	)
		-1	Restricted share awards that contain non-forfeitable rights to dividends are participating securities and, therefore, are included in computing earnings using the two-class method. Participating securities, however, do not participate in undistributed net losses.
		-2	For the three and nine months ended September 30, 2014, stock options and warrants representing 3,653,000 and 7,953,333 shares, respectively, were antidilutive and, therefore, excluded from the diluted share calculation. For the three and nine months ended September 30, 2013, stock options and warrants representing 2,806,000 and 8,728,118 shares, respectively, were antidilutive and, therefore, excluded from the diluted share calculation.
New Accounting Pronouncements, Policy [Policy Text Block]	'
	Recently Issued Accounting Pronouncements
	The Company does not expect the adoption of any recently issued accounting pronouncements to have a significant impact on its financial position, results of operations or cash flows.
Subsequent Events, Policy [Policy Text Block]	'
	Subsequent Events
	The Company has evaluated all transactions through the financial statement issuance date for subsequent event disclosure consideration.

NOTE_1_ORGANIZATION_AND_SIGNIF1

NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2014
Disclosure Text Block [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'The Company’s earnings (loss) per common share are computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted loss per share reflects the potential dilution of securities, if any, that could share in the loss of the Company and is calculated by dividing net loss by the diluted weighted average number of common shares. The diluted weighted average number of common shares is computed using the treasury stock method for common stock that may be issued for outstanding stock options.
			For the Three Months Ended						For the Nine Months Ended
			September 30,						September 30,
			2014			2013			2014		2013
	Numerator:
	Net income (loss) available to stockholders		$	(278,097	)	$	(197,212	)	$	5,501,362	$	(1,743,298	)
	Basic net income allocable to participating securities (1)			—			—			—		—
	Basic net income (loss) available to stockholders			(278,097	)		(197,212	)		5,501,362		(1,743,298	)
	Denominator:
	Weighted average number of common shares – Basic			56,079,386			56,030,473			56,047,231		48,966,471
	Effect of dilutive securities (2) :
	Options and warrants			—			—			—		—
	Weighted average number of common shares – Diluted			56,079,386			56,030,473			56,047,231		48,966,471
	Net income (loss) per common share:
	Basic and diluted		$	0		$	(0.00	)	$	0.1	$	(0.04	)
		-1	Restricted share awards that contain non-forfeitable rights to dividends are participating securities and, therefore, are included in computing earnings using the two-class method. Participating securities, however, do not participate in undistributed net losses.
		-2	For the three and nine months ended September 30, 2014, stock options and warrants representing 3,653,000 and 7,953,333 shares, respectively, were antidilutive and, therefore, excluded from the diluted share calculation. For the three and nine months ended September 30, 2013, stock options and warrants representing 2,806,000 and 8,728,118 shares, respectively, were antidilutive and, therefore, excluded from the diluted share calculation.

NOTE_3_BUSINESS_COMBINATION_Ta

NOTE 3 - BUSINESS COMBINATION (Tables)	9 Months Ended
	Sep. 30, 2014
NOTE 3 - BUSINESS COMBINATION (Tables) [Line Items]	'
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	'On April 10, 2014, the Company acquired a 100% working interest in six developed and producing leases in Woodson County, Kansas, for a cash purchase price of $6,368,106. The purchase price was allocated as follows:
	Lease	Support Facilities and Equipment			Purchased Leasehold
	Wingrave Pasture	$	25,000		$	3,159,053
	John Wingrave		10,000			945,216
	Light		15,000			1,895,432
	Stockebrand		20,000			107,362
	Karmann		13,000			178,043
	Total	$	83,000		$	6,285,106
Mesa Energy Holdings, Inc. [Member]	'
NOTE 3 - BUSINESS COMBINATION (Tables) [Line Items]	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]	'Assumptions used in determining the fair values of the options and warrants noted above were as follows:
	Options
	Grant date fair value	$	0.55
	Discount rate		0.77	%
	Expected life (in years)		7.3
	Volatility		110.93	%
	Expected dividends	$	—
	Warrants
	Grant date fair value	$	0.55
	Weighted average discount rate		0.63	%
	Weighted average expected life (in years)		4
	Weighted average volatility		106.7	%
	Expected dividends	$	—
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	'The acquisition price was allocated to the assets acquired and liabilities assumed based upon their estimated fair values. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition.
	Assets acquired:
	Cash	$	31,894
	Prepaid assets		33,061
	Other current assets		50,000
	Total current assets		114,955
	Oil and gas properties subject to amortization		514,249
	Oil and gas properties not subject to amortization		9,948,551
	Total assets acquired		10,577,755
	Liabilities assumed:
	Accounts payable and accrued liabilities		2,471,665
	Note payable, net of discount of  $103,001		197,197
	Deferred tax liability		1,999,046
	Asset retirement obligations		65,263
	Total liabilities assumed		4,733,171
	Net assets acquired		5,844,584
	Goodwill		8,536,758
	Consideration paid:
	Equity instruments issued at their fair value	$	14,381,342

NOTE_4_ACQUISITION_AND_DIVESTI1

NOTE 4 - ACQUISITION AND DIVESTITURE (Tables)	9 Months Ended
	Sep. 30, 2014
Disclosure Text Block Supplement [Abstract]	'
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Table Text Block]	'TNRH’s balances as of March 31, 2014 and for the three month period ended March 31, 2014 were as follows:
		As of
		31-Mar-14
	ASSETS
	Current assets	$	6,659,144
	Oil and gas properties, successful efforts accounting:
	Properties subject to amortization, net		8,212,524
	Properties not subject to amortization		16,753
	Support facilities and equipment, net		2,628,792
	Net oil and gas properties		10,858,069
	Other assets		581,038
	TOTAL ASSETS		18,098,251
	LIABILITIES
	Current liabilities		2,329,986
	Deferred tax liability		403,283
	Asset retirement obligations		3,106,376
	Derivative liabilities		88,050
	TOTAL LIABILITIES		5,927,695
	NET ASSETS	$	12,170,556
		For the Three Months Ended
		31-Mar-14
	Revenues	$	3,161,809
	Net loss	$	(301,802	)
Schedule of Noncash or Part Noncash Divestitures [Table Text Block]	'A gain of $11,105,788 was recognized on our sale of the controlling interest and deconsolidation of TNRH as follows:
	Gain on deconsolidation of TNRH
	Fair value of proceeds that resulted in loss of control	$	6,419,573
	Fair value of noncontrolling interest retained (cost method investment)		9,830,766
	Carrying amount of noncontrolling interest in former subsidiary on the date the subsidiary is deconsolidated		5,862,443
	Subtotal		22,112,782
	Less carrying amount of TNRH’s net assets		(12,170,556	)
	Plus intercompany payables		1,163,562
	Gain on deconsolidation of TNRH	$	11,105,788
Schedule of Cost Method Investments [Table Text Block]	'As of September 30, 2014, the Company had a cost method investment for its remaining 27.124% noncontrolling interest held in TNRH as follows:
	Cost method investment
	Fair value of noncontrolling interest retained the date TNRH is deconsolidated	$	9,830,766
	Less Tranche D net proceeds from sale units in TNRH		(2,041,576	)
	Cost method investment as of September 30, 2014	$	7,789,190

NOTE_5_FAIR_VALUE_MEASUREMENTS1

NOTE 5 - FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	'The following tables set forth by level within the fair value hierarchy our financial assets and liabilities that were accounted for at fair value on a recurring basis as of September 30, 2014 and December 31, 2013.
		30-Sep-14
		Carrying Value			Fair Value Measurement
					Level 1		Level 2			Level 3
	Derivative liability – commodity contracts	$	—		$	—	$	—		$	—
		31-Dec-13
		Carrying Value			Fair Value Measurement
					Level 1		Level 2			Level 3
	Derivative liability – commodity contracts	$	(227,095	)	$	—	$	(227,095	)	$	—

