CannAwake 10-K 31 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 31, 2017	Jun. 30, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Delta International Oil & Gas Inc.
Entity Central Index Key	1,112,985
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Entity Well-Known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 1,545,998
Entity Common Stock Shares Outstanding		32,338,826

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Current Assets:
Cash	$ 239,627	$ 717,085
Receivable from sale of bidding rights and oil and gas properties (net of allowance for doubtful accounts of $0 and $3,200,069 as of December 31, 2016 and 2015, respectively)
Total current assets	239,627	717,085
Property and equipment (net of accumulated depreciation of $0 and $16,386 as of December 31, 2016 and 2015, respectively)
Investment in MHD Technologies	125,000
Investments in unproved oil and gas properties		221,880
Other assets		6,368
TOTAL ASSETS	364,627	945,333
Current Liabilities:
Accounts payable	4,945	560
Accrued expenses	6,140	4,705
Notes payable	15,000	15,000
Total current liabilities	26,085	20,265
Total liabilities	26,085	20,265
Commitments and Contingencies
Stockholders' Equity:
Preferred stock $0.0001 par value-authorized 10,000,000 shares; no shares issued and outstanding at December 31, 2016 and 2015, respectively
Common stock $0.0001 par value - authorized 250,000,000 shares; 32,338,826 shares issued and outstanding at December 31, 2016 and 2015, respectively	3,233	3,233
Additional paid-in capital	7,151,482	7,151,482
Accumulated deficit	(6,831,708)	(6,280,417)
Accumulated other comprehensive gain	15,535	50,771
Total stockholders' equity	338,542	925,068
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 364,627	$ 945,333

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 0	$ 3,200,069
Net of accumulated depreciation	$ 0	$ 16,386
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, authorized	10,000,000	10,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, authorized	250,000,000	250,000,000
Common stock, shares issued	32,338,826	32,338,826
Common stock, shares outstanding	32,338,826	32,338,826

Consolidated Statement of Opera

Consolidated Statement of Operations - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Costs and Expenses:
Impairment charge	$ 191,236	$ 36,294
General and administrative	358,882	459,204
Total cost and expenses	550,118	495,498
Loss from operations	(550,118)	(495,498)
Other Income (Expense):
Foreign exchange gain (loss)		(756,521)
Other income	80	72,144
Other Income (expense)	80	(684,377)
Loss before income taxes	(550,038)	(1,179,875)
Provision (benefit) for income taxes	1,253
Net Loss	$ (551,291)	$ (1,179,875)
Net income (loss) per common share:
Basic and Diluted	$ (0.02)	$ (0.04)
Weighted average common shares - Basic and Diluted	32,338,826	32,338,826

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Statements of Comprehensive Income Loss [Abstract]
Net earnings (loss)	$ (551,291)	$ (1,179,875)
Other comprehensive income (loss):
Foreign currency translation adjustment	(35,235)	582,334
Net change in other comprehensive income (loss)	(35,235)	582,334
Comprehensive income (loss)	$ (586,526)	$ (597,541)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Total	Common Stock	Paid in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income
Balance at Dec. 31, 2014	$ 1,490,109	$ 3,233	$ 7,118,982	$ (5,100,542)	$ (531,564)
Balance, Shares at Dec. 31, 2014		32,338,826
Amortization of warrants for 1,000,000 at $.20 issued to Chairman of the Board	32,500		32,500
Net loss	(1,179,875)			(1,179,875)
Foreign Currency Adjustment	582,334				582,334
Balance at Dec. 31, 2015	925,068	$ 3,233	7,151,482	(6,280,417)	50,771
Balance, Shares at Dec. 31, 2015		32,338,826
Net loss	(551,291)			(551,291)
Foreign Currency Adjustment	(35,235)				(35,235)
Balance at Dec. 31, 2016	$ 338,542	$ 3,233	$ 7,151,482	$ (6,831,708)	$ 15,535
Balance, Shares at Dec. 31, 2016		32,338,826

Consolidated Statements of Sto7

Consolidated Statements of Stockholders' Equity (Parenthetical)	Dec. 31, 2015$ / sharesshares
Statements of Stockholders' Equity [Abstract]
Amortization of warrants for issued to Chairman of Board, Per share | $ / shares	$ 0.20
Amortization of warrants for issued to Chairman of Board, Shares | shares	1,000,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash flows from Operating Activities:
Net loss	$ (551,291)	$ (1,179,875)
Impairment charge	191,236	36,294
Warrants issued for services		32,500
Foreign currency transaction loss		756,521
Depreciation	1,912
Adjustments to reconcile net earnings (loss) to net cash used in operating activities:
Changes in operating assets and liabilities	5,820	(90,166)
Net cash used in operating activities	(352,323)	(444,726)
Cash flows from investing activities:
Purchases of furniture and equipment	(1,912)
Investment in Neptune Industries	(125,000)
Net cash used in investing activities	(126,912)
Cash flows from financing activities:
Proceeds from loans		12,000
Payment of loans		(12,000)
Net cash provided by financing activities
Effect of Exchange Rates on Cash	1,777	(44,366)
Net increase (decrease) in cash	(477,457)	(489,092)
Cash - Beginning of period	717,085	1,206,177
Cash - End of period	239,627	717,085
Changes in operating assets and liabilities consists of:
Increase (decrease) in accounts payable and accrued expenses	5,820	(90,166)
Changes in assets and liabilities	5,820	(90,166)
Supplemental disclosure of cash flow information:
Cash paid for interest
Cash paid for income taxes

