Eos Petro (EOPT) 10-K/A 1 Apr 14 2013 FY Annual report (amended) Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Mar. 31, 2014	Jun. 30, 2013
Document and Entity Information:	'	'	'
Entity Registrant Name	'Eos Petro, Inc.	'	'
Document Type	'10-K	'	'
Document Period End Date	31-Dec-13	'	'
Amendment Flag	'false	'	'
Entity Central Index Key	'0001419583	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Common Stock, Shares Outstanding	'	46,720,882	'
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'
Entity Incorporation, State Country Name	'Nevada	'	'
Entity Public Float	'	'	$101,677,080

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2013	Dec. 31, 2012
Current assets	'	'
Cash	$21,951	$47,511
Deposits and other current assets	21,029	17,288
Total current assets	42,980	64,799
Oil and gas properties, net	1,187,555	182,985
Other property plant and equipment, net	21,397	9,503
Long-term deposits	102,441	102,441
Total assets	1,354,373	359,728
Current liabilities	'	'
Accounts payable	148,888	210,568
Accrued expenses	1,169,644	615,081
Advances from shareholder	164,610	137,000
Short-term advances - related party	'	39,000
Convertible notes payable, net of discount of $887,118 and $4,688, respectively	2,862,882	245,312
Notes payable	1,108,380	1,450,000
Total current liabilities	5,454,404	2,696,961
Asset retirement obligation	76,457	46,791
Total liabilities	5,530,861	2,743,752
Commitments and contingencies	'	'
Stockholders' deficit	'	'
Series B Preferred stock: $0.0001 par value; 44,000,000 shares authorized, 0 and 44,150,044 shares issued and outstanding	'	4,415
Common stock; $0.0001 par value; 300,000,000 shares authorized 46,628,882 and 94,897 shares issued and outstanding	4,663	9
Additional paid-in capital	23,231,954	1,278,014
Shares to be issued, 400,000 shares of common stock	3,370,000	'
Stock subscription receivable	-88,200	-88,200
Accumulated deficit	-30,694,905	-3,578,262
Total stockholders' deficit	-4,176,488	-2,384,024
Total liabilities and stockholders' deficit	$1,354,373	$359,728

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Preferred Stock, Par Value	$0.00	'
Preferred Stock, Shares Authorized	100,000,000	'
Common Stock, Par Value	$0.00	$0.00
Common Stock, Shares Authorized	300,000,000	300,000,000
Common Stock, Shares Issued	46,628,882	94,897
Common Stock, Shares Outstanding	46,628,882	94,897
Convertible notes payable discount	$887,118	$4,688
Series B Preferred Stock	'	'
Preferred Stock, Par Value	$0.00	$0.00
Preferred Stock, Shares Authorized	44,000,000	44,000,000
Preferred Stock, Shares Issued	0	44,150,044
Preferred Stock, Shares Outstanding	0	44,150,044

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	8 Months Ended	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012
Revenues	'	'	'
Oil and gas sales	$30,968	$596,405	$74,530
Costs and expenses	'	'	'
Lease operating expense	75,411	401,642	172,252
General and administrative	1,526,007	15,549,982	1,254,277
Total costs and expenses	1,601,418	15,951,624	1,426,529
Loss from operations	-1,570,450	-15,355,219	-1,351,999
Other income (expense)	'	'	'
Reverse merger costs	'	'	-57,385
Interest and finance costs	-56,898	-8,372,720	-514,144
Loss on debt extinguishment	'	-3,388,704	'
Total other income (expense)	-56,898	-11,761,424	-571,529
Net loss	-1,627,348	-27,116,643	-1,923,528
Preferred stock dividends	-11,408	'	-15,978
Net loss attributed to common stockholders	($1,638,756)	($27,116,643)	($1,939,506)
Net loss per share attributed to common stockholders - basic and diluted	($0.05)	($0.59)	($0.05)
Weighted average common shares outstanding basic and diluted	33,499,665	45,622,352	38,149,900

Consolidated_Statement_of_Stoc

Consolidated Statement of Stockholders' Deficit For the Period from May 2, 2011 (Inception) to December 31, 2013 (USD $)	Series B Preferred Stock		Common Stock	Additional Paid--in Capital	Stock to be Issued	Stock Subscription Receivable	Accumulated Deficit	Total
Stockholders' Equity, beginning of period at May. 01, 2011	'		'	'	'	'	'	'
Initial issuances of stock to founding shareholder, Value	$2,500		'	$10	'	'	'	$2,510
Initial issuances of stock to founding shareholder, Shares	25,000,100		'	'	'	'	'	'
Issuance of stock to founding shareholder for services, Value	650	[1]	'	454,350	'	'	'	455,000
Issuance of stock to founding shareholder for services, Shares	6,500,000		'	'	'	'	'	'
Issuance of stock for acquisition of oil and gas leases, Value	148	[1]	'	103,420	'	'	'	103,568
Issuance of stock for acquisition of oil and gas leases, Shares	1,479,544		'	'	'	'	'	'
Issuance of stock for services, Value	30	[2]	'	20,521	'	'	'	20,551
Issuance of stock for services, Shares	300,000		'	'	'	'	'	'
Issuance of stock in debt transaction, Value	20		'	12,180	'	'	'	12,200
Issuance of stock in debt transaction, Shares	200,000		'	'	'	'	'	'
Issuance of stock for satisfaction of liabilities, Value	85		'	51,765	'	'	'	51,850
Issuance of stock for satisfaction of liabilities, Shares	850,000		'	'	'	'	'	'
Issuance of stock for cash and receivable, Value	73		'	88,127	'	-88,200	'	88,200
Issuance of stock for cash and receivable, Shares	726,400		'	'	'	'	'	'
Issuance of stock for cash, Value	80		'	399,920	'	'	'	400,000
Issuance of stock for cash, Shares	804,000		'	'	'	'	'	'
Accrued dividends on preferred stock	'		'	'	'	'	-11,408	-11,408
Contribution to capital	'		'	10,000	'	'	'	10,000
Net loss	'		'	'	'	'	-1,627,348	-1,627,348
Stockholders' Equity, end of period, Value at Dec. 31, 2011	3,586		'	1,140,293	'	-88,200	-1,638,756	-583,077
Stockholders' Equity, end of period, Shares at Dec. 31, 2011	35,860,044		'	'	'	'	'	'
Stockholders' Equity, beginning of period at Sep. 30, 2011	'		'	'	'	'	'	'
Issuance of stock for services, Value	20,551		'	'	'	'	'	'
Issuance of stock for services, Shares	300,000		'	'	'	'	'	'
Stockholders' Equity, end of period, Value at Dec. 31, 2011	3,586		'	1,140,293	'	'	-1,638,756	-583,077
Stockholders' Equity, end of period, Shares at Dec. 31, 2011	35,860,044		'	'	'	'	'	'
Issuance of stock for services, Value	60		'	31,740	'	'	'	31,800
Issuance of stock for services, Shares	600,000		'	'	'	'	'	'
Fair value of warrants issued in connection with extension of notes payable	'		'	5,468	'	'	'	5,468
Fair value of options issued to directors	'		'	3,964	'	'	'	3,964
Fair value of warrants issued for consulting services	'		'	11,687	'	'	'	11,687
Stock issued in connection with reverse merger, Value	600		9	-609	'	'	'	'
Stock issued in connection with reverse merger, Shares	6,000,000		94,897	'	'	'	'	'
Shares issued in connection with promissory note, Value	25		'	4,975	'	'	'	5,000
Shares issued in connection with promissory note, Shares	250,000		'	'	'	'	'	'
Issuance of stock in debt transaction, Value	44		'	24,596	'	'	'	24,640
Issuance of stock in debt transaction, Shares	440,000		'	'	'	'	'	'
Accrued dividends on preferred stock	'		'	'	'	'	-15,978	-15,978
Net loss	'		'	'	'	'	-1,923,528	-1,923,528
Issuance of stock for personal guarantee of loan by shareholder, Value	100		'	55,900	'	'	'	56,000
Issuance of stock for personal guarantee of loan by shareholder, Shares	1,000,000		'	'	'	'	'	'
Stockholders' Equity, end of period, Value at Dec. 31, 2012	4,415		9	1,278,014	'	-88,200	-3,578,262	-2,384,024
Stockholders' Equity, end of period, Shares at Dec. 31, 2012	44,150,044		94,897	'	'	'	'	'
Issuance of stock for services, Value	500		'	'	'	'	'	'
Issuance of stock for services, Shares	25,000		'	'	'	'	'	'
Stockholders' Equity, end of period, Value at Jan. 31, 2013	'		'	'	'	'	'	'
Stockholders' Equity, beginning of period at Dec. 31, 2012	4,415		9	1,278,014	'	-88,200	-3,578,262	-2,384,024
Issuance of stock for services, Value	'		11	659,298	'	'	'	659,309
Issuance of stock for services, Shares	'		113,000	'	'	'	'	'
Fair value of share based compensation	'		'	967,954	'	'	'	967,954
Issuance of shares related to loan amendment, Value	'		10	837,988	'	'	'	837,998
Issuance of shares related to loan amendment, Shares	'		98,855	'	'	'	'	'
Beneficial conversion feature related to debt modification	'		'	2,579,562	'	'	'	2,579,562
BCF related to issuance of convertible debt	'		'	1,106,250	'	'	'	1,106,250
Shares to be issued related to issuance of convertible note	'		'	'	3,370,000	'	'	3,370,000
Fair value of warrants issued in connection with convertible note	'		'	853,548	'	'	'	'
Shares issued for accrued dividends, Value	'		1	55,458	'	'	'	55,459
Shares issued for accrued dividends, Shares	'		6,856	'	'	'	'	6,856
Fair value of warrants issued for consulting services	'		'	10,314,767	'	'	'	10,314,767
Purchase of shares associated with reverse stock split, Value	'		'	-4,118	'	'	'	-4,118
Purchase of shares associated with reverse stock split, Shares	'		-206	'	'	'	'	'
Automatic conversion of Series B preferred stock for common stock, Value	-4,528		4,528	'	'	'	'	'
Automatic conversion of Series B preferred stock for common stock, Shares	-45,275,044		45,275,044	'	'	'	'	'
Issuance of stock for cash, Value	'		54	90,396	'	'	'	90,450
Issuance of stock for cash, Shares	'		540,436	'	'	'	'	'
Net loss	'		'	'	'	'	-27,116,643	-27,116,643
Issuance of stock for consulting services, Value	3		'	497	'	'	'	500
Issuance of stock for consulting services, Shares	25,000		'	'	'	'	'	'
Issuance of stock in connection with promissory note, Value	95		'	3,239,405	'	'	'	3,239,500
Issuance of stock in connection with promissory note, Shares	950,000		'	'	'	'	'	950,000
Issuance of stock for extension of notes payable, Value	15		'	2,985	'	'	'	3,000
Issuance of stock for extension of notes payable, Shares	150,000		'	'	'	'	'	'
Stockholders' Equity, end of period, Value at Dec. 31, 2013	'		$4,663	$23,231,954	$3,370,000	($88,200)	($30,694,905)	($4,176,488)
Stockholders' Equity, end of period, Shares at Dec. 31, 2013	'		46,628,882	'	'	'	'	'
[1]	Issued at $0.07 per share
[2]	Issued at a range of $0.061 to $0.07 per share

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	8 Months Ended	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities	'	'	'
Net loss	($1,627,348)	($27,116,643)	($1,923,528)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'	'
Depletion	'	40,645	21,408
Depreciation	'	7,106	1,497
Accretion of asset retirement obligation	'	6,951	4,254
Amortization of debt issuance costs	12,200	2,617,571	195,312
Non-cash finance costs	'	5,406,533	'
Loss on debt extinguishment	'	3,388,704	'
Fair value of stock issued for services	23,061	1,909,809	31,800
Fair value of stock issued for services -related party	455,000	'	'
Fair value of stock issued in satisfaction of liabilities	51,850	'	'
Fair value of stock issued for loan guaranty by related party	'	'	56,000
Fair value of stock issued in debt transaction	'	3,000	30,108
Fair value of options and warrants issued for consulting services	'	10,314,767	11,687
Fair value of share-based compensation	'	967,954	3,964
Reverse merger costs	'	'	57,385
Change in operating assets and liabilities:	'	'	'
Deposits and other current assets	-10,200	-3,741	-4,966
Accounts payable	368,113	-61,680	-217,052
Accrued expenses	'	610,022	503,281
Long-term deposits	84,413	'	-102,441
Net cash used in operating activities	-642,911	-1,909,002	-1,331,291
Cash flows used in investing activities:	'	'	'
Purchase of other fixed assets	'	-19,000	-11,000
Capital expenditures on oil and gas properties	-48,288	-1,022,500	-10,000
Net cash used in investing activities	-48,288	-1,041,500	-21,000
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'	'
Proceeds from (repayment to) related party	39,599	'	97,402
Proceeds from (repayment of) short-term advances- related party	'	-39,000	39,000
Net advances from (to) shareholder	'	27,610	'
Proceeds from issuance of common stock	400,000	90,450	'
Proceeds from issuance of short term notes payable	291,600	'	1,250,000
Repayment of short term notes payable	-50,000	-500,000	-41,600
Proceeds from issuance of convertible notes	'	'	250,000
Debt issuance costs	'	-150,000	-195,000
Purchase of stock pursuant to reverse stock split	'	-4,118	'
Proceeds from issuance of convertible notes	10,000	3,500,000	'
Net cash provided by financing activities	691,199	2,924,942	1,399,802
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	'	-25,560	47,511
CASH AND CASH EQUIVALENTS, beginning of period	'	47,511	'
CASH AND CASH EQUIVALENTS, end of period	'	21,951	47,511
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:	'	'	'
Cash paid for interest	'	'	59,442
Cash paid for income taxes	'	'	'
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES:	'	'	'
Fair value of stock granted for acquisition	103,568	'	'
Accrued dividends on preferred stock	11,408	'	15,978
Issued 250,000 shares of Series B Preferred stock pursuant to debt agreement	'	'	5,000
Capitalized asset retirement obligation	'	22,715	42,537
Issued 950,000 shares of Series B Preferred stock pursuant to debt agreement; recorded as debt discount	'	3,239,500	'
Issued 98,855 shares of common stock for loan amendment	'	837,998	'
400,000 shares of common stock to be issued pursuant to loan amendment	'	3,370,000	'
Issued 6,856 shares for accrued dividends	'	55,459	'
Conversion of Series B Preferred stock to common stock	'	$4,528	'

Note_1_Organization

Note 1 - Organization	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 1 - Organization	'
	NOTE 1 - ORGANIZATION
	Organization and Business
	Eos Petro, Inc. (the “Company”) was organized under the laws of the state of Nevada in 2007. On October 12, 2012, pursuant to the Merger Agreement entered into by and between the Company, Eos Global Petro, Inc. (“Eos”), and Eos Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of the Company (“Merger Sub”), dated July 16, 2012, Merger Sub merged into Eos, with Eos being the surviving entity and the Company the legal acquirer (the “Merger”). As a result of the Merger, Eos became a wholly-owned subsidiary of the Company. As of the closing of the transaction, each issued and outstanding share of common stock of Eos, was automatically converted into the right to receive one share of the Company’s Series B Voting Convertible Preferred Stock (“Series B preferred stock”). At the closing, the Company issued 37,850,044 shares of Series B preferred stock to the former Eos stockholders.
	Each share of Company Series B preferred stock was automatically convertible into 800 shares of the Company’s common stock upon the filing of an amendment to the Company’s articles of incorporation for the authorization of a sufficient number of shares of common stock to convert all issued and outstanding shares of Series B preferred stock into common stock.
	Prior to the closing of the transactions contemplated by the Merger Agreement, the Company had 61,633,891 shares of common stock and 40,000,000 shares of Series A preferred stock issued and outstanding. Simultaneously with the closing of the Merger, the holders of 40,000,000 shares of Company Series A preferred stock converted their shares into 100,000 shares of Series B preferred stock; and the holders of $150,000 of the Company’s pre-existing outstanding indebtedness converted such debt into 5,900,000 shares of Series B preferred stock, 2,805,000 shares of which the Company sold to former Eos stockholders. In addition to the conversion of the $150,000 of outstanding indebtedness into preferred stock, Eos assumed $57,385 of net liabilities of the Company.
	Upon completion of the Merger, the former stockholders of Eos owned approximately 93% of the then outstanding shares of Company common stock (including shares of Series B preferred stock convertible into shares of the Company’s common stock) and the holders of the Company’s previously outstanding debt and outstanding shares of Company common stock own the balance. As the owners and management of Eos had voting and operating control of the Company after the Reverse Merger, the transaction has been accounted for as a recapitalization of the Company with Eos deemed the acquiring company for accounting purposes, and the Company was deemed the legal acquirer. Due to the change in control, the consolidated financial statements reflect the historical results of Eos prior to the Merger and that of the combined company following the Merger. Common stock and the corresponding capital amounts of the Company pre-Merger have been retroactively restated as capital stock shares reflecting the exchange ratio in the Merger. The amount of debt assumed upon the Merger of $57,385 was reflected as a cost of the Merger in 2012.
	Effective as of May 20, 2013, the Company changed its name to Eos Petro, Inc. (it previously had been named “Cellteck, Inc.”) by filing an amendment to its articles of incorporation (the “Amendment”) with the Nevada secretary of state after the name change was approved at a special meeting of the stockholders of the Company held on May 6, 2013 (the “Special Meeting”). In anticipation of the Company’s name change, on May 17, 2013, the Company also changed the name of Eos (previously named “Eos Petro, Inc.”), to Eos Global Petro, Inc.
	The Amendment also effectuated a reverse stock split of the outstanding shares of common stock of the Company held by stockholders with 2,000 or more aggregate shares of common stock at an exchange ratio of 1-for-800, accompanied by a cash distribution of $0.025 per share to all of the Company’s common stockholders with less than 2,000 shares of common stock in the aggregate, in exchange for and in cancellation of their shares of common stock (the “Stock Split”). This Stock Split triggered the automatic conversion of all 45,275,044 issued and outstanding shares of Series B preferred stock of the Company, including the shares of Series B preferred stock issued in the Merger, into 45,275,044 shares of common stock of the Company. All share and per share amounts have been retrospectively adjusted as if the Stock Split occurred at the earliest period presented.
	The Company has one other wholly-owned subsidiary, Eos Petro Australia Pty Ltd., an Australian company, (“Eos Australia”), which was formed to explore business opportunities in Australia. In addition, Eos has two subsidiaries which are also engaged in the oil and gas business: Plethora Bay Oil and Gas Limited, a Delaware corporation (“PBOG”), which is wholly owned by Eos, and EOS Atlantic Oil & Gas Ltd., a Ghanaian limited liability company, which is 90% owned by Eos (“EAOG”, and collectively referred to with Eos, Eos Australia and Plethora Energy as the Company’s “Subsidiaries”). The other 10% of EAOG is owned by one of our Ghanaian-based consultants.
	Business
	The Company has two wholly-owned subsidiaries, Eos and Eos Australia Pty Ltd, an Australian company (“Eos Australia), which was formed to explore business opportunities in Australia. The Company also owns 90% of Plethora Buy Oil and Gas Ltd., a Ghanaian corporation (“PBOG”). The other 10% of PBOG is owned by one of our Ghanaian-based third party consultants. Eos itself also has two subsidiaries: Plethora Energy, Inc. a Delaware corporation and a wholly-owned subsidiary of Eos (“Plethora Energy”), and EOS Atlantic Oil & Gas Ltd., a Ghanaian corporation (“EAOG”), which is also 10% owned by the same Ghanaian-based third party consultant.  Eos, Eos Australia, PBOG, Plethora Energy and EAOG are collectively referred to as the Company’s “Subsidiaries.”