NOTE_7_PROPERTY_AND_EQUIPMENT_

NOTE 7 - PROPERTY AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2014
NOTE 7 - PROPERTY AND EQUIPMENT (Tables) [Line Items]	'
Capitalized Costs Relating to Oil and Gas Producing Activities Disclosure [Table Text Block]	'The carrying values of the Company’s oil and gas properties, net of depletion and impairment, at September 30, 2014, and December 31, 2013, were:
			September 30,				December 31,
	Property		2014				2013
	Bear Creek Prospect		$	13,834,527			$	9,957,839
	Woodson County, Kansas			6,516,654				—
	Lake Hermitage Field			—				3,644,986
	Valentine Field			—				1,895,504
	Larose Field			—				1,112,275
	Bay Batiste Field			—				953,197
	Turkey Creek Field			—				782,727
	Total		$	20,351,181			$	18,346,528
Cost Incurred in Oil and Gas Property Acquisition, Exploration, and Development Activities Disclosure [Table Text Block]	'Net oil and gas properties at September 30, 2014 were:
	Year		Acquisition				Exploration				Dry Hole			Disposition			Depletion,			Total
	Incurred		Costs				and				Costs			of Assets			Amortization,
							Development										and
							Costs										Impairment
	2012 and prior		$	8,848,195			$	7,360,855			$	(466,066	)	$	(2,090,383	)	$	(3,810,942	)	$	9,841,659
	2013			10,422,630				2,176,671				(2,591,770	)		(346,152	)		(1,156,510	)		8,504,869
	2014			6,708,324				4,745,327				—			(8,837,248	)		(611,750	)		2,004,653
	Total		$	25,979,149			$	14,282,853			$	(3,057,836	)	$	(11,273,783	)	$	(5,579,202	)	$	20,351,181
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	'On April 10, 2014, the Company acquired a 100% working interest in six developed and producing leases in Woodson County, Kansas, for a cash purchase price of $6,368,106. The purchase price was allocated as follows:
	Lease		Support Facilities and Equipment				Purchased Leasehold
	Wingrave Pasture		$	25,000			$	3,159,053
	John Wingrave			10,000				945,216
	Light			15,000				1,895,432
	Stockebrand			20,000				107,362
	Karmann			13,000				178,043
	Total		$	83,000			$	6,285,106
Facilities, Offices and Other Equipment [Member]	'
NOTE 7 - PROPERTY AND EQUIPMENT (Tables) [Line Items]	'
Property, Plant and Equipment [Table Text Block]	'The Company’s support facilities and equipment serve its oil and gas production activities. The following table details these properties and equipment, together with their estimated useful lives:
				September 30,				December 31,
		Years		2014				2013
	Tank batteries	12-Jul		$	44,000			$	807,580
	Production equipment	7			38,351				1,034,599
	Production facilities	7			6,000				108,702
	Field offices	20			—				150,000
	Crew boats	7			—				172,413
	Vehicles	7			17,748				—
	Construction in progress (not depreciated)				—				43,696
	Asset retirement cost	7			—				786,828
	Subtotal				106,099				3,103,818
	Accumulated depreciation				(6,551	)			(685,920	)
	Total support facilities and equipment, net			$	99,548			$	2,417,898
Office Furniture, Equipment, and Other [Member]	'
NOTE 7 - PROPERTY AND EQUIPMENT (Tables) [Line Items]	'
Property, Plant and Equipment [Table Text Block]	'Office Furniture, Equipment, and Other
				September 30,				December 31,
		Years		2014				2013
	Office and computer equipment, purchased software, and leasehold improvements	3		$	220,301			$	251,912
	Furniture and fixtures	10			37,570				55,569
	Subtotal				257,871				307,481
	Accumulated depreciation				(110,329	)			(64,805	)
	Total property and equipment, net			$	147,542			$	242,676

NOTE_8_DEBT_Tables

NOTE 8 - DEBT (Tables)	9 Months Ended
	Sep. 30, 2014
NOTE 8 - DEBT (Tables) [Line Items]	'
Schedule of Debt [Table Text Block]	'The Company’s notes payable at September 30, 2014 and December 31, 2013 were as follows:
		September 30,			December 31,
		2014			2013
	Credit facility	$	8,072,693		$	8,222,693
	Notes issued pursuant to private placement of securities		400,000			555,000
	Notes issued pursuant to private placement of securities – related parties		100,000			100,000
	Less: debt discount on private placement of notes		—			(87,725	)
	Other term notes		56,845			79,582
	Notes payable outstanding		8,629,538			8,869,550
	Less:  Current maturities		(8,629,538	)		(8,869,550	)
	Notes payable – noncurrent	$	—		$	—
Series D Warrants [Member]	'
NOTE 8 - DEBT (Tables) [Line Items]	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]	'Assumptions used in determining the fair values of the warrants were as follows:
		2013
	Weighted average grant date fair value	$	0.54
	Discount rate		0.77	%
	Expected life (in years)		4.9
	Weighted average volatility		205.74	%
	Expected dividends	$	—

NOTE_9_ASSET_RETIREMENT_OBLIGA1

NOTE 9 - ASSET RETIREMENT OBLIGATIONS (Tables)	9 Months Ended
	Sep. 30, 2014
Asset Retirement Obligation Disclosure [Abstract]	'
Schedule of Asset Retirement Obligations [Table Text Block]	'The following table provides a reconciliation of the changes in the estimated asset retirement obligation for the nine months ended September 30, 2014.
			30-Sep-14			31-Dec-13
	Beginning asset retirement obligations		$	3,161,810		$	3,507,798
	Deconsolidation of TNRH			(3,106,376	)		—
	Obligations assumed from acquisition (1)			349,604			65,263
	Revaluation of asset retirement obligations (2)			—			(468,519	)
	Accretion expense			54,516			172,927
	Sale of Young and Archer County properties			—			(99,891	)
	Settlement of asset retirement obligations			—			(15,768	)
	Ending asset retirement obligations		$	459,554		$	3,161,810
		-1	2014 - ARO of Woodson County, Kansas, properties acquired on April 10, 2014.
			2013 - ARO of Archer and Young County, Texas, properties acquired in the Acquisition.
		-2	ARO of Texas and Louisiana properties.

NOTE_11_SHAREBASED_COMPENSATIO1

NOTE 11 - SHARE-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2014
NOTE 11 - SHARE-BASED COMPENSATION (Tables) [Line Items]	'
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]	'The following table summarizes the Company’s warrant activities for the nine months ended September 30, 2014:
			Shares			Weighted		Weighted	Aggregate
						Average		Average	Intrinsic
						Exercise		Remaining	Value
						Price		Contractual Life
	Outstanding at December 31, 2013			7,553,333		$	1.92	3.0 years	$	—
	Granted			400,000			0.3	4.9 years	$	—
	Exercised			—			—
	Cancelled/Expired			—			—
	Outstanding at September 30, 2014			7,953,333		$	1.84	4.2 years	$	—
	Exercisable at September 30, 2014			7,953,333		$	1.84	3.8 years	$	—
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	'The following table summarizes the values from and assumptions used in the Black-Scholes option pricing model for stock options issued during the nine months ended September 30, 2014:
			2014
	Weighted average grant date fair value		$	0.21
	Weighted average risk-free interest rate			0.93	%
	Expected life (in years)			5
	Weighted average volatility			106.28	%
	Expected dividends		$	—
Nonvested Restricted Stock Shares Activity [Table Text Block]	'The following table summarizes the Company’s restricted stock activities for the nine months ended September 30, 2014:
			Shares
	Unvested Restricted Shares at December 31, 2013			—
	Granted			75,000
	Vested and issued			(75,000	)
	Cancelled/Expired			—
	Unvested Restricted Shares at September 30, 2014			—
Warrants Issued with Debt [Member]	'
NOTE 11 - SHARE-BASED COMPENSATION (Tables) [Line Items]	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block]	'Assumptions used in determining the fair values of the additional warrants issued were as follows:
			2014
	Weighted average grant date fair value		$	0.2
	Discount rate			1.56	%
	Expected life (in years)			5
	Weighted average volatility			191.29	%
	Expected dividends		$	—
Employee Stock Option [Member]	'
NOTE 11 - SHARE-BASED COMPENSATION (Tables) [Line Items]	'
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	'The following table summarizes the Company’s stock option activities for the nine months ended September 30, 2014:
			Shares			Weighted		Weighted	Aggregate
						Average		Average	Intrinsic
						Exercise		Remaining	Value
						Price		Contractual Life
	Outstanding at December 31, 2013			2,802,000			0.41	3.9 years		—
	Granted			900,000			0.22	4.9 years		—
	Exercised			—			—	—		—
	Cancelled/Expired/Forfeited (1)			(49,000	)		0.37	—		—
	Outstanding at September 30, 2014			3,653,000			0.31	3.8 years	$	—
	Exercisable at September 30, 2014			3,195,000		$	0.38	3.4 years	$	—
		-1	Forfeited shares comprise options granted to employees who terminated their employment with the Company.

