Eos Petro (EOPT) 10-K/A 14 Apr 15 2014 FY Annual report (amended) Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2014	Mar. 30, 2015	Jun. 30, 2014
Document and Entity Information:
Entity Registrant Name	Eos Petro, Inc.
Document Type	10-K
Document Period End Date	31-Dec-14
Amendment Flag	FALSE
Entity Central Index Key	1419583
Current Fiscal Year End Date	-19
Entity Common Stock, Shares Outstanding		47,743,882
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Entity Public Float			$197,802,948
Trading Symbol	EOPT

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2014	Dec. 31, 2013
Current assets
Cash	$133,210	$21,951
Other current assets	42,959	21,029
Total current assets	176,169	42,980
Oil and gas properties using the full cost method of accounting, net of accumulated depletion of $128,433 and $62,053, respectively	1,121,175	1,187,555
Other property plant and equipment, net of accumulated depreciation of $18,743 and $8,603, respectively	11,257	21,397
Long-term deposits	102,441	102,441
Total assets	1,411,042	1,354,373
Current liabilities
Accounts payable	148,888	148,888
Accrued expenses	1,149,956	1,169,644
Amounts due shareholder	0	164,610
LowCal convertible and promissory notes payable, net of discount of $0 and $887,118, respectively	8,250,000	2,612,882
Notes payable	1,273,000	1,108,380
Convertible notes payable		250,000
Derivative liabilities	11,039,552
Total current liabilities	21,861,396	5,454,404
Asset retirement obligation	84,102	76,457
Total liabilities	21,945,498	5,530,861
Commitments and contingencies
Stockholders' deficit
Series B Preferred stock: $0.0001 par value; 44,000,000 shares authorized, none issued and outstanding
Common stock; $0.0001 par value; 300,000,000 shares authorized 47,738,882 and 46,628,882 shares issued and outstanding	4,774	4,663
Additional paid-in capital	89,077,781	23,231,954
Shares of common stock to be issued - Nil and 400,000		3,370,000
Stock subscription receivable	-88,200	-88,200
Accumulated deficit	-109,528,811	-30,694,905
Total stockholders' deficit	-20,534,456	-4,176,488
Total liabilities and stockholders' deficit	$1,411,042	$1,354,373

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Accumulated Depletion	$128,433	$62,053
Accumulated Depreciation	18,743	8,603
Common Stock, Par Value	$0.00	$0.00
Common Stock, Shares Authorized	300,000,000	300,000,000
Common Stock, Shares Issued	47,732,882	46,628,882
Common Stock, Shares Outstanding	47,732,882	46,628,882
Convertible notes payable discount	$0	$887,118
Common stock to be issued, shares	0	400,000
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	0
Preferred Stock, Shares Outstanding	0	0

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Revenues
Oil and gas sales	$760,452	$596,405	$74,530
Costs and expenses
Lease operating expense	427,076	401,642	172,252
General and administrative	30,541,198	15,549,982	1,254,277
Total costs and expenses	30,968,274	15,951,624	1,426,529
Loss from operations	-30,207,822	-15,355,219	-1,351,999
Other income (expense)
Interest and finance costs	-23,834,276	-8,372,720	-514,144
Change in fair value of derivative liabilities	15,224,507
Loss on debt extinguishment	-40,016,315	-3,388,704
Reverse merger costs			-57,385
Total other income (expense)	-48,626,084	-11,761,424	-571,529
Net loss	-78,833,906	-27,116,643	-1,923,528
Preferred stock dividends			-15,978
Net loss attributed to common stockholders	($78,833,906)	($27,116,643)	($1,939,506)
Net loss per share attributed to common stockholders - basic and diluted	($1.68)	($0.59)	($0.05)
Weighted average common shares outstanding basic and diluted	47,050,948	45,622,352	38,149,900

Consolidated_Statement_of_Stoc

Consolidated Statement of Stockholders' Deficit (USD $)		Series B Preferred Stock		Common Stock		Additional Paid-in Capital	Shares of Common Stock to be Issued	Stock Subscription Receivable	Accumulated Deficit	Total
Stockholders' Equity, beginning of period, Value at Dec. 31, 2011		$3,586				$1,140,293		($88,200)	($1,638,756)	($583,077)
Stockholders' Equity, beginning of period, Shares at Dec. 31, 2011		35,860,044
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
Issuance of stock in debt transactions, Value		44				24,596				24,640
Issuance of stock in debt transactions, Shares		440,000
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
Accrued dividends on preferred stock									-15,978	-15,978
Net loss									-1,923,528	-1,923,528
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		3	[1]	61	[2]	1,909,248				1,909,309
Issuance of stock for services, Shares		25,000	[1]	613,000	[2]
Fair value of share based compensation						967,954				967,954
Issuance of 98,855 shares related to loan amendments, Value				10		837,988				837,998
Issuance of 98,855 shares related to loan amendments, Shares				98,855
Beneficial conversion feature related to debt modification						2,579,562				2,579,562
Beneficial conversion feature 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				853,548
Shares issued for accrued dividends, Value				1		55,458				55,459
Shares issued for accrued dividends, Shares				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 common stock for cash, Value				54		90,396				90,450
Issuance of common stock for cash, Shares				540,436
Shares issued in connection with promissory note, Value		95	[3]			3,239,405				3,239,500
Shares issued in connection with promissory note, Shares	[3]	950,000
Issuance of Series B preferred stock for extension of notes payable, Value		15				2,985				3,000
Issuance of Series B preferred stock for extension of notes payable, Shares		150,000
Net loss									-27,116,643	-27,116,643
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
Issuance of stock for services, Value				4	[2]	601,115				601,119
Issuance of stock for services, Shares	[2]			44,000
Issuance of common stock related to debt extinguishment, Value				7		692,994				693,001
Issuance of common stock related to debt extinguishment, Shares				66,000
Fair value of share based compensation						5,443,458				5,443,458
Beneficial conversion feature related to issuance of convertible debt						12,750,000				12,750,000
Fair value of warrants issued in connection with convertible note						7,293,170				7,293,170
Fair value of shares issued in connection with convertible note, Value				100		10,973,900	-3,370,000			7,604,000
Fair value of shares issued in connection with convertible note, Shares				1,000,000
Fair value of warrants issued in connection with extension of notes payable						3,212,283				3,212,283
Fair value of warrants issued for financing costs						2,766,716				2,766,716
Fair value of warrants issued for consulting services						22,112,191				22,112,191
Net loss									-78,833,906	-78,833,906
Stockholders' Equity, end of period, Value at Dec. 31, 2014				$4,774		$89,077,781		($88,200)	($109,528,811)	($20,534,456)
Stockholders' Equity, end of period, Shares at Dec. 31, 2014				47,738,882
[1]	Issuance of Series B preferred stock for consulting services
[2]	Issuance of common stock for consulting services
[3]	Issuance of Series B preferred stock in connection with promissory note

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Statement of Cash Flows
Net loss	($78,833,906)	($27,116,643)	($1,923,528)
Adjustments to reconcile net loss to net cash used in operating activities:
Depletion	66,380	40,645	21,408
Depreciation	10,140	7,106	1,497
Accretion of asset retirement obligation	7,645	6,951	4,254
Amortization of debt issuance costs	2,387,118	2,617,571	195,312
Non-cash finance costs	20,876,170	5,406,533
Loss on debt extinguishment	40,016,315	3,388,704
Fair value of stock issued for services	601,119	1,909,809	31,800
Fair value of stock issued in debt transaction		3,000	30,108
Fair value of warrants issued for consulting services	22,112,191	10,314,767	11,687
Fair value of stock issued for loan guaranty by related party			56,000
Fair value of share-based compensation	5,443,458	967,954	3,964
Reverse merger costs			57,385
Change in fair value of derivative liabilities	-15,224,507
Change in operating assets and liabilities:
Deposits and other current assets	-21,930	-3,741	-4,966
Accounts payable		-61,680	-217,052
Accrued expenses	587,676	610,022	503,281
Amounts due shareholder	-164,610	27,610	-102,441
Net cash used in operating activities	-2,136,741	-1,881,392	-1,331,291
Cash flows from investing activities:
Purchase of other fixed assets		-19,000	-11,000
Capital expenditures on oil and gas properties		-1,022,500	-10,000
Net cash used in investing activities		-1,041,500	-21,000
Cash flows from financing activities:
Proceeds from issuance of common stock for cash		90,450
Proceeds from (repayment to) related party		-39,000	136,402
Proceeds from issuance of notes payable	523,000		1,250,000
Repayment of notes payable		-500,000	-41,600
Purchase of stock pursuant to reverse stock split	-275,000	-4,118
Repayment of convertible notes	-250,000
Debt issuance costs		-150,000	-195,000
Proceeds from issuance of LowCal convertible and promissory notes	2,250,000	3,500,000	250,000
Net cash provided by financing activities	2,248,000	2,897,332	1,399,802
NET INCREASE IN CASH AND CASH EQUIVALENTS	111,259	-25,560	47,511
CASH AND CASH EQUIVALENTS, beginning of period	21,951	47,511
CASH AND CASH EQUIVALENTS, end of period	133,210	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:
Accrued dividends on preferred stock			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		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		55,549
Conversion of Series B Preferred stock to common stock		4,528
Issued 66,000 shares of common stock for extinguishment of debt	53,380
Fair value of shares of beneficial conversion feature recognized as debt discount	$1,500,000

Note_1_Organization

Note 1 - Organization	12 Months Ended
	Dec. 31, 2014
Notes
Note 1 - Organization	NOTE 1 - ORGANIZATION
	Organization and Business
	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.
	Upon completion of the Merger, the former stockholders of Eos owned approximately 93% of the then outstanding shares of Company 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 consolidated 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.
	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 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. 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 Company has two wholly-owned subsidiaries, Eos and Eos Merger Sub, Inc., a Delaware corporation (“Eos Delaware”), which was formed for a potential merger with Dune Energy, Inc. following successful completion of the Company’s tender offer for all outstanding shares of Dune Energy, Inc., discussed further below. 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 one of our Ghanaian-based third party consultants. Plethora Energy also owns 90% of Plethora Bay Oil & Gas Ltd., a Ghanaian corporation (“PBOG”), which is also 10% owned by the same Ghanaian-based consultant.  Eos, Eos Delaware, PBOG, Plethora Energy and EAOG are collectively referred to as the Company’s “Subsidiaries.”
	Business
	We are in the business of acquiring, exploring and developing oil and gas-related assets. We formerly marketed the Safe Cell Tab product line, which consists of products designed to protect users against the potentially harmful and damaging effects of electromagnetic radiation emitted from electrical devices.  That segment of our business was discontinued in 2013.  We have abandoned the assets after settling Safe Cell Tab related liabilities.