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Description of Business and Summary of Significant Accounting Policies [Abstract]
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES ORGANIZATION Delta International Oil & Gas Inc. (“Delta” or “the Company”) was incorporated in Delaware on November 17, 1999. Our name was changed from Delta Mutual, Inc. to our present name on October 29, 2013, by filing by the Company in Delaware of a Certificate of Ownership, providing for the merger of the Company’s wholly-owned subsidiary, Delta International Oil and Gas Inc., into the Company, and in the merger, changing the Company’s name to Delta International Oil & Gas Inc. The primary focus of the Company’s business is its South America Hedge Fund LLC (“SAHF”) subsidiary, which has investments in oil and gas concessions in Argentina and focuses on the energy sector, including the development and supply of energy in Latin America. Currently, Delta is under contract to sell its oil and gas concessions in Argentina and transfer its subsidiary, SAHF, LLC out of the Company. Delta has commenced to devote business efforts to a future business expected to be in the transportation and desalination of water using a specific propulsion technology that had been deemed uneconomic until present-day. Delta made the initial investment into a company that holds the patents for this technology in the first quarter of 2016. Delta’s strategy for 2017 is to acquire tech-based companies (telecommunications or software-focused are primary targets) that have a long history of revenues with positive operating cash flow. The next two acquisitions are already under a letter of intent and are expected to close in the second quarter of 2017. PRINCIPLES OF CONSOLIDATION The Company’s financial statements include the accounts of all majority-owned subsidiaries where its ownership is more than 50 percent of the common stock. All material intercompany transactions and balances have been eliminated. USE OF ESTIMATES The preparation of the consolidated financial statements in conformity with accepted accounting principles generally accepted in the United States of America requires the Company to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and related disclosure of contingent assets and liabilities. On an ongoing basis, the Company evaluates its estimates including, but not limited to, those related to such items as impairments of oil and gas properties, income tax exposures, accruals, depreciable/useful lives, allowance for doubtful accounts, and valuation allowances. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates. EVALUATION OF LONG-LIVED ASSETS Oil and gas and mineral properties represent an important component of the Company’s total assets. Management reviews long-lived assets for potential impairment whenever significant events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Impairment exists when the carrying amount of the long-lived asset is not recoverable and exceeds its fair value. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the estimated undiscounted cash flows expected to result from the use and eventual disposition of the asset. If, impairment exists, the resulting write-down would be the difference between fair market value of the long-lived asset and the related net book value. INVESTMENTS Investments in non-consolidated affiliates consist of the Company’s ownership interests in oil and gas development and exploration rights in Argentina, net of impairment losses if any. These investments were reclassified to unproved oil and gas properties after the Company was officially admitted into the joint ventures for each of the properties. The Company evaluates these investments for impairment when indicators of potential impairment are present. Indicators of impairment include, but are not limited to, levels of oil and gas reserves, availability of pipeline (or other transportation) capacity and infrastructure and management of the operations in which the investments were made. The Company evaluates its equity method investments for impairment when events or changes in circumstances indicate, in management’s judgment, that the carrying value of such investments may have experienced an other-than-temporary decline in value. When evidence of loss in value has occurred, the Company compares fair value of the investment to its carrying value to determine whether impairment has occurred. If the estimated fair value is less than the carrying value and management considers the decline to be other than temporary, the excess of the carrying value over the estimated fair value is recognized as impairment in the consolidated financial statements. OIL AND GAS PROPERTIES The Company accounts for our oil and natural gas producing activities using the full cost method of accounting as prescribed by the United States Securities and Exchange Commission (SEC). Under this method, subject to a limitation based on estimated value, all costs incurred in the acquisition, exploration, and development of proved oil and natural gas properties, including internal costs directly associated with acquisition, exploration, and development activities, the costs of abandoned properties, dry holes, geophysical costs, and annual lease rentals are capitalized within a cost center. Costs of production and general and administrative corporate costs unrelated to acquisition, exploration, and development activities are expensed as incurred. Costs associated with unevaluated properties are capitalized as oil and natural gas properties but are excluded from the amortization base during the evaluation period. When we determine whether the property has proved recoverable reserves or not, or if there is an impairment, the costs are transferred into the amortization base and thereby become subject to amortization. The Company assesses all items classified as unevaluated property on at least an annual basis for inclusion in the amortization base. The Company assesses properties on an individual basis or as a group if properties are individually insignificant. The assessment includes consideration of the following factors, among others: intent to drill; remaining lease term; geological and geophysical evaluations; drilling results and activity; the assignment of proved reserves; and the economic viability of development if proved reserves are assigned. During any period in which these factors indicate that there would be impairment, or if proved reserves are assigned to a property, the cumulative costs incurred to date for such property are transferred to the amortizable base and are then subject to amortization. Capitalized costs included in the amortization base are depleted using the unit of production method based on proved reserves. Depletion is calculated using the capitalized costs included in the amortization base, including estimated asset retirement costs, plus the estimated future expenditures to be incurred in developing proved reserves, net of estimated salvage values. Beginning December 31, 2009, full cost companies use the un-weighted arithmetic average first day of the month price for oil and natural gas for the 12-month period preceding the calculation date. Prior to December 31, 2009, companies used the price in effect at the end of each accounting period and had the option, under certain circumstances, to elect to use subsequent commodity prices if they increased after the end of the accounting quarter. Sales or other dispositions of oil and natural gas properties are accounted for as adjustments to capitalized costs, with no gain or loss recorded unless the ratio of cost to proved reserves would significantly change. IMPAIRMENT The net book value of all capitalized oil and natural gas properties within a cost center, less related deferred income taxes, is subject to a full cost ceiling limitation which is calculated quarterly. Under the ceiling limitation, costs may not exceed an aggregate of the present value of future net revenues attributable to proved oil and natural gas reserves discounted at 10 percent using current prices, plus the lower of cost or market value of unproved properties included in the amortization base, plus the cost of unevaluated properties, less any associated tax effects. Any excess of the net book value, less related deferred tax benefits, over the ceiling is written off as expense. Impairment expense recorded in one period may not be reversed in a subsequent period even though higher oil and gas prices may have increased the ceiling applicable to the subsequent period. As of December 31, 2016, the Valle de Lerma concession had an impairment of $191,236, bringing the book value to $0. PROPERTY AND EQUIPMENT Property and equipment are stated at cost. Depreciation is provided for by the straight-line method over the estimated useful lives of the related assets. INCOME TAXES The Company accounts for income taxes in accordance with the liability method. Under the liability method, deferred assets and liabilities are recognized based upon anticipated future tax consequences attributable to differences between financial statement carrying amounts of assets and liabilities and their respective tax bases. The Company establishes a valuation allowance to the extent that it is more likely than not that deferred tax assets will not be utilized against future taxable income. UNCERTAIN TAX POSITIONS The Company evaluates uncertain tax positions pursuant to ASC Topic 740-10-25 “Accounting for Uncertainty in Income Taxes,” which allows companies to recognize a tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. Those tax positions failing to qualify for initial recognition are recognized in the first interim period in which they meet the more likely than not standard, or are resolved through negotiation or litigation with the taxing authority, or upon expiration of the statute of limitations. De-recognition of a tax position that was previously recognized occurs when an entity subsequently determines that a tax position no longer meets the more likely than not threshold of being sustained. At December 31, 2016 and 2015, the Company has approximately $0 and $0, respectively, of liabilities for uncertain tax positions. Interpretation of taxation rules relating to investments in Argentina concessions may give rise to uncertain positions. In connection with the uncertain tax position, there was no interest or penalties recorded. The Company is subject to ongoing tax exposures, examinations and assessments in various jurisdictions. Accordingly, the Company may incur additional tax expense based upon the outcomes of such matters. In addition, when applicable, the Company will adjust tax expense to reflect the Company’s ongoing assessments of such matters, which require judgment and can materially increase or decrease its effective rate as well as impact operating results. The number of years with open tax audits varies depending on the tax jurisdiction. The Company’s major taxing jurisdictions include the United States (including applicable states). EARNINGS (LOSS) PER SHARE Basic earnings per share are computed by dividing net earnings by the weighted average number of common shares outstanding during the period. Diluted earnings per common share are computed by dividing net earnings by the weighted average number of common share and potential common share outstanding during the period. Potential common shares consist of outstanding common stock purchase warrants. For the year ended December 31, 2016 and 2015, there were 9,211,517 and 9,211,517, respectively of potentially dilutive common shares outstanding. These potentially dilutive common shares are anti-dilutive in the years ended December 31, 2016 and 2015, due to our operating losses, and therefore, have not been included in the calculation of earnings per share. FOREIGN CURRENCY TRANSLATION In 2016 and 2015, the functional currency for the Company’s primary foreign operations is the local currency. Assets and liabilities of foreign operations are translated at balance sheet date rates of exchange and income, expense and cash flow items are translated at the average exchange rate for the period. The functional currency in Argentina is the Argentine Peso. Translation adjustments are recorded in Accumulated Other Comprehensive Loss. The Company’s subsidiary in Argentina also has certain U.S. dollar denominated intercompany receivables and payables, which generate foreign currency gains and losses in other income (expense) when translated at the end of each period using the current exchange rates. STOCK-BASED COMPENSATION The Company accounts for non-employee share-based awards based upon ASC 505-50, “Equity-Based Payments to Non-Employees.” ASC 505-50 requires the costs of goods and services received in exchange for an award of equity instruments to be recognized using the fair value of the goods and services or the fair value of the equity award, whichever is more reliably measurable. The fair value of the equity award is determined on the measurement date, which is the earlier of the date that a performance commitment is reached or the date that performance is complete. Generally, our awards do not entail performance commitments. When an award vests over time such that performance occurs over multiple reporting periods, we estimate the fair value of the award as of the end of each reporting period and recognize an appropriate portion of the cost based on the fair value on that date. When the award vests, we adjust the cost previously recognized so that the cost ultimately recognized is equivalent to the fair value on the date the performance is complete. FAIR VALUE OF FINANCIAL MEASUREMENTS FASB ASC 820, Fair Value Measurements and Disclosures, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. FASB ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. FASB ASC 820 describes three levels of inputs that may be used to measure fair value: The Company utilizes the accounting guidance for fair value measurements and discloses for all financial assets and liabilities that are recognized or disclosed at fair value in the consolidated financial statements on a recurring basis during the reporting period. The fair value is an exit price, representing the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability. ASC 820, “Fair Value Measurements and Disclosures”, establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers are defined as follows: Level 1 - Observable inputs such as quoted market prices in active markets. Level 2 - Inputs other than quoted prices in active markets that are either directly or indirectly observable. Level 3 - Unobservable inputs about which little or no market data exists, therefore requiring an entity to develop its own assumptions. As of December 31, 2016 and 2015, there were no financial assets or liabilities that required disclosure.