NOTE_1_ORGANIZATION_AND_SIGNIF2

NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Details)	3 Months Ended		9 Months Ended	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014
	Equity Option [Member]	Equity Option [Member]	Equity Option [Member]	Warrant [Member]	Warrant [Member]	Warrant [Member]	TNRH [Member]	TNRH [Member]	TNRH [Member]
NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]	'	'	'	'	'	'	'	'	'
Equity Method Investment, Ownership Percentage	'	'	'	'	'	'	27.12%	27.12%	65.63%
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	3,653,000	2,806,000	2,806,000	8,728,118	7,953,333	8,728,118	'	'	'

NOTE_1_ORGANIZATION_AND_SIGNIF3

NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Calculation of Numerator and Denominator in Earnings Per Shares (USD $)	3 Months Ended				9 Months Ended
	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Numerator:	'		'		'		'
Net income (loss) available to stockholders	($278,097)		($197,212)		$5,501,362		($1,743,298)
Basic net income allocable to participating securities (1)	0	[1]	0	[1]	0	[1]	0	[1]
Basic net income (loss) available to stockholders	($278,097)		($197,212)		$5,501,362		($1,743,298)
Denominator:	'		'		'		'
Weighted average number of common shares b Basic	56,079,386		56,030,473		56,047,231		48,966,471
Effect of dilutive securities (2) :	'		'		'		'
Options and warrants	0	[2]	0	[2]	0	[2]	0	[2]
Weighted average number of common shares b Diluted	56,079,386	[2]	56,030,473	[2]	56,047,231	[2]	48,966,471	[2]
Net income (loss) per common share:	'		'		'		'
Basic and diluted	$0		$0		$0.10		($0.04)
[1]	Restricted share awards that contain non-forfeitable rights to dividends are participating securities and, therefore, are included in computing earnings using the two-class method. Participating securities, however, do not participate in undistributed net losses.
[2]	For the three and nine months ended September 30, 2014, stock options and warrants representing 3,653,000 and 7,953,333 shares, respectively, were antidilutive and, therefore, excluded from the diluted share calculation. For the three and nine months ended September 30, 2013, stock options and warrants representing 2,806,000 and 8,728,118 shares, respectively, were antidilutive and, therefore, excluded from the diluted share calculation.

NOTE_2_GOING_CONCERN_Details

NOTE 2 - GOING CONCERN (Details) (USD $)	Sep. 30, 2014
Going Concern [Abstract]	'
Working Capital (Deficit)	($1,948,894)

NOTE_3_BUSINESS_COMBINATION_De

NOTE 3 - BUSINESS COMBINATION (Details) (Mesa Energy Holdings, Inc. [Member], USD $)	0 Months Ended		3 Months Ended
	Apr. 19, 2013	Mar. 28, 2013	Dec. 31, 2013	Mar. 28, 2013
Mesa Energy Holdings, Inc. [Member]	'	'	'	'
NOTE 3 - BUSINESS COMBINATION (Details) [Line Items]	'	'	'	'
Equity Adjusted Ratio	'	'0.4	'	'
Stock Issued During Period, Shares, Acquisitions (in Shares)	'	21,094,633	'	'
Stock Issued During Period, Value, Acquisitions	'	$11,602,048	'	'
Class Of Warrant Or Rights Assumed (in Shares)	'	7,414,787	'	'
Warrants Grant Date Fair Value	'	'	'	1,969,399
Share Based Compensation Arrangement By Share Based Payment Award Options Assumed In Period (in Shares)	'	1,064,000	'	'
Options grant date fair value	'	'	'	484,895
Business Combination, Consideration Transferred, Liabilities Incurred	'	325,000	'	'
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	'	325,000	'	'
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in Shares)	380,651	'	'	'
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned	'	'	'	14,056,342
Business Combination, Consideration Transferred	'	14,381,342	'	'
Goodwill	'	'	8,536,758	8,536,758
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Assets Noncurrent	'	'	6,088,885	'
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent	'	'	1,999,046	1,999,046
Goodwill, Impairment Loss	'	'	$8,536,758	'

NOTE_3_BUSINESS_COMBINATION_De1

NOTE 3 - BUSINESS COMBINATION (Details) - Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques (USD $)	9 Months Ended	0 Months Ended
	Sep. 30, 2014	Mar. 28, 2013	Mar. 28, 2013
		Employee Stock Option [Member]	Warrant [Member]
		Mesa Energy Holdings, Inc. [Member]	Mesa Energy Holdings, Inc. [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'	'	'
Grant date fair value (in Dollars per share)	$0.21	$0.55	'
Discount rate	0.93%	0.77%	'
Expected life (in years)	'5 years	'7 years 109 days	'
Volatility	'	110.93%	'
Expected dividends (in Dollars)	$0	$0	'
Grant date fair value (in Dollars per share)	'	'	$0.55
Weighted average discount rate	'	'	0.63%
Weighted average expected life (in years)	'	'	'4 years
Weighted average volatility	'	'	106.70%
Expected dividends (in Dollars per share)	'	'	$0

NOTE_3_BUSINESS_COMBINATION_De2

NOTE 3 - BUSINESS COMBINATION (Details) - Schedule of Purchase Price Allocation (Mesa Energy Holdings, Inc. [Member], USD $)	0 Months Ended
	Mar. 28, 2013	Dec. 31, 2013	Mar. 28, 2013
Business Acquisition [Line Items]	'	'	'
Cash	'	'	$31,894
Prepaid assets	'	'	33,061
Other current assets	'	'	50,000
Total current assets	'	'	114,955
Total assets acquired	'	'	10,577,755
Liabilities assumed:	'	'	'
Accounts payable and accrued liabilities	'	'	2,471,665
Note payable, net of discount of $103,001	'	'	197,197
Deferred tax liability	'	1,999,046	1,999,046
Asset retirement obligations	'	'	65,263
Total liabilities assumed	'	'	4,733,171
Net assets acquired	'	'	5,844,584
Goodwill	'	8,536,758	8,536,758
Equity instruments issued at their fair value	14,381,342	'	'
Oil and Gas Properties, Subject to Amortization [Member]	'	'	'
Business Acquisition [Line Items]	'	'	'
Properties and equipment	514,249	'	514,249
Oil and Gas Properties, not Subject to Amortization [Member]	'	'	'
Business Acquisition [Line Items]	'	'	'
Properties and equipment	$9,948,551	'	$9,948,551

NOTE_3_BUSINESS_COMBINATION_De3

NOTE 3 - BUSINESS COMBINATION (Details) - Schedule of Purchase Price Allocation (Parentheticals) (Mesa Energy Holdings, Inc. [Member], USD $)	Mar. 28, 2013
Mesa Energy Holdings, Inc. [Member]	'
Business Acquisition [Line Items]	'
Note payable, discount	$103,001

NOTE_4_ACQUISITION_AND_DIVESTI2

NOTE 4 - ACQUISITION AND DIVESTITURE (Details) (USD $)

0 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

3 Months Ended

0 Months Ended

9 Months Ended

Apr. 10, 2014

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Apr. 10, 2014

Jun. 30, 2014

Apr. 10, 2014

Jun. 16, 2014

16-May-14

Apr. 10, 2014

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Woodson County, Kansas [Member]

Woodson County, Kansas [Member]

Woodson County, Kansas [Member]

TNRH [Member]

TNRH [Member]

TNRH [Member]

TNRH [Member]

TNRH [Member]

TNRH [Member]

acre

NOTE 4 - ACQUISITION AND DIVESTITURE (Details) [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Private Placement, Number of Units

'

'

'

'

'

'

'

2,380

1,400

11,873

'

'

'

Private Placement, Price per Unit (in Dollars per share)

'

'

'

'

'

'

'

$564.31

$564.31

$564.31

'

'

'

Proceeds from Issuance or Sale of Equity

'

'

'

'

'

'

'

$1,343,058

$790,034

$6,700,053

$2,133,092

'

'

Proceeds from Issuance or Sale of Equity, Net

'

'

'

'

'

'

'

'

'

6,419,573

2,041,576

'

'

Noncontrolling Interest, Additonal Interest Sold

'

'

'

'

'

'

'

'

'

25.93%

'

'

'

Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions

'

'

'

'

'

'

'

'

'

60.30%

'

'

'

Equity Method Investment, Ownership Percentage

'

'

'

'

'

'

'

'

'

'

27.12%

27.12%

65.63%

Deconsolidation, Gain (Loss), Amount

'

11,105,788

0

'

'

'

'

11,105,788

'

'

11,105,788

'

'

Oil and Gas Property, Number of Lease Interests

'

'

'

'

'

6

'

'

'

'

'

'

'

Gas and Oil Area, Developed, Gross (in Acres)

'

'

'

'

'

1,040

'

'

'

'

'

'

'

Gas and Oil Area, Developed, Net (in Acres)

'

'

'

'

'

901

'

'

'

'

'

'

'

Payments to Acquire Oil and Gas Property

'

'

'

'

6,368,106

'

'

'

'

'

'

'

'

Costs Incurred, Acquisition of Oil and Gas Properties

'

'

'

'

6,285,106

'

'

'

'

'

'

'

'

Capitalized Costs, Wells and Related Equipment and Facilities

'

'

'

'

'

'

83,000

'

'

'

'

'

'

Asset Retirement Obligation, Liabilities Incurred

$349,604

$349,604

[1]

'

$65,263

[1]

'

'

'

'

'

'

'

'

'

[1]

2014 - ARO of Woodson County, Kansas, properties acquired on April 10, 2014.2013 - ARO of Archer and Young County, Texas, properties acquired in the Acquisition.