Note_2_Summary_of_Significant_

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Notes
Note 2 - Summary of Significant Accounting Policies	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Principles of Consolidation
	The consolidated financial statements include the accounts of our wholly owned and majority owned 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,
		2014	2013	2012
	Options	1,300,000	700,000	100,000
	Warrants	14,577,992	11,458,000	9,668,000
	Convertible notes	2,000,000	975,000	100,000
	Total	17,877,992	13,133,000	9,868,000
	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.
	Capitalized oil and gas property costs within a cost center are amortized on an equivalent unit-of-production method, The equivalent unit-of-production rate is computed on a quarterly basis by dividing production by proved oil and gas reserves at the beginning of the quarter then applying such amount to capitalized oil and gas property costs, which includes estimated asset retirement costs, less accumulated amortization, plus the estimated future expenditures (based on current costs) to be incurred in developing proved reserves, net of estimated salvage values. Average depreciation, depletion and amortization (“DD&A”) per BOE was $4.79, $5.34, and $2.05 for the years ended December 31, 2014, 2013 and 2012, respectively.
	Full Cost Ceiling Test
	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. If the net capitalized costs exceed the cost center ceiling, the excess is recognized as an impairment of oil and gas properties. An impairment recognized in one period may not be reversed in a subsequent period even if higher oil and gas prices increase the cost center ceiling applicable to the subsequent period.
	The estimated future net revenues used in the ceiling test are calculated using average quoted market prices for sales of oil and gas on the first calendar day of each month during the preceding 12-month period prior to the end of the current reporting period. Prices are held constant indefinitely and are not changed except where different prices are fixed and determinable from applicable contracts for the remaining term of those contracts. Prices used in the ceiling test computation do not include the impact of derivative instruments because the Company elected not to meet the criteria to qualify its derivative instruments for hedge accounting treatment.
	The Company assesses oil and gas properties at least quarterly 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, 2014, the Company has not experienced any impairment of its capitalized oil and gas properties.
	The Company recorded depletion expense of $66,380, $40,645 and $21,408 for the years ended December 31, 2014, 2013 and 2012, respectively.
	Proceeds from the sale of oil and gas properties are recognized as a reduction of capitalized oil and gas property costs with no gain or loss recognized, unless the sale significantly alters the relationship between capitalized costs and proved reserves of oil and gas attributable to a cost center. Through December 31, 2014, the Company has not had any sales of oil and gas properties that significantly alter that relationship.
	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, 2014 and 2013, the Company had an ARO of $84,102 and $76,457, 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.
	The Company uses Level 2 inputs for its valuation methodology for the warrant derivative liabilities as their fair values were determined by using a weighted average Black-Scholes-Merton pricing model based on various assumptions. The Company’s derivative liabilities are adjusted to reflect fair value at each period end, with any increase or decrease in the fair value being recorded in results of operations as adjustments to fair value of derivatives.
	At December 31, 2014, the Company identified the following liabilities that are required to be presented on the balance sheet at fair value:
		Fair Value	Fair Value Measurements at
		As of	31-Dec-14
	Description	31-Dec-14	Using Fair Value Hierarchy
			Level 1	Level 2	Level 3
	Warrant derivative liabilities	$11,039,552	-	11,039,552	-
	Total	$11,039,552	-	11,039,552	-
	The Company 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, 2014, 2013 and 2012.  The Company’s oil and gas properties 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 were less than 1% of total assets and its safe cell tab revenue was less than 1% of total revenue for. 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
	In May 2014, the (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers, which provides a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and will supersede most current revenue recognition guidance. The standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. ASU 2014-09 will be effective for the Company in the first quarter of its fiscal year ending June 30, 2018. The Company is currently in the process of evaluating the impact of adoption of this ASU on its consolidated financial statements.
	In June 2014, the FASB issued Accounting Standards Update No. 2014-12, Compensation — Stock Compensation (Topic 718), Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (a consensus of the FASB Emerging Issues Task Force) (ASU 2014-12). The guidance applies to all reporting entities that grant their employees share-based payments in which the terms of the award provide that a performance target that affects vesting could be achieved after the requisite service period. The amendments require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. For all entities, the amendments in this Update are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. The effective date is the same for both public business entities and all other entities. The Company is currently evaluating the impact of adopting ASU 2014-12 on the Company’s results of operations or financial condition.
	In August 2014, the FASB issued Accounting Standards Update No. 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40), Disclosure of Uncertainties about an Entities Ability to Continue as a Going Concern(ASU 2014-15). The guidance in ASU 2014-15 sets forth management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern as well as required disclosures. ASU 2014-15 indicates that, when preparing financial statements for interim and annual financial statements, management should evaluate whether conditions or events, in the aggregate, raise substantial doubt about the entity’s ability to continue as a going concern for one year from the date the financial statements are issued or are available to be issued. This evaluation should include consideration of conditions and events that are either known or are reasonably knowable at the date the financial statements are issued or are available to be issued, as well as whether it is probable that management’s plans to address the substantial doubt will be implemented and, if so, whether it is probable that the plans will alleviate the substantial doubt. ASU 2014-15 is effective for annual periods ending after December 15, 2016, and interim periods and annual periods thereafter. Early application is permitted. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements.
	In November 2014, the FASB issued Accounting Standards Update (ASU) No. 2014-16, Determining Whether the Host Contract in a Hybrid Financial Instrument Issued in the Form of a Share Is More Akin to Debt or to Equity.  The amendments in this ASU do not change the current criteria in U.S. GAAP for determining when separation of certain embedded derivative features in a hybrid financial instrument is required.  The amendments clarify that an entity should consider all relevant terms and features, including the embedded derivative feature being evaluated for bifurcation, in evaluating the nature of the host contract.  The ASU applies to all entities that are issuers of, or investors in, hybrid financial instruments that are issued in the form of a share and is effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015.  Early adoption is permitted.   The Company is currently evaluating the impact the adoption of ASU 2014-16 on the Company’s financial statement presentation and disclosures.
	In January 2015, the FASB issued Accounting Standards Update (ASU) No. 2015-01 (Subtopic 225-20) - Income Statement - Extraordinary and Unusual Items.  ASU 2015-01 eliminates the concept of an extraordinary item from GAAP.  As a result, an entity will no longer be required to segregate extraordinary items from the results of ordinary operations, to separately present an extraordinary item on its income statement, net of tax, after income from continuing operations or to disclose income taxes and earnings-per-share data applicable to an extraordinary item.  However, ASU 2015-01 will still retain the presentation and disclosure guidance for items that are unusual in nature and occur infrequently.  ASU 2015-01 is effective for periods beginning after December 15, 2015.  The adoption of ASU 2015-01 is not expected to have a material effect on the Company’s consolidated financial statements.  Early adoption is permitted.
	In February, 2015, the FASB issued Accounting Standards Update (ASU) No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis.  ASU 2015-02 provides guidance on the consolidation evaluation for reporting organizations that are required to evaluate whether they should consolidate certain legal entities such as limited partnerships, limited liability corporations, and securitization structures (collateralized debt obligations, collateralized loan obligations, and mortgage-backed security transactions).  ASU 2015-02 is effective for periods beginning after December 15, 2015.  The adoption of ASU 2015-02 is not expected to have a material effect on the Company’s consolidated financial statements.  Early adoption is permitted.
	Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company's present or future financial statements.

Note_3_Going_Concern

Note 3 - Going Concern	12 Months Ended
	Dec. 31, 2014
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, 2014, the Company had a stockholders’ deficit of $20,534,456, and for the year ended December 31, 2014, reported a net loss of $78,833,906 and had negative cash flows from operating activities of $2,136,741.   Furthermore, $350,000 of notes payable were in default. In addition, subsequent to December 31, 2014 the Company may have become obligated to a $5.5 million termination fee due under the Dune Acquisition Agreement (see Note 14) and $4 million that may be due under a structuring fee with a warrant holder (see Note 11).  Management estimates the Company’s capital requirements for the next twelve months, including drilling and completing wells for the Works Property and possible acquisitions, will total approximately $2,500,000. 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 December 31, 2014 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. Any debt financing or other financing of securities senior to common stock that the Company is able to obtain will likely include financial and other covenants that will restrict the Company’s flexibility. At a minimum, the Company expects these covenants to include restrictions on its ability to pay dividends on its common stock in the case of debt financing, or cause substantial dilution for stockholders in the case of convertible debt and equity financing. Any failure to comply with these covenants would have a material adverse effect on the Company’s business, prospects, financial condition, results of operations and cash flows. 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_LowCal_Convertible_and_

Note 4 - LowCal Convertible and Promissory Notes Payable	12 Months Ended
	Dec. 31, 2014
Notes
Note 4 - LowCal Convertible and Promissory Notes Payable	NOTE 4 – LOWCAL CONVERTIBLE AND PROMISSORY NOTES PAYABLE
		December 31,
		2014	2013
	LowCal Convertible Note	$5,000,000	$3,500,000
	Unamortized discount	-	-887,118
	Subtotal	5,000,000	2,612,882
	LowCal Promissory Note	3,250,000	-
	Total	$8,250,000	$2,612,882
	On February 8, 2013, and subsequently amended, the Company and Eos entered into s: (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”). At LowCal’s option, LowCal could 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. (Subsequently amended to $4 and then $2.50 per share - see below).  The principal and all interest on the LowCal Loans was initially due  on or before December 31, 2013 , but after various amendments, is now currently due on June 30, 2015 (see below).
	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.
	In conjunction with the issuance of the first tranche of the LowCal Note of $2,500,000, the Company also issued 950,000 shares of the Company’s common stock valued at $3,239,500. The Company recognized $2,500,000 of this amount as debt discount and the excess amount of the total fair value of the common shares issued over the recognized debt discount of $739,500 was accounted for as a finance cost on the Company's statement of operations for year ended December 31, 2013.  The debt discount recognized of $2,500,000 was fully amortized to interest expense by December 31, 2013.
	On November 6, 2013, the Company, Eos, LowCal and certain affiliates of LowCal entered into a second amendment to the Loan Agreements. Pursuant to the amended Loan Agreements, the total amount of the LowCal Loan was increased from $2,500,000 to $5,000,000 and the conversion price was changed from $5 to $4. The Company received proceeds in the aggregate amount of $1,000,000 pursuant to second tranche of the LowCal Note.   As of December 31, 2013, total principal balance of the LowCal Note was $3,500,000.
	In conjunction with the receipt of the $1,000,000 funding in 2013, the Company granted LowCal 400,000 shares of its common stock valued at $3,370,000.  The Company also determined that since the market prices (ranging from $8.30 to $8.55) of the Company’s common stock was in excess of the then $4.0 conversion price per share, a beneficial conversion feature of $1,106,250 existed upon issuance.  To account for the total of these costs of $4,476,250, the Company recorded a valuation discount of $1,000,000 upon issuance, which was subsequently amortized over the life of the LowCal Note, based on the then maturity date on December 31, 2014.  The incremental cost of $3,476,250 was recorded as a financing cost during the year ended December 31, 2013.  The amendment of the conversion price per share from $5.00 to $4.00 per share also resulted in a modification cost of $2,579,562 in 2013 relating to the original principal balance of $2,500,000 received in the first tranche.
	Between the months of January 2014 through June 2014, the Company received the remaining funding of $1,500,000 pursuant to the second amendment of the LowCal Note.  As such, on June 2014, the amended principal balance of the LowCal Note of $5,000,000 was fully funded. As part of this financing, the Company issued 600,000 shares of its common stock as a financing cost with a fair value of $7,604,000. In addition, as the $4 per share conversion price for the $1,500,000 LowCal additional funding was below the market price of the Company’s common shares at the date of issuance, a beneficial conversion feature of $1,500,000 was created 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, the Company considered the $7,604,000 fair value of the 600,000 LowCal Shares to be a financing cost. To account for these costs, the Company recorded a valuation discount of $1,500,000 upon issuance, and the incremental cost of $9,356,500 over the face amount of the note was recorded as a financing cost during the year ended December 31, 2014. The Company fully amortized the valuation discount to interest expense as of December 31, 2014.
	On May 13, 2014, the Company entered into a third amendment to the LowCal Note, pursuant to which, among others, the conversion price of the LowCal Note was further reduced from its then conversion price of $4.0 per share to $2.50 per share, and the maturity date was extended to December 31, 2014.  The reduction in the conversion price resulted in a modification cost of   $11,250,000 pursuant to the provisions of ASC Topic 470-50, Accounting for Modification (or Exchange) of Convertible Debt Instruments (“ASC 470-50”).  The modification cost was calculated as the intrinsic value relating to the fair value of the additional shares to be issued as a result of the modification and was recorded as a finance cost during the year ended December 31, 2014.  Also, pursuant to the terms of the third amendment to the LowCal Note, the Company also granted LowCal a warrant to purchase 500,000 shares of the Company’s common stock at an exercise price of $4.0 per share, expiring on June 30, 2017.  The Company calculated the fair value of these warrants at grant date using the Black Scholes option pricing model and determined the fair value to be $7,293,171.  The Company recognized this amount as finance cost on the Company’s statement of operations for the year ended December 31, 2014.
	On January 13, 2015, the Company entered into a 5th amendment (the “Amendment”) with LowCal Industries, LLC and certain of their affiliates to a secured convertible promissory note in the principal amount of $5,000,000.  As part of the Amendment, the Company and LowCal entered into the following: (i) an amended and restated First Note (the “Amended First Note”); and (ii) an unsecured promissory note in the principal amount of $3,250,000.
	Pursuant to the fifth agreement,
	·           LowCal forgave approximately $667,000 of accrued interest and eliminate all interest going forward
	·           Advanced $750,000 to the Company
	·           Remove the exit fee
	·           Extend the maturity date to June 30, 2015
	As the 5th Amendment reflected the culmination and documenting of transactions that occurred and were agreed to in 2014, the Company recorded a loss on debt extinguishment related to the fifth amendment of $1,832,576 in the accompanying statement of operations for the year ended December 31, 2014.
	During the years ended December 31, 2014, 2013 and 2012, the Company amortized $2,387,118,  $2,617,571, and $195,312, respectively, of the LowCal loan discount which was recorded to interest and finance costs.