Receivable from Sale of Bidding

Receivable from Sale of Bidding Rights and Oil and Gas Properties	12 Months Ended
	Dec. 31, 2016
Receivable from Sale of Bidding Rights and Oil and Gas Properties [Abstract]
RECEIVABLE FROM SALE OF BIDDING RIGHTS AND OIL AND GAS PROPERTIES	2. RECEIVABLE FROM SALE OF BIDDING RIGHTS AND OIL AND GAS PROPERTIES On March 30, 2012 the Company entered into the Cooperation Agreement with PPL. Under the Cooperation Agreement, PPL agreed to pay us $7,000,000 for certain exploration and exploitation rights to oil and gas deposits and certain bidding rights held by Delta on the following areas: Valle de Lerma in the province of Salta; San Salvador de Jujuy; Libertador General San Martin in the province of Jujuy; and Selva Maria in the province of Formosa. Pursuant to a separate Agreement dated March 31, 2012, the Company agreed with PPL to assign and transfer 50% of SAHF’s current ownership of the Tartagal and Morillo (i.e., a 9% interest in the concession) to PPL for a purchase price of $500,000. PPL has also agreed in an Undertaking to provide funds to the operating entities of Valle de Lerma (the San Salvador, Libertador, and Selva Maria concessions were awarded to another party, whose bid exceeded that of the Company for these concessions), in the aggregate amount of up to $10,000,000. As of December 31, 2016, the Company had received deposits in the amount of $4,299,891 from PPL on account of remainder of the proceeds was initially recorded as a $3,200,109 receivable from the sale of bidding rights and oil and gas properties. As of December 31, 2014, the Company provided a reserve for doubtful accounts of $3,200,069. PPL is not current with the payment schedule set forth in the Cooperation Agreement, and while, the Company is in discussions with PPL to ensure that all payments provided for under the Cooperation Agreement are made within the time frame as required for concession financial commitments. In July 2016, PPL, Delta, and SAHF cancelled all of their agreements with no further obligation on either side as a condition for an agreement that was signed between SAHF, Delta, and High Luck Group.

Investment in Mineral Propertie

Investment in Mineral Properties	12 Months Ended
	Dec. 31, 2016
Investment in Mineral Properties [Abstract]
INVESTMENT IN MINERAL PROPERTIES	3. INVESTMENT IN MINERAL PROPERTIES On March 1, 2010, SAHF purchased control of 51% of the Guayatayoc project via a partnership agreement with Oscar Chedrese and Servicios Mineros SA. The project holds the concession for a period of 20 years for the mineral rights to 143,000 hectares with 29 mines located in the Northwest part of Argentina, south of the border with Bolivia, with high lithium and borates brines concentration. We have performed sampling in the property to determine the value of the property, but the results have been inconclusive. We are seeking a purchaser for our concession interest in this property, but we expect a transfer to happen for little or no value. Accordingly, as of December 31, 2015 we recorded a reserve for impairment of $36,294 on this property to write it down to $0. This property is expected to remain in SAHF when it transfers out of Delta to a third party.