NOTE_4_ACQUISITION_AND_DIVESTI3

NOTE 4 - ACQUISITION AND DIVESTITURE (Details) - Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net (USD $)	3 Months Ended		9 Months Ended			0 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Mar. 31, 2014	Jun. 16, 2014	Mar. 31, 2014
						TNRH [Member]	TNRH [Member]	TNRH [Member]
ASSETS	'	'	'	'	'	'	'	'
Current assets	$9,506,605	'	$9,506,605	'	$8,969,181	'	'	$6,659,144
Oil and gas properties, successful efforts accounting:	'	'	'	'	'	'	'	'
Properties subject to amortization, net	10,396,866	'	10,396,866	'	7,692,703	'	'	8,212,524
Properties not subject to amortization	9,954,315	'	9,954,315	'	10,653,825	'	'	16,753
Support facilities and equipment, net	99,548	'	99,548	'	2,417,898	'	'	2,628,792
Net oil and gas properties	20,489,074	'	20,489,074	'	20,802,771	'	'	10,858,069
Other assets	75,098	'	75,098	'	55,598	'	'	581,038
TOTAL ASSETS	36,423,594	'	36,423,594	'	36,290,437	'	'	18,098,251
LIABILITIES	'	'	'	'	'	'	'	'
Current liabilities	11,455,499	'	11,455,499	'	11,279,478	'	'	2,329,986
Deferred tax liability	6,652,141	'	6,652,141	'	3,703,553	'	'	403,283
Asset retirement obligations	459,554	'	459,554	'	3,161,810	'	'	3,106,376
Derivative liabilities	'	'	'	'	'	'	'	88,050
TOTAL LIABILITIES	18,567,194	'	18,567,194	'	18,198,130	'	'	5,927,695
NET ASSETS	'	'	'	'	'	'	12,170,556	12,170,556
Revenues	411,560	3,302,121	4,128,805	9,846,067	'	3,161,809	'	'
Net loss	($278,097)	($197,212)	$5,501,362	($1,743,298)	'	($301,802)	'	'

NOTE_4_ACQUISITION_AND_DIVESTI4

NOTE 4 - ACQUISITION AND DIVESTITURE (Details) - Schedule of Noncash or Part Noncash Divestitures (USD $)	9 Months Ended			0 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Jun. 16, 2014	Sep. 30, 2014	Jun. 16, 2014	Mar. 31, 2014
				TNRH [Member]	TNRH [Member]	TNRH [Member]	TNRH [Member]
Noncash or Part Noncash Divestitures [Line Items]	'	'	'	'	'	'	'
Fair value of proceeds that resulted in loss of control	'	'	'	'	'	$6,419,573	'
Fair value of noncontrolling interest retained (cost method investment)	'	'	'	'	7,789,190	9,830,766	'
Carrying amount of noncontrolling interest in former subsidiary on the date the subsidiary is deconsolidated	'	'	'	'	'	5,862,443	'
Subtotal	0	'	5,966,188	'	'	22,112,782	'
Less carrying amount of TNRHbs net assets	'	'	'	'	'	-12,170,556	-12,170,556
Plus intercompany payables	'	'	'	'	'	1,163,562	'
Gain on deconsolidation of TNRH	$11,105,788	$0	'	$11,105,788	$11,105,788	'	'

NOTE_4_ACQUISITION_AND_DIVESTI5

NOTE 4 - ACQUISITION AND DIVESTITURE (Details) - Schedule of Cost Method Investments (TNRH [Member], USD $)	9 Months Ended
	Sep. 30, 2014	Jun. 16, 2014
TNRH [Member]	'	'
Schedule of Cost-method Investments [Line Items]	'	'
Fair value of noncontrolling interest retained the date TNRH is deconsolidated	$9,830,766	'
Less Tranche D net proceeds from sale units in TNRH	-2,041,576	'
Cost method investment as of September 30, 2014	$7,789,190	$9,830,766

NOTE_5_FAIR_VALUE_MEASUREMENTS2

NOTE 5 - FAIR VALUE MEASUREMENTS (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (USD $)	Sep. 30, 2014	Dec. 31, 2013
NOTE 5 - FAIR VALUE MEASUREMENTS (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]	'	'
Derivative liability b commodity contracts	$0	($227,095)
Fair Value, Inputs, Level 1 [Member]	'	'
NOTE 5 - FAIR VALUE MEASUREMENTS (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]	'	'
Derivative liability b commodity contracts	0	0
Fair Value, Inputs, Level 2 [Member]	'	'
NOTE 5 - FAIR VALUE MEASUREMENTS (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]	'	'
Derivative liability b commodity contracts	0	-227,095
Fair Value, Inputs, Level 3 [Member]	'	'
NOTE 5 - FAIR VALUE MEASUREMENTS (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]	'	'
Derivative liability b commodity contracts	$0	$0

NOTE_6_COMMODITY_DERIVATIVE_IN1

NOTE 6 - COMMODITY DERIVATIVE INSTRUMENTS (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
NOTE 6 - COMMODITY DERIVATIVE INSTRUMENTS (Details) [Line Items]	'	'	'	'
Derivative, Loss on Derivative	'	'	$165,511	'
Derivative, Gain on Derivative	'	'	'	252,146
Unrealized Gain (Loss) on Derivatives and Commodity Contracts	$0	($507,389)	($167,673)	($455,561)
Commodity Option [Member]	'	'	'	'
NOTE 6 - COMMODITY DERIVATIVE INSTRUMENTS (Details) [Line Items]	'	'	'	'
Types of Items Hedged by Price Risk Derivatives	'	'	'The Company had commodity derivative instruments with a single counterparty for which it determined the fair value using period-end closing oil and gas prices, interest rates and volatility factors for the periods under each contract.	'

NOTE_7_PROPERTY_AND_EQUIPMENT_1

NOTE 7 - PROPERTY AND EQUIPMENT (Details) (USD $)

0 Months Ended

3 Months Ended

6 Months Ended

9 Months Ended

12 Months Ended

120 Months Ended

141 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

Apr. 10, 2014

Sep. 30, 2014

Sep. 30, 2013

Jun. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Dec. 31, 2012

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Apr. 10, 2014

Sep. 30, 2014

Apr. 10, 2014

Sep. 30, 2014

Oct. 28, 2013

Nov. 02, 2012

Sep. 30, 2014

Dec. 31, 2012

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Thomas #6H Well [Member]

Thomas #6H Well [Member]

Wells, Cased, Depth [Member]

Undeveloped Leasehold Costs [Member]

Developed Leasehold Costs [Member]

Turkey Creek Field [Member]

Woodson County, Kansas [Member]

Woodson County, Kansas [Member]

Woodson County, Kansas [Member]

Bear Creek Prospect [Member]

Bear Creek Prospect [Member]

Bear Creek Prospect [Member]

Bear Creek Prospect [Member]

Bear Creek Prospect [Member]

Leasehold Interest Held for Sale [Member]

Property, Plant and Equipment, Other Types [Member]

Property, Plant and Equipment, Other Types [Member]

Property, Plant and Equipment, Other Types [Member]

Property, Plant and Equipment, Other Types [Member]

Turkey Creek Field [Member]

Turkey Creek Field [Member]

Bear Creek Prospect [Member]

Turkey Creek Field [Member]

Turkey Creek Field [Member]

Completion Costs [Member]

ft

acre

acre

ft

NOTE 7 - PROPERTY AND EQUIPMENT (Details) [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Costs Incurred, Exploration Costs

'

$31,472

$179,517

'

$198,896

$271,863

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Disposal Group, Including Discontinued Operation, Property, Plant and Equipment

'

8,229,277

'

'

8,229,277

'

'

'

8,229,277

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Disposal Group, Including Discontinued Operation, Long Lived Assets

'

'

'

'

'

'

'

'

'

'

'

'

'

'

570,425

'

'

'

'

'

'

'

'

'

'

'

'

'

Oil and gas property, working interest

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

'

'

'

'

'

'

'

'

'

'

Productive Oil Wells, Number of Wells, Gross

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6

'

'

'

'

'

'

'

'

'

'

Costs Incurred, Acquisition of Oil and Gas Properties

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6,368,106

'

'

'

'

'

'

'

'

'

'

'

'

Asset Retirement Obligation, Liabilities Incurred

349,604

'

'

'

349,604

[1]

'

65,263

[1]

'

'

'

'

'

'

'

'

'

349,604

'

'

'

'

'

'

'

'

'

'

'

Costs Incurred, Development Costs

'

'

'

'

'

'

'

'

'

'

1,808,969

'

'

'

'

'

23,399

'

'

'

'

3,876,637

'

'

'

'

'

'