Note_5_Notes_Payable

Note 5 - Notes Payable	12 Months Ended
	Dec. 31, 2014
Notes
Note 5 - Notes Payable	NOTE 5 - NOTES PAYABLE
		December 31,
		2014	2013
	Note payable at 24% (1)	-	$128,380
	Secured note payable, at 18% (2)	600,000	600,000
	Note payable, at 6% (3)	250,000	250,000
	Note payable, at 5%, (4)	-	130,000
	Note payable, at 2%, (5)	100,000	-
	Note payable at 4%, (6)	323,000	-
	Total	$1,273,000	$1,108,380
	(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 January 9, 2014, 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.
	As of December 31, 2013, the Company owed $128,380.  During 2014, the Company settled the loan by paying $75,000 and issuing 66,000 shares of the Company’s common stock.  The fair value of the 66,000 shares was $693,001.  The Company recorded a loss on debt extinguishment of $639,621.
	(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 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 June 30, 2014, the maturity date was extended to October 1, 2014 and subsequently amended to July 1, 2015.
	(3) Effective May 22, 2012, the Company entered into a Loan Agreement with Vicki P. Rollins (“Rollins”) for a secured loan in the amount of $350,000 originally due on September 22, 2012. The loan is secured by a priority blanket security interest in all of the Company’s assets.When the Loan Agreement was initially entered into, the Company issued to Rollins 175,000 warrants to purchase common stock with an exercise price of $2.50. Such warrants expired on May 22, 2014. On July 1, 2014, Rollins agreed to extend the maturity date of the loan to December 31, 2014 and amend the terms of the loan so that no interest accrues from inception through repayment. The Company issued to Rollins an aggregate of 250,000 new warrants in exchange for such extension and amendment.  The fair value of the 250,000 warrants was $3,212,283 and was recorded as finance costs in the accompanying consolidated statement of operations for the year ended December 31, 2014.  The balance of the note payable was $250,000 at December 31, 2014 and 2013 and is currently in default.
	(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”). On 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 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 its oil and gas properties and related assets, agreements and profits.
	On November 7, 2013, the Company, Eos and Mr. Nikolas Konstant (the Company’s Chairman of the Board and Chief Financial Officer) entered into an 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.  The Company made payments of $100,000 each on November 13, 2013 and November 18, 2013. During 2014, the Company paid $100,000 for settlement of the debt.  Accordingly, the Company recorded a gain on extinguishment of debt of $30,000 on the accompanying consolidated statement of operations for the year ended December 31, 2014.
	(5)  On October 9, 2014, the Company issued an unsecured promissory note to Ridelinks, Inc. for $200,000, with interest at 2% and a maturity date of March 15, 2015and includes an exit fee of $30,000.  The promissory note and exit fee can be prepaid at any time. The Company repaid $100,000 during the year ended December 31, 2014.  The promissory note is currently in default.
	(6)  On September 30, 2014, The Company issued an unsecured promissory note to Bacchus Investors, LLC, for $323,000, with interest at 4%. The unsecured promissory note is due upon demand.

Note_6_Convertible_Promissory_

Note 6 - Convertible Promissory Note	12 Months Ended
	Dec. 31, 2014
Notes
Note 6 - Convertible Promissory Note	NOTE 6 – CONVERTIBLE PROMISSORY NOTE
	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.
	As the Clouding Loan was not repaid in full on the initial March 31, 2013 maturity date, 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.  As of December 31, 2013, the amount outstanding on the note was $250,000.
	On various dates in May and June 2014, the Company paid what it believed to be the remaining outstanding principal; however, Clouding made claims that certain amounts of interest, as well as a loan termination fee, were still due.  On August 20, 2014, the Company entered into a settlement agreement for full cancellation and satisfaction of the Clouding Loan and related agreements.  Pursuant to the settlement agreement, the Company was to make a one-time payment of $52,500 and issue 1,775,000 warrants to Clouding and certain related parties.  If the $52,500 was not paid by August 22, 2014, then the amount due would be increased by 10% and then an additional 1% for each additional 30 days that the Company had not cured the default.  As of December 31, 2014, the amount due is $58,327 and has been reflected as an accrued expense in the accompanying consolidated balance sheet.  The warrants had an exercise price of $4 per share and an expiration date of August 20, 2018.  The warrant agreement provided for a reduction in exercise price to 75% of the original exercise price if the Company did not pay the $52,500 by August 22, 2014 and also included an anti-dilution provision that would reduce the exercise price if the Company were to issue additional equities at a price below the exercise price which is in effect at the time of the issuance of the additional equities.  Pursuant to the agreement, the exercise price was reduced to $3 when the Company did not make the required payment of $52,500 and further reduced the exercise price to $2.50 when the Company issued additional warrants with an exercise price of $2.50.  Due to the anti-dilution provision, the Company determined that the warrants were derivatives and recorded the fair value of the warrants of $26,264,059 at issuance as a derivative liability and as a loss on debt extinguishment on the December 31, 2014 consolidated financial statements.

Note_7_Asset_Retirement_Obliga

Note 7 - Asset Retirement Obligation	12 Months Ended
	Dec. 31, 2014
Notes
Note 7 - Asset Retirement Obligation	NOTE 7 – ASSET RETIREMENT OBLIGATION
	Changes in the Company’s asset retirement obligations were as follows:
		December 31,
		2014	2013
	Asset retirement obligation, beginning of period	$76,457	$46,791
	Additions	-	22,715
	Accretion expense	7,645	6,951
	Asset retirement obligations, end of period	$84,102	$76,457

Note_8_Derivative_Liabilities

Note 8 - Derivative Liabilities	12 Months Ended
	Dec. 31, 2014
Notes
Note 8 - Derivative Liabilities	NOTE 8 – DERIVATIVE LIABILITIES
	In June 2008, the FASB issued authoritative guidance on determining whether an instrument (or embedded feature) is indexed to an entity’s own stock.  Under the authoritative guidance, effective January 1, 2009, instruments which do not have fixed settlement provisions are deemed to be derivative instruments.  As discussed in Note 6, the Company issued 1,775,000 warrants to Clouding and certain related parties.  The warrant agreements included an anti-dilution provision that would reduce the exercise price if the Company were to issue additional equities at a price below the exercise price which is in effect at the time of the issuance of the additional equities. Pursuant to ASC Topic 815, “Derivatives and Hedging”, the Company determined that these warrants met the definition of a derivative, and are to be re-measured at the end of every reporting period with the change in value reported in the statement of operations.
	As of August 20, 2014 (issuance date of the warrants) and December 31, 2014, the derivative liabilities were valued using a probability weighted average Black-Scholes-Merton pricing model with the following assumptions:
	Warrants:
		August 20, 2014 (Issuance date)	December 31, 2014
	Exercise Price	$4.00	$2.50
	Stock Price	$15	$6.50
	Risk-free interest rate	0.94%	1.10%
	Expected volatility	220%	188%
	Expected life (in years)	4 years	3.64 years
	Expected dividend yield	0%	0%
	Fair Value:	$26,264,059	$11,039,552
	The risk-free interest rate was based on rates established by the Federal Reserve Bank. The Company uses the historical volatility of its common stock to estimate the future volatility for its common stock. The expected life of the warrants was determined by the expiration dates of the warrants. The expected dividend yield was based on the fact that the Company has not paid dividends to its common stockholders in the past and does not expect to pay dividends to its common stockholders in the future.
	At the issuance date of the warrants on August 20, 2014, the Company determined the aggregate fair value to be $26,264,059, and was accounted for as a derivative liability.   For the year ended December 31, 2014, the Company recorded a change in fair value of the derivative liability of $15,224,507.   As of December 31, 2014, the aggregate fair value of the derivative liabilities was $11,039,552.

Note_9_Related_Party_Transacti

Note 9 - Related Party Transactions	12 Months Ended
	Dec. 31, 2014
Notes
Note 9 - Related Party Transactions	NOTE 9 - 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, 2014 and 2013, the Company recorded compensation expense of $360,000 and $360,000, respectively.  The amount due to Mr. Konstant under the Plethora consulting agreement is $0 and $164,610 at December 31, 2014 and 2013, respectively.
	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. The terms of such agreement were amended in June 2014. Pursuant to the amended agreement dated June 16, 2014, the Company agreed to pay to Baychester $35,000 by September 2014 in exchange for services rendered. Moreover, commencing July 1, 2014 and continuing every month thereafter, the Company agreed to pay to Baychester a monthly consulting fee of $10,000. Finally, in the event the Ghanaian Ministry of Energy formally invites the Company to a meeting to negotiate the terms of a deal to acquire a concession in Ghana, regardless of the outcome of the meeting, the Company will pay to Baychester an additional $35,000.

Note_10_Stockholders_Deficit

Note 10 - Stockholders' Deficit	12 Months Ended
	Dec. 31, 2014
Notes
Note 10 - Stockholders' Deficit	NOTE 10 - STOCKHOLDERS’ DEFICIT
	Stock Issuances for Services
	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.
	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 1, 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.
	On June 23, 2013, the Company entered into a one year consulting agreement with Hahn Engineering, Inc. (“Hahn”). Pursuant to the agreement, Hahn will be issued 2,000 restricted shares of common stock of the Company per month. While initially such monthly issuances were capped at 24,000 shares, in June 2014 the parties agreed to continue the consulting agreement month to month and to continue to provide 2,000 restricted shares of common stock of the Company to Hahn each such month. 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 the year ended December 31, 2014, Hahn had received 24,000 restricted shares of common stock of the Company valued at $315,119 which was recorded as consulting expense.
	During the year ended December 31, 2014, the Company issued 20,000 shares of common stock pursuant to a consulting agreement.  The value of the shares totaled $286,000 and was recorded as consulting expense.
	Stock Issuances Related to Notes Payable
	In February 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.
	On February 2, 2014, the Company issued 66,000 shares of common stock to RT holdings pursuant to a loan settlement agreement.  The value of the shares totaled $693,001 and was recorded as a reduction of the note payable of $53,380 and a loss on debt modification of $639,621.
	As part of the financing with the LowCal Notes described in Note 4, the Company granted, but did not issue, 400,000 shares of common stock valued at $3,370,000 during the year ended December 31, 2013.  These shares were reflected as Shares of Common Stock to be Issued as of December 31, 2013. These shares were issued during 2014.  Also as part of the financing with the LowCal Notes issued 600,000 shares of common stock valued at $7,604,000 during the year ended December 31, 2014.
	Stock Issuances for Cash
	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_11_Stock_Options_and_Warr