Note_2_Summary_of_Significant_

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 2 - Summary of Significant Accounting Policies	'
	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of Presentation
	The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the accounting and disclosure rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”). The consolidated financial statements include our accounts and those of our Subsidiaries. Intercompany transactions and balances have been eliminated. Management evaluates its investments on an individual basis for purposes of determining whether or not consolidation is appropriate.
	Basic and Diluted Earnings (Loss) Per Share
	Earnings per share is calculated in accordance with the ASC 260-10, “Earnings Per Share.” Basic earnings-per-share is based upon the weighted average number of common shares outstanding and includes the automatically converted shares of Series B preferred stock on a retroactive basis. Diluted earnings-per-share is based on the assumption that all dilutive convertible preferred shares, stock options and warrants were converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period.  The following potentially dilutive shares were excluded from the shares used to calculate diluted earnings per share as their inclusion would be anti-dilutive.
		December 31,
		2013	2012	2011
	Options	700,000	100,000	-
	Warrants	11,458,000	9,668,000	-
	Convertible notes	975,000	100,000
	Total	13,133,000	9,868,000	-
	Weighted average number of shares outstanding has been retroactively restated for (1) the equivalent number of shares received by the accounting acquirer as a result of the reverse merger, and (2) the equivalent number of shares issued upon conversion of Series B preferred shares upon effectiveness of the reverse stock split, as if these shares had been outstanding as of the beginning of the earliest period presented.
	Management 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 and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates reflected in the consolidated financial statements include, but are not limited to, amortization and depletion allowances, the recoverability of the carrying amount and estimated useful lives of long-lived assets, asset retirement obligations, the valuation of equity instruments issued in connection with financing transactions, and share-based compensation costs. Changes in facts and circumstances may result in revised estimates.  Actual results could differ from those estimates.
	Full Cost Method of Accounting for Oil and Gas Properties
	The Company has elected to utilize the full cost method of accounting for its oil and gas activities. In accordance with the full cost method of accounting, the Company capitalizes all costs associated with acquisition, exploration and development of oil and natural gas reserves, including leasehold acquisition costs, geological and geophysical expenditures, lease rentals on undeveloped properties and costs of drilling of productive and non-productive wells into the full cost pool on a country by country basis. Capitalized costs of oil and gas properties, including the estimated future costs to develop proved reserves, are amortized on the unit-of-production method using estimates of proved reserves once proved reserves are determined to exist.
	Oil and gas properties without estimated proved reserves are not amortized until proved reserves associated with the properties can be determined or until impairment occurs. At the end of each reporting period, the unamortized costs of oil and gas properties are subject to a “ceiling test” which limits capitalized costs to the sum of the estimated future net revenues from proved reserves, discounted at 10% per annum to present value, based on current economic and operating conditions, adjusted for related income tax effects.
	The Company assesses oil and gas properties at least annually to ascertain whether impairment has occurred. In assessing impairment, the Company considers factors such as historical experience and other data such as primary lease terms of the property, average holding periods of unproved property, and geographic and geologic data. Through December 31, 2013, the Company has not experienced any impairment of its capitalized oil and gas properties.
	For the years ended December 31, 2013 and 2012 and for the period from May 2, 2011 (inception) to December 31, 2011, the Company capitalized $1,022,500, $10,000 and $151,856 of oil and gas properties, respectively.
	The Company recorded depletion expense of $40,645 and $21,408 for years ended December 31, 2013 and 2012, respectively.  No depletion expense was recorded for the period from May 2, 2011 (inception) to December 31, 2011.
	Asset Retirement Obligation
	The Company accounts for its future asset retirement obligations (“ARO”) by recording the fair value of the liability during the period in which it was incurred. The associated asset retirement costs are capitalized as part of the carrying amount of the long-lived asset. The increase in carrying value of a property associated with the capitalization of an ARO is included in proven oil and gas properties in the balance sheets. The ARO consists of costs related to the plugging of wells, removal of facilities and equipment, and site restoration on its oil and gas properties. The asset retirement liability is accreted to operating expense over the useful life of the related asset. As of December 31, 2013 and 2012, the Company had an ARO of $76,457 and $46,791, respectively.
	Oil and Gas Revenue
	Revenues are recognized when hydrocarbons have been delivered, the customer has taken title and collection is reasonably assured.
	Share-Based Compensation
	The Company periodically issues stock options and warrants to employees and non-employees in capital raising transactions, for services and for financing costs. The Company accounts for share-based payments under the guidance as set forth in the Share-Based Payment Topic of the FASB Accounting Standards Codification, which requires the measurement and recognition of compensation expense for all share-based payment awards made to employees, officers, directors, and consultants, including employee stock options, based on estimated fair values. The Company estimates the fair value of share-based payment awards to employees and directors on the date of grant using an option-pricing model, and the value of the portion of the award that is ultimately expected to vest is recognized as expense over the required service period in the Company's Statements of Operations. The Company accounts for stock option and warrant grants issued and vesting to non-employees in accordance with the authoritative guidance where the value of the stock compensation is based upon the measurement date as determined at either a) the date at which a performance commitment is reached, or b) the date at which the necessary performance to earn the equity instruments is complete. Stock-based compensation is based on awards ultimately expected to vest and is reduced for estimated forfeitures. Forfeitures are estimated at the time of grant and revised, as necessary, in subsequent periods if actual forfeitures differ from those estimates.
	Fair Value Measurements
	The Company applies the provisions of ASC 820-10, “Fair Value Measurements and Disclosures.” ASC 820-10 defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The three levels of valuation hierarchy are defined as follows:
	·       Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets.
	·       Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.
	·       Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement.
	For certain financial instruments, the carrying amounts reported in the consolidated balance sheets for cash and cash equivalents and current liabilities, including notes payable and convertible notes, each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest.
	We did not identify any other non-recurring assets and liabilities that are required to be presented in the consolidated balance sheets at fair value in accordance with ASC 815.
	Concentrations
	The future results of the Company’s oil and natural gas operations will be affected by the market prices of oil and natural gas. The availability of a ready market for oil and natural gas products in the future will depend on numerous factors beyond the control of the Company, including weather, imports, marketing of competitive fuels, proximity and capacity of oil and natural gas pipelines and other transportation facilities, any oversupply or undersupply of oil, natural gas and liquid products, the regulatory environment, the economic environment, and other regional and political events, none of which can be predicted with certainty.
	One customer accounts for 100% of oil sales for the years ended December 31, 2013 and 2012. There was no revenue earned during the period May 2, 2011 (inception) to December 31, 2011.  The Company’s wells are located in Illinois.
	Segment Reporting
	ASC Topic 280, “Segment Reporting,” requires use of the “management approach” model for segment reporting. The management approach model is based on the way a company’s management organizes segments within the company for making operating decisions and assessing performance. The two business segments are as follows:
		-1	The acquisition, development, and operation of onshore oil and gas properties which is performed by Eos.
		-2	The design and production of products to protect users against the potentially harmful and damaging effects of electromagnetic radiation emitted from electrical devices, which is performed by the Company.
	Following the Merger, the Company’s principal focus has shifted to the business of Eos. The Company’s pre-Merger assets are less than 1% of total assets and its safe cell tab revenue is less than 1% of total revenue for the year ended December 31, 2013. Since the Company’s pre-Merger assets and operations are immaterial, the Company reports only one segment for financial statement reporting purposes.  Further, that segment of our business was discontinued in 2013, and we have written off all assets after settling all Safe Cell Tab related liabilities.
	Recently Issued Accounting Pronouncements
	The FASB has issued Accounting Standards Update (ASU) No. 2013-04, Liabilities (Topic 405), “Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date.” ASU 2013-04 provides guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this ASU is fixed at the reporting date, except for obligations addressed within existing guidance in U.S. GAAP. The guidance requires an entity to measure those obligations as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors and any additional amount the reporting entity expects to pay on behalf of its co-obligors. The amendments in this ASU are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The Company does not expect the adoption of this guidance to have a material impact on the Company’s consolidated financial statements.
	In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of Unrecognized Tax Benefit When a Net Operating Loss Carryforward, A Similar Tax Loss, or a Tax Credit Carryforward Exists (A Consensus the FASB Emerging Issues Task Force). ASU 2013-11 provides guidance on financial statement presentation of unrecognized tax benefit when a net operating loss carrforward, a similar tax loss, or a tax credit carryforward exists. The FASB’s objective in issuing this ASU is to eliminate diversity in practice resulting from a lack of guidance on this topic in current U.S. GAAP. This ASU applies to all entities with unrecognized tax benefits that also have tax loss or tax credit carryforwards in the same tax jurisdiction as of the reporting date. This amendment is effective for public entities for fiscal years beginning after December 15, 2013 and interim periods within those years. The company does not expect the adoption of this standard to have a material impact on the Company’s consolidated financial statements.
	Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the Securities Exchange Commission (the “SEC”) did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statements.

Note_3_Going_Concern

Note 3 - Going Concern	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 3 - Going Concern	'
	NOTE 3 – GOING CONCERN
	The accompanying consolidated financial statements have been prepared under the assumption that the Company will continue as a going concern. Such assumption contemplates the realization of assets and satisfaction of liabilities in the normal course of business. As of December 31, 2013, the Company had a stockholders’ deficit of $4,176,488, and for the year ended December 31, 2013, reported a net loss of $27,116,643 and had negative cash flows from operating activities of $1,909,002. Management estimates the Company’s capital requirements for the next twelve months, including drilling and completing wells for the Works Property and various other projects, will total approximately $1,000,000. Errors may be made in predicting and reacting to relevant business trends and the Company will be subject to the risks, uncertainties and difficulties frequently encountered by early-stage companies. The Company may not be able to successfully address any or all of these risks and uncertainties. Failure to adequately do so could cause the Company’s business, results of operations, and financial condition to suffer. As a result, the Company's independent registered public accounting firm, in its report on the Company's 2013 consolidated financial statements, has raised substantial doubt about the Company's ability to continue as a going concern.
	The Company’s ability to continue as a going concern is an issue due to its net losses and negative cash flows from operations, and its need for additional financing to fund future operations. The Company’s ability to continue as a going concern is subject to its ability to obtain necessary funding from outside sources, including the sale of its securities or loans from financial institutions. There can be no assurance that such funds, if available, can be obtained on terms reasonable to the Company. The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern and do not include any adjustments that may result from the outcome of this uncertainty.

Note_4_Notes_Payable

Note 4 - Notes Payable	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 4 - Notes Payable	'
	NOTE 4 - NOTES PAYABLE
		December 31,	December 31,
		2013	2012
	Note payable at 24% (1)	$128,380	$200,000
	Secured note payable, at 18%, With guaranteed interest of $54,000 (2)	600,000	600,000
	Note payable, at 6% (3)	250,000	350,000
	Note payable, at 5%, (4)	130,000	300,000
	Total	$1,108,380	$1,450,000
	(1) On October 24, 2011, Eos received $200,000 from RT Holdings, LLC (“RT”) in exchange for an unsecured promissory note payable, originally due November 7, 2011, as extended till April 30, 2013, with interest due at 6% per annum, which was amended to 24%.  On the maturity date, in addition to repaying in full the principal amount owed to RT, plus interest, Eos agreed to pay RT a single additional fee of $10,000.
	On April 25, 2013, pursuant to a letter agreement of forbearance, Eos made a partial payment of $25,000 towards the RT loan which extended the due date to August 31, 2013.
	On November 18, 2013, RT and Eos acknowledged that, as of November 8, 2013, there was $232,235, inclusive of interest, outstanding on the RT Loan. The difference of $60,000 between the recorded value of $172,325 and the settled amount of $232,235 was recorded as additional expense. Eos paid $75,000 on November 18, 2013 and agreed to make a $75,000 payment to RT on or before January 9, 2014.  RT agreed to have the remaining balance of $82,235 paid with 28,885 shares of restricted common stock at a conversion rate of $2.85.  However, if the final payment of $75,000 was not paid on or before of the January 9, 2014; and if the 28,855 shares are not delivered to RT on or before November 27, 2013, then the conversion rate was to be decreased to $1.
	As of December 31, 2013, the Company had not made the required $75,000 payment; therefore, the 28,885 shares reduced the value of the loan by $28,885, to $128,380.  The fair value of the 28,885 shares was $239,497 at the date of the agreement.  As such, the Company recorded a loss on debt extinguishment of $210,642 which is the difference between the fair value of the restricted common stock of $239,497 and the $28,855 value of the shares based on the $1 conversion rate.
	Subsequent to year end, the Company paid $75,000 and issued 66,000 shares valued at $620,400 of common stock for full settlement of the RT Holdings note.
	(2) On February 16, 2012, Eos entered into a Secured Promissory Note with Vatsala Sharma (“Sharma”) for a secured loan for $400,000 due in 60 days at an interest rate of 18% per annum. On May 9, 2012, the Company and Sharma increased the loan amount from $400,000 to $600,000.  In the event the loan is not paid in full by the maturity date, Sharma will receive an additional 275,000 shares of the Company’s common stock. The loan is secured by a first priority blanket security interest in all of Eos’ assets, and newly acquired assets, a mortgage on the Works property, a 50% security interest in Nikolas Konstant’s personal residence, and his personally held shares in a non-affiliated public corporation.  On April 24, 2013, the maturity date was extended to August 31, 2013.
	On November 18, 2013, Sharma extended the maturity date to May 31, 2014.
	(3) On June 18, 2012, the Company entered into a Loan Agreement with Vicki P. Rollins (“Rollins”) for a secured loan in the amount of $350,000 due on September 22, 2012, and orally extended to November 30, 2012. Interest is charged at a rate of 6%.  In the event that the loan is not repaid on or before the maturity date, all unpaid principal and accrued unpaid interest shall accrue interest at a rate of 18% per annum The loan is secured by a second priority blanket security interest in all of the Company’s assets to the extent their security interests overlap with the security interest of Babcock gained from the Babcock Loan (see (4) below). Additionally, the Company is prohibited from incurring additional indebtedness during the term of the loan, with the exception of the existing Vatsala Sharma loan, without the written consent of Rollins. On April 18, 2013, the maturity date was extended to August 31, 2013.
	During 2013, the Company paid $100,000 leaving a balance of $250,000 at December 31, 2013.
	On November 18, 2013, Rollins extended the maturity date to February 28, 2014, and subsequent to year end, has extended the maturity date to July 31, 2014.
	(4) On August 2, 2012, Eos executed a series of agreements with 1975 Babcock, LLC (“Babcock”) in order to secure a $300,000 loan (the “Babcock Loan”). As of August 3, 2012, Eos also leased 7,500 square feet of office space at 1975 Babcock Road in San Antonio, Texas (the “Babcock Lease”) from Babcock. The Company agreed to pay $7,500.00 a month in rent under the Babcock Lease. Pursuant to the Babcock Loan and Lease documents, Eos granted Babcock a mortgage and security interest in and on the Works Property and related assets, agreements and profits. On April 30, 2013, the Babcock Loan and Babcock Lease were amended. Eos agreed to pay $5,000, due and payable on April 30, 2013, to Babcock in exchange for an extension on the maturity date of the Babcock Loan to May 31, 2013. In addition, Eos agreed to pay Babcock $15,000, due and payable on April 30, 2013, as consideration for Babcock’s agreement to defer of any enforcement of its rights under the Babcock Lease caused by Eos’ failure to pay monthly rent owed on the Babcock Lease until May 31, 2013.
	On November 7, 2013, the Company, Eos and Mr. Nikolas Konstant (the Company’s Chairman of the Board and Chief Financial Officer) entered into the Babcock Agreement for the payment and satisfaction of the Babcock Loan and Babcock Lease, as amended, and all other related agreements. Under the terms and conditions of the Babcock Agreement, in order to pay off and satisfy the Babcock Loan in full and void the Babcock Lease, including any rent then owed and payable, in its entirety, Eos agreed to pay $330,000 on the loan in three separate payments as follows: (i) on or before November 8, 2013, Eos agreed pay $100,000; (ii) on or before November 15, 2013, Eos agreed to pay $100,000; and (iii) on or before January 9, 2014, Eos agreed to pay the final payment of $130,000.  In addition, the Company agreed to issue an aggregate of 70,000 restricted shares of the Company’s common stock to certain affiliates of Babcock, which were issued on January 13, 2014.  These shares were valued at $598,500 and recorded as a debt modification cost in the accompanying statement of operations for the period ended December 31, 2013. Babcock agreed that they will not take action to bring suit or litigate against Eos through December 20, 2013, subject to extension through January 9, 2014 pursuant to the terms and conditions of the Babcock Agreement, so long as the full amount of outstanding and unpaid principal and interest on the loan has been repaid in full and the Babcock Shares have been issued pursuant to the Babcock Agreement.  The Company made payments of $100,000 on November 13, 2013 and November 18, 2013.
	Subsequent to year end, the Company paid $130,000 for full settlement of the Babcock note.