Oil and Gas Property, Contract Description

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'the Company sold its undeveloped leasehold interest carried at $570,425 for $150,000, recognizing a loss of $420,425, and impaired $121,112 and $10,000 of undeveloped and developed leasehold costs, respectively, and $84,209 of intangible drilling costs associated with the Thomas Unit #5 well, reducing the Company’s investment in Oklahoma to $0.In the nine months ended September 30, 2013, the Company spent $1,808,969 on drilling the Thomas Unit #6H well.  The Thomas Unit #6H was not completed due to mechanical issues and has been plugged and abandoned.  We charged the drilling costs of $0 and $2,609,866 to dry hole expense in the three and nine months ended September 30, 2013, respectively.Bear Creek and Overland Trail Prospects – Carbon County, WyomingPursuant to a Share Exchange Agreement in 2012, the Company assumed a Purchase and Option Agreement between Armada Oil and Gas and TR Energy, Inc. through which it received leasehold interests in 1,280 acres of land, engineering data, and 2D seismic.  During the year ended December 31, 2013, the Company determined that this agreement was not in the best interest of the Company, terminated the agreement and surrendered the 1,280 acres of land to TR Energy, Inc.On November 2, 2012, Armada executed a Seismic and Farm Out Option Contract (the “Anadarko Contract”) whereby Anadarko E&P Onshore LLC (successor in interest to Anadarko E&P Company LP), and Anadarko Land Corp. (collectively “Anadarko”) agreed to execute a mineral permit granting the Company the nonexclusive right, until May 1, 2013, to conduct 3D survey operations on and across the contracted acreage in Carbon County, Wyoming.  If and when the Company drills and completes a test well capable of production and complies with all other terms of the Anadarko Contract, the Company will receive from Anadarko a lease, with an initial term of three (3) years, which provides for the Company to receive a 100 percent (100%) operated working interest in the section upon which the well was drilled.  Anadarko will retain a twenty percent (20%) royalty interest in future production.  The Company delivered the seismic data to Anadarko as agreed, selected a drilling location for the initial test well and, through September 30, 2014, drilled and cased the Bear Creek #1 well and prepared plans for completion.On October 28, 2013, the Company and Anadarko entered into a Third Amendment to the Seismic and Farm Out Option Contract dated October 22, 2012 which included the following changes to the original agreement, as amended:The Company is:· obligated to commence drilling of the initial test well on or before July 31, 2014 (previously December 31, 2013);· granted an option for a period of 180 days from date initial contract depth is reached in the initial test well to commence drilling of a Continuous Option Test well, regardless of well type; and· allowed to reduce control of well insurance coverage from $25,000,000 to $10,000,000.

'If and when the Company drills and completes a test well capable of production and complies with all other terms of the Anadarko Contract, the Company will receive from Anadarko a lease, with an initial term of three (3) years, which provides for the Company to receive a 100 percent (100%) operated working interest in the section upon which the well was drilled.  Anadarko will retain a twenty percent (20%) royalty interest in future production.

'

'

'

'

'

'

'

Disposal Group, Including Discontinued Operation, Property, Plant and Equipment, Noncurrent

'

'

'

'

'

'

'

'

'

'

'

'

'

'

570,425

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from Sale of Oil and Gas Property and Equipment

'

'

'

'

150,000

85,000

'

'

'

'

'

'

'

'

150,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Gain (Loss) on Disposition of Oil and Gas Property

'

-420,425

-55,448

'

-420,425

-55,448

'

'

'

'

'

'

'

'

420,425

'

'

'

'

'

'

'

'

'

'

'

'

'

Impairment of Oil and Gas Properties

'

'

'

'

'

'

'

'

'

'

'

'

121,112

10,000

84,209

'

'

'

'

'

'

'

'

'

'

'

'

'

Oil and Gas Property, Successful Effort Method, Net

'

20,489,074

'

'

20,489,074

'

20,802,771

'

20,489,074

'

'

'

'

'

0

'

'

'

'

'

'

'

'

'

'

'

'

'

Results of Operations, Dry Hole Costs

'

0

0

'

0

2,609,866

2,591,770

466,066

3,057,836

0

2,609,866

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gas and Oil Area, Developed, Gross (in Acres)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,280

250

'

'

'

'

Wells, Drilled, Depth (in Feet)

'

'

'

'

'

'

'

'

'

'

'

8,896

'

'

'

'

'

'

'

'

'

8,921

'

'

'

'

'

'

Future Net Cash Flows Relating to Proved Oil and Gas Reserves, Development Costs

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

705,900

'

'

4,582,537

'

'

'

'

'

'

Payments to Acquire Held-for-sale Real Estate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

37,540

'

'

'

'

Depreciation

'

$22,067

$12,223

$35,338

$67,271

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$3,622

$72,163

$108,079

$217,508

[1]

2014 - ARO of Woodson County, Kansas, properties acquired on April 10, 2014.2013 - ARO of Archer and Young County, Texas, properties acquired in the Acquisition.

NOTE_7_PROPERTY_AND_EQUIPMENT_2

NOTE 7 - PROPERTY AND EQUIPMENT (Details) - Capitalized Costs Relating to Oil and Gas Producing Activities (USD $)	Sep. 30, 2014	Dec. 31, 2013
Capitalized Costs Relating to Oil and Gas Producing Activities, by Geographic Area [Line Items]	'	'
Oil and Gas Property, Successful Effort Method, Net, Excluding Land	$20,351,181	$18,346,528
Bear Creek Prospect [Member]	'	'
Capitalized Costs Relating to Oil and Gas Producing Activities, by Geographic Area [Line Items]	'	'
Oil and Gas Property, Successful Effort Method, Net, Excluding Land	13,834,527	9,957,839
Woodson County, Kansas [Member]	'	'
Capitalized Costs Relating to Oil and Gas Producing Activities, by Geographic Area [Line Items]	'	'
Oil and Gas Property, Successful Effort Method, Net, Excluding Land	6,516,654	0
Lake Hermitage Field [Member]	'	'
Capitalized Costs Relating to Oil and Gas Producing Activities, by Geographic Area [Line Items]	'	'
Oil and Gas Property, Successful Effort Method, Net, Excluding Land	0	3,644,986
Valentine Field [Member]	'	'
Capitalized Costs Relating to Oil and Gas Producing Activities, by Geographic Area [Line Items]	'	'
Oil and Gas Property, Successful Effort Method, Net, Excluding Land	0	1,895,504
Larose Field [Member]	'	'
Capitalized Costs Relating to Oil and Gas Producing Activities, by Geographic Area [Line Items]	'	'
Oil and Gas Property, Successful Effort Method, Net, Excluding Land	0	1,112,275
Bay Batiste Field [Member]	'	'
Capitalized Costs Relating to Oil and Gas Producing Activities, by Geographic Area [Line Items]	'	'
Oil and Gas Property, Successful Effort Method, Net, Excluding Land	0	953,197
Turkey Creek Field [Member]	'	'
Capitalized Costs Relating to Oil and Gas Producing Activities, by Geographic Area [Line Items]	'	'
Oil and Gas Property, Successful Effort Method, Net, Excluding Land	$0	$782,727

NOTE_7_PROPERTY_AND_EQUIPMENT_3

NOTE 7 - PROPERTY AND EQUIPMENT (Details) - Cost Incurred in Oil and Gas Property Acquisition, Exploration, and Development Activities Disclosure (USD $)	3 Months Ended		9 Months Ended		12 Months Ended	120 Months Ended	141 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Sep. 30, 2014
Cost Incurred in Oil and Gas Property Acquisition, Exploration, and Development Activities Disclosure [Abstract]	'	'	'	'	'	'	'
Acquisition Costs	'	'	$6,708,324	'	$10,422,630	$8,848,195	$25,979,149
Exploration and Development Costs	'	'	4,745,327	'	2,176,671	7,360,855	14,282,853
Dry Hole Costs	0	0	0	-2,609,866	-2,591,770	-466,066	-3,057,836
Disposition of Assets	'	'	-8,837,248	'	-346,152	-2,090,383	-11,273,783
Depletion, Amortization, and Impairment	'	'	-611,750	'	-1,156,510	-3,810,942	-5,579,202
Total	'	'	$2,004,653	'	$8,504,869	$9,841,659	$20,351,181

NOTE_7_PROPERTY_AND_EQUIPMENT_4

NOTE 7 - PROPERTY AND EQUIPMENT (Details) - Schedule of Business Acquisitions, by Acquisition (Woodson County, Kansas [Member], USD $)	0 Months Ended
	Apr. 10, 2014	Apr. 10, 2014
Business Acquisition [Line Items]	'	'
Support Facilities and Equipment	'	$83,000
Purchased Leasehold	6,285,106	'
Wingrave Pasture [Member]	'	'
Business Acquisition [Line Items]	'	'
Support Facilities and Equipment	'	25,000
Purchased Leasehold	3,159,053	'
John Wingrave [Member]	'	'
Business Acquisition [Line Items]	'	'
Support Facilities and Equipment	'	10,000
Purchased Leasehold	945,216	'
Light [Member]	'	'
Business Acquisition [Line Items]	'	'
Support Facilities and Equipment	'	15,000
Purchased Leasehold	1,895,432	'
Stockbrand [Member]	'	'
Business Acquisition [Line Items]	'	'
Support Facilities and Equipment	'	20,000
Purchased Leasehold	107,362	'
Karmann [Member]	'	'
Business Acquisition [Line Items]	'	'
Support Facilities and Equipment	'	13,000
Purchased Leasehold	$178,043	'