Note 11 - Stock Options and Warrants	12 Months Ended
	Dec. 31, 2014
Notes
Note 11 - Stock Options and Warrants	NOTE 11 - STOCK OPTIONS AND WARRANTS
	Option Activity
	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, December 31, 2011	-	-	-
	Granted	100,000	2.5	-
	Exercised	-	-	-
	Forfeited/Canceled	-	-	-
	Outstanding, December 31, 2012	100,000	2.5	2.58
	Granted	600,000	2.5	-
	Exercised	-	-	-
	Forfeited/Canceled	-	-	-
	Outstanding, December 31, 2013	700,000	2.5	4.07
	Granted	600,000	2.5
	Exercised	-
	Forfeited/Canceled	-
	Outstanding, December 31, 2014	1,300,000	2.5	3.81	5,200,000
	Exercisable, December 31, 2014	1,000,000	2.5	3.58	4,000,000
	The following table summarizes information about options outstanding at December 31, 2014:
	Options Outstanding
			Weighted	Weighted
			Average	Average
	Exercise	Number of	Remaining	Exercise
	Price ($)	Shares	Life (Years)	Price ($)
	2.5	1,300,000	3.81	2.5
	The following table summarizes information about options exercisable at December 31, 2014:
	Options Exercisable
			Weighted	Weighted
			Average	Average
	Exercise	Number of	Remaining	Exercise
	Price ($)	Shares	Life (Years)	Price ($)
	2.5	1,000,000	3.58	2.5
	On June 23, 2013, the Company entered into an employment agreement with Martin Oring, who also acts as a director of the Company, in which Mr. Oring was appointed the CEO of the Company. In exchange for Mr. Oring’s services, he received an option to purchase 600,000 shares of restricted common stock of the Company at an exercise price of $2.50 with a five year term valued at $1,935,908. 50,000 options shares vested each month the employment agreement remained in effect through June 30, 2014. On August 18, 2014, the Company and Mr. Oring entered into a new employment agreement in which Mr. Oring shall continue to act as the Company’s CEO in exchange for new options. Pursuant to the new agreement entered into on August 18, 2014, the Company issued to Mr. Oring an additional option to purchase 600,000 shares of restricted common stock of the company at an exercise price of $2.50 with a five year term valued at $1,935,908 . 50,000 of such options vested immediately on the date of grant for Mr. Oring’s services provided in July 2014. The remaining options shall vest in monthly installments of 50,000 commencing August 31, 2014 and continuing thereafter every month Mr. Oring’s employment agreement remains in effect.
	The assumptions used in calculating the fair value of options granted using the Black-Scholes option- pricing model for options granted during the years ended December 31, 2014, 2013 and 2012 are as follows:
		December 31,
		2014	2013	2012
	Risk-free interest rate	0.73%	0.73%	0.39%
	Expected life of the options (Years)	4.95	3	3
	Expected volatility	220%	214%	214%
	Expected dividend yield	0%	0%	0%
	Expected forfeitures	0%	0%	0%
	The weighted average grant-date fair value for the options granted during the years ended December 31, 2014, 2013 and 2012, was $14.92, $3.23 and $0.04, respectively.
	During the years ended December 31, 2014, 2013 and 2012, the Company recorded $5,443,458, $967,954, and $3,964, respectively, of share based compensation.
	As of December 31, 2014, the unamortized balance is $4,475,501 which will be expensed through June 30, 2015.
	Warrant Activity
	A summary of warrant activity is presented below:
				Weighted
			Weighted	Average
			Average	Remaining	Aggregate
		Number of	Exercise	Contractual	Intrinsic
		Warrants	Price ($)	Life (in years)	Value ($)
	Outstanding, December 31, 2011	-	-	-
	Granted	9,668,000	4	-
	Exercised	-	-	-
	Forfeited/Canceled	-	-	-
	Outstanding, December 31, 2012	9,668,000	-	-
	Granted	1,890,000	7.18	-
	Exercised	-	-	-
	Forfeited/Canceled	-	-	-
	Outstanding, December 31, 2013	11,558,000	4.5	2.21
Granted	3,444,992	2.99
Exercised	-	-
Forfeited/Canceled	-425,000	2.62
Outstanding, December 31, 2014	14,577,992	4.69	1.96	36,008,468
Exercisable, December 31, 2014	9,874,660	4.39	2.45	30,514,640
The following tables summarize information about warrants outstanding at December 31, 2014:
Warrants Outstanding
		Weighted	Weighted
		Average	Average
Exercise	Number of	Remaining	Exercise
Price ($)	Shares	Life (Years)	Price ($)
2.5	4,909,992	2.46	2.5
3	2,303,000	1.48	3
4	1,175,000	3.17	4
5.35	4,670,000	0.87	5.35
6	20,000	2.33	6
12.95	1,500,000	3.53	12.95
	14,577,992
The following table summarizes information about warrants exercisable at December 31, 2014:
Warrants Exercisable
		Weighted	Weighted
		Average	Average
Exercise	Number of	Remaining	Exercise
Price ($)	Shares	Life (Years)	Price ($)
2.5	4,876,660	2.41	2.5
3	2,303,000	1.48	3
4	1,175,000	3.17	4
6	20,000	2.33	6
12.95	1,500,000	3.53	12.95
	9,874,660
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 Global Yield Fund
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 on July 11, 2013 to the four warrants issued in 2012 in connection with the Commitment Agreements of which 1,303,000 warrants vested in 2013, and 4,670,000 warrants remain unvested as of December 31, 2014:
	·	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, 2014.
	·	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 1,303,000 GEM B Warrants and the 590 Partners B Warrants 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 with a ceiling of $8, 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%
During the year ended December 31, 2013, the Company amortized $5,670,064 of the costs.
On the vesting date of July 11, 2014, the Company calculated the fair value of the 1,500,000 Additional Warrants to be $19,085,444 using the Black-Scholes option pricing model with the following assumptions:
	·	Expected life of 4.00 years
	·	Volatility of 220%;
	·	Dividend yield of 0%;
	·	Risk free interest rate of 0.92%
The remaining fair value was amortized through the vesting period of July 11, 2014.  The Company expensed $13,415,380 during the year ended December 31, 2014 and expensed $5,670,064 during the year ended December 31, 2013 for a cumulative expense of $19,085,444.
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. As of January 11, 2015, the 18 month anniversary date of the agreement, the Company had not met this requirement and may now become liable for payment of this structuring fee to GEM.
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 for 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 1.34%
·           Expected life of 4.73 years
DVIBRI
Pursuant to a consulting agreement entered into with DVIBRI in 2013, the Company issued warrants to purchase 199,992 shares of the Company’s common stock with 16,666 warrants vesting each month.  The warrants have an exercise price of $2.50 and expire on June 30, 2017.  The Company expensed $1,881,325 for the year ended December 31, 2014. The fair value of the 166,660 warrants that vested during the year ended December 31, 2014 was determined to be using the Black-Scholes option pricing model with the following assumptions:
·           Expected life of  between 2.5 and 3 years
·           Volatility of between 188% and 221%;
·           Dividend yield of 0%;
·           Risk free interest rate between 1.10% and 2.53%
Mark Bitter
On April 1, 2014, the Company entered into a consulting agreement with Mark Bitter (“Bitter”). In exchange for consulting services, the Company issued to Bitter a warrant to purchase an aggregate of 20,000 restricted shares of the Company’s common stock, which vest and become exercisable on May 1, 2014 at $6.00 per share, and expire on May 1, 2017.
The fair value of the 20,000 warrants that vested during the quarter was determined to be $330,499 using the Black-Scholes option pricing model with the following assumptions:
·           Expected life of 3 years
·           Volatility of 253%;
·           Dividend yield of 0%;
·           Risk free interest rate of 0.86%
BAS Securities, LLC
On August 1, 2014, the Company issued to BAS Securities, LLC (“BAS”), one of the Company’s advisors, 500,000 warrants to purchase restricted shares of its common stock at $4.00 a share, vesting immediately and expiring after four years. The warrants were provided for BAS continuous support in providing consulting services to the Company. The Company determined the fair value at the date of grant to be $6,404,466 using the Black-Scholes option pricing model with the following assumptions:
·           Expected life of  4 years
·           Volatility of 220%;
·           Dividend yield of 0%;
·           Risk free interest rate of 0.94%
The fair value was recorded as consulting expense in the accompanying consolidated financial statements during the year ending December 31, 2014.
Furthermore, pursuant to an agreement effective August 1, 2014, the Company amended the terms of its August 1, 2013 consulting agreement with BAS to appoint BAS as a non-exclusive M&A advisor for the Company. In exchange for the provision of such M&A advisory services, at the close of certain potential acquisitions, BAS shall receive a cash fee equal to 1%-2% of the total size of the acquisition, plus warrant coverage equal to 3.75% of the total amount of the acquisition, divided by 2.5 and at an exercise price of $4.00 per share. Such warrants will have piggy-back registration rights, vest immediately and expire July 31, 2018.
Vicki P. Rollins
As discussed in Note 5, on September 1, 2014, the Company issued to Rollins an aggregate of 250,000 new warrants pursuant to a loan extension and amendment.  The fair value of the 250,000 warrants was $3,212,283 using the Black-Scholes option pricing model with the following assumptions:
·           Expected life of 4.09 years
·           Volatility of 220%;
·           Dividend yield of 0%;
·           Risk free interest rate of 0.90%
Clouding
On August 20, 2014, the Company entered into a settlement agreement for full cancellation and satisfaction of the Clouding Loan and related agreements.  Pursuant to the settlement agreement, the Company issued 1,775,000 warrants to Clouding and certain related parties.  Details of such warrants are discussed further in Note 6 above.
LowCal
Pursuant to the third amendment to the LowCal loan agreement as discussed in Note 4, the Company issued to LowCal a warrant to purchase 500,000 restricted shares of common stock at $4.00 per share, expiring August 14, 2017. The Company determined the fair value of the 500,000 warrants to be $7,293,270 using the Black-Scholes option pricing model with the following assumptions:
·           Expected life of 3 years
·           Volatility of 220%;
·           Dividend yield of 0%;
·           Risk free interest rate of 0.87%
Professional Pension Fund, LLC
On September 11, 2014, in exchange for financial advisory services provided, the Company issued to Professional Pension Fund, LLC, a warrant to purchase an aggregate of 200,000 restricted shares of the Company’s common stock at an exercise price of $2.50, which vest and become exercisable on September 11, 2014 and expire on September 11, 2017.
The fair value of the 200,000 warrants was determined to be $2,766,716 using the Black-Scholes option pricing model with the following assumptions:
·           Expected life of 3 years
·           Volatility of 220%;
·           Dividend yield of 0%;
·           Risk free interest rate of 1.07%

Note_12_Commitments_and_Contin

Note 12 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2014
Notes
Note 12 - Commitments and Contingencies	NOTE 12 - COMMITMENTS AND CONTINGENCIES
	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.
	The Company has been made aware that a complaint has been filed against the Company and Nikolas Konstant by an entity alleging to be the landlord of the Babcock Lease. The complaint purportedly asks for $149,625 in unpaid rent and late fees for the Babcock Lease, although the Company has not yet been served with a copy of the complaint. The Company denies any breach or the Babcock Lease or other wrongdoing on its part and will vigorously defend against such claims if it is ever served with the complaint.
	In response to the announcement of the Dune Merger Agreement (defined below), the Company has been named in a class action complaint filed in the Court of Chancery of the State of Delaware, Civil Action No. 10177-VCL, originally filed on September 29, 2014 and subsequently amended on October 17, 2014.  The complaint names Dune Energy, Inc., (“Dune”), along with each of the directors of Dune’s board, as well as the Company and Eos Delaware.  The complaint alleges that the directors of Dune’s board breached their fiduciary duties to Dune’s public stockholders, and that Dune, the Company and Eos Delaware aided and abetted Dune’s board’s breaches of fiduciary duties.  The complaint seeks a preliminary and permanent injunction, enjoining all defendants from proceeding with, consummating or closing the transactions contemplated in the Dune Merger Agreement, and in the event that the aforementioned transactions close, rescission of the transactions or awarding of rescissory damages, as well as an award of plaintiff’s attorneys’ and experts’ fees and costs. The Company denies all allegations of wrongdoing on its part, or on the part of Eos Delaware, and will vigorously defend against such claims in connection with the complaint.  Given the early stage of the litigation, however, at this time the Company is unable to form a professional judgment that an unfavorable outcome is either probable or remote, and it is not possible to assess whether or not the outcome of these proceedings will or will not have a material adverse effect on the Company.
	DVIBRI Consulting Agreement
	On August 26, 2013, the Company engaged DVIBRI as a consultant to render financial advice pursuant to a Consulting Agreement. The initial term of DVIBRI's consulting services, pursuant to an amendment to the Consulting Agreement effective as of February 3, 2014, expired on February 28, 2014. The Company issued 20,000 shares valued at $286,000 to DVIBRI on February 21, 2014 as compensation for services provided under the Consulting Agreement.
	After the expiration of the initial Consulting Agreement, the Company and DVIBRI entered into a new Consulting Agreement, effective as of March 1, 2014, for the provision of additional consulting services for a one year period. As compensation for the services to be provided, the Company agreed to issue to DVIBRI the following: (i) $10,000 of monthly compensation, payable one half each month with the remainder payable in one lump sum at the end of the term; and (ii) a warrant to purchase 199,992 shares of the Company’s common stock with 16,666 warrants vesting monthly.
	Dune Merger Agreement
	On September 17, 2014, The Company entered into an Agreement and Plan of Merger (the “Dune Merger Agreement”) with Dune. Pursuant to the Dune Merger Agreement, the Company has agreed to conduct a cash tender offer (the “Offer”) to purchase all of Dune’s issued and outstanding shares of common stock, par value $0.001 per share (the “Shares”), at a price of $0.30 per Share in cash, without interest, upon the terms and conditions set forth in the Dune Merger Agreement (the “Offer Price”).  In addition to the Offer Price, Eos and Purchaser shall provide Dune with sufficient funds to pay in full and discharge all of Dune’s outstanding indebtedness and shall assume liability for all Dune trade debt, as well as fees and expenses related to the Dune Merger Agreement and the transactions contemplated therein.
	At the commencement of the Offer, the Company estimated that the total amount of cash required to complete the transactions contemplated by the Dune Merger Agreement will be approximately $140 million dollars, including: (i) approximately $22 million to purchase all of the Shares, (ii) approximately $11 million for the payment of any fees, expenses and other related amounts incurred in connection with the Offer and the Dune Merger, and (iii) approximately $107 million to pay in full and discharge all of Dune’s outstanding indebtedness (other than accrued trade debt of Dune, which shall be assumed by the surviving entity in the merger). The Offer is not subject to a financing contingency.
	In certain instances set forth in the Dune Merger Agreement, if the Dune Merger Agreement is terminated, depending on the circumstances that caused the termination, either: (i) the Company may owe Dune a termination fee of $5.5 million dollars, or (ii) Dune may owe the Company a termination fee of $3.5 million dollars.
	Following the successful completion of the Offer, and subject to the terms and conditions of the Dune Merger Agreement, the Company will be merged with and into Dune, with Dune surviving as a direct wholly-owned subsidiary of Eos (the “Dune Merger”). At the effective time of the Dune Merger, each issued and outstanding Share, other than Shares held in the treasury of Dune or owned by Eos or any of their affiliates and Shares held by holders who have properly demanded appraisal rights under Delaware law, will be converted into the right to receive consideration equal to the Offer Price.
	The Offer commenced on October 9, 2014 and was originally scheduled to expire on November 6, 2014, but on November 6, 2014 the expiration of the Offer was extended to November 20, 2014 in order to give the Company additional time to arrange financing for the contemplated transactions.
	The above does not purport to be a complete summary of the Offer and Dune Merger. For further information, please see the Company’s Schedule T/O as filed with the Securities and Exchange Commission on October 9, 2014, as subsequently amended, as well as the 14D-9 filed by Dune with the Securities and Exchange Commission on October 9, 2014, as subsequently amended.
	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
	2015	$193,248
	2016	198,876
	2017	68,876
		$461,000
	Rent expense for the years ended December 31, 2014, 2013 and 2012 was $177,545, $177,545 and $48,000, respectively.