Note_5_Convertible_Promissory_

Note 5 - Convertible Promissory Notes	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 5 - Convertible Promissory Notes	'
	NOTE 5 – CONVERTIBLE PROMISSORY NOTES
	A summary of convertible promissory notes at December 31, 2013 and 2012 are as follows:
	Clouding IP, LLC
	On December 26, 2012, Eos entered into an Oil & Gas Services Agreement with Clouding IP, LLC (“Clouding”) in order to retain the oil and gas related services of Clouding and its affiliates.
	Concurrently with the execution of the Oil & Gas Services Agreement with Clouding, on December 26, 2012, the Company executed a series of agreements with Clouding in order to secure a $250,000 loan (the “Clouding Loan”). Pursuant to the Clouding Loan documents, Eos granted Clouding a mortgage and security interest in and on the Company’s assets. The maturity date of the Clouding Loan was March 31, 2013 which was amended to August 31, 2013, pursuant to a written extension on April 19, 2013, and interest accrues on the Clouding Loan at a rate of 4% per annum commencing December 26, 2012. On the maturity date, Eos further agreed to pay to Clouding a loan fee of $25,000. At Clouding’s option, the principal amount of the loan, together with any accrued and unpaid interest or other charges, may be converted into common stock of the Company at a conversion price of $2.50 per share.  The amount due to Clouding at December 31, 2013 and 2012 was $250,000.
	As additional consideration for the loan, the Company agreed to sell to Clouding 250,000 shares of Series B Preferred Stock for the purchase price of $5,000, where such price was included in the total amount of the Clouding Loan.  The Company recorded as a debt discount the fair value of the 250,000 shares, which was determined to be $5,000, which was amortized as interest expense over the life of the Clouding Loan. At December 31, 2012, the unamortized discount was $4,688, which was all amortized to interest expense during the year ending December 31, 2013.
	As the Clouding Loan was not repaid in full on March 31, 2013, pursuant to the terms of the Clouding Loan, the Company issued to Clouding an additional 150,000 shares of its Series B preferred stock, which were subsequently converted into 150,000 shares of common stock.  The shares were valued at $3,000 based on the fair value at the date issuance, and were recorded as interest expense.
	As of December 31, 2013, the Clouding Loan is in default.
	LowCal Industries
	On February 8, 2013, and subsequently amended on April 23, 2013, the Company and Eos entered into the following agreements with LowCal Industries, LLC (“LowCal”) and LowCal’s affiliates: (i) a Loan Agreement and Secured Promissory Note; (ii) a Lock-Up/Leak-Out Agreement;(iii) a Guaranty; (iv) a Series B Convertible Preferred Stock Purchase Agreement; (v) a Leasehold Mortgage, Assignment, Security Agreement and Fixture Filing; and (vi) a Compliance/Oversight Agreement (collectively referred to as the “Loan Agreements”).
	Pursuant to the Loan Agreements, LowCal agreed to purchase from Eos, for $2,480,000, a promissory note in the principal amount of $2,500,000, with interest at 10% per annum (the “LowCal Loan”). The principal and all interest on the LowCal Loan were due in one installment on or before December 31, 2013, the maturity date. At LowCal’s option, LowCal may elect to convert any part of the principal of the LowCal Loan into shares of the Company’s common stock at a conversion price of $5.00 per share. As the conversion price of the convertible notes issued under the loan Agreement was greater than the market value of our common stock as of the date of issuance, the Company did not recognize any beneficial conversion feature upon issuance.
	On November 6, 2013, the Company, Eos, LowCal and certain affiliates of LowCal entered into a second amendment to the Loan Agreements, originally dated as of February 8, 2013 and first amended on April 23, 2013 (as amended through November 6, 2013, collectively referred to herein as the “LowCal Agreements”). Pursuant to the LowCal Agreements, the total amount of the LowCal Loan was increased from $2,500,000 to $5,000,000. The remaining $2,500,000 of the loan is to be funded in installments as further set forth in the LowCal Agreements from November 7, 2013 through January 9, 2014. As of December 31, 2013, the Company has received $1,000,000 of the additional $2,500,000, resulting in an aggregate outstanding balance of $3,500,000 due under the LowCal notes as of December 31, 2013.
	The LowCal Loan is secured by (i) a mortgage, lien on, assignment of and security interest in and to oil and gas properties; (ii) a guaranty by the Company as a primary obligor for payment of Eos’ obligations when due; and (iii) a first priority position or call right for an amount equal to the then outstanding principal balance of and accrued interest on the LowCal Loan on the first draw down by either Eos or the Company from a commitment letter entered into with a prospective investor, should the Company or Eos be in a position to draw on this facility.
	The principal and all interest on the LowCal Loans are due in one installment on or before December 31, 2014. At any time while the note is outstanding, LowCal may elect to convert the principal and all accrued but unpaid interest on the LowCal Loan into restricted shares of the Company’s common stock at a conversion price of $4.00 per share.  The Company may offer to prepay the LowCal Loan, and must offer to prepay the LowCal Loan with any funds it receives from specified sources, but LowCal may decline to accept any such prepayments towards the LowCal Loan if LowCal complies with certain conditions set forth in the LowCal Agreements. On or before January 9, 2014, the LowCal Loan was to be secured by a first priority blanket security interest in Eos’ collateral and other rights in certain of Eos and the Company’s existing agreements.
	On the date that the LowCal Loan has been repaid in full, LowCal shall be entitled to receive from Eos an exit fee, payable in cash and stock, in the following amounts: (i) 50,000 restricted shares of Company’s common stock; and (ii) cash in an amount equal to 10% of the total principal amount of the note. Furthermore, Eos must provide LowCal with 10 days’ notice before any repayment of the LowCal Loan. At LowCal’s option, upon its receipt of such notice, it may elect to convert all accrued but unpaid interest into 50,000 shares of the Company’s common stock.
	When the Loan Agreements were first entered into on February 8, 2013, LowCal agreed to purchase 500,000 shares of Series B preferred stock of the Company for $10,000. These shares subsequently converted into 500,000 shares of the Company’s common stock. When the Loan Agreements were amended on April 23, 2013, LowCal agreed to purchase an additional 450,000 shares of Series B preferred stock of the Company for $10,000, which have also subsequently converted into 450,000 shares of the Company’s common stock. LowCal executed a Lock-Up/Leak-Out Agreement which restricts LowCal’s ability to sell these shares and any other shares of the Company it obtains. The fair value of the 950,000 shares of stock on the date of issuance was determined to be $3,239,500 of which $2,500,000 was recorded as a debt discount, which will be amortized over the life of the Loan Agreement and recorded as interest expense and $739,500, which is the amount the fair value of the stock exceeded the face value of the convertible notes, was recorded as a finance cost.
	When the LowCal Agreements were amended on November 6, 2013, LowCal agreed to purchase an aggregate of up to an additional 1,000,000 restricted shares of the Company’s common stock (the “LowCal Shares”) for par value on the closing date of the LowCal Agreements, which was anticipated to occur on or before January 9, 2014. The total amount of LowCal Shares which LowCal may actually purchase on the closing date of the LowCal Agreements is dependent on LowCal timely making all remaining payments on the purchase price for the note. If a payment is missed, the total amount of LowCal Shares will be proportionately reduced. LowCal executed a Lock-Up/Leak-Out Agreement, which restricts LowCal’s ability to sell these shares and any other shares of the Company it obtains. In addition, LowCal received piggy back registration rights for the shares it may receive pursuant to the note.  In connection with the additional $1,000,000 of funding received under this amendment, the Company agreed to issue 400,000 shares of its common stock valued at $3,370,000, which has been recorded as “Shares to be issued” in the accompanying consolidated balance sheets since the shares of common stock have not been issued.  .
	When the LowCal notes were amended and the additional $1,000,000 funding occurred, the market price of the Company’s common shares was in excess of the $4 per share conversion price, creating a beneficial conversion feature of $1,106,250 upon issuance.  This amount represented the amount by which the value of the shares into which the notes are convertible exceeded the aggregate conversion price on the date of issuance. In addition, we considered the fair value of the 400,000 shares of restricted common stock to be issued of $3,370,000 to be a cost of the financing.  To account for these costs, the Company recorded a valuation discount of $1,000,000 upon issuance, and the incremental cost of $3,476,250 over the face amount of the note was recorded as a financing cost during the year ended December 31, 2013. The Company will amortize the valuation discount to interest expense over the life of the notes.
	During the year ended December 31, 2013, the Company recognized aggregate interest expense of $2,612,182 relating to the amortization of the discounts on the Lowcal notes, resulting in an unamortized balance of $887,118 as of December 31, 2013.
	Furthermore, pursuant to the modification, the conversion price for the $2,500,000 convertibles notes then outstanding was changed from $5 to $4 per share.  The reduction in the conversion price resulted in an additional modification cost of $2,579,562 calculated as the intrinsic value relating to the fair value of the additional shares to be issued as a result of the modifications.  This cost has been reflected as a finance cost in the accompanying statement of operations for the year ending December 31, 2013.
	Lastly, Eos agreed that Sail Property Management Group LLC, an affiliate of LowCal (“Sail”), would be entitled to conduct periodic oversight and inspection of Eos’ business, operations and properties on behalf of LowCal. In exchange for Sail’s services, Sail will receive a $25,000 fee from Eos on the maturity date of the LowCal Loan, in addition to reimbursement for reasonable expenses.

Note_6_Asset_Retirement_Obliga

Note 6 - Asset Retirement Obligation	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 6 - Asset Retirement Obligation	'
	NOTE 6 – ASSET RETIREMENT OBLIGATION
	Changes in the Company’s asset retirement obligations were as follows:
		Year Ended	Year Ended
		31-Dec-13	31-Dec-12
	Asset retirement obligation, beginning of period	$46,791	-
	Additions	22,715	42,537
	Accretion expense	6,951	4,254
	Asset retirement obligations, end of period	$76,457	$46,791

Note_7_Related_Party_Transacti

Note 7 - Related Party Transactions	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 7 - Related Party Transactions	'
	NOTE 7 - RELATED PARTY TRANSACTIONS
	Plethora Enterprises, LLC
	The Company has a consulting agreement with Plethora Enterprises, LLC (“Plethora”), which is solely owned by Nikolas Konstant, the Company’s chairman of the board and chief financial officer.  Under the consulting agreement, for the years ended December 31, 2013 and 2012, the Company recorded compensation expense of $360,000 and $157,000, respectively.  The amount due to Mr. Konstant under the Plethora consulting agreement is $164,610 and $97,000 at December 31, 2013 and 2012, respectively.
	The Company’s principal offices were located at 2049 Century Park East, Suite 3670, in Los Angeles, California. The Company subleased this approximately 2,000 square feet of space pursuant to an oral agreement with Princeville, an affiliate of Mr. Konstant, the Company’s chief financial officer, which in turn has an agreement to lease the space from an unaffiliated third party. Princeville paid $4,000 a month to the unaffiliated party, and the Company in turn paid $4,000 a month to Princeville. This oral lease was renewable on a year-to-year basis, but this lease was terminated and the Company moved principal offices on December 27, 2012. During the year ended December 31, 2012, Mr. Konstant paid $40,000 on behalf of the Company for the rental of this property. At December 31, 2012, the Company owed Mr. Konstant $40,000 which was recorded as “Advances from shareholder” in the accompanying consolidated balance sheets.  This amount was repaid during 2013.  There were no amounts due as of December 31, 2013.
	On February 16, 2012, in order to secure a $400,000 [S.K.1] loan, Nikolas Konstant pledged and guaranteed some of his personal assets (the “Pledge”). As consideration for the Pledge, Eos issued to Plethora Enterprises, LLC (“Plethora”) 1,000,000 restricted shares of Eos’ common stock valued at $0.056 per share for a total value of the shares issued of $56,000, which was accounted for as finance costs in 2012. Mr. Konstant is the sole member of Plethora. At the time the transactions were consummated, Mr. Konstant was the founder of Eos, and Member on and Chairman of the Board of Directors of Eos. After the Merger Agreement, Mr. Konstant also became the Company’s President, Chief Executive Officer, Chief Financial Officer, Director on and Chairman of the Board of Directors.
	Other
	On October 3, 2011, the Company entered into an Exclusive Business Partner and Advisory Agreement with Baychester, which owns a 10% minority interest in EAOG and PBOG. Pursuant to the agreement, the Company agreed to pay Baychester a monthly consulting fee of $10,000. The Company has paid $68,000 and $43,000 for the years ended December 31, 2013 and 2012, respectively, under this agreement. Furthermore, if either PBOG or EAOG is granted a concession in West Africa, Baychester will be issued 5,000,000 shares of the Company’s common stock. Baychester is also entitled to a bonus fee if the Company consummates a business arrangement with a third party as a result of Baychester’s introduction or contract.

Note_8_Stockholders_Deficit

Note 8 - Stockholders' Deficit	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 8 - Stockholders' Deficit	'
	NOTE 8 - STOCKHOLDERS’ DEFICIT
	Reverse Stock Split and Conversion of Series B Preferred Stock
	On May 21, 2013, the Company effectuated a reverse stock split of the outstanding shares of common stock of the Company held by stockholders with 2,000 or more aggregate shares of common stock at an exchange ratio of 1-for-800, accompanied by a cash distribution of $0.025 per share to all of the Company’s common stockholders with less than 2,000 shares of common stock in the aggregate, in exchange for and in cancellation of their shares of common stock. The reverse stock split triggered the automatic conversion of all 45,275,044 issued and outstanding shares of Series B preferred stock of the Company. Share and per share amounts have been retrospectively adjusted as if the Stock Split occurred at the earliest period presented.
	Preferred Stock
	The Company is authorized to issue an aggregate of 100,000,000 shares of preferred stock with $0.0001 par value. The Company designated 44,000,000 of the 100,000,000 authorized shares of preferred stock as Series B preferred stock.
	Dividends- Dividends on Series B Stock are non-cumulative. If the Company declares any dividend of cash, securities, properties or assets other than shares of common stock, then the Company shall simultaneously declare a dividend or distribution on shares of Series B Stock in the amount of dividends or distributions that would be made with respect to shares of Series B Preferred Stock if such shares were converted into shares of common stock on the record date for such dividend or distribution. No dividend or distribution shall be payable to holders of shares of common stock unless the full dividends or distributions are paid at the same time in respect of the Series B Preferred Stock.
	Conversion- Each share of Series B Preferred Stock is convertible into 800 shares of common stock subject to standard anti-dilution adjustments. Once the stockholders have approved the amendment to the Articles of Incorporation for the authorization of a sufficient number of shares of common stock to convert all issued and outstanding shares of Series B Preferred Stock into common stock, then the Company will convert all Series B Preferred stock into common stock upon the effective filing of such amendment with the Nevada Secretary of State.
	Liquidation Rights- In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company, the assets of the Company available for distribution to its stockholders shall be distributed among the holders of the outstanding shares of Series B Preferred Stock and common stock, pro rata, in proportion to the shares of common stock then held by them and the shares of common stock which they then have the right to acquire upon conversion of the shares of Series B Preferred Stock then held by them.
	Maturity- The Series B Preferred Stock shall be perpetual unless converted.
	Redemption Rights- The shares of Series B Preferred stock shall not be subject to redemption by the Company or at the option of any holder of Series B Preferred Stock; provided, however, that the Company may purchase or otherwise acquire outstanding shares of Series B Preferred Stock by mutual agreement with any holder.
	Sinking Fund- The shares of Series B Preferred Stock shall not be subject to or entitled to the operation of a retirement or sinking fund.
	Accrued Dividends- As of December 31, 2013 and 2012, the Company has accrued preferred stock dividends payable of $0 and $27,386 related to shares of Series A preferred stock of Eos which were converted in the Merger.  On December 27, 2013, the Company issued 6,856 shares of common stock to pay the accrued dividends of $27,386.  The value of the shares totaled $55,459.  The difference between the value of the shares and the accrued dividends of $28,073 was recorded to “Interest and finance costs” in the accompanying consolidated statements of operations.
	Stock Issuances for Acquisitions
	In May 2011, the Company issued 24,999,000 shares of the Company’s Series B Preferred Stock at $0.0001 to Plethora for contribution of certain assets pursuant to a Contribution Agreement dated May 3, 2011. Plethora’s sole member is the Company’s CEO Nikolas Konstant.
	In May 2011, the Company issued 1,479,544 shares at $.07 per share of the Company’s Series B Preferred Stock to acquire the working interests in mineral interests for 510 acres in the Illinois Basin. The value of the shares totaled $103,568.
	Stock Issuances for Services
	In June 2011, the Company issued 6,500,000 shares at $.07 per share of the Company’s Series B Preferred Stock to Plethora for services related to the consummation of the oil and gas properties of the Works Lease. The value of the services totaled $455,000.
	During the year ended December 31, 2011, the Company issued 300,000 shares of the Company’s Series B Preferred Stock in connection with services provided at a range of $.061 to $.07. The value of the services totaled $20,551.
	In December 2011, the Company issued 850,000 shares of the Company’s Series B Preferred Stock at $.061 per share to Glacier Holdings in lieu of a cash payment for services provided. The value of the services totaled $51,850.
	In May 2012, the Company issued 300,000 shares of the Company’s Series B Preferred Stock to Agra Capital Advisors, LLC / Akire Inc. (“Agra”)  The stock was valued at $.056 per share or total fair value of $16,800 with the assistance of an outside valuation firm. On July 1, 2012, the Company issued 50,000 shares of the Company’s Series B Preferred Stock to Quantum as part of a consulting agreement.  The value of the shares totaled $2,800. On August 2, 2012, the Company issued 200,000 shares of the Company’s Series B Preferred Stock to John Linton pursuant to a consulting agreement.  The value of the shares totaled $11,200. On December 31, 2012, the Company issued 50,000 shares of the Company’s Series B Preferred Stock pursuant to a consulting agreement with Quantum.  The value of the shares totaled $1,000.
	On January 15, 2013, the Company issued 25,000 shares of the Company’s Series B Preferred Stock pursuant to a consulting agreement.  The value of the shares totaled $500 and was recorded as consulting expense.
	On June 30, 2013, the Company entered into a one year consulting agreement with Hahn Engineering, Inc. (“Hahn”),. Pursuant to the agreement, in exchange for the provision of oil and gas consulting services, Hahn received 1,000 restricted shares of common stock of the Company upon full execution of the agreement. In addition, so long as the agreement has not been terminated, commencing on the one month anniversary of June 23, 2013 and continuing on each monthly anniversary of June 23, 2013 thereafter, Hahn will be issued 2,000 restricted shares of common stock of the Company per month, to be capped at 24,000 shares total.  At December, 2013, Hahn had received 13,000 restricted shares of common stock of the Company valued at $88,110 which was recorded as consulting expense.
	During 2013, the Company issued to Quantum 100,000 shares of common stock pursuant to a consulting agreement   The value of the shares totaled $570,500 and was recorded as consulting expense.
	On August 31, 2013, the Company issued 500,000 shares of common stock to Agra pursuant to a consulting agreement.  The value of the shares totaled $1,250,000 and was recorded as consulting expense.
	Stock Issuances Related to Notes Payable
	In October, 2011, the company issued 200,000 shares of the Company’s Series B Preferred Stock at $.061 per share to RT Holdings in consideration of notes payable (see note 6) notes payable. The value of the shares issued totaled $12,200.
	In February 28, 2012, the Company issued 1,000,000 shares at of the Company’s Series B Preferred Stock at $.056 per share as consideration for the personal pledge of Nikolas Konstant, the Company’s chief executive officer, in the Secured Promissory Note to Sharma Vatsala. The shares were valued at $56,000.
	In February and March 2012, the Company issued a total of 400,000 shares of the Company’s Series B Preferred Stock at $.056 per share to Sharma Vatsala for extensions of the Secured Promissory Note. The shares were valued at $22,400. On September 26, 2012, the Company issued 20,000 shares of the Company’s Series B Preferred Stock to Babcock pursuant to a note agreement.  The value of the shares totaled $1,120. On July 10, 2012, the Company issued 20,000 shares of the Company’s Series B Preferred Stock to RT Holdings as consideration for extending the maturity date of the note.  The value of the shares totaled $1,120.
	On December 26, 2012, the Company issued 250,000 shares of the Company’s Series B Preferred Stock pursuant to the convertible promissory note agreement with Clouding. The value of the shares totaled $5,000
	Pursuant to a loan agreement entered into on February 8, 2013 and later amended on April 23, 2013, the Company issued 950,000 shares of the Company’s Series B Preferred Stock pursuant to the LowCal loan agreement.  The value of the shares totaled $3,239,500 of which $2,500,000 was recorded as a debt discount, which will be amortized over the life of the loan agreement and recorded as interest expense, and $739,500, which is the amount the fair value of the stock exceeded the face value of the convertible notes, was recorded as a finance cost.
	On March 31, 2013, the Company issued 150,000 shares of the Company’s Series B Preferred Stock pursuant to a loan agreement with Clouding.  The value of the shares totaled $3,000 and was recorded as interest expense.
	On November 7, 2013, the Company issued 70,000 shares of common stock pursuant to the amendment of the Babcock loan.  The value of the shares totaled $598,500, and was recorded as loss on debt extinguishment.
	On November 17, 2013, the Company issued 28,885 shares of common stock pursuant to the amendment of the RT Holdings loan.  The value of the shares totaled $239,497 of which $28,855 was applied toward the loan and the remaining $210,642 and was recorded as loss on debt extinguishment.
	Stock Issuances for Cash
	In May 2011, the Company issued an aggregate of 1,100 shares of the Company’s Series B Preferred Stock at $0.0001 to Plethora and Mr. Nikolas Konstant for additional cash contribution of $10.
	During the period ended December 31, 2011, the Company received aggregate cash proceeds of $400,000 for the sale of 804,000 shares of Series B Preferred Stock.
	During the year ended December 31, 2011, the Company issued 726,400 shares of the Company’s Series B Preferred Stock for $88,200. Proceeds from these issuances of shares were not yet received and were accounted for as Stock subscription receivable.
	On November 15, 2012, pursuant to a letter agreement (the “Purchase Agreement”) the Company agreed to sell to Sterling Atlantic, LLC (“Sterling”), post Stock-Split, up to 50,000 restricted shares of its common stock and 50,000 warrants to purchase shares of its common stock at an exercise price of $2.50, with a five-year term. Under the Purchase Agreement, if the Company received less than $50,000, the number of shares and warrants to be issued would be reduced proportionately. During 2013, the Company received an aggregate of $40,000: (i) $15,000 came directly from Sterling; and (ii) $25,000 came from Billy Parrott, an individual, at the direction of Sterling. Consequently, when the Stock Split was effectuated on May 20, 2013, the Company issued 15,000 shares and 15,000 warrants to Sterling and 25,000 shares and 25,000 warrants to Billy Parrott, where the warrants had the terms set forth above from the Purchase Agreement.
	On June 21, 2013, the Company issued 500,000 restricted shares of common stock at $0.10 per share or for a total of $50,000 cash pursuant to a consulting agreement with Brian Hannan and Jeffrey Ahlholm.