NOTE_7_PROPERTY_AND_EQUIPMENT_5

NOTE 7 - PROPERTY AND EQUIPMENT (Details) - Schedule of Other Property, Plant, and Equipment (USD $)	9 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]	'	'
Property, plant and equipment, gross	$106,099	$3,103,818
Accumulated depreciation	-6,551	-685,920
Total support facilities and equipment, net	99,548	2,417,898
Tank Batteries [Member] | Minimum [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Estimated Useful Life	'7 years	'
Tank Batteries [Member] | Maximum [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Estimated Useful Life	'12 years	'
Tank Batteries [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property, plant and equipment, gross	44,000	807,580
Equipment [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Estimated Useful Life	'7 years	'
Property, plant and equipment, gross	38,351	1,034,599
Production facilities [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Estimated Useful Life	'7 years	'
Property, plant and equipment, gross	6,000	108,702
Field offices [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Estimated Useful Life	'20 years	'
Property, plant and equipment, gross	0	150,000
Crew boat [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Estimated Useful Life	'7 years	'
Property, plant and equipment, gross	0	172,413
Vehicles [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Estimated Useful Life	'7 years	'
Property, plant and equipment, gross	17,748	0
Construction in Progress [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Property, plant and equipment, gross	0	43,696
Asset retirement cost [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Estimated Useful Life	'7 years	'
Property, plant and equipment, gross	$0	$786,828

NOTE_7_PROPERTY_AND_EQUIPMENT_6

NOTE 7 - PROPERTY AND EQUIPMENT (Details) - Schedule of Property, Plant and Equipment (USD $)	9 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]	'	'
Property, Plant and Equipment, Gross	$257,871	$307,481
Accumulated depreciation	-110,329	-64,805
Total property and equipment, net	147,542	242,676
Office Equipment [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Estimated Useful Life	'3 years	'
Property, Plant and Equipment, Gross	220,301	251,912
Furniture and Fixtures [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Estimated Useful Life	'10 years	'
Property, Plant and Equipment, Gross	$37,570	$55,569

NOTE_8_DEBT_Details

NOTE 8 - DEBT (Details) (USD $)

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

1 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

15 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Mar. 20, 2013

Mar. 20, 2013

Sep. 30, 2014

Sep. 30, 2013

Mar. 20, 2013

Mar. 20, 2013

16-May-14

Apr. 10, 2014

Apr. 01, 2014

Mar. 27, 2013

Mar. 20, 2013

Jun. 30, 2014

Mar. 31, 2014

Sep. 30, 2014

Sep. 30, 2013

16-May-14

Mar. 20, 2013

Jul. 22, 2011

Apr. 10, 2014

Oct. 01, 2013

1-May-13

Jul. 22, 2011

Dec. 31, 2012

Sep. 30, 2012

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Dec. 31, 2012

Sep. 30, 2014

Apr. 10, 2014

1-May-13

Apr. 01, 2012

Dec. 31, 2011

Jul. 22, 2011

Director [Member]

Director [Member]

Director [Member]

Notes Payable, Other Payables [Member]

Notes Payable, Other Payables [Member]

Notes Payable, Other Payables [Member]

Notes Payable, Other Payables [Member]

Notes Payable, Other Payables [Member]

Notes Payable, Other Payables [Member]

Notes Payable, Other Payables [Member]

Notes Payable, Other Payables [Member]

Notes Payable, Other Payables [Member]

Notes Payable, Other Payables [Member]

Notes Payable, Other Payables [Member]

Notes Payable, Other Payables [Member]

Notes Payable, Other Payables [Member]

Notes Payable, Other Payables [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Line of Credit [Member]

Notes Payable, Other Payables [Member]

Notes Payable, Other Payables [Member]

Armada Oil, Inc [Member]

Minimum [Member]

Maximum [Member]

Base Rate [Member]

NOTE 8 - DEBT (Details) [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Maximum Borrowing Capacity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$25,000,000

Debt Instrument, Maturity Date

'

'

'

'

'

'

'

'

'

30-May-15

'

'

'

30-May-14

'

'

'

'

'

'

'

'

'

'

22-Jul-13

'

22-Jul-14

'

'

'

'

22-Jul-14

'

'

'

'

'

'

Debt Instrument, Basis Spread on Variable Rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Interest Rate, Stated Percentage Rate Range, Maximum

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5.75%

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Interest Rate at Period End

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5.75%

5.75%

'

5.75%

'

5.75%

'

'

'

'

'

Line of Credit Facility, Commitment Fee Percentage

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Current Borrowing Capacity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

14,500,000

'

'

'

12,700,000

'

'

8,200,000

13,375,000

13,500,000

'

10,500,000

Letters of Credit Outstanding, Amount

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9,195,963

'

'

'

'

'

9,195,963

'

'

'

'

4,704,037

'

Proceeds from Lines of Credit

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,693,106

4,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Debt Issuance Cost

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

102,877

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Description

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'The borrowing base is subject to two scheduled redeterminations each year.

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Collateral

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'Loans made under this credit facility were secured by TNR’s proved developed producing reserves (“PDP”) as well as guarantees provided by the Company, MEI, and the Company’s other wholly-owned subsidiaries.

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Frequency of Periodic Payment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'Monthly commitment reductions were initially set at $150,000 beginning November 22, 2011, and continuing until the first redetermination on or about April 1, 2012.

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Periodic Payment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

150,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Periodic Payment, Principal

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

50,000

'

75,000

'

'

'

'

'

'

50,000

'

'

'

'

'

'

'

Line of Credit Facility, Borrowing Capacity, Description

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'reduction of the Borrowing base by $675,000 to $12,700,000 from $13,375,000

'As a result of the reduction in the borrowing base, Prosperity Bank determined the existence of a Borrowing Base deficiency of $450,000.

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Frequency of Payments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'six equal monthly payments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Date of First Required Payment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

22-May-13

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amendment Description

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'The Amendment provided for the reduction of the Borrowing base by $675,000 to $12,700,000 from $13,375,000; reset monthly repayments of principal to $50,000 per month until the next scheduled redetermination to occur on or about April 1, 2014, and required that general and administrative expense not exceed 27% of revenue for any two consecutive quarters.

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Payment Terms

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'monthly repayments of principal to $50,000 per month until the next scheduled redetermination to occur on or about April 1, 2014

'

'

'

'

'

'

'

Repayments of Lines of Credit

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

150,000

'

'

'

'

'

'

'

'

'

Guarantor Obligations, Maximum Exposure, Undiscounted

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,600,000

'

'

'

'

Line of Credit Facility, Covenant Terms

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'The Credit Facility required that 50% of the projected production from the acquired properties be hedged for 24 months at $100 per barrel or above.

'

'

'

'

'

'

'

'

'

'

'

'

'

Deferred Finance Costs, Gross

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

8,280

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

102,877

Amortization of Financing Costs

43,970

16,923

'

'

'

1,796

'

'

'

'

'

'

'

'

'

'

30,808

'

'

'

'

'

'

'

'

'

'

'

13,162

16,922

'

'

'

'

'

'

'

'

Deferred Finance Costs, Net

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

0

'

13,162

'

0

'

'

'

'

'

Line of Credit Facility, Covenant Compliance

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'The Credit Facility contains covenants with which the Company must maintain compliance, among which are certain ratios.  The Company determined that, at September 30, 2014, it was not in compliance with the percentage of general and administrative expense to revenues for the quarter ended September 30, 2014, calculated at 130.71% although required under the Loan Agreement, as amended, to be less than or equal to 27%.  The Company was not in compliance with this covenant for the quarters ended March 31, 2014 and June 30, 2014, as well.  The Company’s noncompliance with the percentage of general and administrative expense to revenues covenant for two consecutive quarters constitutes an event of default under the Loan Agreement.  Upon an event of default, the entire principal amount of outstanding indebtedness under the Credit Facility, together with all accrued but unpaid interest thereon, shall, at the option of Prosperity Bank, be matured without further notice and become immediately due and payable.  The Company has requested a default waiver from Prosperity Bank relating to the Company’s noncompliance with this ratio covenant.  As of November 13, 2014, the Company has not received any indication from Prosperity Bank whether the waiver will be granted or denied.