Note_13_Income_Taxes

Note 13 - Income Taxes	12 Months Ended
	Dec. 31, 2014
Notes
Note 13 - Income Taxes	NOTE 13 - INCOME TAXES
	Deferred tax assets of the Company are as follows:
		December 31,
		2014	2013
	Deferred tax assets:
	Net operating loss carryforwards	$2,712,421	$1,941,839
	Deferred Compensation	36,450	23,901
	Accrued expenses	416,513	179,094
	Stock Based Compensation	181,247	181,247
	Valuation Allowance	-3,346,631	-2,326,081
	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 for the years ended December 31, were as follows:
		2014	2013	2012
	Statutory federal income tax rate	-34%	-34%	-34%
	State income taxes, net of federal taxes	-6	-6%	-6%
	Non-includable items	27%	20%	7%
	Increase in valuation allowance	13%	20%	33%
	Effective income tax rate	-	-	-
	The components of income tax expense for the years ended December 31, are as follows:
		2014	2013	2012
	Current federal income tax	-	-	-
	Current state income tax	-	-	-
	Deferred taxes	-1,020,550	-1,075,587	-696,004
	Valuation allowance	1,020,550	1,075,587	696,004
		-	-	-
	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, 2014 and 2013, no liability for unrecognized tax benefits was required to be recorded.”
	At December 31, 2014, the Company had net operating loss carry forwards of approximately $6,719,000 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, 2014, 2013 and 2012 financial statements since the potential tax benefit is offset by a valuation allowance of the same amount.

Note_14_Subsequent_Events

Note 14- Subsequent Events	12 Months Ended
	Dec. 31, 2014
Notes
Note 14- Subsequent Events	NOTE 14– SUBSEQUENT EVENTS
	Dune Merger Agreement
	On September 17, 2014 the Company entered into an Agreement and Plan of Merger with Dune and Eos Merger Sub. Inc.  Pursuant to the Dune Merger Agreement, and on the terms and subject to the conditions described therein, Merger Sub agreed to conduct a cash tender offer to purchase all of Dune’s issued and outstanding shares of common stock at a price of $0.30 per Dune Share in cash, without interest, upon the terms and conditions set forth in the Dune Merger Agreement.  Due to the severe decline in oil prices, the Company’s sources of capital for the merger and tender offer were withdrawn, and the Company was were unable to proceed to complete the merger and tender described in the Dune Merger Agreement on the terms originally negotiated.   After a series of amendments to the Dune Merger Agreement while the parties continued to try to negotiate financing terms, the Tender Offer ultimately expired on February 27, 2015.  Subsequently, on March 4, 2015, Dune provided the Company with notice of its decision to terminate the Dune Merger Agreement in accordance with the Dune Merger Agreement, and demanded the Parent Termination Fee (as defined in the Dune Merger Agreement) of $5,500,000 in cash, and reimbursement for certain unidentified expenses incurred by Dune.  Dune has threatened to bring litigation to collect these amounts in connection with its contention that the Company breached the Dune Merger Agreement and is entitled to the breakup fee set forth in the Dune Merger Agreement. The Company does not believe that it has liability for the break-up fee and we intend to vigorously defend ourselves in an action is brought.
	Consulting Agreement
	On February 12, 2015, in exchange for consulting services provided, the Company issued to Jerry Astor two warrants to purchase an aggregate of 100,000 restricted shares of the Company’s common stock. The exercise price of 50,000 warrants is $2.50, and the exercise price of the other 50,000 warrants is $3.00. All of the warrants vested and became exercisable upon issuance and will expire on February 12, 2020.
	Additional Financing
	On March 31, 2015 we issued two unsecured promissory notes, one to Plethora Enterprises, LLC, and one to Clearview Partners II, LLC.  Each promissory note has a principal amount of $150,000, with an interest rate of 10% per annum.  The maturity date is 120 days from the date of issuance.  Nikolas Konstant, our CFO and Chairman of the Board is the sole member and manager of Plethora Enterprises, LLC.

Note_15_Selected_Quarterly_Dat

Note 15 - Selected Quarterly Data (Unaudited)	12 Months Ended
	Dec. 31, 2014
Notes
Note 15 - Selected Quarterly Data (Unaudited)	NOTE 15 – SELECTED QUARTERLY DATA (UNAUDITED)
		March 31,	June 30,	September 30,	December 31,
		2014	2014	2014	2014	Total
	Revenue	$103,706	$323,121	$187,805	$145,820	$760,452
	Gain (loss) from operations	-11,005,511	-6,814,549	-11,690,567	-697,195	-30,207,822
	Net gain (loss)	($16,167,341)	($12,718,954)	($56,946,844)	$6,999,233	($78,833,906)
	Basic and diluted loss per share	($0.35)	($0.27)	($1.21)	$0.15	($1.68)
		March 31,	June 30,	September 30,	December 31,
		2013	2013	2013	2013	Total
	Revenue	$23,978	$196,776	$248,820	$126,831	$596,405
	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)

Note_16_Supplemental_Informati

Note 16 - Supplemental Information Relating To Oil and Gas Producing Activities (Unaudited)	12 Months Ended
	Dec. 31, 2014
Notes
Note 16 - Supplemental Information Relating To Oil and Gas Producing Activities (Unaudited)	NOTE 16 - SUPPLEMENTAL INFORMATION RELATING TO OIL AND GAS PRODUCING ACTIVITIES (UNAUDITED)
	Costs incurred in oil and gas property acquisition, exploration and development activities are summarized below:
		Years Ended
		December 31,	December 31,	December 31,
		2014	2013	2012
	Unproved property acquisition costs	-	-	-
	Exploration costs	-	117,050	76,746
	Development costs	-	-	-
	Asset retirement obligation	7,645	6,951	4,254
	Total cost incurred	$7,645	$124,001	$81,000
	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, 2014 and 2013. Estimates of proved reserves as of December 31, 2014 and 2013 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:
	Estimated Quantities of Proved Reserves
		December 31,	December 31,	December 31,
		2014	2013	2012
		Oil	Oil	Oil
		(bbls)	(bbls)	(bbls)
	Balance, beginning of the year	222,413	89,054	69,090
	Purchases of reserves in place	-	-	-
	Revision of previous estimates	20,588	140,101	20,863
	Production	-8,779	-6,742	-899
	Net change	234,222	222,413	89,054
	The following table reflects the changes in estimated quantities of proved reserves:
	Estimated Quantities of Proved Reserves
		December 31,	December 31,	December 31,
		2014	2013	2012
		Oil	Oil	Oil
		(bbls)	(bbls)	(bbls)
	Proved developed reserves:	59,310	41,453	33,912
	Proved undeveloped reserves:	174,912	180,960	55,142
	Total proved reserves	234,222	222,413	89,054
	Standardized Measure of Discounted Future Net Cash Flows
	The Standardized Measure related to prove 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,	December 31,
		2014	2013	2012
	Future cash inflows	$20,606,888	$19,999,359	$7,728,962
	Future production and development costs	-4,452,624	-5,479,000	-2,802,100
	Future income taxes	-3,774,242	-3,894,466	-1,063,757
	Future net cash flows	12,380,022	10,625,893	3,863,105
	Discount of future net cash flows at 10% per annum	-4,175,018	-4,058,069	-1,231,826
	Standardized measure of discounted future net cash flows	$8,205,004	$6,567,824	$2,631,279
	Reserve estimates and future cash flows are based on the average market prices for sales of oil and gas on the first calendar day of each month during the year. The average prices used for 2014, 2013 and 2012 were $88, $90, and $87    per barrel, respectively, for crude oil.  At December 31, 2014, the price per barrel of oil was $59.   The future cash flow could be significantly different than the amount in the above table when the oil is actually sold.
	Future operating expenses and development costs are computed primarily by the Company’s petroleum engineers by estimating the expenditures to be incurred in developing and producing the Company’s proved oil and gas reserves at the end of the year, based on year end costs and assuming continuation of existing economic conditions. Future income taxes are based on year-end statutory rates, adjusted for the tax basis of oil and gas properties and available applicable tax assets. A discount factor of 10% was used to reflect the timing of future net cash flows. The standardized measure of discounted future net cash flows is not intended to represent the replacement cost or fair value of the Company’s oil and gas properties. An estimate of fair value would also take into account, among other things, the recovery of reserves not presently classified as proved, anticipated future changes in prices and costs, and a discount factor more representative of the time value of money and the risks inherent in oil and gas reserve estimates.
	The following table sets forth the changes in standardized measure of discounted future net cash flows relating to prove oil and gas reserves for the periods indicated.
	Changes in Standardized Measure
		December 31,	December 31,	December 31,
		2014	2013	2012
	Beginning of the year	$6,567,824	$2,631,279	$1,949,660
	Sales of oil and gas produced, net of production costs	-333,376	-194,763	97,722
	Purchases of minerals in place	-	-	-
	Revision of previous quantity estimates	1,970,516	4,131,308	583,897
	Net change	$8,204,964	$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, 2014
Policies
Principles of Consolidation	Principles of Consolidation
	The consolidated financial statements include the accounts of our wholly owned and majority owned 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,
		2014	2013	2012
	Options	1,300,000	700,000	100,000
	Warrants	14,577,992	11,458,000	9,668,000
	Convertible notes	2,000,000	975,000	100,000
	Total	17,877,992	13,133,000	9,868,000
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.
	Capitalized oil and gas property costs within a cost center are amortized on an equivalent unit-of-production method, The equivalent unit-of-production rate is computed on a quarterly basis by dividing production by proved oil and gas reserves at the beginning of the quarter then applying such amount to capitalized oil and gas property costs, which includes estimated asset retirement costs, less accumulated amortization, plus the estimated future expenditures (based on current costs) to be incurred in developing proved reserves, net of estimated salvage values. Average depreciation, depletion and amortization (“DD&A”) per BOE was $4.79, $5.34, and $2.05 for the years ended December 31, 2014, 2013 and 2012, respectively.
Full Cost Ceiling Test	Full Cost Ceiling Test
	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. If the net capitalized costs exceed the cost center ceiling, the excess is recognized as an impairment of oil and gas properties. An impairment recognized in one period may not be reversed in a subsequent period even if higher oil and gas prices increase the cost center ceiling applicable to the subsequent period.
	The estimated future net revenues used in the ceiling test are calculated using average quoted market prices for sales of oil and gas on the first calendar day of each month during the preceding 12-month period prior to the end of the current reporting period. Prices are held constant indefinitely and are not changed except where different prices are fixed and determinable from applicable contracts for the remaining term of those contracts. Prices used in the ceiling test computation do not include the impact of derivative instruments because the Company elected not to meet the criteria to qualify its derivative instruments for hedge accounting treatment.
	The Company assesses oil and gas properties at least quarterly 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, 2014, the Company has not experienced any impairment of its capitalized oil and gas properties.
	The Company recorded depletion expense of $66,380, $40,645 and $21,408 for the years ended December 31, 2014, 2013 and 2012, respectively.
	Proceeds from the sale of oil and gas properties are recognized as a reduction of capitalized oil and gas property costs with no gain or loss recognized, unless the sale significantly alters the relationship between capitalized costs and proved reserves of oil and gas attributable to a cost center. Through December 31, 2014, the Company has not had any sales of oil and gas properties that significantly alter that relationship.
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, 2014 and 2013, the Company had an ARO of $84,102 and $76,457, 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, Option and Incentive Plans Policy	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 Measurement, Policy	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.
	The Company uses Level 2 inputs for its valuation methodology for the warrant derivative liabilities as their fair values were determined by using a weighted average Black-Scholes-Merton pricing model based on various assumptions. The Company’s derivative liabilities are adjusted to reflect fair value at each period end, with any increase or decrease in the fair value being recorded in results of operations as adjustments to fair value of derivatives.
	At December 31, 2014, the Company identified the following liabilities that are required to be presented on the balance sheet at fair value:
		Fair Value	Fair Value Measurements at
		As of	31-Dec-14
	Description	31-Dec-14	Using Fair Value Hierarchy
			Level 1	Level 2	Level 3
	Warrant derivative liabilities	$11,039,552	-	11,039,552	-
	Total	$11,039,552	-	11,039,552	-
	The Company 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, 2014, 2013 and 2012.  The Company’s oil and gas properties 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 were less than 1% of total assets and its safe cell tab revenue was less than 1% of total revenue for. 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
	In May 2014, the (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers, which provides a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and will supersede most current revenue recognition guidance. The standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. ASU 2014-09 will be effective for the Company in the first quarter of its fiscal year ending June 30, 2018. The Company is currently in the process of evaluating the impact of adoption of this ASU on its consolidated financial statements.
	In June 2014, the FASB issued Accounting Standards Update No. 2014-12, Compensation — Stock Compensation (Topic 718), Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (a consensus of the FASB Emerging Issues Task Force) (ASU 2014-12). The guidance applies to all reporting entities that grant their employees share-based payments in which the terms of the award provide that a performance target that affects vesting could be achieved after the requisite service period. The amendments require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. For all entities, the amendments in this Update are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. The effective date is the same for both public business entities and all other entities. The Company is currently evaluating the impact of adopting ASU 2014-12 on the Company’s results of operations or financial condition.
	In August 2014, the FASB issued Accounting Standards Update No. 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40), Disclosure of Uncertainties about an Entities Ability to Continue as a Going Concern(ASU 2014-15). The guidance in ASU 2014-15 sets forth management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern as well as required disclosures. ASU 2014-15 indicates that, when preparing financial statements for interim and annual financial statements, management should evaluate whether conditions or events, in the aggregate, raise substantial doubt about the entity’s ability to continue as a going concern for one year from the date the financial statements are issued or are available to be issued. This evaluation should include consideration of conditions and events that are either known or are reasonably knowable at the date the financial statements are issued or are available to be issued, as well as whether it is probable that management’s plans to address the substantial doubt will be implemented and, if so, whether it is probable that the plans will alleviate the substantial doubt. ASU 2014-15 is effective for annual periods ending after December 15, 2016, and interim periods and annual periods thereafter. Early application is permitted. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements.
	In November 2014, the FASB issued Accounting Standards Update (ASU) No. 2014-16, Determining Whether the Host Contract in a Hybrid Financial Instrument Issued in the Form of a Share Is More Akin to Debt or to Equity.  The amendments in this ASU do not change the current criteria in U.S. GAAP for determining when separation of certain embedded derivative features in a hybrid financial instrument is required.  The amendments clarify that an entity should consider all relevant terms and features, including the embedded derivative feature being evaluated for bifurcation, in evaluating the nature of the host contract.  The ASU applies to all entities that are issuers of, or investors in, hybrid financial instruments that are issued in the form of a share and is effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015.  Early adoption is permitted.   The Company is currently evaluating the impact the adoption of ASU 2014-16 on the Company’s financial statement presentation and disclosures.
	In January 2015, the FASB issued Accounting Standards Update (ASU) No. 2015-01 (Subtopic 225-20) - Income Statement - Extraordinary and Unusual Items.  ASU 2015-01 eliminates the concept of an extraordinary item from GAAP.  As a result, an entity will no longer be required to segregate extraordinary items from the results of ordinary operations, to separately present an extraordinary item on its income statement, net of tax, after income from continuing operations or to disclose income taxes and earnings-per-share data applicable to an extraordinary item.  However, ASU 2015-01 will still retain the presentation and disclosure guidance for items that are unusual in nature and occur infrequently.  ASU 2015-01 is effective for periods beginning after December 15, 2015.  The adoption of ASU 2015-01 is not expected to have a material effect on the Company’s consolidated financial statements.  Early adoption is permitted.
	In February, 2015, the FASB issued Accounting Standards Update (ASU) No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis.  ASU 2015-02 provides guidance on the consolidation evaluation for reporting organizations that are required to evaluate whether they should consolidate certain legal entities such as limited partnerships, limited liability corporations, and securitization structures (collateralized debt obligations, collateralized loan obligations, and mortgage-backed security transactions).  ASU 2015-02 is effective for periods beginning after December 15, 2015.  The adoption of ASU 2015-02 is not expected to have a material effect on the Company’s consolidated financial statements.  Early adoption is permitted.
	Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company's present or future 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, 2014
Tables/Schedules
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	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,
		2014	2013	2012
	Options	1,300,000	700,000	100,000
	Warrants	14,577,992	11,458,000	9,668,000
	Convertible notes	2,000,000	975,000	100,000
	Total	17,877,992	13,133,000	9,868,000