Note_9_Stock_Options_and_Warra

Note 9 - Stock Options and Warrants	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 9 - Stock Options and Warrants	'
	NOTE 9 - STOCK OPTIONS AND WARRANTS
	Option Activity
	On May 1, 2012, the Company granted 75,000 stock options at a fair value of $2,973 to directors at an exercise price of $2.50 per share. On August 1, 2012, the Company granted 25,000 stock options at a fair value of $991 to a director at an exercise price of $2.50 per share. The fair value of the options granted during the year ended December 31, 2012 was estimated on the date of the grant using the Black-Scholes option-pricing model with the following weighted average assumptions:
	·      Dividend yield of 0%
	·      Expected volatility of 214%
	·      Risk-free interest rate of 0.39%
	·      Expected life of 3 years
	On June 23, 2013, the Company entered into an Employment Agreement with Martin Oring, a member of the Company’s Board of Directors, pursuant to which Mr. Oring was appointed to act as the interim President and CEO of the Company while the Company searches for other candidates to fill the positions on a long-term basis. Pursuant to the agreement, Wealth Preservation, LLC, a company owned by Mr. Oring, received 600,000 options to purchase restricted shares of common stock of the Company at a per share exercise price of $2.50. The options expire on July 31, 2018. Commencing on July 31, 2013, 50,000 options will vest at the end of each month, so long as Mr. Oring’s Employment Agreement is still in effect. Any options which have not yet vested at the time Mr. Oring’s Employment Agreement is terminated shall cease to vest. Mr. Oring will also be reimbursed for reasonable travel and business expenses.
	The fair value of the 600,000 options was determined to be $1,935,908, which will be expensed over the one year vesting period beginning July 1, 2013. The fair value was determined using the Black-Scholes model with the following assumptions:
	·      Dividend yield of 0%
	·      Expected volatility of 214%
	·      Risk-free interest rate of 0.73%
	·      Expected life of 3 years
	The weighted average grant-date fair value for the options granted during the years ended December 31, 2013 and 2012 was $3.23 and $0.04, respectively.
	For the years ended December 31, 2013 and 2012, the Company recorded compensation expense related to stock options of $967,954 and $3,964, respectively which is recorded as general and administrative expense on the accompanying consolidated statements of operations.  The remaining amount to be expensed through June 30, 2014 is $967,954.
	A summary of the option activity is presented below:
				Weighted
			Weighted	Average
			Average	Remaining	Aggregate
		Number of	Exercise	Contractual	Intrinsic
		Options	Price ($)	Life (in years)	Value ($)
	Outstanding, May 22, 2011 (inception)	-	-	-
	Granted	-	-	-
	Exercised	-	-	-
	Forfeited/Canceled	-	-	-
	Outstanding, December 31, 2011	-	-	-
	Granted	100,000	2.5	-
	Exercised	-	-	-
	Forfeited/Canceled	-	-	-
	Outstanding, December 31, 2012	100,000.00	2.5	2.58
	Granted	600,000	2.5	-
	Exercised	-	-	-
	Forfeited/Canceled	-	-	-
	Outstanding, December 31, 2013	700,000	2.5	4.15	3,850,000.00
	Exercisable, December 31, 2013	250,000	2.5	3.38	1,375,000.00
	The following table summarizes information about options outstanding at December 31, 2013:
	Options Outstanding
			Weighted	Weighted
			Average	Average
	Exercise	Number of	Remaining	Exercise
	Price ($)	Shares	Life (Years)	Price ($)
	2.5	700,000	4.15	2.5
	The following table summarizes information about options exercisable at December 31, 2013:
	Options Exercisable
			Weighted	Weighted
			Average	Average
	Exercise	Number of	Remaining	Exercise
	Price ($)	Shares	Life (Years)	Price ($)
	2.5	250,000	3.38	2.5
	Warrant Activity
	On May 22, 2012, pursuant to the terms of the loan payable as discussed in Note 5 with Vicki P. Rollins, the Company issued a fully vested warrant to purchase 175,000 shares of the Company’s common stock at an exercise price of $2.50 per share expiring two (2) years from the date of issuance. The fair value of the warrant at the date of grant was determined to be $4,675.
	On August 2, 2012, pursuant to the term of the loan payable as discussed in Note 5 with Babcock, the Company issued a fully vested warrant to purchase 20,000 shares of the Company’s common stock at an exercise price of $2.50 per share expiring three (3) years from the date of issuance. The fair value of the warrant at the date of grant was determined to be $793.
	On August 2, 2012, pursuant to the term of the consulting agreement with John Linton, the Company issued a fully vested warrant to purchase 100,000 shares of the Company’s common stock at an exercise price of $3.0 per share expiring two (2) years from the date of issuance. The fair value of the warrant at the date of grant was determined to be $2,542
	On December 26, 2012, pursuant to the Oil & Gas Services Agreement with Clouding, the Company issued Clouding a warrant to purchase 1,000,000 shares of common stock with a three-year term and an exercise price of $3.00 per share. The warrant will not be exercisable unless and until the Stock Split has been effectuated, and the warrant expires on December 25, 2015. By its terms, neither the exercise price nor the number of shares issuable upon exercise shall be increased or decreased upon the occurrence of the Stock Split contemplated in the Merger Agreement.  The Company recorded an expense of $2,743 for the vested warrants based on the fair value of the warrants at the date of grant.
	The fair value of the above grants was estimated the Black-Scholes option-pricing model with the following assumptions:
	·       Expected life of 3 years
	·       Volatility of 214%;
	·       Dividend yield of 0%;
	·       Risk free interest rate of 0.33%
	GEM
	The Company and GEM Global Yield Fund, a member of the Global Emerging Markets Group (“GEM”), entered into a financing commitment on August 31, 2011, whereby GEM would provide and fund the Company with up to $400 million dollars, through a common stock subscription agreement (the “Commitment”), for the Company’s African acquisition activities.
	The Company and GEM formalized the Commitment by way of a definitive Common Stock Purchase Agreement and Registration Rights Agreement, both dated as of July 11, 2013 (collectively referred to as the “Commitment Agreements”). Together with formalizing the Commitment, pursuant to the Commitment Agreements and subject to certain restrictions contained therein, the Commitment may be drawn down at the Company’s option as the Company issues shares of common stock to GEM in return for funds.
	Under the agreed upon structure, and subject to certain prerequisites, the Company controls the timing and amount of any drawdown, and the funds withdrawn by the Company may be used to acquire any oil and gas assets the Company identifies, publicly or privately owned, national or international, as well as for working capital purposes.
In consideration of GEM’s continued support of the Company and their lack of termination of or withdrawal from the Commitment between August 31, 2011 and November 21, 2012, the Company issued to GEM and a GEM affiliate a total of six common stock purchase warrants to purchase a total of 8,372,000 shares of common stock. Two of the warrants to purchase a total of 2,399,000 shares vested in 2012.  The Company recorded an expense for the year ended December 31, 2012 of $6,298 for the vested warrants based on the fair value of the warrants at the date of grant. The fair value was estimated the Black-Scholes option-pricing model with the following weighted average assumptions:
·       Expected life of 3 years
·       Volatility of 214%;
·       Dividend yield of 0%;
·       Risk free interest rate of 0.33%
The vesting conditions of the four remaining warrants were amended with the Commitment Agreements. The following summarizes the amendments made to the four warrants on July 11, 2013 in connection with the Commitment Agreements:
·       The GEM B Warrant: The Company issued a warrant to purchase 651,500 shares of common stock of the Company, par value $0.0001 per share, to GEM at an exercise price of $3.00 per share (the “GEM B Warrant”). As amended, the GEM B Warrant’s vesting conditions were altered so that the GEM B Warrant vested on July 11, 2013. The other terms and conditions of the original GEM B Warrant remain unaltered.
·       The 590 Partners B Warrant: The Company issued a warrant to purchase 651,500 shares of common stock of the Company, par value $0.0001 per share, to 590 Partners at an exercise price of $3.00 per share (the “590 Partners B Warrant”). All of the terms in the 590 Partners B Warrant for vesting, exercise, expiration and anti-dilution are identical to those in the GEM B Warrant, as amended.
·       The GEM C Warrant: The Company issued a warrant to purchase 2,335,000 shares of common stock of the Company, par value $0.0001 per share, to GEM at an exercise price of $5.35 per share (the “GEM C Warrant”). Prior to its amendment, the GEM C Warrant would vest only upon the Company acquiring certain rights to oil and gas in Ghana. As amended, the GEM C Warrant will vest upon either of the following dates: (i) the date that the Company, or a subsidiary or affiliate of the Company, and the Ghanaian Ministry of Energy receive ratification from the Ghanaian Parliament for acquiring a block concession for oil and gas exploration; or (ii) the Company or a Subsidiary closes a deal to acquire assets having a cost greater than $40,000,000. Prior to its amendment, the GEM C Warrant also provided the Company with an option to elect to shorten the term of the GEM C Warrant (the “Company Shortening Option”), so long as certain terms and conditions had been satisfied. The amendment changed some of the terms and conditions that must be satisfied prior to the Company’s use of its Company Shortening Option. As amended, the Company may elect to shorten the term of the GEM C Warrant by moving the expiration date to the date six months (plus any additional days added if the underlying shares remain unregistered after 270 days) from the day that all of the following conditions have been satisfied: (i) either of the preconditions to vesting set forth above have been satisfied; (ii) the Company has publicly announced the ratification set forth in (i); (iii) the shares issuable upon exercise of the GEM C Warrant are subject to an effective registration statement; and (iv) the Company provides notice to GEM of its election to shorten the term within twenty business days of the last of the conditions in (i), (ii) and (iii) to occur.  The other terms and conditions of the original GEM C Warrant remain unaltered.  These options have not vested as of December 31, 2013.
·       The 590 Partners C Warrant: The Company issued a warrant to purchase 2,335,000 shares of common stock of the Company, par value $0.0001 per share, to 590 Partners at an exercise price of $5.35 per share (the “590 Partners C Warrant”). All of the terms in the 590 Partners C Warrant for vesting, exercise, expiration and anti-dilution are identical to those in the GEM C Warrant, as amended.
·       The Company recorded as consulting expense the fair value of the GEM B Warrant and the 590 Partners B Warrant which vested on July 11, 2013 pursuant to the amended agreements.  The fair value was determined to be $4,095,407 using the Black-Scholes option pricing model with the following assumptions:
·       Expected life of 3.34 years
·       Volatility of 214%;
·       Dividend yield of 0%;
·       Risk free interest rate of 0.65%
As further consideration for GEM’s execution of the Commitment Agreements, on July 11, 2013 GEM and GEM affiliates received common stock purchase warrants to purchase an additional 1,500,000 shares of common stock of the Company (“Additional Warrants”). The Additional Warrants vest on July 11, 2014, expire after five years and have an exercise price equal to the 30 day average trading price of the Company’s common stock on July 11, 2014. If the shares underlying the Additional Warrant are not registered within 24 months of July 11, 2013, the expiration date will be extended for each additional day the shares underlying Additional Warrant remain unregistered after 24 months.
The fair value of the 1,500,000 Additional Warrants was determined to be $11,965,068 using the Black-Scholes option pricing model with the following assumptions:
·       Expected life of 4.53 years
·       Volatility of 277%;
·       Dividend yield of 0%;
·       Risk free interest rate of 1.79%
The fair value will be amortized over the vesting period and will be adjusted each reporting period in accordance with accounting for non-employee stock compensation.  During the year ended December 31, 2013, the Company amortized $5,671,114 of the costs and as of December 31, 2013, $6,293,953 remains to be amortized through July 2014.
Pursuant to the Commitment Agreements, the Company must use commercially reasonable efforts to uplist to the NYSE, NASDAQ or AMEX stock exchange within 270 days of July 11, 2013, and then to file a registration statement covering the shares and warrants referenced in the Commitment Agreements within 30 days of uplisting. The Company further agreed to pay to GEM a Structuring Fee equal to $4 million, which must be paid on the 18 month anniversary of July 11, 2013 regardless of whether the Company has drawn down from the Commitment at that time. At the Company’s election, the Company may elect to pay the structuring fee in common stock of the Company at a per share price equal to ninety percent of the average closing trading price of the Company’s common stock for the thirty-day period immediately prior to the 18 month anniversary of July 11, 2013.
SAI Geoconsulting
On January 21, 2013, the Company entered into a consulting agreement with SAI Geoconsulting, Inc. (“SAI”). The Company retained SAI on a non-exclusive basis to provide consulting support and advisory services for oil and gas activities. The agreement commenced on January 15, 2013 and continues for 24 months. Upon SAI’s execution of the agreement, SAI received a warrant to purchase up to 250,000 shares of the Company’s common stock at a strike price of $2.50 per share. The warrant was exercisable upon effectuation of the Stock Split, and the warrant expires on January 17, 2018. So long as the Stock Split has been effectuated, 50,000 warrants vest annually every January 21st, commencing on January 21, 2013 and ending January 21, 2017. The consulting agreement was terminated on March 14, 2014.
The fair value of the 250,000 warrants will be expensed over the vesting period. The fair value of the 50,000 warrants that vested on May 20, 2013 was determined to be $167,527 using the Black-Scholes model with the following assumptions:
·      Dividend yield of 0%
·      Expected volatility of 214%
·      Risk-free interest rate of 0.85%
·      Expected life of 4.67 years
The fair value of the remaining 200,000 warrants at December 31, 2013 was determined to be $1,595,500, of which $380,658 was recognized during the year ended December 31, 2013. The fair value was determined using the Black-Scholes model with the following assumptions:
·      Dividend yield of 0%
·      Expected volatility of 277%
·      Risk-free interest rate of 1.75%
·      Expected life of 4.05 years
Agra
On November 6, 2013, the Company issued 100,000 warrants to Agra pursuant to their consulting agreement related to the closing of the LowCal convertible notes.  The warrants have an exercise price of $4.00, vest immediately and expire on July 31, 2018. The fair value of the 100,000 warrants was determined to be $853,548, which was recorded as “Interest and finance costs” on the accompanying consolidated statement of operations.  The fair value was determined using the Black-Scholes model with the following assumptions:
·      Dividend yield of 0%
·      Expected volatility of 277%
·      Risk-free interest rate of 1.34%
·      Expected life of 4.73 years
A summary of warrant activity for the years ended December 31, 2013 and 2012 is presented below:
			Weighted
		Weighted	Average
		Average	Remaining	Aggregate
	Number of	Exercise	Contractual	Intrinsic
	Warrants	Price ($)	Life (in years)	Value ($)
Outstanding, May 22, 2011 (inception)	-	-	-
Granted	-	-	-
Exercised	-	-	-
Forfeited/Canceled	-	-	-
Outstanding, December 31, 2011	-	-	-
Granted	9,668,000	4	-
Exercised	-	-	-
Forfeited/Canceled	-	-	-
Outstanding, December 31, 2012	9,668,000	-	-
Granted	1,890,000	7.18	-
Exercised	-	-	-
Forfeited/Canceled	-	-	-
Outstanding, December 31, 2013	11,558,000	4.5	2.36	40,658,000
Exercisable, December 31, 2013	5,188,000	2.74	2.11	27,182,500
The following tables summarize information about warrants outstanding and exercisable at December 31, 2013:
Warrants Outstanding
		Weighted	Weighted
		Average	Average
Exercise	Number of	Remaining	Exercise
Price ($)	Shares	Life (Years)	Price ($)
2.5	2,885,000	2	2.5
3	2,403,000	2.41	3
4	100,000	4.58	4
5.35	4,670,000	1.87	5.35
8.08	1,500,000	4.53	8.08
	11,558,000
Warrants Exercisable
		Weighted	Weighted
		Average	Average
Exercise	Number of	Remaining	Exercise
Price ($)	Shares	Life (Years)	Price ($)
2.5	2,685,000	1.85	2.5
3	2,403,000	2.41	3
4	100,000	4.58	4
	5,188,000