'

'

'

'

'

'

'

'

'

Interest Expense, Debt

'

'

'

'

'

7,193

'

'

'

'

'

'

198

'

'

'

40,131

31,696

'

'

'

'

'

'

'

'

'

118,317

372,548

399,258

'

'

146,678

'

'

'

'

'

Debt Instrument, Face Amount

'

'

'

'

100,000

'

'

300,000

4,000,000

'

'

'

'

'

'

'

'

'

100,000

35,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Interest Rate, Stated Percentage

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9.63%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Warants to be issued with private placement, description

'

'

'

'

'

'

'

'

'

'

'

'

'

'The number of warrants issued was calculated by dividing the face value of each subscriber’s note by $0.75

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.30

$0.75

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Class of Warrant or Right, Date from which Warrants or Rights Exercisable

'

'

'

'

'

'

'

'

'

'

'

'

'

1-Sep-13

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from Issuance of Private Placement

'

'

'

'

'

'

300,000

'

'

'

'

'

'

'

'

'

'

655,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Class of Warrant or Rights Granted (in Shares)

400,000

'

'

133,333

'

'

'

'

'

'

'

'

'

46,667

'

'

'

873,333

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Unamortized Discount

0

'

87,725

'

39,199

'

103,001

'

'

'

'

'

'

'

'

'

'

248,927

'

14,645

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest Paid

446,401

454,331

'

'

'

'

'

'

'

'

4,821

'

'

'

962

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Repayments of Debt

'

'

'

'

'

'

'

'

'

'

105,000

'

'

'

'

25,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of Notes Payable

'

'

'

'

'

'

'

'

'

3

'

3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notes Payable

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Warrant Issuance, Description

'

'

'

'

'

'

'

'

'

'The Additional Warrants were issued for the purchase of up to the number of shares of common stock of the Company equal to 100% of the quotient of the amount of each of the remaining Notes divided by $1.00.

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Warrants, Term of Warrants

'

'

'

'

'

'

'

'

'

'5 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amortization of Debt Discount (Premium)

$87,726

$105,789

'

'

'

$16,960

'

'

'

'

'

'

$5,190

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

NOTE_8_DEBT_Details_Schedule_o

NOTE 8 - DEBT (Details) - Schedule of Debt (USD $)	Sep. 30, 2014	Dec. 31, 2013
NOTE 8 - DEBT (Details) - Schedule of Debt [Line Items]	'	'
Notes payable	$8,629,538	$8,869,550
Less: Current maturities	-8,629,538	-8,869,550
Notes payable b noncurrent	0	0
Less: debt discount on private placement of notes	0	-87,725
Issued Pursuant to Private Placement Securities [Member] | Loans Payable [Member]	'	'
NOTE 8 - DEBT (Details) - Schedule of Debt [Line Items]	'	'
Notes payable	400,000	555,000
Issued to Related Parties Pursuant to Private Placement Securities [Member] | Loans Payable [Member]	'	'
NOTE 8 - DEBT (Details) - Schedule of Debt [Line Items]	'	'
Notes payable	100,000	100,000
Medium-term Notes [Member]	'	'
NOTE 8 - DEBT (Details) - Schedule of Debt [Line Items]	'	'
Notes payable	56,845	79,582
Line of Credit [Member]	'	'
NOTE 8 - DEBT (Details) - Schedule of Debt [Line Items]	'	'
Notes payable	$8,072,693	$8,222,693

NOTE_8_DEBT_Details_Fair_Value

NOTE 8 - DEBT (Details) - Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques (Series D Warrants [Member], USD $)	0 Months Ended	9 Months Ended
	Mar. 20, 2013	Sep. 30, 2014
Series D Warrants [Member]	'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'	'
Weighted average grant date fair value	$0.54	$0.20
Discount rate	0.77%	1.56%
Expected life (in years)	'4 years 328 days	'5 years
Weighted average volatility	205.74%	191.29%
Expected dividends	$0	$0

NOTE_9_ASSET_RETIREMENT_OBLIGA2

NOTE 9 - ASSET RETIREMENT OBLIGATIONS (Details) (USD $)	9 Months Ended		12 Months Ended
	Sep. 30, 2014		Dec. 31, 2013
NOTE 9 - ASSET RETIREMENT OBLIGATIONS (Details) [Line Items]	'		'
Asset Retirement Obligation, Liabilities Settled	$0		$15,768
Asset Retirement Obligation, Revision of Estimate	0	[1]	468,519	[1]
Valentine Sugars #10 [Member]	'		'
NOTE 9 - ASSET RETIREMENT OBLIGATIONS (Details) [Line Items]	'		'
Proceeds from Other Deposits	'		23,448
Young County, Texas [Member]	'		'
NOTE 9 - ASSET RETIREMENT OBLIGATIONS (Details) [Line Items]	'		'
Asset Retirement Obligation, Revision of Estimate	'		$30,794
[1]	ARO of Texas and Louisiana properties.

NOTE_9_ASSET_RETIREMENT_OBLIGA3

NOTE 9 - ASSET RETIREMENT OBLIGATIONS (Details) - Schedule of Asset Retirement Obligations (USD $)	0 Months Ended	9 Months Ended		12 Months Ended
	Apr. 10, 2014	Sep. 30, 2014		Dec. 31, 2013
Schedule of Asset Retirement Obligations [Abstract]	'	'		'
Balance	'	$3,161,810		$3,507,798
Deconsolidation of TNRH	'	-3,106,376		0
Obligations assumed from acquisition (1)	349,604	349,604	[1]	65,263	[1]
Revaluation of asset retirement obligations (2)	'	0	[2]	-468,519	[2]
Accretion expense	'	54,516		172,927
Sale of Young and Archer County properties	'	0		-99,891
Settlement of asset retirement obligations	'	0		-15,768
Balance	'	$459,554		$3,161,810
[1]	2014 - ARO of Woodson County, Kansas, properties acquired on April 10, 2014.2013 - ARO of Archer and Young County, Texas, properties acquired in the Acquisition.
[2]	ARO of Texas and Louisiana properties.

NOTE_10_INCOME_TAXES_Details

NOTE 10 - INCOME TAXES (Details) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'	'	'
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense	$0	'	'
Deconsolidation, Gain (Loss), Amount	11,105,788	0	'
Deferred Tax Assets, Net of Valuation Allowance	6,652,141	'	3,703,553
Operating Loss Carryforwards, Expiration Date	'2029	'	'
Operating Loss Carryforwards	$8,300,000	'	'

NOTE_11_SHAREBASED_COMPENSATIO2

NOTE 11 - SHARE-BASED COMPENSATION (Details) (USD $)

3 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

9 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 09, 2014

Sep. 30, 2014

Sep. 09, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 09, 2014

Sep. 30, 2014

Sep. 30, 2013

Aug. 01, 2014

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Director [Member]

Director [Member]

Employees [Member]

Series D Warrants [Member]

Warrants Issued with Debt [Member]

Employee Stock Option [Member]

Employee Stock Option [Member]

Employee Stock Option [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Warrant Modification [Member]

2012 Long-Term Incentive Plan [Member]

Employee Stock Option [Member]

Employee Stock Option [Member]

2012 Long-Term Incentive Plan [Member]

2012 Long-Term Incentive Plan [Member]

2012 Long-Term Incentive Plan [Member]

NOTE 11 - SHARE-BASED COMPENSATION (Details) [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)

'

'

'

'

'

'

'

$0.30

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Maturity Date

'

'

'

'

'

'

'

30-May-15

'

'

'

'

'

'

'

'

'

'

Deferred Finance Costs, Gross

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$8,280

'

Amortization of Financing Costs

'

'

43,970

16,923

'

1,796

'

'

9,136

'

'

'

'

'

'

'

983

'

Class of Warrant or Rights Granted (in Shares)

'

'

400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of Debt Instruments

'

'

'

'

'

'

'

'

2

'

'

'

'

'

'

'

'

'

Debt Instrument, Convertible, Carrying Amount of Equity Component

'

'

'

'

'

'

'

'

76,948

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,000,000

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in Shares)

'

'

900,000

'

570,000

'

330,000

'

'

900,000

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share)

'

'

$0.21

'

$118,203

'

$68,433

'

'

$186,636

'

'

'

'

'

'

'

'

Allocated Share-based Compensation Expense

103,393

29,716

'

'

'

'

'

'

'

'

128,690

581,164

'

'

'

'

'

'

Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options

'

'

'

'

'

'

'

'

'

'

86,849

'

'

'

'

'

'

'

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition

'

'

'

'

'

'

'

'

'

'

'12 months

'

'

'

'

'

'

'

Stock Issued During Period, Shares, Restricted Stock Award, Gross (in Shares)

'

'

'

'

'

'

'

'

'

'

'

'

75,000

'

'

'

'

'

Stock Issued During Period, Value, Restricted Stock Award, Gross

'

'

'

'

'