Note_2_Summary_of_Significant_3

Note 2 - Summary of Significant Accounting Policies: Fair Value Measurement, Policy: Schedule of Liabilities at Fair Value (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Liabilities at Fair Value	At December 31, 2014, the Company identified the following liabilities that are required to be presented on the balance sheet at fair value:
		Fair Value	Fair Value Measurements at
		As of	31-Dec-14
	Description	31-Dec-14	Using Fair Value Hierarchy
			Level 1	Level 2	Level 3
	Warrant derivative liabilities	$11,039,552	-	11,039,552	-
	Total	$11,039,552	-	11,039,552	-

Note_4_LowCal_Convertible_and_1

Note 4 - LowCal Convertible and Promissory Notes Payable: Summary of Convertible Promissory Notes (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Summary of Convertible Promissory Notes
		December 31,
		2014	2013
	LowCal Convertible Note	$5,000,000	$3,500,000
	Unamortized discount	-	-887,118
	Subtotal	5,000,000	2,612,882
	LowCal Promissory Note	3,250,000	-
	Total	$8,250,000	$2,612,882

Note_5_Notes_Payable_Schedule_

Note 5 - Notes Payable: Schedule of Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Notes Payable
		December 31,
		2014	2013
	Note payable at 24% (1)	-	$128,380
	Secured note payable, at 18% (2)	600,000	600,000
	Note payable, at 6% (3)	250,000	250,000
	Note payable, at 5%, (4)	-	130,000
	Note payable, at 2%, (5)	100,000	-
	Note payable at 4%, (6)	323,000	-
	Total	$1,273,000	$1,108,380

Note_7_Asset_Retirement_Obliga1

Note 7 - Asset Retirement Obligation: Schedule of Change in Asset Retirement Obligation (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Change in Asset Retirement Obligation	Changes in the Company’s asset retirement obligations were as follows:
		December 31,
		2014	2013
	Asset retirement obligation, beginning of period	$76,457	$46,791
	Additions	-	22,715
	Accretion expense	7,645	6,951
	Asset retirement obligations, end of period	$84,102	$76,457

Note_8_Derivative_Liabilities_

Note 8 - Derivative Liabilities: Schedule of Warrant Valuation Assumptions (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Warrant Valuation Assumptions	As of August 20, 2014 (issuance date of the warrants) and December 31, 2014, the derivative liabilities were valued using a probability weighted average Black-Scholes-Merton pricing model with the following assumptions:
	Warrants:
		August 20, 2014 (Issuance date)	December 31, 2014
	Exercise Price	$4.00	$2.50
	Stock Price	$15	$6.50
	Risk-free interest rate	0.94%	1.10%
	Expected volatility	220%	188%
	Expected life (in years)	4 years	3.64 years
	Expected dividend yield	0%	0%
	Fair Value:	$26,264,059	$11,039,552

Note_11_Stock_Options_and_Warr1

Note 11 - Stock Options and Warrants: Schedule of Stock Options, Activity (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Stock Options, Activity	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, December 31, 2011	-	-	-
	Granted	100,000	2.5	-
	Exercised	-	-	-
	Forfeited/Canceled	-	-	-
	Outstanding, December 31, 2012	100,000	2.5	2.58
	Granted	600,000	2.5	-
	Exercised	-	-	-
	Forfeited/Canceled	-	-	-
	Outstanding, December 31, 2013	700,000	2.5	4.07
	Granted	600,000	2.5
	Exercised	-
	Forfeited/Canceled	-
	Outstanding, December 31, 2014	1,300,000	2.5	3.81	5,200,000
	Exercisable, December 31, 2014	1,000,000	2.5	3.58	4,000,000

Note_11_Stock_Options_and_Warr2

Note 11 - Stock Options and Warrants: Schedule of Options Exercisable and Outstanding (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Options Exercisable and Outstanding	The following table summarizes information about options outstanding at December 31, 2014:
	Options Outstanding
			Weighted	Weighted
			Average	Average
	Exercise	Number of	Remaining	Exercise
	Price ($)	Shares	Life (Years)	Price ($)
	2.5	1,300,000	3.81	2.5
	The following table summarizes information about options exercisable at December 31, 2014:
	Options Exercisable
			Weighted	Weighted
			Average	Average
	Exercise	Number of	Remaining	Exercise
	Price ($)	Shares	Life (Years)	Price ($)
	2.5	1,000,000	3.58	2.5

Note_11_Stock_Options_and_Warr3

Note 11 - Stock Options and Warrants: Schedule of Valuation Assumptions used for Options Granted (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Valuation Assumptions used for Options Granted	The assumptions used in calculating the fair value of options granted using the Black-Scholes option- pricing model for options granted during the years ended December 31, 2014, 2013 and 2012 are as follows:
		December 31,
		2014	2013	2012
	Risk-free interest rate	0.73%	0.73%	0.39%
	Expected life of the options (Years)	4.95	3	3
	Expected volatility	220%	214%	214%
	Expected dividend yield	0%	0%	0%
	Expected forfeitures	0%	0%	0%

Note_11_Stock_Options_and_Warr4

Note 11 - Stock Options and Warrants: Schedule of Warrants, Activity (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Warrants, Activity	A summary of warrant activity is presented below:
				Weighted
			Weighted	Average
			Average	Remaining	Aggregate
		Number of	Exercise	Contractual	Intrinsic
		Warrants	Price ($)	Life (in years)	Value ($)
	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	2.21
	Granted	3,444,992	2.99
	Exercised	-	-
	Forfeited/Canceled	-425,000	2.62
	Outstanding, December 31, 2014	14,577,992	4.69	1.96	36,008,468
	Exercisable, December 31, 2014	9,874,660	4.39	2.45	30,514,640

Note_11_Stock_Options_and_Warr5

Note 11 - Stock Options and Warrants: Schedule of Exerciseable and Outstanding Warrants (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Exerciseable and Outstanding Warrants	The following tables summarize information about warrants outstanding at December 31, 2014:
	Warrants Outstanding
			Weighted	Weighted
			Average	Average
	Exercise	Number of	Remaining	Exercise
	Price ($)	Shares	Life (Years)	Price ($)
	2.5	4,909,992	2.46	2.5
	3	2,303,000	1.48	3
	4	1,175,000	3.17	4
	5.35	4,670,000	0.87	5.35
	6	20,000	2.33	6
	12.95	1,500,000	3.53	12.95
		14,577,992
	The following table summarizes information about warrants exercisable at December 31, 2014:
	Warrants Exercisable
			Weighted	Weighted
			Average	Average
	Exercise	Number of	Remaining	Exercise
	Price ($)	Shares	Life (Years)	Price ($)
	2.5	4,876,660	2.41	2.5
	3	2,303,000	1.48	3
	4	1,175,000	3.17	4
	6	20,000	2.33	6
	12.95	1,500,000	3.53	12.95
		9,874,660

Note_12_Commitments_and_Contin1

Note 12 - Commitments and Contingencies: Schedule of Future Minimum Lease Payments (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Future Minimum Lease Payments	The minimum lease payments are as follows:
	Year	Amount
	2015	$193,248
	2016	198,876
	2017	68,876
		$461,000

Note_13_Income_Taxes_Schedule_

Note 13 - Income Taxes: Schedule of Deferred Tax Assets (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Deferred Tax Assets	Deferred tax assets of the Company are as follows:
		December 31,
		2014	2013
	Deferred tax assets:
	Net operating loss carryforwards	$2,712,421	$1,941,839
	Deferred Compensation	36,450	23,901
	Accrued expenses	416,513	179,094
	Stock Based Compensation	181,247	181,247
	Valuation Allowance	-3,346,631	-2,326,081
	Net deferred tax asset	-	-

Note_13_Income_Taxes_Schedule_1

Note 13 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Effective Income Tax Rate Reconciliation	The items accounting for the difference between income taxes computed at the federal statutory rate and the provision for income taxes for the years ended December 31, were as follows:
		2014	2013	2012
	Statutory federal income tax rate	-34%	-34%	-34%
	State income taxes, net of federal taxes	-6	-6%	-6%
	Non-includable items	27%	20%	7%
	Increase in valuation allowance	13%	20%	33%
	Effective income tax rate	-	-	-

Note_13_Income_Taxes_Schedule_2

Note 13 - Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Components of Income Tax Expense (Benefit)	The components of income tax expense for the years ended December 31, are as follows:
		2014	2013	2012
	Current federal income tax	-	-	-
	Current state income tax	-	-	-
	Deferred taxes	-1,020,550	-1,075,587	-696,004
	Valuation allowance	1,020,550	1,075,587	696,004
		-	-	-