Note_10_Commitments_and_Contin

Note 10 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 10 - Commitments and Contingencies	'
	NOTE 10 - COMMITMENTS AND CONTINGENCIES
	Insurance
	The Company, through Eos, is a passive working and net revenue interest owner and operator in the oil and gas industry. As such, the Company to date has not acquired its own insurance coverage over its passive interests in the properties; instead the Company has relied on the third party operators for its properties to maintain insurance to cover its operations.
	There can be no assurance that insurance, if any, will be adequate to cover any losses or exposure to liability. Although the Company believes the policies obtained by the third party operators provide coverage in scope and in amounts customary in the industry, they do not provide complete coverage against all operating risks. An uninsured or partially insured claim, if successful and of significant magnitude, could have a material adverse effect on the Company and its financial condition via its contractual liability to the prospect.
	Legal Proceedings
	On July 11, 2011, Eos entered into an employment agreement with Michael Finch to fill the position of Eos’ CEO. A dispute arose with Mr. Finch resulting in him being terminated. On August 9, 2012, Mr. Finch made a Demand for Arbitration before JAMS alleging breach of the Employment Agreement. As of March 15, 2014 the arbitration was suspended by JAMS for lack of prosecution by Mr. Finch. Eos had not yet prepared or sent a response to the demand. Eos denies any breach of the employment agreement or other wrongdoing on its part and will vigorously defend those claims if they should ever be reasserted.
	TEHI Illinois LLC
	On June 6, 2012, Eos entered into an Oil and Gas Operating agreement with TEHI Illinois LLC. (“TEHI”) giving authority to TEHI as the Operator for oil and/or gas production (whether primary or secondary) with full control and management of all operations on the oil and gas properties located in Illinois in which Eos as an 80% revenue and 100% working interest (the “Works Property”). TEHI has operated as the Operator on the leased properties without contract since Eos’ purchase of the Works lease in June, 2011. TEHI will receive expenses of $300 per month for managing the affairs of the lease and to properly keep the wells in operation and good workmanlike manner. Eos will also pay to TEHI its proportionate share of all operating expenses arising out of the operation and maintenance of any wells drilled, completed and equipped. TEHI is entitled to submit monthly operating statements of all operating expenses directly to the oil pipeline purchaser and deduct its operating costs from crude oil sales before remitting to Eos the Eos’ share of said crude oil sales. Eos granted a security interest in and a lien upon Eos’s ownership and interests in the oil and gas leases, the wells situated thereon, and the oil and gas produced therefrom, the proceeds therefrom, and all equipment, fixtures and personal property situated thereon to secure payment, together with interest thereon. TEHI was also granted a preferential right of first refusal to purchase the Works Property in the event Eos ever desires to sell or dispose of all or any part of Eos’ interest in the Works Property.
	BAS Securities and Other Various Consulting Agreements
	Pursuant to a consulting agreement dated August 1, 2013, as subsequently amended on October 15, 2013 (the “BAS Agreement”), between the Company, AGRA Capital, LLC (“AGRA”) and BA Securities, LLC (“BAS”), AGRA and BAS agreed to provide certain financial advisory services to the Company. In addition to agreeing to pay fees comprised of differing amounts of cash and warrants upon the closing of certain transactions in which AGRA and BAS have assisted, and instead of providing a cash retainer or pre-closing advance, the Company issued to BAS 500,000 shares of its restricted common stock. The Company determined the fair value of the shares to be $1,250,000 based on the Company’s stock price on the date of the agreement and has reflected this amount as consulting cost in its accompanying statement of operations for the year ended December 31, 2013.  Pursuant to the consulting agreement, the Company paid AGRA $150,000 and issued 100,000 warrants related to the closing of the LowCal convertible notes.
	Amended Buccaneer Participation Agreement
	On August 21, 2013, the Company entered into an Amended and Restated Cook Inlet Participation Agreement (the “Original PA”) with Buccaneer Alaska, LLC (“Buccaneer”) and Buccaneer Alaska Operations, LLC (“Buccaneer Operations”) (collectively, the “Parties”), with respect to the farm-out of certain Alaskan-based oil & gas projects.
	Pursuant to the Original PA, the Company has the right to earn a 50% working interest in the following oil & gas projects, which projects are either 100% owned by Buccaneer, or to which Buccaneer has the right to earn 100% of the working interest:
	(i)  the Southern Cross Unit;
	(ii) the Northwest Cook Inlet Unit;
	(iii) the West Eagle Unit; and
	(iv) the North Cook Inlet Unit.
	Under the Original PA, the Parties agreed to first commence operations in furtherance of drilling wells within the Southern Cross Unit. However, subsequent to August 21, 2013, the Parties determined that they would be unable to commence operations in furtherance of drilling wells within the Southern Cross Unit on the schedule set forth in the Original PA. Therefore, on October 17, 2013, the Parties amended and restated the terms of the Original PA in their entirety in a Second Amended and Restated Cook Inlet Participation Agreement (the “Amended PA”).
	Under the Amended PA, the Parties have agreed to commence operations in furtherance of drilling wells within the West Eagle Unit by October 18, 2013, followed by operations within the North Cook Inlet Unit by December 31, 2014.  The commencement of operations in furtherance of drilling wells within the Southern Cross and Northwest Cook Inlet Units are not tied to certain dates but are instead tied to certain elections and rights which Buccaneer may choose to make or obtain in the future, as further set forth in the Amended PA. The Amended PA was terminated on November 29, 2013
	Office Lease
	On December 27, 2012, the Company entered into a lease to rent 3,127 square feet of space to be used as the principal office of the Company. The lease term is from December 27, 2012 to April 30, 2017.  The Company agreed to pay rent as follows: (i) for the period of time from December 27, 2012 to December 31, 2012, rent of $2,446; (ii) commencing January 1, 2013 through December 31, 2013, monthly rent of $15,166; (iii) commencing January 1, 2014 through December 31, 2014, monthly rent of $15,635; (iv) commencing January 1, 2015 through December 31, 2015, monthly rent of $16,104; (v) commencing January 1, 2016 through December 31, 2016, monthly rent of $16,573; and (vi) commencing January 1, 2014 through April 30, 2017, monthly rent of $17,073. So long as Eos is not in default under the Office Lease, Eos shall be entitled to an abatement of rent in the amount of $15,166 per month for four full calendar months commencing February 1, 2013.  The Company paid a security deposit of $102,441.
	The minimum lease payments are as follows:
	Year	Amount
	2014	$187,620
	2015	193,248
	2016	198,876
	2017	68,876
		$648,620
	Rent expense for the years ended December 31, 2013, 2012 and for the period May 2, 2011 (inception) to December 31, 2011 was $177,545, $48,000 and $42,500, respectively.

Note_11_Income_Taxes

Note 11 - Income Taxes	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 11 - Income Taxes	'
	NOTE 11 - INCOME TAXES
	Deferred tax assets of the Company are as follows:
		December 31,
		2013	2012
	Deferred tax assets:
	Net operating loss carryforwards	$1,941,839	$903,232
	Deferred Compensation	23,901	11,353
	Accrued expenses	179,094	154,660
	Stock Based Compensation	181,247	181,247
	Valuation Allowance	-2,326,081	-1,250,492
	Net deferred tax asset	-	-
	A valuation allowance has been recorded to reduce the net benefit recorded in the financial statements related to these deferred tax assets. The valuation allowance is deemed necessary as a result of the uncertainty associated with the ultimate realization of these deferred tax assets.
	The items accounting for the difference between income taxes computed at the federal statutory rate and the provision for income taxes were as follows:
		2013	2012	2011
	Statutory federal income tax rate	-34%	-34%	-34.00%
	State income taxes, net of federal taxes	-6%	-6%	-6.00%
	Non-includable items	21%	7%	1.00%
	Increase in valuation allowance	19%	33%	39.00%
	Effective income tax rate	-	-	-
	The components of income tax expense are as follows:
		2013	2012	2011
	Current federal income tax	-	-	-
	Current state income tax	-	-	-
	Deferred taxes	-1,075,587	-696,004	-554,488
	Valuation allowance	1,075,587	696,004	554,488
		-	-	-
	The Company adopted accounting rules which address the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under these rules, the Company may recognize the 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. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. These accounting rules also provide guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures. As of December 31, 2013 and 2012, no liability for unrecognized tax benefits was required to be recorded.”
	At December 31, 2013, the Company had net operating loss carry forwards of approximately $4,784,195 for both federal and state that may be offset against future taxable income. These carry forwards will begin to expire in the year ended December 31, 2031 for federal and state.  No tax benefit has been reported in the December 31, 2013, 2012 and 2011 financial statements since the potential tax benefit is offset by a valuation allowance of the same amount.

Note_12_Subsequent_Events

Note 12- Subsequent Events	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 12- Subsequent Events	'
	NOTE 12– SUBSEQUENT EVENTS
	Subsequent to year end, the Company paid $75,000 and issued 66,000 shares of common stock for full settlement of the RT Holdings note, paid $130,000 for full settlement of the Babcock note and extended the maturity date from February 28, 2014 to July 31, 2014 for the Rollins note.
	Pursuant to a consulting agreement dated August 26, 2013, as subsequently amended on December 13, 2013, between the Company and DVIBRI, LLC (“DVIBRI”), DVIBRI was engaged to provide financial advisory services to the Company. In exchange for services provided under the agreement, on February 21, 2014, the Company issued to DVIBRI 20,000 shares of its restricted common stock.
	On June 23, 2013, the Company entered into a one year consulting agreement with Hahn Engineering Inc. (“Hahn”). Eos retained Hahn to provide oil and gas consulting services. Pursuant to the agreement, so long as it has not been terminated, commencing July 23, 2013 Hahn is to receive 2,000 restricted shares of common stock each month as compensation, to be capped at 24,000 shares total. Subsequent to year end, the Company issued 6,000 shares of its restricted common stock to Hahn per this agreement.

Note_13_Selected_Quarterly_Dat

Note 13 - Selected Quarterly Data (unaudited)	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 13 - Selected Quarterly Data (unaudited)	'
	NOTE 13 – SELECTED QUARTERLY DATA (UNAUDITED)
		31-Mar-13	June 30, 2013	30-Sep-13	December 31, 2013	Total
	Revenue	$23,978	$196,776	$248,820	$126,831	$596,405
	Gross profit (loss)	-33,993	48,347	74,852	105,557	194,763
	Loss from operations	-670,928	-828,221	-7,873,270	-5,982,800	-15,355,219
	Net loss	-732,016	-2,694,086	-8,764,170	-14,926,371	-27,116,643
	Basic and diluted loss per share	($0.01)	($0.06)	($0.19)	($0.33)	($0.59)
		31-Mar-12	30-Jun-12	30-Sep-12	31-Dec-12	Total
	Revenue	16,474	-	65,605	-7,549	74,530
	Gross profit (loss)	-36,000	-121,406	-4,988	64,672	-97,722
	Loss from operations	-170,446	-376,477	-540,427	-264,649	-1,351,999
	Net loss	-299,238	-646,761	-598,578	-378,951	-1,923,528
	Basic and diluted loss per share	-0.01	-0.02	-0.01	-0.01	-0.05

Note_14_Supplemental_Informati

Note 14 - Supplemental Information Relating To Oil and Gas Producing Activities (unaudited)	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 14 - Supplemental Information Relating To Oil and Gas Producing Activities (unaudited)	'
	NOTE 14 - SUPPLEMENTAL INFORMATION RELATING TO OIL AND GAS PRODUCING ACTIVITIES (UNAUDITED)
	Estimated Quantities of Proved Reserves
	Hahn Engineering, Inc., an independent engineering firm, prepared the estimates of the proved reserves, future production, and income attributable to the leasehold interests as of December 31, 2013 and 2012. Estimates of proved reserves as of December 31, 2013 and 2012 were prepared by management using the report of Hahn Engineering, Inc. The estimated proved net recoverable reserves presented below include only those quantities that were expected to be commercially recoverable at prices and costs in effect at the balance sheet dates under the then existing regulatory practices and with conventional equipment and operating methods. Proved developed reserves represent only those reserves estimated to be recovered through existing wells. Proved undeveloped reserves include those reserves that may be recovered from new wells on undrilled acreage or from existing wells on which a relatively major expenditure for recompletion or secondary recovery operations is required. All of the Company’s Proved Reserves are located onshore in the continental United States of America.
	The following table shows the estimated proved developed reserves and the proved undeveloped reserves:
		31-Dec-13	31-Dec-12
	Proved developed reserves:	41,453	33,912
	Proved undeveloped reserves:	180,960	55,142
	Total proved reserves	222,413	89,054
	The following table reflects the changes in estimated quantities of proved reserves:
		December 31,	December 31,
		2013	2012
		Oil	Oil
		(bbls)	(bbls)
	Balance, beginning of the year	89,054	69,090
	Purchases of reserves in place	-	-
	Revision of previous estimates	139,831	20,863
	Production	-6,472	-899
	Net change	222,413	89,054
	Standardized Measure of Discounted Future Net Cash Flows
	The Standardized Measure related to proved oil and gas reserves is summarized below. Future cash inflows were computed by applying a twelve month average of the first day of the month prices to estimated future production, less estimated future expenditures (based on year end costs) to be incurred in developing and producing the proved reserves, less estimated future income tax expense. Future income tax expenses are calculated by applying appropriate year-end tax rates to future pretax net cash flows, less the tax basis of properties involved. Future net cash flows are discounted at a rate of 10% annually to derive the standardized measure of discounted future net cash flows. This calculation procedure does not necessarily result in an estimate of the fair market value or the present value of the Company.
	Discounted future cash flow estimates like those shown below are not intended to represent estimates of the fair value of oil and gas properties. Estimates of fair value should also consider unproved reserves, anticipated future oil and gas prices, interest rates, changes in development and production costs and risks associated with future production. Because of these and other considerations, any estimate of fair value is subjective and imprecise.
	Standardized Measure of Oil and Gas
		December 31,	December 31,
		2013	2012
	Future cash inflows	$19,999,359	$7,728,962
	Future production and development costs	-5,479,000	-2,802,100
	Future income taxes	-3,894,466	-1,063,757
	Future net cash flows	10,625,893	3,863,105
	Discount of future net cash flows at 10% per annum	-4,058,069	-1,231,826
	Standardized measure of discounted future net cash flows	$6,567,824	$2,631,279
	The following table sets forth the changes in standardized measure of discounted future net cash flows relating to proved oil and gas reserves for the periods indicated.
	Changes in Standardized Measure
		December 31,	December 31,
		2013	2012
	Beginning of the year	$2,631,279	$1,949,660
	Sales of oil and gas produced, net of production costs	-194,763	97,722
	Purchases of minerals in place	-	-
	Revision of previous quantity estimates	4,131,308	583,897
	Net change	$6,567,824	$2,631,279

Note_2_Summary_of_Significant_1

Note 2 - Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Basis of Presentation	'
	Basis of Presentation
	The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the accounting and disclosure rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”). The consolidated financial statements include our accounts and those of our Subsidiaries. Intercompany transactions and balances have been eliminated. Management evaluates its investments on an individual basis for purposes of determining whether or not consolidation is appropriate.
Basic and Diluted Earnings (loss) Per Share	'
	Basic and Diluted Earnings (Loss) Per Share
	Earnings per share is calculated in accordance with the ASC 260-10, “Earnings Per Share.” Basic earnings-per-share is based upon the weighted average number of common shares outstanding and includes the automatically converted shares of Series B preferred stock on a retroactive basis. Diluted earnings-per-share is based on the assumption that all dilutive convertible preferred shares, stock options and warrants were converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period.  The following potentially dilutive shares were excluded from the shares used to calculate diluted earnings per share as their inclusion would be anti-dilutive.
		December 31,
		2013	2012	2011
	Options	700,000	100,000	-
	Warrants	11,458,000	9,668,000	-
	Convertible notes	975,000	100,000
	Total	13,133,000	9,868,000	-
	Weighted average number of shares outstanding has been retroactively restated for (1) the equivalent number of shares received by the accounting acquirer as a result of the reverse merger, and (2) the equivalent number of shares issued upon conversion of Series B preferred shares upon effectiveness of the reverse stock split, as if these shares had been outstanding as of the beginning of the earliest period presented.
Management Estimates	'
	Management 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 and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates reflected in the consolidated financial statements include, but are not limited to, amortization and depletion allowances, the recoverability of the carrying amount and estimated useful lives of long-lived assets, asset retirement obligations, the valuation of equity instruments issued in connection with financing transactions, and share-based compensation costs. Changes in facts and circumstances may result in revised estimates.  Actual results could differ from those estimates.
Full Cost Method of Accounting For Oil and Gas Properties	'
	Full Cost Method of Accounting for Oil and Gas Properties
	The Company has elected to utilize the full cost method of accounting for its oil and gas activities. In accordance with the full cost method of accounting, the Company capitalizes all costs associated with acquisition, exploration and development of oil and natural gas reserves, including leasehold acquisition costs, geological and geophysical expenditures, lease rentals on undeveloped properties and costs of drilling of productive and non-productive wells into the full cost pool on a country by country basis. Capitalized costs of oil and gas properties, including the estimated future costs to develop proved reserves, are amortized on the unit-of-production method using estimates of proved reserves once proved reserves are determined to exist.
	Oil and gas properties without estimated proved reserves are not amortized until proved reserves associated with the properties can be determined or until impairment occurs. At the end of each reporting period, the unamortized costs of oil and gas properties are subject to a “ceiling test” which limits capitalized costs to the sum of the estimated future net revenues from proved reserves, discounted at 10% per annum to present value, based on current economic and operating conditions, adjusted for related income tax effects.
	The Company assesses oil and gas properties at least annually to ascertain whether impairment has occurred. In assessing impairment, the Company considers factors such as historical experience and other data such as primary lease terms of the property, average holding periods of unproved property, and geographic and geologic data. Through December 31, 2013, the Company has not experienced any impairment of its capitalized oil and gas properties.
	For the years ended December 31, 2013 and 2012 and for the period from May 2, 2011 (inception) to December 31, 2011, the Company capitalized $1,022,500, $10,000 and $151,856 of oil and gas properties, respectively.
	The Company recorded depletion expense of $40,645 and $21,408 for years ended December 31, 2013 and 2012, respectively.  No depletion expense was recorded for the period from May 2, 2011 (inception) to December 31, 2011.
Asset Retirement Obligation	'
	Asset Retirement Obligation
	The Company accounts for its future asset retirement obligations (“ARO”) by recording the fair value of the liability during the period in which it was incurred. The associated asset retirement costs are capitalized as part of the carrying amount of the long-lived asset. The increase in carrying value of a property associated with the capitalization of an ARO is included in proven oil and gas properties in the balance sheets. The ARO consists of costs related to the plugging of wells, removal of facilities and equipment, and site restoration on its oil and gas properties. The asset retirement liability is accreted to operating expense over the useful life of the related asset. As of December 31, 2013 and 2012, the Company had an ARO of $76,457 and $46,791, respectively.
Oil and Gas Revenue	'
	Oil and Gas Revenue
	Revenues are recognized when hydrocarbons have been delivered, the customer has taken title and collection is reasonably assured.
Share-based Compensation	'
	Share-Based Compensation
	The Company periodically issues stock options and warrants to employees and non-employees in capital raising transactions, for services and for financing costs. The Company accounts for share-based payments under the guidance as set forth in the Share-Based Payment Topic of the FASB Accounting Standards Codification, which requires the measurement and recognition of compensation expense for all share-based payment awards made to employees, officers, directors, and consultants, including employee stock options, based on estimated fair values. The Company estimates the fair value of share-based payment awards to employees and directors on the date of grant using an option-pricing model, and the value of the portion of the award that is ultimately expected to vest is recognized as expense over the required service period in the Company's Statements of Operations. The Company accounts for stock option and warrant grants issued and vesting to non-employees in accordance with the authoritative guidance where the value of the stock compensation is based upon the measurement date as determined at either a) the date at which a performance commitment is reached, or b) the date at which the necessary performance to earn the equity instruments is complete. Stock-based compensation is based on awards ultimately expected to vest and is reduced for estimated forfeitures. Forfeitures are estimated at the time of grant and revised, as necessary, in subsequent periods if actual forfeitures differ from those estimates.
Fair Value Measurements	'
	Fair Value Measurements
	The Company applies the provisions of ASC 820-10, “Fair Value Measurements and Disclosures.” ASC 820-10 defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The three levels of valuation hierarchy are defined as follows:
	·       Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets.
	·       Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.
	·       Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement.
	For certain financial instruments, the carrying amounts reported in the consolidated balance sheets for cash and cash equivalents and current liabilities, including notes payable and convertible notes, each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest.
	We did not identify any other non-recurring assets and liabilities that are required to be presented in the consolidated balance sheets at fair value in accordance with ASC 815.
Concentrations	'
	Concentrations
	The future results of the Company’s oil and natural gas operations will be affected by the market prices of oil and natural gas. The availability of a ready market for oil and natural gas products in the future will depend on numerous factors beyond the control of the Company, including weather, imports, marketing of competitive fuels, proximity and capacity of oil and natural gas pipelines and other transportation facilities, any oversupply or undersupply of oil, natural gas and liquid products, the regulatory environment, the economic environment, and other regional and political events, none of which can be predicted with certainty.
	One customer accounts for 100% of oil sales for the years ended December 31, 2013 and 2012. There was no revenue earned during the period May 2, 2011 (inception) to December 31, 2011.  The Company’s wells are located in Illinois.
Segment Reporting	'
	Segment Reporting
	ASC Topic 280, “Segment Reporting,” requires use of the “management approach” model for segment reporting. The management approach model is based on the way a company’s management organizes segments within the company for making operating decisions and assessing performance. The two business segments are as follows:
		-1	The acquisition, development, and operation of onshore oil and gas properties which is performed by Eos.
		-2	The design and production of products to protect users against the potentially harmful and damaging effects of electromagnetic radiation emitted from electrical devices, which is performed by the Company.
	Following the Merger, the Company’s principal focus has shifted to the business of Eos. The Company’s pre-Merger assets are less than 1% of total assets and its safe cell tab revenue is less than 1% of total revenue for the year ended December 31, 2013. Since the Company’s pre-Merger assets and operations are immaterial, the Company reports only one segment for financial statement reporting purposes.  Further, that segment of our business was discontinued in 2013, and we have written off all assets after settling all Safe Cell Tab related liabilities.
Recently Issued Accounting Pronouncements	'
	Recently Issued Accounting Pronouncements
	The FASB has issued Accounting Standards Update (ASU) No. 2013-04, Liabilities (Topic 405), “Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date.” ASU 2013-04 provides guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this ASU is fixed at the reporting date, except for obligations addressed within existing guidance in U.S. GAAP. The guidance requires an entity to measure those obligations as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors and any additional amount the reporting entity expects to pay on behalf of its co-obligors. The amendments in this ASU are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The Company does not expect the adoption of this guidance to have a material impact on the Company’s consolidated financial statements.
	In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of Unrecognized Tax Benefit When a Net Operating Loss Carryforward, A Similar Tax Loss, or a Tax Credit Carryforward Exists (A Consensus the FASB Emerging Issues Task Force). ASU 2013-11 provides guidance on financial statement presentation of unrecognized tax benefit when a net operating loss carrforward, a similar tax loss, or a tax credit carryforward exists. The FASB’s objective in issuing this ASU is to eliminate diversity in practice resulting from a lack of guidance on this topic in current U.S. GAAP. This ASU applies to all entities with unrecognized tax benefits that also have tax loss or tax credit carryforwards in the same tax jurisdiction as of the reporting date. This amendment is effective for public entities for fiscal years beginning after December 15, 2013 and interim periods within those years. The company does not expect the adoption of this standard to have a material impact on the Company’s consolidated financial statements.
	Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the Securities Exchange Commission (the “SEC”) did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statements.