Investment in Unproved Oil and

Investment in Unproved Oil and Gas Properties	12 Months Ended
	Dec. 31, 2016
Investment in Unproved Oil and Gas Properties [Abstract]
INVESTMENT IN UNPROVED OIL AND GAS PROPERTIES	4. INVESTMENT IN UNPROVED OIL AND GAS PROPERTIES As of December 31, 2016, the Company, through SAHF, retained 18% of the total concession in the carryover mode (“no cost obligations to SAHF”) in the Tartagal and Morillo oil and gas concessions located in Northern Argentina. We do not operate the Tartagal and Morillo concession, and have a minority position in the joint venture. 9% of Tartagal and Morillo had been sold to PPL in March 2012, but due to payment defaults, the 9% were not transferred. Subsequently, all contracts with PPL were cancelled and SAHF retained an 18% interest in the Tartagal and Morillo concessions. We hold a 30.6% interest in the Valle de Lerma concession in Northern Argentina, where the joint venture partners are Grasta SA, PetroNEXUS and REMSA. 29.4% of Valle de Lerma had been sold to PPL via an agreement dating March 2012. High Luck Group, as per request from PPL, was included in the UTE agreement for Valle de Lerma as 29.4% owner of the concession and bearer of 50% of all incurred costs. Thus far, Delta, via SAHF, has paid for all expenses related to Valle de Lerma to ensure that the concession remained in good standing, and PPL has defaulted in all of its payments in its agreement with SAHF. The official government decree issuing High Luck Group 29.4% of the concession has not yet been issued.. The exploration terms are four years for the first period, three years for the second and two years for the last period. Currently our ability to reopen the existing well site is constrained by law, since the location of the well was within the city limits of Salta. Requests made for government approval to override the existing restrictions of the current policy have been rejected. During 2016, the oil concession known as Valle de Lerma was completely impaired and as of December 31, 2016, it had a carrying value of $0. The concession is expected to transfer out of Delta along with SAHF in April of 2017. The Company no longer intends to pursue any of its own operating activities on its oil and gas properties that are not in a carry-over mode. As of January 3, 2017, High Luck Group Limited had accepted an offer from the Company for the sale of 18% of the Tartagal and Morillo concessions. Concession Investments Exploration Rights Total At January 1, 2015 $ 0 $ 336,383 $ 336,383 Translation gain (loss) 0 (114,503 ) (114,503 ) At December 31, 2015 $ -- $ 221,880 $ 221,880 Reserve for Impairment 0 (191,236 ) (191,236 ) Translation gain (loss) 0 (30,644 ) (30,644 ) At December 31, 2016 $ -- $ 0 $ 0

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2016
Property and Equipment [Abstract]
PROPERTY AND EQUIPMENT	5. PROPERTY AND EQUIPMENT Property and equipment consists of: December 31, 2016 2015 Oilfield equipment $ --- $ --- Furniture and equipment 1,912 16,386 Less accumulated depreciation (1,912 ) (16,386 ) Total property and equipment $ --- $ --- The Company no longer intends to pursue any of its own operating activities on its current oil and gas properties that are not in a carry-over mode. All fully depreciated furniture was donated during 2016 when Delta moved to fully-furnished executive offices. The only equipment that is left is fully depreciated computers.

Debt

Debt	12 Months Ended
	Dec. 31, 2016
Debt [Abstract]
DEBT	6. DEBT December 31, Short – term debt 2016 2015 Note payable to third party, interest at 6%, due August 10, 2011 15,000 15,000 Total $ 15,000 $ 15,000 During the year 2016, the Company did not pay off any debt and did not raise any more capital via debt instruments.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Taxes [Abstract]
INCOME TAXES	7. INCOME TAXES The Company has not made provision for income taxes in the years ended December 31, 2016 and 2015, respectively, since the Company has the benefit of net operating losses carried forward in these periods. Deferred income tax assets consist of: December 31, 2016 2015 Net operating loss carry-forwards $ 2,013,467 $ 1,862,771 Less valuation allowance (2,013,467 ) (1,862,771 ) Deferred income tax assets, net $ -- $ -- Due to uncertainties surrounding the Company’s ability to generate future taxable income to realize these assets, a full valuation has been established to offset the net deferred income tax asset. Based on management’s assessment, utilizing an effective combined tax rate for federal and state taxes of approximately 42%, the Company has determined it to be more likely than not that a deferred income tax asset of approximately $2,013,467 and $1,862,771 attributable to the future utilization of the approximately $4,793,970 and $4,435,168 in eligible net operating loss carry-forwards as of December 31, 2016 and 2015, respectively, will not be realized. The Company will continue to review this valuation allowance and make adjustments as appropriate. The net operating loss carryforwards will begin to expire in varying amounts from year 2021 to 2035. The Company is subject to taxation in the United States and certain state jurisdictions as well as in Argentina. The Company’s net operating loss carry forwards are subject to examination by the United States and applicable state tax authorities in the year of its utilization. There are currently no tax returns being examined by the IRS. The tax return filings for years 2013 through 2015 are still open for examination.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2016
Stockholders' Equity [Abstract]
STOCKHOLDERS' EQUITY	8. STOCKHOLDERS’ EQUITY Preferred Stock As of December 31, 2016 the board of directors had not authorized the issuance of any series of preferred stock. Common Stock For the years ended December 31, 2016 and 2015, the Company did not issue and new shares. The company recorded compensation expense of for the year ended December 31, 2016 and 2015 of $0 and $32,499, respectively. In 2015, the compensation expense was in the form of warrants for Dr. Phillips Smith for his service as Chairman of the Board for the years 2013-2015. A summary of warrant activity is detailed below: Weighted Weighted Average Average Aggregated Warrants Exercise Contractual Term Intrinsic Value Outstanding, December 31, 2014 9,211,517 $ 0.21 3.65 years $ 691,052 Granted - - - - Exercised - - - - Outstanding, December 31, 2015 9,211,517 $ 0.21 2.65 years $ - Granted - - - - Exercised - - - - Outstanding, December 31, 2016 9,211,517 $ 0.21 1.65 years $ - Vested, December 31, 2016 9,211,517 $ 0.21 1.65 years $ -