Note_15_Selected_Quarterly_Dat1

Note 15 - Selected Quarterly Data (Unaudited): Condensed Income Statement (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Condensed Income Statement
		March 31,	June 30,	September 30,	December 31,
		2014	2014	2014	2014	Total
	Revenue	$103,706	$323,121	$187,805	$145,820	$760,452
	Gain (loss) from operations	-11,005,511	-6,814,549	-11,690,567	-697,195	-30,207,822
	Net gain (loss)	($16,167,341)	($12,718,954)	($56,946,844)	$6,999,233	($78,833,906)
	Basic and diluted loss per share	($0.35)	($0.27)	($1.21)	$0.15	($1.68)
		March 31,	June 30,	September 30,	December 31,
		2013	2013	2013	2013	Total
	Revenue	$23,978	$196,776	$248,820	$126,831	$596,405
	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)

Note_16_Supplemental_Informati1

Note 16 - Supplemental Information Relating To Oil and Gas Producing Activities (Unaudited): Schedule of Costs Incurred in Oil and Gas Property Acquisition, Exploration, and Development Activities (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Costs Incurred in Oil and Gas Property Acquisition, Exploration, and Development Activities	Costs incurred in oil and gas property acquisition, exploration and development activities are summarized below:
		Years Ended
		December 31,	December 31,	December 31,
		2014	2013	2012
	Unproved property acquisition costs	-	-	-
	Exploration costs	-	117,050	76,746
	Development costs	-	-	-
	Asset retirement obligation	7,645	6,951	4,254
	Total cost incurred	$7,645	$124,001	$81,000

Note_16_Supplemental_Informati2

Note 16 - 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, 2014
Tables/Schedules
Schedule of Proved Developed and Undeveloped Oil and Gas Reserve Quantities	The following table shows the estimated proved developed reserves and the proved undeveloped reserves:
	Estimated Quantities of Proved Reserves
		December 31,	December 31,	December 31,
		2014	2013	2012
		Oil	Oil	Oil
		(bbls)	(bbls)	(bbls)
	Balance, beginning of the year	222,413	89,054	69,090
	Purchases of reserves in place	-	-	-
	Revision of previous estimates	20,588	140,101	20,863
	Production	-8,779	-6,742	-899
	Net change	234,222	222,413	89,054

Note_16_Supplemental_Informati3

Note 16 - Supplemental Information Relating To Oil and Gas Producing Activities (Unaudited): Schedule of Estimated Proved Developed and Undeveloped Reserves (Tables)	12 Months Ended
	Dec. 31, 2014
Tables/Schedules
Schedule of Estimated Proved Developed and Undeveloped Reserves	The following table reflects the changes in estimated quantities of proved reserves:
	Estimated Quantities of Proved Reserves
		December 31,	December 31,	December 31,
		2014	2013	2012
		Oil	Oil	Oil
		(bbls)	(bbls)	(bbls)
	Proved developed reserves:	59,310	41,453	33,912
	Proved undeveloped reserves:	174,912	180,960	55,142
	Total proved reserves	234,222	222,413	89,054

Note_16_Supplemental_Informati4

Note 16 - 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, 2014
Tables/Schedules
Schedule of Changes in Standardized Measure of Discounted Future Net Cash Flows
	Standardized Measure of Oil and Gas
		December 31,	December 31,	December 31,
		2014	2013	2012
	Future cash inflows	$20,606,888	$19,999,359	$7,728,962
	Future production and development costs	-4,452,624	-5,479,000	-2,802,100
	Future income taxes	-3,774,242	-3,894,466	-1,063,757
	Future net cash flows	12,380,022	10,625,893	3,863,105
	Discount of future net cash flows at 10% per annum	-4,175,018	-4,058,069	-1,231,826
	Standardized measure of discounted future net cash flows	$8,205,004	$6,567,824	$2,631,279

Note_16_Supplemental_Informati5

Note 16 - 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, 2014
Tables/Schedules
Standardized Measure of Discounted Future Cash Flows Relating to Proved Oil and Gas Reserves	The following table sets forth the changes in standardized measure of discounted future net cash flows relating to prove oil and gas reserves for the periods indicated.
	Changes in Standardized Measure
		December 31,	December 31,	December 31,
		2014	2013	2012
	Beginning of the year	$6,567,824	$2,631,279	$1,949,660
	Sales of oil and gas produced, net of production costs	-333,376	-194,763	97,722
	Purchases of minerals in place	-	-	-
	Revision of previous quantity estimates	1,970,516	4,131,308	583,897
	Net change	$8,204,964	$6,567,824	$2,631,279

Note_1_Organization_Details

Note 1 - Organization (Details)	12 Months Ended
	Dec. 31, 2014	Oct. 12, 2012
Trading Symbol	EOPT
EOS Global Petro, Inc. Shareholders
Ownership Percentage		93.00%
Plethora Buy Oil and Gas Ltd
Noncontrolling Interest, Ownership Percentage by Parent	90.00%
Plethora Bay Oil & Gas Ltd | EOS Atlantic Oil and Gas
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	10.00%

Note_2_Summary_of_Significant_4

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, 2014	Dec. 31, 2013	Dec. 31, 2012
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	17,877,992	13,133,000	9,868,000
Equity Option
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,300,000	700,000	100,000
Warrant
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	14,577,992	11,458,000	9,668,000
Convertible Debt Securities
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2,000,000	975,000	100,000

Note_2_Summary_of_Significant_5

Note 2 - Summary of Significant Accounting Policies: Full Cost Method of Accounting For Oil and Gas Properties (Details)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
	Boe	Boe	Boe
Details
Average Depreciation, Depletion, and Amortization per BOE	4.79	5.34	2.05

Note_2_Summary_of_Significant_6

Note 2 - Summary of Significant Accounting Policies: Full Cost Ceiling Test (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Depletion	$66,380	$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_7

Note 2 - Summary of Significant Accounting Policies: Asset Retirement Obligation (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Details
Asset Retirement Obligation, Current	$84,102	$76,457

Note_2_Summary_of_Significant_8

Note 2 - Summary of Significant Accounting Policies: Fair Value Measurement, Policy: Schedule of Liabilities at Fair Value (Details) (USD $)	Dec. 31, 2014
Warrant derivative liabilities, Fair Value	$11,039,552
Fair Value, Inputs, Level 1
Warrant derivative liabilities, Fair Value	0
Fair Value, Inputs, Level 2
Warrant derivative liabilities, Fair Value	11,039,552
Fair Value, Inputs, Level 3
Warrant derivative liabilities, Fair Value	$0

Note_2_Summary_of_Significant_9

Note 2 - Summary of Significant Accounting Policies: Concentrations (Details) (One Customer, Sales)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
One Customer | Sales
Concentration Risk, Percentage	100.00%	100.00%	100.00%

Note_3_Going_Concern_Details

Note 3 - Going Concern (Details) (USD $)	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Total stockholders' deficit	($20,534,456)				($4,176,488)				($20,534,456)	($4,176,488)	($2,384,024)	($583,077)
Net loss	6,999,233	-56,946,844	-12,718,954	-16,167,341	-14,926,371	-8,764,170	-2,694,086	-732,016	-78,833,906	-27,116,643	-1,923,528
Net cash used in operating activities									-2,136,741	-1,881,392	-1,331,291
Notes Payable in Default	-350,000								-350,000
Works Property
Future Estimated Capital Requirements	$2,500,000								$2,500,000

Note_4_LowCal_Convertible_and_2

Note 4 - LowCal Convertible and Promissory Notes Payable: Summary of Convertible Promissory Notes (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
LowCal convertible and promissory notes payable, net of discount of $0 and $887,118, respectively	$8,250,000	$2,612,882
Unamortized discount	0	-887,118
LowCal Convertible Note
LowCal convertible and promissory notes payable, net of discount of $0 and $887,118, respectively	5,000,000	3,500,000
Subtotal
LowCal convertible and promissory notes payable, net of discount of $0 and $887,118, respectively	5,000,000	2,612,882
LowCal Promissory Note
LowCal convertible and promissory notes payable, net of discount of $0 and $887,118, respectively	$3,250,000	$0

Note_4_LowCal_Convertible_and_3

Note 4 - LowCal Convertible and Promissory Notes Payable (Details) (USD $)	12 Months Ended			6 Months Ended	0 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Jun. 30, 2013	Jan. 13, 2015	Nov. 06, 2013	Feb. 08, 2013	13-May-14
Proceeds from issuance of LowCal convertible and promissory notes	$2,250,000	$3,500,000	$250,000
Shares issued in connection with promissory note, Value		3,239,500	5,000
Convertible notes payable discount	0	887,118
Amortization of debt issuance costs	2,387,118	2,617,571	195,312
Common stock to be issued, shares	0	400,000
Shares of common stock to be issued - Nil and 400,000		3,370,000
Beneficial conversion feature related to issuance of convertible debt	12,750,000	1,106,250
Interest and finance costs	23,834,276	8,372,720	514,144
Beneficial conversion feature related to debt modification		2,579,562
Loss on debt extinguishment	-40,016,315	-3,388,704
Amortization of debt issuance costs	2,387,118	2,617,571	195,312
LowCal Loan
Proceeds from issuance of LowCal convertible and promissory notes	1,500,000			2,480,000
Debt Instrument, Face Amount						5,000,000	2,500,000
Debt Instrument, Interest Rate, Stated Percentage							10.00%
Debt Instrument, Maturity Date	30-Jun-15
Amortization of debt issuance costs	2,387,118	2,617,571	195,312
Long-term Debt, Gross		3,500,000
Common stock to be issued, shares	400,000	400,000
Shares of common stock to be issued - Nil and 400,000	3,370,000	3,370,000
Beneficial conversion feature related to issuance of convertible debt		1,106,250
Interest and finance costs		3,476,250
Beneficial conversion feature related to debt modification		2,579,562
Loss on debt extinguishment	1,832,576
Amortization of debt issuance costs	2,387,118	2,617,571	195,312
LowCal Loan | Subsequent Event
Proceeds from issuance of LowCal convertible and promissory notes					750,000
Debt Instrument, Face Amount					5,000,000
Debt Instrument, Maturity Date					30-Jun-15
Forgiveness of Accrued Interest					667,000
LowCal Loan | Tranche 1
Convertible notes payable discount							2,500,000
Debt Instrument, Fee Amount							739,500
Amortization of debt issuance costs		2,500,000
Amortization of debt issuance costs		2,500,000
LowCal Loan | Tranche 2
Proceeds from issuance of LowCal convertible and promissory notes		1,000,000
Interest and finance costs	9,356,500
LowCal Loan | Tranche 3
Interest and finance costs	11,250,000
Warrants, Outstanding	500,000
Exercise Price of Warrants	$4
LowCal Loan | Tranche 3 | Warrant
Warrants, Granted in Period, Grant Date Fair Value	$7,293,171
LowCal Loan | Common Stock
Debt Instrument, Convertible, Conversion Price						$4	$5	$2.50
Stock Issued During Period as a Financing Cost	600,000
Stock Issued During Period as a Financing Cost	7,604,000
LowCal Loan | Common Stock | Tranche 1
Shares issued in connection with promissory note, Shares	950,000
Shares issued in connection with promissory note, Value	$3,239,500

Note_5_Notes_Payable_Schedule_1

Note 5 - Notes Payable: Schedule of Notes Payable (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Notes payable	$1,273,000	$1,108,380
Note Payable at 24%
Notes payable	0	128,380
Note Payable at 18%
Notes payable	600,000	600,000
Note Payable at 6%
Notes payable	250,000	250,000
Note Payable at 5%
Notes payable	0	130,000
Note Payable at 2%
Notes payable	100,000	0
Note Payable at 4%
Notes payable	$323,000	$0

Note_5_Notes_Payable_Details

Note 5 - Notes Payable (Details) (USD $)

12 Months Ended

8 Months Ended

1 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Feb. 28, 2014

Apr. 30, 2013

Oct. 24, 2011

9-May-12

Feb. 16, 2012

22-May-12

Nov. 07, 2013

Aug. 02, 2012

Oct. 09, 2014

Sep. 30, 2014

sqft

Proceeds from issuance of notes payable

$523,000

$1,250,000

Repayment of notes payable

500,000

41,600

Gain on debt extinguishment

-40,016,315

-3,388,704

Note Payable at 24%

Proceeds from issuance of notes payable

200,000

Debt Instrument, Maturity Date Range, Start

7-Nov-11

Debt Instrument, Maturity Date Range, End

9-Jan-14

Debt Instrument, Interest Rate, Stated Percentage

6.00%

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

24.00%

Debt Instrument, Fee Amount

10,000

Repayment of notes payable

75,000

Note Payable at 24% | Common Stock

Debt Conversion, Converted Instrument, Shares Issued

66,000

Debt Conversion, Converted Instrument, Amount

693,001

Note Payable at 18%

Debt Instrument, Interest Rate, Stated Percentage

18.00%

Debt Instrument, Face Amount

600,000

400,000

Debt Instrument Shares Equity Incentive

275,000

Debt Instrument, Collateral

The loan is secured by a 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.