Note_2_Summary_of_Significant_2

Note 2 - Summary of Significant Accounting Policies: Basic and Diluted Earnings (loss) Per Share: Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2013
Tables/Schedules	'
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	'
		December 31,
		2013	2012	2011
	Options	700,000	100,000	-
	Warrants	11,458,000	9,668,000	-
	Convertible notes	975,000	100,000
	Total	13,133,000	9,868,000	-

Note_4_Notes_Payable_Schedule_

Note 4 - Notes Payable: Schedule of Debt (Tables)	12 Months Ended
	Dec. 31, 2013
Tables/Schedules	'
Schedule of Debt	'
		December 31,	December 31,
		2013	2012
	Note payable at 24% (1)	$128,380	$200,000
	Secured note payable, at 18%, With guaranteed interest of $54,000 (2)	600,000	600,000
	Note payable, at 6% (3)	250,000	350,000
	Note payable, at 5%, (4)	130,000	300,000
	Total	$1,108,380	$1,450,000

Note_6_Asset_Retirement_Obliga1

Note 6 - Asset Retirement Obligation: Schedule of Change in Asset Retirement Obligation (Tables)	12 Months Ended
	Dec. 31, 2013
Tables/Schedules	'
Schedule of Change in Asset Retirement Obligation	'
		Year Ended	Year Ended
		31-Dec-13	31-Dec-12
	Asset retirement obligation, beginning of period	$46,791	-
	Additions	22,715	42,537
	Accretion expense	6,951	4,254
	Asset retirement obligations, end of period	$76,457	$46,791

Note_9_Stock_Options_and_Warra1

Note 9 - Stock Options and Warrants: Summary of the option activity (Tables)	12 Months Ended
	Dec. 31, 2013
Tables/Schedules	'
Summary of the option activity	'
				Weighted
			Weighted	Average
			Average	Remaining	Aggregate
		Number of	Exercise	Contractual	Intrinsic
		Options	Price ($)	Life (in years)	Value ($)
	Outstanding, May 22, 2011 (inception)	-	-	-
	Granted	-	-	-
	Exercised	-	-	-
	Forfeited/Canceled	-	-	-
	Outstanding, December 31, 2011	-	-	-
	Granted	100,000	2.5	-
	Exercised	-	-	-
	Forfeited/Canceled	-	-	-
	Outstanding, December 31, 2012	100,000.00	2.5	2.58
	Granted	600,000	2.5	-
	Exercised	-	-	-
	Forfeited/Canceled	-	-	-
	Outstanding, December 31, 2013	700,000	2.5	4.15	3,850,000.00
	Exercisable, December 31, 2013	250,000	2.5	3.38	1,375,000.00

Note_9_Stock_Options_and_Warra2

Note 9 - Stock Options and Warrants: Summary of Options outstanding (Tables)	12 Months Ended
	Dec. 31, 2013
Tables/Schedules	'
Summary of Options outstanding	'
	Options Outstanding
			Weighted	Weighted
			Average	Average
	Exercise	Number of	Remaining	Exercise
	Price ($)	Shares	Life (Years)	Price ($)
	2.5	700,000	4.15	2.5

Note_9_Stock_Options_and_Warra3

Note 9 - Stock Options and Warrants: Summary of Options exercisable (Tables)	12 Months Ended
	Dec. 31, 2013
Tables/Schedules	'
Summary of Options exercisable	'
	Options Exercisable
			Weighted	Weighted
			Average	Average
	Exercise	Number of	Remaining	Exercise
	Price ($)	Shares	Life (Years)	Price ($)
	2.5	250,000	3.38	2.5

Note_9_Stock_Options_and_Warra4

Note 9 - Stock Options and Warrants: Summary of warrant activity (Tables)	12 Months Ended
	Dec. 31, 2013
Tables/Schedules	'
Summary of warrant activity	'
				Weighted
			Weighted	Average
			Average	Remaining	Aggregate
		Number of	Exercise	Contractual	Intrinsic
		Warrants	Price ($)	Life (in years)	Value ($)
	Outstanding, May 22, 2011 (inception)	-	-	-
	Granted	-	-	-
	Exercised	-	-	-
	Forfeited/Canceled	-	-	-
	Outstanding, December 31, 2011	-	-	-
	Granted	9,668,000	4	-
	Exercised	-	-	-
	Forfeited/Canceled	-	-	-
	Outstanding, December 31, 2012	9,668,000	-	-
	Granted	1,890,000	7.18	-
	Exercised	-	-	-
	Forfeited/Canceled	-	-	-
	Outstanding, December 31, 2013	11,558,000	4.5	2.36	40,658,000
	Exercisable, December 31, 2013	5,188,000	2.74	2.11	27,182,500

Note_9_Stock_Options_and_Warra5

Note 9 - Stock Options and Warrants: Summary of warrants outstanding and exercisable (Tables)	12 Months Ended
	Dec. 31, 2013
Tables/Schedules	'
Summary of warrants outstanding and exercisable	'
	Warrants Outstanding
			Weighted	Weighted
			Average	Average
	Exercise	Number of	Remaining	Exercise
	Price ($)	Shares	Life (Years)	Price ($)
	2.5	2,885,000	2	2.5
	3	2,403,000	2.41	3
	4	100,000	4.58	4
	5.35	4,670,000	1.87	5.35
	8.08	1,500,000	4.53	8.08
		11,558,000
	Warrants Exercisable
			Weighted	Weighted
			Average	Average
	Exercise	Number of	Remaining	Exercise
	Price ($)	Shares	Life (Years)	Price ($)
	2.5	2,685,000	1.85	2.5
	3	2,403,000	2.41	3
	4	100,000	4.58	4
		5,188,000

Note_10_Commitments_and_Contin1

Note 10 - Commitments and Contingencies: Schedule of Future Minimum Rental Payments for Operating Leases (Tables)	12 Months Ended
	Dec. 31, 2013
Tables/Schedules	'
Schedule of Future Minimum Rental Payments for Operating Leases	'
	Year	Amount
	2014	$187,620
	2015	193,248
	2016	198,876
	2017	68,876
		$648,620

Note_11_Income_Taxes_Schedule_

Note 11 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2013
Tables/Schedules	'
Schedule of Deferred Tax Assets and Liabilities	'
		December 31,
		2013	2012
	Deferred tax assets:
	Net operating loss carryforwards	$1,941,839	$903,232
	Deferred Compensation	23,901	11,353
	Accrued expenses	179,094	154,660
	Stock Based Compensation	181,247	181,247
	Valuation Allowance	-2,326,081	-1,250,492
	Net deferred tax asset	-	-

Note_11_Income_Taxes_Schedule_1

Note 11 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)	12 Months Ended
	Dec. 31, 2013
Tables/Schedules	'
Schedule of Effective Income Tax Rate Reconciliation	'
		2013	2012	2011
	Statutory federal income tax rate	-34%	-34%	-34.00%
	State income taxes, net of federal taxes	-6%	-6%	-6.00%
	Non-includable items	21%	7%	1.00%
	Increase in valuation allowance	19%	33%	39.00%
	Effective income tax rate	-	-	-

Note_11_Income_Taxes_Schedule_2

Note 11 - Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Tables)	12 Months Ended
	Dec. 31, 2013
Tables/Schedules	'
Schedule of Components of Income Tax Expense (Benefit)	'
		2013	2012	2011
	Current federal income tax	-	-	-
	Current state income tax	-	-	-
	Deferred taxes	-1,075,587	-696,004	-554,488
	Valuation allowance	1,075,587	696,004	554,488
		-	-	-

Note_13_Selected_Quarterly_Dat1

Note 13 - Selected Quarterly Data (unaudited): Schedule of Quarterly Financial Information (Tables)	12 Months Ended
	Dec. 31, 2013
Tables/Schedules	'
Schedule of Quarterly Financial Information	'
		31-Mar-13	June 30, 2013	30-Sep-13	December 31, 2013	Total
	Revenue	$23,978	$196,776	$248,820	$126,831	$596,405
	Gross profit (loss)	-33,993	48,347	74,852	105,557	194,763
	Loss from operations	-670,928	-828,221	-7,873,270	-5,982,800	-15,355,219
	Net loss	-732,016	-2,694,086	-8,764,170	-14,926,371	-27,116,643
	Basic and diluted loss per share	($0.01)	($0.06)	($0.19)	($0.33)	($0.59)
		31-Mar-12	30-Jun-12	30-Sep-12	31-Dec-12	Total
	Revenue	16,474	-	65,605	-7,549	74,530
	Gross profit (loss)	-36,000	-121,406	-4,988	64,672	-97,722
	Loss from operations	-170,446	-376,477	-540,427	-264,649	-1,351,999
	Net loss	-299,238	-646,761	-598,578	-378,951	-1,923,528
	Basic and diluted loss per share	-0.01	-0.02	-0.01	-0.01	-0.05

Note_14_Supplemental_Informati1

Note 14 - Supplemental Information Relating To Oil and Gas Producing Activities (unaudited): Estimated Proved Developed and Undeveloped Reserves (Tables)	12 Months Ended
	Dec. 31, 2013
Tables/Schedules	'
Estimated Proved Developed and Undeveloped Reserves	'
		31-Dec-13	31-Dec-12
	Proved developed reserves:	41,453	33,912
	Proved undeveloped reserves:	180,960	55,142
	Total proved reserves	222,413	89,054

Note_14_Supplemental_Informati2

Note 14 - Supplemental Information Relating To Oil and Gas Producing Activities (unaudited): Schedule of Proved Developed and Undeveloped Oil and Gas Reserve Quantities (Tables)	12 Months Ended
	Dec. 31, 2013
Tables/Schedules	'
Schedule of Proved Developed and Undeveloped Oil and Gas Reserve Quantities	'
		December 31,	December 31,
		2013	2012
		Oil	Oil
		(bbls)	(bbls)
	Balance, beginning of the year	89,054	69,090
	Purchases of reserves in place	-	-
	Revision of previous estimates	139,831	20,863
	Production	-6,472	-899
	Net change	222,413	89,054

Note_14_Supplemental_Informati3

Note 14 - Supplemental Information Relating To Oil and Gas Producing Activities (unaudited): Schedule of Changes in Standardized Measure of Discounted Future Net Cash Flows (Tables)	12 Months Ended
	Dec. 31, 2013
Tables/Schedules	'
Schedule of Changes in Standardized Measure of Discounted Future Net Cash Flows	'
	Standardized Measure of Oil and Gas
		December 31,	December 31,
		2013	2012
	Future cash inflows	$19,999,359	$7,728,962
	Future production and development costs	-5,479,000	-2,802,100
	Future income taxes	-3,894,466	-1,063,757
	Future net cash flows	10,625,893	3,863,105
	Discount of future net cash flows at 10% per annum	-4,058,069	-1,231,826
	Standardized measure of discounted future net cash flows	$6,567,824	$2,631,279

Note_14_Supplemental_Informati4

Note 14 - Supplemental Information Relating To Oil and Gas Producing Activities (unaudited): Standardized Measure of Discounted Future Cash Flows Relating to Proved Oil and Gas Reserves (Tables)	12 Months Ended
	Dec. 31, 2013
Tables/Schedules	'
Standardized Measure of Discounted Future Cash Flows Relating to Proved Oil and Gas Reserves	'
	Changes in Standardized Measure
		December 31,	December 31,
		2013	2012
	Beginning of the year	$2,631,279	$1,949,660
	Sales of oil and gas produced, net of production costs	-194,763	97,722
	Purchases of minerals in place	-	-
	Revision of previous quantity estimates	4,131,308	583,897
	Net change	$6,567,824	$2,631,279

Note_1_Organization_Details

Note 1 - Organization (Details) (USD $)

12 Months Ended

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Oct. 11, 2012

Oct. 12, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2013

EOS Petro Inc Shareholder

EOS Atlantic Oil and Gas

EOS Atlantic Oil and Gas

Plethora Buy Oil and Gas Ltd

Plethora Buy Oil and Gas Ltd

Series A Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Common Stock

Ghanaian-based Consultants

Ghanaian-based Consultants

Former EOS Stockholders

Entity Incorporation, State Country Name

'Nevada

'

'

'

'

'

'

'

'

'

'

'

'

Business Acquisition, Equity Interest Issued or Issuable, Number of Shares

'

'

'

'

'

'

'

'

'

'

37,850,044

'

'

Number of shares of common stock issuable upon conversion of each preferred share

'

800

'

'

'

'

'

'

'

'

'

'

'

Common Stock, Shares Outstanding

46,628,882

94,897

61,633,891

'

'

'

'

'

'

'

'

'

'

Conversion of Stock, Shares Converted

'

'

'

'

'

'

'

'

40,000,000

45,275,044

'

'

45,275,044

Conversion of Stock, Shares Issued

'

'

'

'

'

'

'

'

'

'

100,000

'

'

Debt Conversion, Converted Instrument, Amount

'

$150,000

'

'

'

'

'

'

'

'

'

'

'

Debt Conversion, Converted Instrument, Shares Issued

'

'

'

'

'

'

'

'

'

'

5,900,000

'

'

Stock sold

'

'

'

'

'

'

'

'

'

'

'

2,805,000

'

Liabilities Assumed

'

57,385

'

'

'

'

'

'

'

'

'

'

'

Equity Method Investment, Ownership Percentage

'

'

'

93.00%

90.00%

10.00%

90.00%

'

'

'

'

'

'

Reverse merger costs

'

$57,385

'

'

'

'

'

'

'

'

'

'

'

Stockholders' Equity, Reverse Stock Split

'reverse stock split of the outstanding shares of common stock of the Company held by stockholders with 2,000 or more aggregate shares of common stock at an exchange ratio of 1-for-800, accompanied by a cash distribution of $0.025 per share to all of the Company’s common stockholders with less than 2,000 shares of common stock in the aggregate, in exchange for and in cancellation of their shares of common stock

'

'

'

'

'

'

'

'

'

'

'

'On May 21, 2013, the Company effectuated a reverse stock split of the outstanding shares of common stock of the Company held by stockholders with 2,000 or more aggregate shares of common stock at an exchange ratio of 1-for-800, accompanied by a cash distribution of $0.025 per share to all of the Company’s common stockholders with less than 2,000 shares of common stock in the aggregate, in exchange for and in cancellation of their shares of common stock.

Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners

'

'

'

'

'

'

'

10.00%

'

'

'

'

'

Note_2_Summary_of_Significant_3

Note 2 - Summary of Significant Accounting Policies: Basic and Diluted Earnings (loss) Per Share: Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	13,133,000	9,868,000
Equity Option	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	700,000	100,000
Warrant	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	11,458,000	9,668,000
Convertible Debt Securities	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	975,000	100,000

Note_2_Summary_of_Significant_4

Note 2 - Summary of Significant Accounting Policies: Full Cost Method of Accounting For Oil and Gas Properties (Details) (USD $)	8 Months Ended	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012
Payments to Acquire Oil and Gas Property	$151,856	$1,022,500	$10,000
Depletion	'	$40,645	$21,408
Oil and Gas Properties	'	'	'
Percent of discount for estimating proven oil and gas reserves	'	10.00%	'

Note_2_Summary_of_Significant_5

Note 2 - Summary of Significant Accounting Policies: Asset Retirement Obligation (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Details	'	'
Asset Retirement Obligation, Current	$76,457	$46,791

Note_2_Summary_of_Significant_6

Note 2 - Summary of Significant Accounting Policies: Concentrations (Details) (One Customer, Sales)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
One Customer | Sales	'	'
Concentration Risk, Percentage	100.00%	100.00%

Note_3_Going_Concern_Details

Note 3 - Going Concern (Details) (USD $)	3 Months Ended								8 Months Ended	12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012
Details	'	'	'	'	'	'	'	'	'	'	'
Total stockholders' deficit	($4,176,488)	'	'	'	($2,384,024)	'	'	'	($583,077)	($4,176,488)	($2,384,024)
Net loss	14,926,371	8,764,170	2,694,086	732,016	378,951	598,578	646,761	299,238	1,627,348	27,116,643	1,923,528
Net cash used in operating activities	'	'	'	'	'	'	'	'	642,911	1,909,002	1,331,291
Future Estimated Capital Requirements	$1,000,000	'	'	'	'	'	'	'	'	$1,000,000	'

Note_4_Notes_Payable_Schedule_1

Note 4 - Notes Payable: Schedule of Debt (Details) (USD $)	Dec. 31, 2013	Nov. 08, 2013	Dec. 31, 2012
Notes payable	$1,108,380	'	$1,450,000
Note Payable at 24%	'	'	'
Notes payable	128,380	232,235	200,000
Note Payable at 18%	'	'	'
Notes payable	600,000	'	600,000
Note Payable at 6%	'	'	'
Notes payable	250,000	'	350,000
Note Payable at 5%	'	'	'
Notes payable	$130,000	'	$300,000

Note_4_Notes_Payable_Details

Note 4 - Notes Payable (Details) (USD $)

8 Months Ended

12 Months Ended

6 Months Ended

8 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

12 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2011

Dec. 31, 2013

Nov. 18, 2013

Nov. 08, 2013

Apr. 30, 2013

Dec. 31, 2012

Oct. 24, 2011

Jan. 09, 2014

Jan. 31, 2014

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

9-May-12

Feb. 16, 2012

Dec. 31, 2013

Dec. 31, 2012

Jun. 18, 2012

Dec. 31, 2013

Dec. 31, 2013

Nov. 08, 2013

Dec. 31, 2012

Aug. 02, 2012

Jan. 31, 2014

Dec. 31, 2013

Common Stock

Note Payable at 24%

Note Payable at 24%

Note Payable at 24%

Note Payable at 24%

Note Payable at 24%

Note Payable at 24%

Note Payable at 24%

Note Payable at 24%

Note Payable at 24%

Note Payable at 24%

Note Payable at 24%

Note Payable at 24%

Note Payable at 18%

Note Payable at 18%

Note Payable at 18%

Note Payable at 18%

Note Payable at 6%

Note Payable at 6%

Note Payable at 6%

Note Payable at 5%

Note Payable at 5%

Note Payable at 5%

Note Payable at 5%

Note Payable at 5%

Note Payable at 5%

Note Payable at 5%

Subsequent Event

Subsequent Event

Common Stock

Subsequent Event

Subsequent Event

Proceeds from issuance of short term notes payable

$291,600

'

$1,250,000

'

'

'

$200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Maturity Date Range, Start

'

'

'

'

'

'

7-Nov-11

'

'

'

'

'

'

'

'

'

'

'

'

'

22-Sep-12

'

'

'

'

'

'

'

'

'

Debt Instrument, Maturity Date Range, End

'

'

'

'

'

'

'

30-Apr-13

'

'

'

'

'

'

'

'

31-May-14

'

'

'

31-Jul-14

'

'

'

'

'

'

'

'

'

Debt Instrument, Interest Rate, Stated Percentage

'

'

'

'

'

'

'

'

'

'

'

'

6.00%

'

'

'

'

'

'

18.00%

6.00%

'

'

'

'

'

'

'

'

'

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

'

'

'

'

'

'

'

24.00%

'

'

'

'

'

'

'

'

'

'

'

'

18.00%

'

'

'

'

'

'

'

'

'

Debt Instrument, Fee Amount

'

'

'

'

'

'

'

'

60,000

'

10,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Repayment of short term notes payable

50,000

500,000

41,600

'

75,000

25,000

'

'

'

'

'

'

'

'

75,000

'

'

'

'

'

100,000

'

'

200,000

'

'

'

'

130,000

130,000

Notes payable

'

1,108,380

1,450,000

'

128,380

'

'

128,380

'

232,235

'

200,000

'

'

'

'

600,000

600,000

'

'

250,000

350,000

'

130,000

130,000

'

300,000

'

'

'

Debt Instrument, Convertible, Terms of Conversion Feature

'

'

'

'

'

'

'

'agreed to make a $75,000 payment to RT on or before January 9, 2014. RT agreed to have the remaining balance of $82,235 paid with 28,885 shares of restricted common stock at a conversion rate of $2.85. However, if the final payment of $75,000 was not paid on or before of the January 9, 2014; and if the 28,855 shares are not delivered to RT on or before November 27, 2013, then the conversion rate was to be decreased to $1.

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Conversion, Converted Instrument, Shares Issued

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

28,885

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Conversion, Original Debt, Amount

'

'

'

'

'

'

'

28,885

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair value of stock issued

'

3,239,500

'

'

'

'

'

'

'

'

'

'

'

'

'

239,497

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loss on debt extinguishment

'

-3,388,704

'

'

'

'

'

'

'

'

'

'

'

'

'

-210,642

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Automatic conversion of Series B preferred stock for common stock, Shares

'

'

'

45,275,044

'

'

'

'

'

'

'

'

'

'

'

66,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Automatic conversion of Series B preferred stock for common stock, Value

'

'

'

4,528

'

'

'

'

'

'

'

'

'

'

'

620,400

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Face Amount

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

600,000

400,000

'

'

350,000

'

'

330,000

'

300,000

'

'

Debt Instrument Shares Equity Incentive

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

275,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Collateral

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'The loan is secured by a first priority blanket security interest in all of Eos’ assets, and newly acquired assets, a mortgage on the Works property, a 50% security interest in Nikolas Konstant’s personal residence, and his personally held shares in a non-affiliated public corporation.

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Maturity Date

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

31-Aug-13

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Periodic Payment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7,500

'

'

'

'

'

Debt Instrument, Frequency of Periodic Payment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'month

'

'

'

'

'

Payment In Connection With Extension Of Maturity Date

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,000

'

'

'

'

'

Payment In Connection With Lease Agrement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

15,000

'

'

'

'

'

Debt Instrument, Payment Terms

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'three separate payments as follows: (i) on or before November 8, 2013, Eos agreed pay $100,000; (ii) on or before November 15, 2013, Eos agreed to pay $100,000; and (iii) on or before January 9, 2014, Eos agreed to pay the final payment of $130,000.

'

'

'

'

'

Issuance of stock for debt modification

'

'

'

'

'

'

'

'

'

'

'

'

'

66,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

70,000

Issuance of stock for debt modification

$51,850

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$598,500

Note_5_Convertible_Promissory_1

Note 5 - Convertible Promissory Notes (Details) (USD $)

8 Months Ended

12 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

1 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

1 Months Ended

3 Months Ended

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 26, 2012

Mar. 31, 2013

Dec. 26, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 26, 2012

Mar. 31, 2013

Mar. 31, 2013

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Nov. 06, 2013

Apr. 23, 2013

Feb. 08, 2013

Dec. 31, 2013

Dec. 31, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2013

Nov. 06, 2013

Feb. 08, 2013

Feb. 28, 2013

Jun. 30, 2013

Mar. 31, 2013

Feb. 08, 2013

Common Stock

Series B Preferred Stock

Series B Preferred Stock

Clouding Loan

Clouding Loan

Clouding Loan

Clouding Loan

Clouding Loan

Clouding Loan

Clouding Loan

Clouding Loan

Clouding Loan

LowCal Loan

LowCal Loan

LowCal Loan

LowCal Loan

LowCal Loan

LowCal Loan

LowCal Loan

LowCal Loan

LowCal Loan

LowCal Loan

LowCal Loan

LowCal Loan

LowCal Loan

LowCal Loan

LowCal Loan

LowCal Loan

LowCal Loan

Common Stock

Common Stock

Preferred Stock

Preferred Stock

Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Issuance of Convertible Debt

Debt Modification

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Debt Instrument, Face Amount

'

'

'

'

'

'

$250,000

$250,000

'

'

'

'

'

'

'

'

'

'

$5,000,000

'

$2,500,000

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Maturity Date Range, Start

'

'

'

'

'

'

31-Mar-13

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Maturity Date Range, End

'

'

'

'

'

'

31-Aug-13

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Interest Rate, Stated Percentage

'

'

'

'

'

'

'

4.00%

'

'

'

'

'

'

'

'

'

'

'

'

10.00%

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Fee Amount

'

'

'

'

'

'

'

25,000

'

'

'

'

'

'

'

'

'

'

'

739,500

'

'

'

'

'

3,476,250

'

'

'

'

'

'

Debt Instrument, Convertible, Conversion Price

'

'

'

'

'

'

'

'

'

$2.50

'

'

'

'

'

$4

'

$4

'

'

'

'

'

'

'

'

$4

$5

'

'

'

'

Debt Instrument, Face Amount

'

'

'

'

'

'

250,000

250,000

'

'

'

'

'

'

'

'

'

'

5,000,000

'

2,500,000

'

'

'

'

'

'

'

'

'

'

'

Issuance of stock in connection with promissory note, Shares

'

950,000

'

'

950,000

'

'

'

'

'

250,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

950,000

450,000

500,000

'

Issuance of stock in connection with promissory note, Value

'

3,239,500

'

'

95

'

'

'

'

'

5,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,239,500

10,000

10,000

'

Convertible notes payable discount

'

887,118

4,688

'

'

'

'

'

'

'

'

4,688

5,000

'

'

887,118

'

887,118

'

2,500,000

'

'

'

'

'

1,000,000

'

'

'

'

'

2,500,000

Issuance of stock for extension of notes payable, Shares

'

'

'

'

150,000

'

'

'

'

'

'

'

'

150,000

150,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Conversion of Stock, Shares Converted

'

'

'

45,275,044

45,275,044

'

'

'

150,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Conversion of Series B Preferred stock to common stock

'

4,528

'

'

'

'

'

'

3,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from issuance of convertible notes

10,000

3,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

1,000,000

2,480,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Long-term Debt, Gross

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,500,000

'

3,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Maturity Date

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

31-Dec-14

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Exit Fee

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'On the date that the LowCal Loan has been repaid in full, LowCal shall be entitled to receive from Eos an exit fee, payable in cash and stock, in the following amounts: (i) 50,000 restricted shares of Company’s common stock; and (ii) cash in an amount equal to 10% of the total principal amount of the note.

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Convertible, Number of Equity Instruments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

50,000

'

'

'

'

'

'

Conversion of Stock, Shares Issued

'

'

'

'

'

100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

450,000

500,000

'

'

'

'

'

'

'

Share to be issued upon closing

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,000,000

'

'

'

'

'

'

Shares to be issued pursuant to agreement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

400,000

'

'

'

'

'

'

Value of stock to be issued pursuant to agreement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,370,000

'

'

'

'

'

'

Beneficial conversion feature related to debt modification

'

2,579,562

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,106,250

2,579,562

'

'

'

'

'

'

'

'

'

Amortization of Debt Discount (Premium)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,612,182

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Beneficial conversion feature related to debt modification

'

2,579,562

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,106,250

2,579,562

'

'

'

'

'

'

'

'

'

Debt Issuance Cost

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$25,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Note_6_Asset_Retirement_Obliga2

Note 6 - Asset Retirement Obligation: Schedule of Change in Asset Retirement Obligation (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Details	'	'
Asset retirement obligation, beginning of period	$46,791	'
Additions	22,715	42,537
Accretion expense	6,951	4,254
Asset retirement obligations, end of period	$76,457	$46,791

Note_7_Related_Party_Transacti1

Note 7 - Related Party Transactions (Details) (USD $)	8 Months Ended		12 Months Ended
	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 27, 2012	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
			Plethora Enterprises, LLC	Plethora Enterprises, LLC	Nikolas Konstant	Nikolas Konstant	Nikolas Konstant	Baychester	Baychester
Related Party Transaction, Expenses from Transactions with Related Party	'	'	$360,000	$157,000	'	'	'	'	'
Short-term advances - related party	'	39,000	164,610	97,000	0	'	40,000	'	'
Monthly Lease Amount	'	'	'	'	'	4,000	'	'	'
Operating Leases, Rent Expense	'	'	'	'	'	'	40,000	'	'
Issuance of stock for satisfaction of liabilities, Shares	'	'	'	'	1,000,000	'	'	'	'
Development Stage Entities, Equity Issuance, Per Share Amount	'	'	'	'	$0.06	'	'	'	'
Issuance of stock for satisfaction of liabilities, Value	51,850	'	'	'	56,000	'	'	'	'
Monthly Consulting Fee	'	'	'	'	'	'	'	10,000	'
Professional Fees	'	'	'	'	'	'	'	$68,000	$43,000
Contingently issuable shares	'	'	'	'	'	'	'	'	5,000,000

Note_8_Stockholders_Deficit_De

Note 8 - Stockholders' Deficit (Details) (USD $)

8 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

6 Months Ended

12 Months Ended

1 Months Ended

3 Months Ended

8 Months Ended

12 Months Ended

1 Months Ended

3 Months Ended

1 Months Ended

3 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

8 Months Ended

12 Months Ended

1 Months Ended

2 Months Ended

12 Months Ended

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Apr. 23, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Aug. 31, 2013

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Jan. 31, 2013

Oct. 31, 2011

Dec. 31, 2011

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Mar. 31, 2013

Dec. 31, 2012

Mar. 31, 2013

Feb. 28, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2013

Feb. 08, 2013

Dec. 31, 2011

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Sep. 30, 2012

Jul. 31, 2012

Dec. 31, 2011

Dec. 31, 2011

Dec. 31, 2012

Feb. 28, 2012

Mar. 31, 2012

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

LowCal Loan

LowCal Loan

Sterling Atlantic, LLC

Billy Parrott

Nikolas Konstant

Dividend Paid

Series A Preferred Stock

Series A Preferred Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Common Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Series B Preferred Stock

Warrant

Warrant

Warrant

Warrant

Warrant

LowCal Loan

Agra Capital Advisors, LLC

Quantum

Hahn Engineering Inc

Hahn Engineering Inc

Babcock Affiliates

RT Holdings LLC

Sterling Atlantic, LLC

Billy Parrott

Brian Hannan and Jeffrey Ahlholm

Clouding Loan

Clouding Loan

Clouding Loan

LowCal Loan

LowCal Loan

LowCal Loan

LowCal Loan

LowCal Loan

Glacier Holdings

Agra Capital Advisors, LLC

Quantum

Quantum

Babcock Affiliates

RT Holdings LLC

Nikolas Konstant

Plethora Enterprises, LLC

John Linton

Sharma Vatsala

Sharma Vatsala

Clouding Loan

Babcock Affiliates

Sterling Atlantic, LLC

Billy Parrott

John Linton

Stockholders' Equity, Reverse Stock Split

'

'reverse stock split of the outstanding shares of common stock of the Company held by stockholders with 2,000 or more aggregate shares of common stock at an exchange ratio of 1-for-800, accompanied by a cash distribution of $0.025 per share to all of the Company’s common stockholders with less than 2,000 shares of common stock in the aggregate, in exchange for and in cancellation of their shares of common stock

'

'

'

'

'

'

'

'

'

'On May 21, 2013, the Company effectuated a reverse stock split of the outstanding shares of common stock of the Company held by stockholders with 2,000 or more aggregate shares of common stock at an exchange ratio of 1-for-800, accompanied by a cash distribution of $0.025 per share to all of the Company’s common stockholders with less than 2,000 shares of common stock in the aggregate, in exchange for and in cancellation of their shares of common stock.

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Automatic conversion of Series B preferred stock for common stock, shares

'

'

'

'

'

'

'

'

'

'

'

45,275,044

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-45,275,044

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred Stock, Shares Authorized

'

100,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

44,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred Stock, Par Value

'

$0.00

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Convertible Preferred Stock, Shares Issued upon Conversion

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

800

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Accrued dividends on preferred stock

$11,408

'

$15,978

'

'

'

'

'

'

$0

$27,386

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Shares issued for accrued dividends, Shares

'

6,856

'

'

'

'

'

'

'

'

'

6,856

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Shares issued for accrued dividends, Value

'

55,459

'

'

'

'

'

'

'

'

'

1

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest and finance costs

56,898

8,372,720

514,144

'

'

'

'

'

28,073

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

739,500

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Initial issuances of stock to founding shareholder, Shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

25,000,100

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

24,999,000

'

'

'

'

'

'

'

'

'

Development Stage Entities, Equity Issuance, Per Share Amount

'

'

'

'

'

'

'

$0.06

'

'

'

'

'

'

'

'

'

'

'

'

'

$0.10

'

$0.06

$0.07

$0.07

'

'

'

'

'

'

'

'

'

'

$0.06

$0.06

'

'

'

'

$0.00

$0.07

'

$0.06

$0.06

'

'

'

'

'

Issuance of stock for acquisition of oil and gas leases, Shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,479,544

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of stock for acquisition of oil and gas leases, Value

103,568

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

148

[1]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of stock for services, Shares

'

'

'

'

'

'

'

'

'

'

'

113,000

'

500,000

100,000

1,000

13,000

'

'

'

'

'

25,000

'

300,000

300,000

'

600,000

'

'

'

'

'

'

'

'

850,000

300,000

50,000

50,000

'

'

'

6,500,000

200,000

'

'

'

'

'

'

'

Issuance of stock for services, Value

20,551

659,309

31,800

'

'

'

'

'

'

'

'

11

'

1,250,000

570,500

'

88,110

'

'

'

'

'

500

'

20,551

30

[2]

'

60

'

'

'

'

'

'

'

'

51,850

16,800

1,000

2,800

'

'

'

455,000

11,200

'

'

'

'

'

'

'

Restricted Stock Agreement Terms

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'In addition, so long as the agreement has not been terminated, commencing on the one month anniversary of June 23, 2013 and continuing on each monthly anniversary of June 23, 2013 thereafter, Hahn will be issued 2,000 restricted shares of common stock of the Company per month, to be capped at 24,000 shares total.