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies [Abstract]
COMMITMENTS AND CONTINGENCIES	9. COMMITMENTS AND CONTINGENCIES ECONOMIC AND POLITICAL RISK The Company is exposed in the inherent risks for the foreseeable future of conducting business internationally. Language barriers, foreign laws and tariffs and taxation issues all have a potential effect on the Company’s ability to transact business. Political instability may increase the difficulties and costs of doing business. Accordingly, events resulting from changes in the economic and political climate could have a material effect on the Company. OPERATING LEASES Rent expense was $14,311 under a month-to-month office lease and $25,483 for the years ended December 31, 2016 and 2015, respectively. EMPLOYMENT AGREEMENTS The only current Executive Employment Agreement is with Mr. Santiago Peralta dated February 6, 2015 as an Interim CEO, President, and Director for a one (1) year term and an annual salary of $80,000 plus a $5,000 quarterly bonus. Mr. Peralta has given up his quarterly bonus for the calendar year 2017 in order to reduce administrative expenses. The contract has an automatic one (1) year renewal, which was renewed originally in 2016, and, again, in 2017. Additionally, Mr. Peralta, alongside other company management, is eligible for participation of a bonus pool of up to 15% of net profits difference between the current quarter and the same quarter five years in the past. This bonus pool has been company standard since 2010 when the original executive employment agreements were signed. COUNTRY RISK The Company has significant operations in the Argentina. The operating results of the Company may be adversely affected by changes in the political and social conditions in Argentina and by changes in Argentinean government policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things. The Company can give no assurance that those changes in political and other conditions will not result in have a material adverse effect upon the Company’s business and financial condition. EXCHANGE RISK The Company cannot guarantee the Argentinean Peso and US dollar exchange rate will remain steady, therefore the Company could post the same profit for two comparable periods and post higher or lower profit depending on exchange rate of Peso and US dollar. The exchange rate could fluctuate depending on changes in the political and economic environments without notice. CONTINGENT BONUSES The Company has commitments to one SAHF employee and one ex-SAHF contractor if the sale of Tartagal and Morillo to High Luck materializes. Upon receipt of the initial payment, Alberto Mac Mullen is expected to be paid $200,000 for his services over the past ten years to the Company. Enrique Vidal is expected to be paid 3% of the total purchase price of the sale for his crucial role negotiating the contract with High Luck.

Investment in MHD Technoilogy

Investment in MHD Technoilogy	12 Months Ended
	Dec. 31, 2016
Investment in MHD Technoilogy [Abstract]
INVESTMENT IN MHD TECHNOILOGY	10. INVESTMENT IN MHD TECHNOILOGY We have made an investment of $125,000 in MHD Technology Corporation, a Delaware corporation (“MHD Tech”), for an equity position of 1,343,750 shares of common stock of MHD Tech (currently, approximately 5.5% of the outstanding shares in the company); this investment was made through a separate limited liability company owned by Delta and set up specifically for this investment. In connection with the investment, Santiago Peralta, our Interim Chief Executive Officer and sole director, has joined the Board of Directors of MHD Tech. The investment that Delta made into MHD Tech will be primarily for research and development purposes. In November 2016, a simulation company from Florida finished a simulation of the unit for MHD Tech to start selling licenses. In February 2017, the company finished the first working prototype to demonstrate the technology to potential investors and licensees. This investment is accounted for using the cost accounting method. The value of the investment on the balance sheet will be shown at historical cost and will not be adjusted according to fair market value. If there is evidence that suggests that the fair market value of the investment is lower than the historical cost, then the investment will be written down to its new fair market value.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	11. SUBSEQUENT EVENTS On January 3, 2017, the Company received the acceptance of its offer for the sale of SAHF’s interest in the Tartagal and Morillo concessions from High Luck Group. The consideration for 18% of Tartagal and Morillo will be US$2,000,000 upon the transfer of the concessions, and 3% of gross revenues from the production of oil or gas of either concession up to an additional US$2,000,000. Once the transfer occurs, the companies will sign a mutual release. The release of funds is also contingent on other external factors. On February 10, 2017, High Luck Group deposited the initial US$2,000,000 in an Escrow account. On February 15, 2017, the Company signed a letter of intent with Bayberry Capital for the acquisition of 100% of the outstanding shares in Naptech Test Equipment, Inc. On March 22, 2017, the Company signed a letter of intent with Cardinal Electronics, Inc. The transaction with Naptech is expected to have a final agreement before the end of the first quarter and to close in the second quarter, meanwhile the transaction with Cardinal is expected to have a final agreement and its closing in the second quarter. On March 22, 2017, Delta signed an agreement with Enrique Vidal acting as an agent to an undisclosed buyer for the transfer of SAHF. The transaction is expected to close in April, 2017, after the decree approving the Tartagal and Morillo transfer to High Luck is published. On March 23, 2017, the Company presented the necessary documentation to the Secretary of Energy to transfer the Tartagal and Morillo concessions to High Luck. The Secretary of Energy will review the paperwork and upon its approval, it will send its decision to the executive branch of the Province of Salta, which has the power to issue the transfer decree. On March 31, 2017, High Luck requested the release of $500,000 from the Escrow Agent to Delta. Even though the decree approving the transfer has not been published, the companies recognized that many of the closing conditions have been completed and that the presentation to the Secretary of Energy for the transfer of the properties had been made.