'

'

'

'

'

'

'

15,000

'

'

'

'

'

Professional Fees

'

'

'

'

'

'

'

'

'

'

'

'

'

15,000

'

'

'

'

Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in Shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

0

64,800

0

'

'

Share-based Compensation

'

'

$143,690

$636,714

'

'

'

'

'

'

'

'

'

'

$21,828

'

'

'

NOTE_11_SHAREBASED_COMPENSATIO3

NOTE 11 - SHARE-BASED COMPENSATION (Details) - Schedule of Stockholders' Equity Note, Warrants or Rights (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Schedule of Stockholders' Equity Note, Warrants or Rights [Abstract]	'	'
Shares	7,953,333	7,553,333
Weighted Average Exercise Price	$1.84	$1.92
Weighted Average Remaining Contractual Life	'4 years 73 days	'3 years
Aggregate Intrinsic Value	$0	$0
Exercisable at September 30, 2014	7,953,333	'
Exercisable at September 30, 2014	$1.84	'
Exercisable at September 30, 2014	'3 years 292 days	'
Exercisable at September 30, 2014	$0	'
Granted	400,000	'
Granted	$0.30	'
Granted	'4 years 328 days	'
Exercised	0	'
Exercised	$0	'
Cancelled/Expired	0	'
Cancelled/Expired	$0	'

NOTE_11_SHAREBASED_COMPENSATIO4

NOTE 11 - SHARE-BASED COMPENSATION (Details) - Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques (Series D Warrants [Member], USD $)	0 Months Ended	9 Months Ended
	Mar. 20, 2013	Sep. 30, 2014
Series D Warrants [Member]	'	'
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]	'	'
Weighted average grant date fair value	$0.54	$0.20
Discount rate	0.77%	1.56%
Expected life (in years)	'4 years 328 days	'5 years
Weighted average volatility	205.74%	191.29%
Expected dividends	$0	$0

NOTE_11_SHAREBASED_COMPENSATIO5

NOTE 11 - SHARE-BASED COMPENSATION (Details) - Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (USD $)	9 Months Ended
	Sep. 30, 2014
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Abstract]	'
Weighted average grant date fair value (in Dollars per share)	$0.21
Weighted average risk-free interest rate	0.93%
Expected life (in years)	'5 years
Weighted average volatility	106.28%
Expected dividends (in Dollars)	$0

NOTE_11_SHAREBASED_COMPENSATIO6

NOTE 11 - SHARE-BASED COMPENSATION (Details) - Schedule of Share-based Compensation, Stock Options, Activity (USD $)	9 Months Ended		12 Months Ended
	Sep. 30, 2014		Dec. 31, 2013
Schedule of Share-based Compensation, Stock Options, Activity [Abstract]	'		'
Options, Outstanding	3,653,000		2,802,000
Weighted Average Exercise Price, Options Outstanding	$0.31		$0.41
Weighted Average Remaining Conractual Life, Options Outstanding	'3 years 292 days		'3 years 328 days
Aggregate Intrinsic Value, Options Outstanding	$0		$0
Exercisable at September 30, 2014	3,195,000		'
Exercisable at September 30, 2014	$0.38		'
Exercisable at September 30, 2014	'3 years 146 days		'
Exercisable at September 30, 2014	0		'
Granted	900,000		'
Granted	$0.22		'
Granted	'4 years 328 days		'
Exercised	0		'
Exercised	$0		'
Exercised	'0 years		'
Cancelled/Expired/Forfeited (1)	-49,000	[1]	'
Cancelled/Expired/Forfeited (1)	$0.37	[1]	'
Cancelled/Expired/Forfeited (1)	'0 years	[1]	'
Cancelled/Expired/Forfeited (1)	'	[1]	'
[1]	Forfeited shares comprise options granted to employees who terminated their employment with the Company.

NOTE_11_SHAREBASED_COMPENSATIO7

NOTE 11 - SHARE-BASED COMPENSATION (Details) - Nonvested Restricted Stock Shares Activity (Restricted Stock [Member])	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Restricted Stock [Member]	'	'
NOTE 11 - SHARE-BASED COMPENSATION (Details) - Nonvested Restricted Stock Shares Activity [Line Items]	'	'
Unvested Restricted Shares at December 31, 2013	0	64,800
Granted	75,000	'
Vested and issued	-75,000	'
Cancelled/Expired	0	'
Unvested Restricted Shares at September 30, 2014	0	64,800

NOTE_12_SUBSEQUENT_EVENTS_Deta

NOTE 12 - SUBSEQUENT EVENTS (Details) (USD $)

3 Months Ended

9 Months Ended

0 Months Ended

0 Months Ended

0 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Oct. 16, 2014

Oct. 16, 2014

Nov. 04, 2014

Nov. 04, 2014

Sep. 30, 2014

Oct. 31, 2014

Oct. 17, 2014

Oct. 31, 2014

Oct. 17, 2014

Purchase of Oil and Gas Lease [Member]

Purchase of Oil and Gas Lease [Member]

Leasehold Interest Held for Sale [Member]

Leasehold Interest Held for Sale [Member]

Leasehold Interest Held for Sale [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

acre

Loans Payable [Member]

Loans Payable [Member]

Loans Payable [Member]

Loans Payable [Member]

bbl

acre

acre

acre

NOTE 12 - SUBSEQUENT EVENTS (Details) [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Oil and Gas Property, Number of Lease Interests

'

'

'

'

8

'

'

'

'

'

'

'

'

Gas and Oil Area, Developed, Gross (in Acres)

'

'

'

'

'

576

'

250

250

'

'

'

'

Proved Developed and Undeveloped Reserves, Production (in Barrels (of Oil))

'

'

'

'

190

'

'

'

'

'

'

'

'

Significant Acquisitions and Disposals, Terms

'

'

'

'

'We will pay the seller $16,350,000 in cash for the leases, subject to adjustment as follows: if the closing price of light sweet crude oil (WTI) for January 2015 futures on the business day prior to the closing date is equal to or greater than $84.75 per barrel, then the base purchase price will increase by $120,000, and then an additional $120,000 increase for each $1.00 increase above $84.75 in such oil price.  If such oil price on the business day prior to the closing date is less than $76.74 per barrel, then, unless the parties, in their sole discretion, agree on a purchase price, we may terminate the agreement, and the performance deposit described in the next sentence will be returned to us.

'

'

'

'

'

'

'

'

Oil and Gas Property, Purchase Price

'

'

'

'

$16,350,000

'

'

'

'

'

'

'

'

Payments to Acquire Oil and Gas Property

'

'

'

'

100,000

'

'

'

'

'

'

'

'

Other Commitments, Description

'

'

'

'

'The closing must occur by November 14, 2014, unless both parties agree to extend, or we pay an additional $100,000 performance deposit to extend that date to December 12, 2014.  If we fail to close for any reason, including our failure to obtain adequate financing, other than failure of the seller to satisfy specified conditions to our obligation to close, the seller will retain the performance deposit as agreed liquidated damages.  The agreement contains certain indemnification and other customary provisions as well as certain due diligence and other conditions to closing, and there can be no assurance that those conditions will be satisfied.

'

'

'

'

'

'

'

'

Oil and Gas Property, Working Interest Description

'

'

'

'

'We will acquire 100% of the leasehold working interest from the surface to 50’ below the stratigraphic equivalent of the base of the Massive Frio Sand, as seen at a depth of 6,835’ in the log of the Gulf Oil Corporation Texas State Well No. 1 (API No. 4220107781) in the lands covered by the leases, subject to royalties, overriding royalties and other expense-free burdens on production that do not exceed 20% of 8/8ths, such that the net revenue interest in the leases conveyed to us will not be less than 80%.  We will also acquire a 25% working interest in all depths 50’ below the stratigraphic equivalent of the base of the Massive Frio Sand, as seen at a depth of 6,835’ in the log of the Gulf Oil Corporation Texas State Well No. 1 (API No. 4220107781), in the lands covered by the leases, subject to royalties, overriding royalties and other expense-free burdens on production.

'

'

'

'

'

'

'

'

Debt Instrument, Face Amount

'

'

'

'

'

'

'

'

'

'

'

100,000

100,000

Debt Instrument, Interest Rate, Stated Percentage

'

'

'

'

'

'

'

'

'

'

'

12.00%

12.00%

Debt Instrument, Maturity Date

'

'

'

'

'

'

'

'

'

31-Dec-15

31-Dec-15

'

'

Land Available-for-sale

'

'

'

'

'

'

'

37,540

'

'

'

'

'

Proceeds from Sale of Oil and Gas Property and Equipment

'

'

150,000

85,000

'

'

50,000

'

'

'

'

'

'

Gain (Loss) on Disposition of Oil and Gas Property

($420,425)

($55,448)

($420,425)

($55,448)

'

'

$12,460

'

'

'

'

'

'