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of stock in debt transaction, Shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

200,000

'

200,000

'

440,000

'

'

'

'

'

'

'

'

'

'

'

'

20,000

20,000

'

'

'

'

400,000

'

'

'

'

'

Issuance of stock in debt transaction, Value

12,200

'

24,640

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

12,200

'

20

'

44

'

'

'

'

'

'

'

'

'

'

'

'

1,120

1,120

'

'

'

'

22,400

'

'

'

'

'

Issuance of stock for personal guarantee of loan by shareholder, Shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,000,000

'

'

'

'

'

'

Issuance of stock value for personal guarantee of loan by shareholder

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

56,000

'

'

'

'

'

'

Shares issued in connection with promissory note, Shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

250,000

'

250,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Shares issued in connection with promissory note, Value

'

'

5,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

25

'

5,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of stock in connection with promissory note, Shares

'

950,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

950,000

'

'

'

'

950,000

450,000

500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of stock in connection with promissory note, Value

'

3,239,500

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

95

'

'

'

'

3,239,500

10,000

10,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Convertible notes payable discount

'

887,118

4,688

887,118

2,500,000

'

'

'

'

'

'

'

1,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of stock for extension of notes payable, Shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

150,000

'

150,000

'

150,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of stock for extension of notes payable, Value

'

3,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

15

'

3,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of shares related to loan amendment, Shares

'

'

'

'

'

'

'

'

'

'

'

98,855

'

'

'

'

'

70,000

28,885

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of shares related to loan amendment, Value

'

837,998

'

'

'

'

'

'

'

'

'

10

'

'

'

'

'

598,500

239,497

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loss on debt extinguishment

'

-3,388,704

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-210,642

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Initial issuances of stock to founding shareholder, Value

2,510

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,500

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10

'

'

'

'

'

'

'

'

'

Issuance of stock for cash, Value

400,000

90,450

'

'

'

'

'

'

'

'

'

54

'

'

'

'

'

'

'

'

'

50,000

'

'

'

80

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of stock for cash, Shares

'

'

'

'

'

'

'

'

'

'

'

540,436

'

'

'

'

'

'

'

15,000

25,000

500,000

'

'

'

804,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of stock for cash and receivable, Shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

726,400

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of stock for cash and receivable, Value

88,200

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

73

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Purchase Agreement Terms

'

'

'

'

'

'On November 15, 2012, pursuant to a letter agreement (the “Purchase Agreement”) the Company agreed to sell to Sterling Atlantic, LLC (“Sterling”), post Stock-Split, up to 50,000 restricted shares of its common stock and 50,000 warrants to purchase shares of its common stock at an exercise price of $2.50, with a five-year term. Under the Purchase Agreement, if the Company received less than $50,000, the number of shares and warrants to be issued would be reduced proportionately

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from issuance of common stock

$400,000

$90,450

'

'

'

$15,000

$25,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Non-Option Equity Instruments, Granted

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,000,000

20,000

15,000

25,000

100,000

[1]

Issued at $0.07 per share

[2]

Issued at a range of $0.061 to $0.07 per share

Note_9_Stock_Options_and_Warra6

Note 9 - Stock Options and Warrants (Details) (USD $)

7 Months Ended

8 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

Dec. 31, 2011

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Jul. 11, 2013

Dec. 31, 2013

Jul. 11, 2013

Dec. 31, 2013

Jul. 11, 2013

Dec. 31, 2013

Jul. 11, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

1-May-12

Dec. 31, 2012

Aug. 01, 2012

Dec. 31, 2013

Aug. 01, 2012

Gem Global Yield Fund

SAI Geoconsulting Inc

SAI Geoconsulting Inc

SAI Geoconsulting Inc

Warrant

Warrant

Warrant

Warrant

Warrant

Warrant

Warrant

Warrant

Warrant

Gem B Warrant

Gem B Warrant

Partners B Warrant

Partners B Warrant

Gem C Warrant

Gem C Warrant

Partners C Warrant

Partners C Warrant

Additional Warrants

Employee Stock Option

Employee Stock Option

John Linton

John Linton

1-May-12

1-May-12

1-Aug-12

1-Aug-12

23-Jun-13

23-Jun-13

Warrant Issuance One

Warrant Issuance Two

Babcock Affiliates

Babcock Affiliates

Gem Global Yield Fund

SAI Geoconsulting Inc

Agra Capital Advisors, LLC

Note Payable at 6%

Note Payable at 6%

Clouding Loan

Clouding Loan

Gem Global Yield Fund

Gem Global Yield Fund

Gem Global Yield Fund

Gem Global Yield Fund

Gem Global Yield Fund

Gem Global Yield Fund

Gem Global Yield Fund

Gem Global Yield Fund

Gem Global Yield Fund

Warrant

Warrant

Director

Director

Director

Director

Chief Executive Officer

Chief Executive Officer

Options, Granted

'

'

600,000

100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

75,000

'

25,000

'

600,000

'

Fair value of options granted

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$2,973

'

$991

'

$1,935,908

Options, Granted, Weighted Average Exercise Price

'

'

$2.50

$2.50

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$2.50

'

'

'

$2.50

'

Fair Value Assumptions, Method Used

'

'

'

'Black-Scholes option-pricing model

'

'

'Black-Scholes model

'Black-Scholes model

'

'

'Black-Scholes option-pricing model

'

'

'

'

'Black-Scholes option-pricing model

'

'

'

'

'

'

'

'

'

'Black-Scholes option pricing model

'

'

'

'

'

'

'

'

'Black-Scholes model

'

Dividend yield

'

'

'

0.00%

'

'

0.00%

0.00%

'

'

0.00%

'

0.00%

'

'

'

'

0.00%

'

'

'

'

'

'

'

0.00%

'

'

'

'

'

'

'

'

0.00%

'

Expected volatility

'

'

'

214.00%

'

'

214.00%

277.00%

'

'

214.00%

'

'

'

'

'

'

214.00%

'

'

'

'

'

'

'

277.00%

'

'

'

'

'

'

'

'

214.00%

'

Risk-free interest rate

'

'

'

0.39%

'

'

0.85%

1.75%

'

'

0.33%

'

'

'

'

'

'

0.65%

'

'

'

'

'

'

'

1.79%

'

'

'

'

'

'

'

'

0.73%

'

Expected life

'

'

'

'3 years

'

'

'4 years 8 months 1 day

'4 years 18 days

'

'

'3 years

'

'

'

'

'3 years

'

'3 years 4 months 2 days

'

'

'

'

'

'

'

'4 years 6 months 11 days

'

'

'

'

'

'

'

'

'3 years

'

Investment Options, Expiration Date

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

31-Jul-18

'

Option Vesting Terms

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'Commencing on July 31, 2013, 50,000 options will vest at the end of each month, so long as Mr. Oring’s Employment Agreement is still in effect.

'

Weighted average grant date fair value for the options granted

'

'

$3.23

$0.04

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Allocated Share-based Compensation Expense

'

'

'

'

'

'

'

'

'

'

6,298

'

'

'

'

2,743

'

'

'

'

'

'

'

'

'

'

967,954

3,964

'

'

'

'

'

'

'

'

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

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

967,954

'

'

'

'

'

'

'

'

'

Non-Option Equity Instruments, Granted

'

'

'

'

'

'

'

200,000

20,000

'

8,372,000

250,000

'

175,000

'

1,000,000

'

651,500

'

651,500

'

2,335,000

'

2,335,000

'

1,500,000

'

'

100,000

'

'

'

'

'

'

'

Warrants, Exercise Price

'

'

'

'

'

$2.50

'

'

'

$2.50

'

'

'

'

$2.50

'

$3

'

$3

'

$3

'

$5.35

'

$5.35

'

'

'

'

$3

'

'

'

'

'

'

Equity Instruments Other than Options, Vested in Period, Fair Value

'

'

'

'

'

'

167,527

1,595,500

793

'

'

'

'

4,675

'

'

'

4,095,407

'

'

'

'

'

'

'

11,965,068

'

'

2,542

'

'

'

'

'

'

'

Fair Value Assumptions, Expected Volatility Rate

'

'

'

'

'

'

'

'

'

'

'

'

277.00%

'

'

214.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair Value Assumptions, Expected Dividend Rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair Value Assumptions, Risk Free Interest Rate

'

'

'

'

'

'

'

'

'

'

'

'

1.34%

'

'

0.33%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Financing commitment amount

'

'

'

'

400,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Equity Instruments Other than Options, Vested in Period

'

'

'

'

'

'

'

'

'

'

2,399,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amortization of debt issuance costs

'

12,200

2,617,571

195,312

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,671,114

'

'

'

'

'

'

'

'

'

'

Convertible notes payable discount

'

'

$887,118

$4,688

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$6,293,953

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Exit Fee

'

'

'

'

'The Company further agreed to pay to GEM a Structuring Fee equal to $4 million, which must be paid on the 18 month anniversary of July 11, 2013 regardless of whether the Company has drawn down from the Commitment at that time. At the Company’s election, the Company may elect to pay the structuring fee in common stock of the Company at a per share price equal to ninety percent of the average closing trading price of the Company’s common stock for the thirty-day period immediately prior to the 18 month anniversary of July 11, 2013.

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Warrant Vesting Terms

'

'

'

'

'

'So long as the Stock Split has been effectuated, 50,000 warrants vest annually every January 21st, commencing on January 21, 2013 and ending January 21, 2017

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair Value Assumptions, Expected Term

'

'

'

'

'

'

'

'

'

'

'

'

'4 years 8 months 23 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Note_9_Stock_Options_and_Warra7

Note 9 - Stock Options and Warrants: Summary of the option activity (Details) (USD $)	7 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012
Details	'	'	'	'
Options, Outstanding	'	0	100,000	'
Options, Outstanding, Weighted Average Exercise Price	'	$0	$2.50	'
Options, Outstanding, Weighted Average Remaining Contractual Term	'	'0 years	'4 years 1 month 24 days	'2 years 6 months 29 days
Options, Outstanding Intrinsic Value	'	$0	'	'
Options, Granted	'	'	600,000	100,000
Options, Granted, Weighted Average Exercise Price	'	'	$2.50	$2.50
Options, Exercised	'	'	'	'
Options, Exercised Weighted Average Exercise Price	'	'	'	'
Options, Forfeited/Canceled	'	'	'	'
Options, Forfeited/Canceled Weighted Average Exercise Price	'	'	'	'
Options, Outstanding	'	'	700,000	100,000
Options, Outstanding, Weighted Average Exercise Price	'	'	$2.50	$2.50
Options, Outstanding	'	'	700,000	100,000
Options, Outstanding Intrinsic Value	'	'	3,850,000	'
Options, Exercisable	'	'	250,000	'
Options, Exercisable Weighted Average Exercise Price	'	'	$2.50	'
Options, Exercisable Weighted Average Remaining Contractual Term	'	'	'3 years 4 months 17 days	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value	'	'	$1,375,000	'

Note_9_Stock_Options_and_Warra8

Note 9 - Stock Options and Warrants: Summary of Options outstanding (Details) (USD $)	8 Months Ended	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	1-May-11
Outstanding, Number of Shares	'	700,000	100,000	0
Outstanding, Weighted Average Remaining Life (Years)	'0 years	'4 years 1 month 24 days	'2 years 6 months 29 days	'
Outstanding, Weighted Average Exercise Price	'	$2.50	$2.50	$0

Note_9_Stock_Options_and_Warra9

Note 9 - Stock Options and Warrants: Summary of warrant activity (Details) (USD $)	8 Months Ended	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012
Warrants, Outstanding	0	9,668,000	'
Warrants, Outstanding, Weighted Average Exercise Price	$0	'	'
Warrants, Weighted Average Remaining Contractual Life	'0 years	'2 years 4 months 10 days	'
Warrants, Granted	'	1,890,000	9,668,000
Warrants, Granted Weighted Average Exercise Price	'	$7.18	$4
Warrants, Exercised	'	'	'
Warrants, Exercised Weighted Average Exercise Price	'	'	'
Warrants, Forfeited	'	'	'
Warrants, Forfeited Weighted Average Exercise Price	'	'	'
Warrants, Outstanding	'	11,558,000	9,668,000
Warrants, Outstanding, Weighted Average Exercise Price	'	$4.50	'
Warrants, Outstanding Intrinsic Value	'	$40,658,000	'
Warrants, Exercisable	'	5,188,000	'
Warrants, Exercisable Weighted Average Exercise Price	'	$2.74	'
Warrants, Exercisable Weighted Average Contractual Term	'	'2 years 1 month 10 days	'
Warrants, Exercisable Aggregate Intrinsic Value	'	$27,182,500	'
Warrant	'	'	'
Warrants, Forfeited	'	'	'

Recovered_Sheet1

Note 9 - Stock Options and Warrants: Summary of warrants outstanding and exercisable (Details) (USD $)

8 Months Ended

12 Months Ended

0 Months Ended

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Warrants

Warrants

Warrants

Warrants

Warrants

Warrants

Warrants

Warrants

Warrants

Warrants

2.5

2.5

3

3

4

4

5.35

8.08

Weighted Average Remaining Contractual Life

'0 years

'2 years 4 months 10 days

'

'

'2 years

'1 year 10 months 6 days

'2 years 4 months 28 days

'2 years 4 months 28 days

'4 years 6 months 29 days

'4 years 6 months 29 days

'1 year 10 months 13 days

'4 years 6 months 11 days

Weighted Average Exercise Price ($)

'

'

'

'

$2.50

$2.50

$3

$3

$4

$4

$5.35

$8.08

Number of Shares

'

'

11,558,000

5,188,000

2,885,000

2,685,000

2,403,000

2,403,000

100,000

100,000

4,670,000

1,500,000

Note_10_Commitments_and_Contin2

Note 10 - Commitments and Contingencies (Details) (USD $)	8 Months Ended	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012
Office Lease, Description	'	'	'The lease term is from December 27, 2012 to April 30, 2017. The Company agreed to pay rent as follows: (i) for the period of time from December 27, 2012 to December 31, 2012, rent of $2,446; (ii) commencing January 1, 2013 through December 31, 2013, monthly rent of $15,166; (iii) commencing January 1, 2014 through December 31, 2014, monthly rent of $15,635; (iv) commencing January 1, 2015 through December 31, 2015, monthly rent of $16,104; (v) commencing January 1, 2016 through December 31, 2016, monthly rent of $16,573; and (vi) commencing January 1, 2014 through April 30, 2017, monthly rent of $17,073. So long as Eos is not in default under the Office Lease, Eos shall be entitled to an abatement of rent in the amount of $15,166 per month for four full calendar months commencing February 1, 2013.
Security Deposit	'	'	$102,441
Operating Leases, Rent Expense, Net	42,500	177,545	48,000
TEHI Illinois LLC	'	'	'
Revenue interest percent	'	80.00%	'
Percentage Of Working Capital Interest	'	100.00%	'
Gas and Oil Property Repairs and Maintenance Cost Per Month	'	300	'
BA Securities	'	'	'
Shares to be issued pursuant to agreement	'	500,000	'
Shares to be issued pursuant to agreement, value	'	1,250,000	'
AGRA Capital LLC	'	'	'
Payments for Fees	'	$150,000	'
Class of Warrant, Outstanding	'	100,000	'

Note_10_Commitments_and_Contin3

Note 10 - Commitments and Contingencies: Schedule of Future Minimum Rental Payments for Operating Leases (Details) (USD $)	Dec. 31, 2013
Details	'
2014	$187,620
2015	193,248
2016	198,876
2017	68,876
Operating leases, future minimum payments due	$648,620

Note_11_Income_Taxes_Schedule_3

Note 11 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Deferred Tax Assets	'	'
Net Operating Loss Carryforwards	$1,941,839	$903,232
Deferred Compensation	23,901	11,353
Accrued expenses	179,094	154,660
Stock Based Compensation	181,247	181,247
Valuation Allowance	-2,326,081	-1,250,492
Net Deferred Tax Asset	'	'

Note_11_Income_Taxes_Schedule_4

Note 11 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Details)	8 Months Ended	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012
Details	'	'	'
Statutory federal income tax rate	-34.00%	-34.00%	-34.00%
State income taxes, net of federal taxes	-6.00%	-6.00%	-6.00%
Non-includable items	1.00%	21.00%	7.00%
Increase in Valuation Allowance	39.00%	19.00%	33.00%
Effective income tax rate	'	'	'

Note_11_Income_Taxes_Schedule_5

Note 11 - Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Details) (USD $)	8 Months Ended	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012
Details	'	'	'
Current federal income tax	'	'	'
Current state income tax	'	'	'
Deferred taxes	-554,488	-1,075,587	-696,004
Valuation Allowance	554,488	1,075,587	696,004
Income Tax Expense (Benefit), Total	'	'	'

Note_11_Income_Taxes_Details

Note 11 - Income Taxes (Details) (USD $)	12 Months Ended
	Dec. 31, 2013
Operating Loss Carryforwards	4,784,195
Oil and Gas Properties | Minimum	'
Operating Loss Carryforwards, Expiration Date	31-Dec-31

Note_12_Subsequent_Events_Deta

Note 12- Subsequent Events (Details) (USD $)

8 Months Ended

12 Months Ended

1 Months Ended

6 Months Ended

3 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

12 Months Ended

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Dec. 31, 2013

Jun. 30, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Jan. 09, 2014

Jan. 31, 2014

Jan. 31, 2014

Dec. 31, 2013

Common Stock

Hahn Engineering Inc

Hahn Engineering Inc

Note Payable at 24%

Note Payable at 24%

Note Payable at 5%

Subsequent Event

Subsequent Event

Subsequent Event

Subsequent Event

Subsequent Event

Subsequent Event

Common Stock

Common Stock

DVIBRI, LLC

Hahn Engineering Inc

Note Payable at 24%

Note Payable at 24%

Note Payable at 5%

Note Payable at 5%

Common Stock

Common Stock

Repayment of short term notes payable

$50,000

$500,000

$41,600

'

'

'

$75,000

$25,000

$200,000

'

'

'

$75,000

$130,000

$130,000

Issuance of stock for satisfaction of liabilities, Shares

'

'

'

'

'

'

'

'

'

'

'

66,000

'

'

70,000

Issuance of stock for services, Shares

'

'

'

113,000

1,000

13,000

'

'

'

20,000

6,000

'

'

'

'

Note_13_Selected_Quarterly_Dat2

Note 13 - Selected Quarterly Data (unaudited): Schedule of Quarterly Financial Information (Details) (USD $)	3 Months Ended								8 Months Ended	12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012
Details	'	'	'	'	'	'	'	'	'	'	'
Revenues	$126,831	$248,820	$196,776	$23,978	($7,549)	$65,605	'	$16,474	'	$596,405	$74,530
Gross Profit	105,557	74,852	48,347	-33,993	64,672	-4,988	-121,406	-36,000	'	194,763	-97,722
Loss from operations	-5,982,800	-7,873,270	-828,221	-670,928	-264,649	-540,427	-376,477	-170,446	-1,570,450	-15,355,219	-1,351,999
Net loss	($14,926,371)	($8,764,170)	($2,694,086)	($732,016)	($378,951)	($598,578)	($646,761)	($299,238)	($1,627,348)	($27,116,643)	($1,923,528)
Net loss per share attributed to common stockholders - basic and diluted	($0.33)	($0.19)	($0.06)	($0.01)	($0.01)	($0.01)	($0.02)	($0.01)	($0.05)	($0.59)	($0.05)

Note_14_Supplemental_Informati5

Note 14 - Supplemental Information Relating To Oil and Gas Producing Activities (unaudited): Estimated Proved Developed and Undeveloped Reserves (Details)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
	bbl	bbl	bbl
Details	'	'	'
Proved Developed Reserves	41,453	33,912	'
Proved Undeveloped Reserve	180,960	55,142	'
Total proved reserves	222,413	89,054	69,090

Note_14_Supplemental_Informati6

Note 14 - Supplemental Information Relating To Oil and Gas Producing Activities (unaudited): Schedule of Proved Developed and Undeveloped Oil and Gas Reserve Quantities (Details)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
	bbl	bbl
Details	'	'
Balance, beginning of the year	89,054	69,090
Purchase of reserves in place	'	'
Revision of previous estimates	139,831	20,863
Production	'	-899
Net change	222,413	89,054

Note_14_Supplemental_Informati7

Note 14 - Supplemental Information Relating To Oil and Gas Producing Activities (unaudited) (Details) (Oil and Gas Properties)	12 Months Ended
	Dec. 31, 2013
Oil and Gas Properties	'
Percent of discount for estimating proven oil and gas reserves	10.00%

Note_14_Supplemental_Informati8

Note 14 - Supplemental Information Relating To Oil and Gas Producing Activities (unaudited): Schedule of Changes in Standardized Measure of Discounted Future Net Cash Flows (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Details	'	'
Future cash inflows	$19,999,359	$7,728,962
Future production and development costs	-5,479,000	-2,802,100
Future income taxes	-3,894,466	-1,063,757
Future net cash flows	10,625,893	3,863,105
Discount of future net cash flows at 10% per annum	-4,058,069	-1,231,826
Standardized measure of discounted future net cash flows	$6,567,824	$2,631,279

Note_14_Supplemental_Informati9

Note 14 - Supplemental Information Relating To Oil and Gas Producing Activities (unaudited): Standardized Measure of Discounted Future Cash Flows Relating to Proved Oil and Gas Reserves (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Details	'	'
Beginning of the year	$2,631,279	$1,949,660
Sales and Transfers of Oil and Gas Produced, Net of Production Costs	-194,763	97,722
Revisions of Previous Quantity Estimates	4,131,308	583,897
Net change	$6,567,824	$2,631,279