Description of Business and S20

Description of Business and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Description of Business and Summary of Significant Accounting Policies [Abstract]
PRINCIPLES OF CONSOLIDATION	PRINCIPLES OF CONSOLIDATION The Company’s financial statements include the accounts of all majority-owned subsidiaries where its ownership is more than 50 percent of the common stock. All material intercompany transactions and balances have been eliminated.
USE OF ESTIMATES	USE OF ESTIMATES The preparation of the consolidated financial statements in conformity with accepted accounting principles generally accepted in the United States of America requires the Company to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and related disclosure of contingent assets and liabilities. On an ongoing basis, the Company evaluates its estimates including, but not limited to, those related to such items as impairments of oil and gas properties, income tax exposures, accruals, depreciable/useful lives, allowance for doubtful accounts, and valuation allowances. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results could differ from those estimates.
EVALUATION OF LONG-LIVED ASSETS	EVALUATION OF LONG-LIVED ASSETS Oil and gas and mineral properties represent an important component of the Company’s total assets. Management reviews long-lived assets for potential impairment whenever significant events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Impairment exists when the carrying amount of the long-lived asset is not recoverable and exceeds its fair value. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the estimated undiscounted cash flows expected to result from the use and eventual disposition of the asset. If, impairment exists, the resulting write-down would be the difference between fair market value of the long-lived asset and the related net book value.
INVESTMENTS	INVESTMENTS Investments in non-consolidated affiliates consist of the Company’s ownership interests in oil and gas development and exploration rights in Argentina, net of impairment losses if any. These investments were reclassified to unproved oil and gas properties after the Company was officially admitted into the joint ventures for each of the properties. The Company evaluates these investments for impairment when indicators of potential impairment are present. Indicators of impairment include, but are not limited to, levels of oil and gas reserves, availability of pipeline (or other transportation) capacity and infrastructure and management of the operations in which the investments were made. The Company evaluates its equity method investments for impairment when events or changes in circumstances indicate, in management’s judgment, that the carrying value of such investments may have experienced an other-than-temporary decline in value. When evidence of loss in value has occurred, the Company compares fair value of the investment to its carrying value to determine whether impairment has occurred. If the estimated fair value is less than the carrying value and management considers the decline to be other than temporary, the excess of the carrying value over the estimated fair value is recognized as impairment in the consolidated financial statements.
OIL AND GAS PROPERTIES	OIL AND GAS PROPERTIES The Company accounts for our oil and natural gas producing activities using the full cost method of accounting as prescribed by the United States Securities and Exchange Commission (SEC). Under this method, subject to a limitation based on estimated value, all costs incurred in the acquisition, exploration, and development of proved oil and natural gas properties, including internal costs directly associated with acquisition, exploration, and development activities, the costs of abandoned properties, dry holes, geophysical costs, and annual lease rentals are capitalized within a cost center. Costs of production and general and administrative corporate costs unrelated to acquisition, exploration, and development activities are expensed as incurred. Costs associated with unevaluated properties are capitalized as oil and natural gas properties but are excluded from the amortization base during the evaluation period. When we determine whether the property has proved recoverable reserves or not, or if there is an impairment, the costs are transferred into the amortization base and thereby become subject to amortization. The Company assesses all items classified as unevaluated property on at least an annual basis for inclusion in the amortization base. The Company assesses properties on an individual basis or as a group if properties are individually insignificant. The assessment includes consideration of the following factors, among others: intent to drill; remaining lease term; geological and geophysical evaluations; drilling results and activity; the assignment of proved reserves; and the economic viability of development if proved reserves are assigned. During any period in which these factors indicate that there would be impairment, or if proved reserves are assigned to a property, the cumulative costs incurred to date for such property are transferred to the amortizable base and are then subject to amortization. Capitalized costs included in the amortization base are depleted using the unit of production method based on proved reserves. Depletion is calculated using the capitalized costs included in the amortization base, including estimated asset retirement costs, plus the estimated future expenditures to be incurred in developing proved reserves, net of estimated salvage values. Beginning December 31, 2009, full cost companies use the un-weighted arithmetic average first day of the month price for oil and natural gas for the 12-month period preceding the calculation date. Prior to December 31, 2009, companies used the price in effect at the end of each accounting period and had the option, under certain circumstances, to elect to use subsequent commodity prices if they increased after the end of the accounting quarter. Sales or other dispositions of oil and natural gas properties are accounted for as adjustments to capitalized costs, with no gain or loss recorded unless the ratio of cost to proved reserves would significantly change.
IMPAIRMENT	IMPAIRMENT The net book value of all capitalized oil and natural gas properties within a cost center, less related deferred income taxes, is subject to a full cost ceiling limitation which is calculated quarterly. Under the ceiling limitation, costs may not exceed an aggregate of the present value of future net revenues attributable to proved oil and natural gas reserves discounted at 10 percent using current prices, plus the lower of cost or market value of unproved properties included in the amortization base, plus the cost of unevaluated properties, less any associated tax effects. Any excess of the net book value, less related deferred tax benefits, over the ceiling is written off as expense. Impairment expense recorded in one period may not be reversed in a subsequent period even though higher oil and gas prices may have increased the ceiling applicable to the subsequent period. As of December 31, 2016, the Valle de Lerma concession had an impairment of $191,236, bringing the book value to $0.
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT Property and equipment are stated at cost. Depreciation is provided for by the straight-line method over the estimated useful lives of the related assets.
INCOME TAXES	INCOME TAXES The Company accounts for income taxes in accordance with the liability method. Under the liability method, deferred assets and liabilities are recognized based upon anticipated future tax consequences attributable to differences between financial statement carrying amounts of assets and liabilities and their respective tax bases. The Company establishes a valuation allowance to the extent that it is more likely than not that deferred tax assets will not be utilized against future taxable income.
UNCERTAIN TAX POSITIONS	UNCERTAIN TAX POSITIONS The Company evaluates uncertain tax positions pursuant to ASC Topic 740-10-25 “Accounting for Uncertainty in Income Taxes,” which allows companies to recognize a tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. Those tax positions failing to qualify for initial recognition are recognized in the first interim period in which they meet the more likely than not standard, or are resolved through negotiation or litigation with the taxing authority, or upon expiration of the statute of limitations. De-recognition of a tax position that was previously recognized occurs when an entity subsequently determines that a tax position no longer meets the more likely than not threshold of being sustained. At December 31, 2016 and 2015, the Company has approximately $0 and $0, respectively, of liabilities for uncertain tax positions. Interpretation of taxation rules relating to investments in Argentina concessions may give rise to uncertain positions. In connection with the uncertain tax position, there was no interest or penalties recorded. The Company is subject to ongoing tax exposures, examinations and assessments in various jurisdictions. Accordingly, the Company may incur additional tax expense based upon the outcomes of such matters. In addition, when applicable, the Company will adjust tax expense to reflect the Company’s ongoing assessments of such matters, which require judgment and can materially increase or decrease its effective rate as well as impact operating results. The number of years with open tax audits varies depending on the tax jurisdiction. The Company’s major taxing jurisdictions include the United States (including applicable states).
EARNINGS (LOSS) PER SHARE	EARNINGS (LOSS) PER SHARE Basic earnings per share are computed by dividing net earnings by the weighted average number of common shares outstanding during the period. Diluted earnings per common share are computed by dividing net earnings by the weighted average number of common share and potential common share outstanding during the period. Potential common shares consist of outstanding common stock purchase warrants. For the year ended December 31, 2016 and 2015, there were 9,211,517 and 9,211,517, respectively of potentially dilutive common shares outstanding. These potentially dilutive common shares are anti-dilutive in the years ended December 31, 2016 and 2015, due to our operating losses, and therefore, have not been included in the calculation of earnings per share.
FOREIGN CURRENCY TRANSLATION	FOREIGN CURRENCY TRANSLATION In 2016 and 2015, the functional currency for the Company’s primary foreign operations is the local currency. Assets and liabilities of foreign operations are translated at balance sheet date rates of exchange and income, expense and cash flow items are translated at the average exchange rate for the period. The functional currency in Argentina is the Argentine Peso. Translation adjustments are recorded in Accumulated Other Comprehensive Loss. The Company’s subsidiary in Argentina also has certain U.S. dollar denominated intercompany receivables and payables, which generate foreign currency gains and losses in other income (expense) when translated at the end of each period using the current exchange rates.
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION The Company accounts for non-employee share-based awards based upon ASC 505-50, “Equity-Based Payments to Non-Employees.” ASC 505-50 requires the costs of goods and services received in exchange for an award of equity instruments to be recognized using the fair value of the goods and services or the fair value of the equity award, whichever is more reliably measurable. The fair value of the equity award is determined on the measurement date, which is the earlier of the date that a performance commitment is reached or the date that performance is complete. Generally, our awards do not entail performance commitments. When an award vests over time such that performance occurs over multiple reporting periods, we estimate the fair value of the award as of the end of each reporting period and recognize an appropriate portion of the cost based on the fair value on that date. When the award vests, we adjust the cost previously recognized so that the cost ultimately recognized is equivalent to the fair value on the date the performance is complete.
FAIR VALUE OF FINANCIAL MEASUREMENTS	FAIR VALUE OF FINANCIAL MEASUREMENTS FASB ASC 820, Fair Value Measurements and Disclosures, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. FASB ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. FASB ASC 820 describes three levels of inputs that may be used to measure fair value: The Company utilizes the accounting guidance for fair value measurements and discloses for all financial assets and liabilities that are recognized or disclosed at fair value in the consolidated financial statements on a recurring basis during the reporting period. The fair value is an exit price, representing the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability. ASC 820, “Fair Value Measurements and Disclosures”, establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers are defined as follows: Level 1 - Observable inputs such as quoted market prices in active markets. Level 2 - Inputs other than quoted prices in active markets that are either directly or indirectly observable. Level 3 - Unobservable inputs about which little or no market data exists, therefore requiring an entity to develop its own assumptions. As of December 31, 2016 and 2015, there were no financial assets or liabilities that required disclosure.

