| Document and Entity Information (USD $) | 9 Months Ended |
| Dec. 31, 2014 | |
| Document and Entity Information: | |
| Entity Registrant Name | Nation Energy Inc. |
| Document Type | 10-Q |
| Document Period End Date | 31-Dec-14 |
| Amendment Flag | FALSE |
| Entity Central Index Key | 1081183 |
| Current Fiscal Year End Date | -28 |
| Entity Common Stock, Shares Outstanding | 16,020,000 |
| Entity Public Float | $16,020 |
| Entity Filer Category | Smaller Reporting Company |
| Entity Current Reporting Status | No |
| Entity Voluntary Filers | No |
| Entity Well-known Seasoned Issuer | No |
| Document Fiscal Year Focus | 2015 |
| Document Fiscal Period Focus | Q3 |
| Nation Energy, Inc. - Condensed Balance Sheets (USD $) | Dec. 31, 2014 | Mar. 31, 2014 |
| Statement of Financial Position | ||
| cash | $25,945 | $2,749 |
| Total current assets | 25,945 | 2,749 |
| Total assets | 25,945 | 2,749 |
| Accounts payable | 27,718 | 10,100 |
| Accounts payable and accrued expenses - related party | 778,751 | 722,256 |
| Loans payable - related party | 983,710 | 847,933 |
| Total current liabilities | 1,790,179 | 1,580,289 |
| Preferred stock | 0 | 0 |
| Common stock | 16,020 | 16,020 |
| Additional paid-in capital | 6,868,380 | 6,868,380 |
| Accumulated (deficit) prior to the development stage | -6,839,714 | -6,839,714 |
| Accumulated (deficit) during the development stage | -1,724,719 | -1,465,461 |
| Foreign currency translation (loss) | -84,201 | -156,765 |
| Total stockholders' (deficit) | -1,764,234 | -1,577,540 |
| Total liabilities and stockholders' (deficit) | $25,945 | $2,749 |
| Nation Energy, Inc. - Condensed Statements of Operations and Comprehensive Loss (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
| Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2014 | Dec. 31, 2013 | |
| Income Statement | ||||
| Revenue: | $0 | $0 | $0 | $0 |
| Royalties | 0 | 0 | 0 | 0 |
| Operating | 0 | 0 | 0 | 0 |
| Operating income | 0 | 0 | 0 | 0 |
| General and administrative expenses | 32,491 | 41,304 | 106,935 | 68,103 |
| Income (loss) before other income (expense) | -32,491 | -41,304 | -106,935 | -68,103 |
| Interest (expense) | -54,140 | -42,574 | -152,323 | -122,518 |
| Interest income | 0 | 0 | 0 | 0 |
| Total other income | -54,140 | -42,574 | -152,323 | -122,518 |
| Net loss | -86,631 | -83,878 | -259,258 | -190,621 |
| Foreign currency translation gain (loss) | 47,264 | -35,921 | 72,565 | -52,210 |
| Comprehensive loss | ($39,367) | ($119,799) | ($186,693) | ($242,831) |
| Weighted average number of common shares outstanding - basic and diluted | 16,020,000 | 16,020,000 | 16,020,000 | 16,020,000 |
| Net loss per common share - basic and diluted | ($0.00) | ($0.01) | ($0.01) | ($0.02) |
| Nation Energy, Inc. - Condensed Statements of Cash Flows (Unaudited) (USD $) | 9 Months Ended | |
| Dec. 31, 2014 | Dec. 31, 2013 | |
| Cash flows statement | ||
| Net loss | ($259,258) | ($190,621) |
| Decrease in accounts receivable | 0 | 0 |
| Decrease in prepaid expense | 0 | 0 |
| Increase (decrease) in accounts payable | 17,617 | 18,619 |
| Increase in accounts payable - related party | 125,032 | 104,025 |
| Net cash (used in) operating activities | -116,609 | -67,977 |
| Proceeds from sale of oil and gas properties | 0 | 0 |
| Net cash provided by investing activities | 0 | 0 |
| Proceeds from loan payable - related party | 67,240 | 16,000 |
| Payments on loan payable - related party | 0 | 0 |
| Net cash provided by (used in) financing activities | 67,240 | 16,000 |
| Effect of currency rate change (loss) | 72,565 | 52,210 |
| Net increase (decrease) in cash | 23,196 | 233 |
| Beginning balance, cash | 2,749 | 1,566 |
| Ending balance, cash | 25,945 | 1,799 |
| Cash paid for interest | 0 | 0 |
| Cash paid for income taxes | 0 | 0 |
| Non-cash related party advance | $0 | $0 |
| Organization, Consolidation and Presentation of Financial Statements | 9 Months Ended |
| Dec. 31, 2014 | |
| Organization, Consolidation and Presentation of Financial Statements: | |
| Organization, Consolidation and Presentation of Financial Statements Disclosure | Note 1. Basis of Presentation |
| The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information. They do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, considered necessary for a fair presentation, have been included in the accompanying unaudited financial statements. Operating results for the periods presented are not necessarily indicative of the results that may be expected for the full year. For further information, refer to the financial statements and notes thereto, included in the Company’s Form 10-K as of and for the year ended March 31, 2014 (“The Annual Report”). | |
| Effective June 1, 2008, the Company sold all of its oil and gas properties in the Smoky Hill area of Alberta and is currently reviewing other prospects. To implement any new business plan, significant financing will be required and the Company will need to be successful in its efforts to identify, acquire and develop a new business venture. | |
| Upon the sale of all of its oil and gas assets, the Company re-entered the development stage effective June 1, 2008. Consequently, its operations are subject to all the risks inherent in the establishment of a new business enterprise. For the period from inception through December 31, 2014, the Company has an accumulated (deficit) of ($6,839,714) prior to the development stage and accumulated (deficit) during the development stage of ($1,724,719). | |
| Going Concern Note | Note 3. Going Concern |
| The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplates continuation of the Company as a going concern. The Company has incurred (losses) from inception through June 1, 2008 of ($6,839,714) and further (losses) of ($1,724,719) during the development stage. The Company has working capital and stockholders’ (deficits) of ($1,764,234) at December 31, 2014, and working capital and stockholders’ (deficits) of ($1,577,540) at March 31, 2014. The Company is reliant on raising capital to initiate its business plan. The Company’s ability to continue as a going concern is contingent upon being able to secure financing and attain profitable operations. | |