Investment in Unproved Oil an21

Investment in Unproved Oil and Gas Properties (Tables)	12 Months Ended
	Dec. 31, 2016
Investment In Unproved Oil and Gas Properties [Abstract]
Summary of investments in unproved oil and gas properties	Concession Investments Exploration Rights Total At January 1, 2015 $ 0 $ 336,383 $ 336,383 Translation gain (loss) 0 (114,503 ) (114,503 ) At December 31, 2015 $ -- $ 221,880 $ 221,880 Reserve for Impairment 0 (191,236 ) (191,236 ) Translation gain (loss) 0 (30,644 ) (30,644 ) At December 31, 2016 $ -- $ 0 $ 0

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2016
Property and Equipment [Abstract]
Summary of property and equipment	December 31, 2016 2015 Oilfield equipment $ --- $ --- Furniture and equipment 1,912 16,386 Less accumulated depreciation (1,912 ) (16,386 ) Total property and equipment $ --- $ ---

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2016
Debt [Abstract]
Schedule of short-term debt	December 31, Short – term debt 2016 2015 Note payable to third party, interest at 6%, due August 10, 2011 15,000 15,000 Total $ 15,000 $ 15,000

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Taxes [Abstract]
Schedule of deferred income tax assets	December 31, 2016 2015 Net operating loss carry-forwards $ 2,013,467 $ 1,862,771 Less valuation allowance (2,013,467 ) (1,862,771 ) Deferred income tax assets, net $ -- $ --

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2016
Stockholders' Equity [Abstract]
Summary of the warrant activity	Weighted Weighted Average Average Aggregated Warrants Exercise Contractual Term Intrinsic Value Outstanding, December 31, 2014 9,211,517 $ 0.21 3.65 years $ 691,052 Granted - - - - Exercised - - - - Outstanding, December 31, 2015 9,211,517 $ 0.21 2.65 years $ - Granted - - - - Exercised - - - - Outstanding, December 31, 2016 9,211,517 $ 0.21 1.65 years $ - Vested, December 31, 2016 9,211,517 $ 0.21 1.65 years $ -

Description of Business and S26

Description of Business and Summary of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Description of business and summary of significant accounting policies (Textual)
Liabilities for uncertain tax positions	$ 0	$ 0
Potentially dilutive common shares outstanding	9,211,517	9,211,517
Ownership percentage	50.00%
Percentage of maximum cost under the ceiling limitation	10.00%
Impairment charge	$ 191,236	$ 36,294
Book value	$ 0

Receivable from Sale of Biddi27

Receivable from Sale of Bidding Rights and Oil and Gas Properties (Details) - USD ($)	1 Months Ended	12 Months Ended
	Mar. 31, 2012	Dec. 31, 2016	Dec. 31, 2014
Receivable from Sale of Bidding Rights and Oil and Gas Properties (Textual)
Proceed from sale of Principal Petroleum Ltd.	$ 7,000,000
Percentage sale of share in SAHF's	50.00%
Percentage of interest in the concession	9.00%
Proceed from sale of share in SAHF's	$ 500,000
Maximum limit to provide funds to the operating entities	$ 10,000,000
Amount received as deposit for purchase exploration and exploitation rights		$ 4,299,891
Receivable from the sale of bidding rights and oil and gas properties		$ 3,200,109
Reserve for doubtful accounts			$ 3,200,069

Investment in Mineral Propert28

Investment in Mineral Properties (Details)	Mar. 01, 2010haMines	Dec. 31, 2015USD ($)
Investment in Mineral Properties (Textual)
Area of land | ha	143,000
Number of mines | Mines	29
Agreement period for mineral rights	20 years
Carrying value of properties down		$ 0
Impairment charge		$ 36,294
Purchased control in sales agreement	51.00%