| The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the possible inability of the Company to continue as a going concern. |
| Accounting Changes and Error Corrections | 9 Months Ended |
| Dec. 31, 2014 | |
| Accounting Changes and Error Corrections: | |
| New Accounting Pronouncements and Changes in Accounting Principles | Note 2. Recent Accounting Pronouncements |
| In May 2014, the FASB issued ASU No. 2014-09, ”Revenue from Contracts with Customers,” which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective for the Company on January 1, 2017. Early application is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting. | |
| In June 2014, the FASB issued ASU No. 2014-10 “Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation” (“ASU 2014-10”). ASU 2014-10 addresses the cost and complexity associated with the incremental reporting requirements for development stage entities, such as start-up companies, without compromising the availability of relevant information and eliminates an exception provided to development stage entities in Topic 810, Consolidation, for determining whether an entity is a variable interest entity on the basis of the amount of investment equity that is at risk. The Company elected to apply ASU 2014-10 effective our quarter year ended September 30, 2014. ASU 2014-10 impacts financial statement presentation only and removes the requirement to present additional inception-to-date information. | |
| In August 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-15, “Presentation of Financial Statements - Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern” (“ASU 2014-15”). ASU 2014-15 is intended to define management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern and to provide related footnote disclosures. Specifically, ASU 2014-15 provides a definition of the term substantial doubt and requires an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). It also requires certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans and requires an express statement and other disclosures when substantial doubt is not alleviated. The new standard will be effective for reporting periods beginning after December 15, 2016, with early adoption permitted. The Company will evaluate the going concern considerations in this ASU; however, as of the current period, management believes that is current disclosures meet the requirement under this ASU. |
| Earnings Per Share | 9 Months Ended |
| Dec. 31, 2014 | |
| Earnings Per Share: | |
| Earnings Per Share | Note 4. Earnings Per Share |
| Basic earnings (loss) per share are calculated by dividing net income (loss) by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share are calculated by dividing net income (loss) by the weighted average number of common shares and dilutive common stock equivalents outstanding. |
| Related Party Disclosures | 9 Months Ended |
| Dec. 31, 2014 | |
| Related Party Disclosures: | |
| Related Party Transactions Disclosure | Note 5. Related Party Transactions |
| On January 1, 2009 the Company entered into a written agreement revising the previous verbal agreement with Caravel Management Corp (“Caravel”). The agreement provided for administrative services, office rent and supplies for $8,258 per month. On November 1, 2010, the Company revised its written agreement to provide administrative services, office rent and supplies for $3,500 per month. Caravel is wholly owned by the Company’s sole officer and director, John Hislop. Total expenses recognized under this agreement for the nine months ended December 31, 2014 and 2013 were $31,500 and $31,500 for each period, respectively. | |
| On March 31, 2006, the Company entered into a revised loan agreement with Caravel and John Hislop. The loan bears interest at 15% per annum, calculated and compounded monthly and is payable on demand. Any principal amount outstanding under the loan is payable upon demand. The loan payable is in Canadian dollars and is secured by a Promissory Note. | |
| As of December 31, 2014, the principal balance of the related party loans was US$983,710 and accrued interest payable was US$300,094 included in accrued expenses on the balance sheet as compared to a principal balance of US$847,933 and accrued interest payable of US$281,469 at March 31, 2014. | |
| On July 18, 2014, the Company entered into a promissory note with the Company’s sole officer and director, John Hislop (“Lender”) for $50,000. The loan shall bear interest calculated quarterly, not in advance, at a rate of 15% per annum upon demand by the Lender, both before and after each of maturity, default and judgement commencing effective July 18, 2014. The principal sum and all accrued and unpaid interest will become due and payable on July 18, 2016. As of December 31, 2014, the principal balance of the loan was US$50,000 and accrued interest payable of US$3,432. | |
| On September 2, 2014, the Company entered into a promissory note with the Company’s sole officer and director, John Hislop (“Lender”) for C$20,000. The loan shall bear interest calculated quarterly, not in advance, at a rate of 15% per annum upon demand by the Lender, both before and after each of maturity, default and judgement commencing effective September 2, 2014. The principal sum and all accrued and unpaid interest will become due and payable on September 2, 2016. As of December 31, 2014, the principal balance of the loan was US$17,240 (C$20,000) and accrued interest payable of US$857 (C$986). | |
| Subsequent Events | 9 Months Ended |
| Dec. 31, 2014 | |
| Subsequent Events: | |
| Subsequent Events | Note 6. Subsequent Events |
| Management of the Company has evaluated all subsequent transactions through the date the financial statements were available to be issued and has determined that there are no subsequent events that require disclosure. |