Investment in Unproved Oil an29

Investment in Unproved Oil and Gas Properties (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Summary of investments in unproved oil and gas properties
Beginning balance	$ 221,880	$ 336,383
Reserve for impairment	(191,236)
Translation gain (loss)	(30,644)	(114,503)
Ending balance	0	221,880
Concession Investments [Member]
Summary of investments in unproved oil and gas properties
Beginning balance		0
Reserve for impairment	0
Translation gain (loss)	0	0
Ending balance
Exploration Rights [Member]
Summary of investments in unproved oil and gas properties
Beginning balance	221,880	336,383
Reserve for impairment	(191,236)
Translation gain (loss)	(30,644)	(114,503)
Ending balance	$ 0	$ 221,880

Investment in Unproved Oil an30

Investment in Unproved Oil and Gas Properties (Details Textual) - USD ($)	1 Months Ended
	Mar. 31, 2012	Jan. 03, 2017	Dec. 31, 2016	Dec. 31, 2015
Investment in unproved oil and gas properties (Textual)
Ownership percentage			50.00%
Carrying value				$ 221,880
Valle de Lerma [Member]
Investment in unproved oil and gas properties (Textual)
Ownership percentage	30.60%
Percentage of ownership interest sold	29.40%
Percentage of not transferred properties	29.40%
SAHF [Member]
Investment in unproved oil and gas properties (Textual)
Carry-over interest			18.00%
Tartagal and Morillo [Member]
Investment in unproved oil and gas properties (Textual)
Percentage of ownership interest sold			9.00%
Percentage of not transferred properties	9.00%
Percentage of retained contract cancelled	18.00%
High Luck Group Limited [Member] | Subsequent Event [Member]
Investment in unproved oil and gas properties (Textual)
Percentage of ownership interest sold		18.00%

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Summary of property and equipment
Less accumulated depreciation	$ 0	$ (16,386)
Total property and equipment
Oilfield equipment [Member]
Summary of property and equipment
Property, plant and equipment, Gross
Furniture and equipment [Member]
Summary of property and equipment
Property, plant and equipment, Gross	$ 1,912	$ 16,386

Debt (Details)

Debt (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Schedule of short-term debt
Notes payable, Total	$ 15,000	$ 15,000
Note payable to third party, interest at 6%, due August 10, 2011 [Member]
Schedule of short-term debt
Notes payable, Total	$ 15,000	$ 15,000

Debt (Details Textual)

Debt (Details Textual)	12 Months Ended
	Dec. 31, 2016
Debt (Textual)
Interest rate percentage	6.00%
Notes payable, due date	Aug. 10, 2011

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Income Taxes [Abstract]
Net operating loss carry-forwards	$ 2,013,467	$ 1,862,771
Less valuation allowance	(2,013,467)	(1,862,771)
Deferred income tax assets, net

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Taxes (Textual)
Percentage of tax rate for federal and state taxes	42.00%
Deferred income tax asset	$ 2,013,467	$ 1,862,771
Net operating loss carry-forwards	$ 4,793,970	$ 4,435,168
Description of operating loss carryforwards expiration date	The net operating loss carryforwards will begin to expire in varying amounts from year 2021 to 2035.

Stockholders' Equity (Details)

Stockholders' Equity (Details) - Warrant [Member] - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Summary of the warrant activity
Warrants Outstanding, Beginning Balance	9,211,517	9,211,517
Warrants Granted
Warrants Exercised
Warrants Outstanding, Ending Balance	9,211,517	9,211,517
Warrants Vested, Balance	9,211,517	9,211,517
Weighted Average Exercise Price, Beginning Balance	$ 0.21	$ 0.21
Weighted Average Exercise Price - Granted
Weighted Average Exercise Price - Exercised
Weighted Average Exercise Price, Ending Balance	0.21	0.21
Weighted Average Exercise Price, Vested Balance	$ 0.21	$ 0.21
Weighted Average Contractual Term Opening	2 years 7 months 24 days	3 years 7 months 24 days
Weighted Average Contractual Term Ending	1 year 7 months 24 days	2 years 7 months 24 days
Weighted Average Contractual Term, Vested	1 year 7 months 24 days
Aggregated Intrinsic Value, Outstanding		$ 691,052
Aggregate Intrinsic Value, Granted
Aggregate Intrinsic Value, Exercised
Aggregate Intrinsic Value, Ending balance
Aggregated Intrinsic Value, Vested

Stockholders' Equity (Details T

Stockholders' Equity (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Stockholders' Equity (Textual)
Compensation expense	$ 0	$ 32,499

Commitments and Contingencies (

Commitments and Contingencies (Details Textual) - USD ($)	Feb. 06, 2015	Dec. 31, 2016	Dec. 31, 2015
Commitments and Contingencies (Textual)
Rent expense		$ 14,311	$ 25,483
Contingent bonuses, description		Upon receipt of the initial payment, Alberto Mac Mullen is expected to be paid $200,000 for his services over the past ten years to the Company. Enrique Vidal is expected to be paid 3% of the total purchase price of the sale for his crucial role negotiating the contract with High Luck.
Santiago Peralta [Member]
Commitments and Contingencies (Textual)
Percentage of bonus	15.00%
Annual salary	$ 80,000
Quarterly bonus	$ 5,000

Investment in MHD Technoilogy (

Investment in MHD Technoilogy (Details Textual)	12 Months Ended
	Dec. 31, 2016USD ($)shares
Investment in MHD Technoilogy (Textual)
Investment in equity | $	$ 125,000
Investment in equity, Shares | shares	1,343,750
Common stock outstanding shares	5.50%

Subsequent Events (Details Text

Subsequent Events (Details Textual) - Subsequent Event [Member] - USD ($)	Jan. 03, 2017	Feb. 15, 2017	Mar. 31, 2017	Feb. 10, 2017
Tartagal and Morillo [Member]
Subsequent Events (Textual)
Sale of stock transaction, Description	The consideration for 18% of Tartagal and Morillo will be US$2,000,000 upon the transfer of the concessions, and 3% of gross revenues from the production of oil or gas of either concession up to an additional US$2,000,000.
High Luck Group [Member]
Subsequent Events (Textual)
Escrow deposit			$ 500,000	$ 2,000,000
Naptech Test Equipment, Inc. [Member]
Subsequent Events (Textual)
Description of acquired entity		The Company signed a letter of intent with Bayberry Capital for the acquisition of 100% of the outstanding shares in Naptech Test Equipment, Inc.