Note Payable at 6%

Debt Instrument, Maturity Date Range, Start

22-Sep-12

Debt Instrument, Maturity Date Range, End

31-Dec-14

Debt Instrument, Face Amount

350,000

Debt Instrument, Collateral

The loan is secured by a priority blanket security interest in all of the Company’s assets.

Warrants, Outstanding

250,000

175,000

Exercise Price of Warrants

$2.50

Investment Warrants Expiration Date

22-May-14

Note Payable at 6% | Warrant

Exercise Price of Warrants

$2.50

Rollins Loan | Warrant

Fair Value of Shares Issued

3,212,283

Note Payable at 5%

Repayment of notes payable

100,000

693,001

Debt Instrument, Face Amount

330,000

300,000

Area of Real Estate Property

7,500

Debt Instrument, Periodic Payment

7,500

Debt Instrument, Frequency of Periodic Payment

Monthly

Gain on debt extinguishment

30,000

Note Payable at 2%

Debt Instrument, Interest Rate, Stated Percentage

2.00%

Debt Instrument, Face Amount

200,000

Debt Instrument, Maturity Date

15-Mar-15

Debt Instrument, Exit Fee

$30,000

Repayments of Unsecured Debt

100,000

Note Payable at 4%

Debt Instrument, Interest Rate, Stated Percentage

4.00%

Debt Instrument, Face Amount

$323,000

Note_6_Convertible_Promissory_1

Note 6 - Convertible Promissory Note (Details) (USD $)	12 Months Ended		1 Months Ended	3 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Mar. 31, 2013	Mar. 31, 2013	Dec. 26, 2012
Loss on debt extinguishment	($40,016,315)	($3,388,704)
Clouding Loan
Debt Instrument, Face Amount					250,000
Debt Instrument, Maturity Date Range, Start	31-Mar-13
Debt Instrument, Interest Rate, Stated Percentage					4.00%
Debt Instrument, Fee Amount					25,000
Debt Instrument, Convertible, Conversion Price					$2.50
Long-term Debt, Gross	58,327	250,000
Debt Settement Agreement Terms	Pursuant to the settlement agreement, the Company was to make a one-time payment of $52,500 and issue 1,775,000 warrants to Clouding and certain related parties. If the $52,500 was not paid by August 22, 2014, then the amount due would be increased by 10% and then an additional 1% for each additional 30 days that the Company had not cured the default.
Exercise Price of Warrants	$4
Investment Warrants Expiration Date	20-Aug-18
Warrant Agreement Terms	The warrant agreement provided for a reduction in exercise price to 75% of the original exercise price if the Company did not pay the $52,500 by August 22, 2014 and also included an anti-dilution provision that would reduce the exercise price if the Company were to issue additional equities at a price below the exercise price which is in effect at the time of the issuance of the additional equities. Pursuant to the agreement, the exercise price was reduced to $3 when the Company did not make the required payment of $52,500 and further reduced the exercise price to $2.50 when the Company issued additional warrants with an exercise price of $2.50.
Loss on debt extinguishment	$26,264,059
Clouding Loan | Series B Preferred Stock
Issuance of stock for extension of notes payable, Shares			150,000	150,000
Clouding Loan | Common Stock
Conversion of Stock, Shares Converted				150,000

Note_7_Asset_Retirement_Obliga2

Note 7 - Asset Retirement Obligation: Schedule of Change in Asset Retirement Obligation (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Details
Asset retirement obligation, beginning of period	$76,457	$46,791
Additions	0	22,715
Accretion expense	7,645	6,951	4,254
Asset retirement obligations, end of period	$84,102	$76,457	$46,791

Note_8_Derivative_Liabilities_1

Note 8 - Derivative Liabilities (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Jun. 30, 2014
Change in fair value of derivative liabilities	$15,224,507
Warrant
Warrants, Outstanding		1,775,000
Change in fair value of derivative liabilities	$15,224,507

Note_8_Derivative_Liabilities_2

Note 8 - Derivative Liabilities: Schedule of Warrant Valuation Assumptions (Details) (USD $)	0 Months Ended		12 Months Ended
	Dec. 31, 2014	Aug. 20, 2014	Dec. 31, 2014	Aug. 20, 2014
Warrant derivative liabilities, Fair Value	$11,039,552		$11,039,552
Warrant
Fair Value Assumption Method Used			Black-Scholes-Merton pricing model
Exercise Price	$2.50	$4	$2.50	$4
Stock Price	$6.50	$15	$6.50	$15
Risk-free interest rate	1.10%	0.94%
Expected Volatility	188.00%	220.00%
Expected Life (in years)	3 years 7 months 20 days	4 years
Expected dividend yield	0.00%	0.00%
Warrant derivative liabilities, Fair Value	$11,039,552	$26,264,059	$11,039,552	$26,264,059

Note_9_Related_Party_Transacti1

Note 9 - Related Party Transactions (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Amounts due shareholder	$0	$164,610
Baychester
Fee for services to be rendered	35,000
Monthly Consulting Fee	10,000
Success fee for services to be rendered	35,000
Baychester | Plethora Bay Oil & Gas Ltd
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	10.00%
Plethora Enterprises, LLC
Related Party Transaction, Expenses from Transactions with Related Party	$360,000	$360,000
EOS Atlantic Oil and Gas | Plethora Bay Oil & Gas Ltd
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	10.00%
EOS Atlantic Oil and Gas | Baychester
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	10.00%

Note_10_Stockholders_Deficit_D

Note 10 - Stockholders' Deficit (Details) (USD $)	12 Months Ended					1 Months Ended				3 Months Ended	1 Months Ended		2 Months Ended	1 Months Ended				6 Months Ended	1 Months Ended
	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012	Feb. 28, 2014	Jan. 31, 2013	Mar. 31, 2013	Dec. 31, 2012	Mar. 31, 2013	Feb. 28, 2013	Feb. 28, 2012	Mar. 31, 2012	Sep. 30, 2012	Jul. 31, 2012	Aug. 31, 2013	Jun. 30, 2013	Dec. 31, 2013	Nov. 30, 2013	Feb. 08, 2013
Issuance of stock for services, Value	$601,119		$1,909,309		$31,800
Shares issued in connection with promissory note, Value			3,239,500		5,000
Convertible notes payable discount	0		887,118															887,118
Interest and finance costs	23,834,276		8,372,720		514,144
Loss on debt extinguishment	-40,016,315		-3,388,704
Repayment of notes payable			500,000		41,600
Common stock to be issued, shares	0		400,000															400,000
Shares of common stock to be issued - Nil and 400,000			3,370,000															3,370,000
Fair value of shares issued in connection with convertible note, Value	7,604,000
Proceeds from issuance of common stock for cash			90,450
Issuance of common stock for cash, Value			90,450
Clouding Loan
Loss on debt extinguishment	26,264,059
LowCal Loan
Interest and finance costs			3,476,250
Loss on debt extinguishment	1,832,576
Common stock to be issued, shares	400,000		400,000															400,000
Shares of common stock to be issued - Nil and 400,000	3,370,000		3,370,000															3,370,000
Fair value of shares issued in connection with convertible note, Value	7,604,000
Note Payable at 24%
Stock Issued Pursuant to Loan Settlement Agreement						66,000
Repayment of notes payable	75,000
Note Payable at 5%
Loss on debt extinguishment	30,000
Repayment of notes payable	100,000					693,001
Notes Reduction						53,380
Gains (Losses) on Restructuring of Debt						639,621
Other Issuance
Issuance of stock for services, Shares	20,000
Issuance of stock for services, Value	286,000						500
Sterling Atlantic LLC
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 for cash	15,000
Billy Parrott
Proceeds from issuance of common stock for cash	25,000
Series B Preferred Stock
Issuance of stock for services, Shares			25,000	[1]	600,000
Issuance of stock for services, Value			3	[1]	60
Shares issued in connection with promissory note, Shares			950,000	[2]	250,000
Shares issued in connection with promissory note, Value			95	[2]	25
Series B Preferred Stock | Clouding Loan
Shares issued in connection with promissory note, Shares									250,000
Shares issued in connection with promissory note, Value									5,000
Issuance of stock for extension of notes payable, Shares								150,000		150,000
Issuance of stock for extension of notes payable, Value								3,000
Series B Preferred Stock | LowCal Loan
Issuance of stock in connection with promissory note, Shares											950,000
Issuance of stock in connection with promissory note, Value											3,239,500
Convertible notes payable discount																				2,500,000
Interest and finance costs			739,500
Series B Preferred Stock | John Linton
Issuance of stock for services, Shares					200,000
Issuance of stock for services, Value					11,200
Series B Preferred Stock | Sharma Vatsala
Sale of Stock, Price Per Share												$0.06	$0.06
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
Issuance of stock in debt transaction, Shares													400,000
Issuance of stock in debt transaction, Value													22,400
Series B Preferred Stock | Agra Capital Advisors, LLC
Issuance of stock for services, Shares					300,000
Sale of Stock, Price Per Share					$0.06				$0.06
Issuance of stock for services, Value					16,800
Series B Preferred Stock | Quantum
Issuance of stock for services, Shares					50,000				50,000
Issuance of stock for services, Value					2,800				1,000
Series B Preferred Stock | Other Issuance
Issuance of stock for services, Shares							25,000
Series B Preferred Stock | Babcock Affiliates
Issuance of stock in debt transaction, Shares														20,000
Issuance of stock in debt transaction, Value														1,120
Series B Preferred Stock | RT Holdings LLC
Issuance of stock in debt transaction, Shares															20,000
Issuance of stock in debt transaction, Value															1,120
Common Stock
Issuance of stock for services, Shares	44,000	[3]	613,000	[3]
Issuance of stock for services, Value	4	[3]	61	[3]
Fair value of shares issued in connection with convertible note, Shares	1,000,000
Fair value of shares issued in connection with convertible note, Value	100
Issuance of common stock for cash, Shares			540,436
Issuance of common stock for cash, Value			54
Common Stock | LowCal Loan
Fair value of shares issued in connection with convertible note, Shares	600,000
Common Stock | Agra Capital Advisors, LLC
Issuance of stock for services, Shares																500,000
Issuance of stock for services, Value																1,250,000
Common Stock | Quantum
Issuance of stock for services, Shares			100,000
Issuance of stock for services, Value			570,500
Common Stock | Hahn Engineering Inc
Issuance of stock for services, Shares	24,000																	13,000
Issuance of stock for services, Value	315,119																	88,110
Shares to be issued monthly for services rendered	2,000
Restricted Stock Agreement Terms																	While initially such monthly issuances were capped at 24,000 shares, in June 2014 the parties agreed to continue the consulting agreement month to month and to continue to provide 2,000 restricted shares of common stock of the Company to Hahn each such month
Common Stock | Babcock Affiliates
Issuance of shares related to loan amendment, Shares			70,000
Issuance of shares related to loan amendment, Value			598,500
Common Stock | RT Holdings LLC
Issuance of shares related to loan amendment, Shares			28,885
Issuance of shares related to loan amendment, Value			239,497
Repayments of Debt																			-28,855
Loss on debt extinguishment	-210,642
Common Stock | Sterling Atlantic LLC
Issuance of common stock for cash, Shares	15,000
Common Stock | Billy Parrott
Issuance of common stock for cash, Shares	25,000
Common Stock | Brian Hannan And Jeffrey Ahlholm
Sale of Stock, Price Per Share	$0.10
Issuance of common stock for cash, Shares	500,000
Issuance of common stock for cash, Value	$50,000
Warrant | Clouding Loan
Non-Option Equity Instruments, Granted					1,000,000
Warrant | John Linton
Non-Option Equity Instruments, Granted					100,000
Warrant | Agra Capital Advisors, LLC
Non-Option Equity Instruments, Granted			100,000
Warrant | Babcock Affiliates
Non-Option Equity Instruments, Granted					20,000
Warrant | Sterling Atlantic LLC
Non-Option Equity Instruments, Granted	15,000
Warrant | Billy Parrott
Non-Option Equity Instruments, Granted	25,000
[1]	Issuance of Series B preferred stock for consulting services
[2]	Issuance of Series B preferred stock in connection with promissory note
[3]	Issuance of common stock for consulting services

Note_11_Stock_Options_and_Warr6

Note 11 - Stock Options and Warrants: Schedule of Stock Options, Activity (Details) (USD $)	0 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Details
Options, Outstanding, Beginning Balance		700,000	100,000	0
Options, Outstanding, Beginning Balance, Weighted Average Exercise Price		$2.50	$2.50	$0
Options, Outstanding, Weighted Average Remaining Contractual Term	0 years	3 years 9 months 22 days	4 years 25 days	2 years 6 months 29 days
Options, Granted		600,000	600,000	100,000
Options, Granted, Weighted Average Exercise Price		$2.50	$2.50	$2.50
Options, Exercised		0	0	0
Options, Exercised, Weighted Average Exercise Price			$0	$0
Options, Forfeited/Canceled		0	0	0
Options, Forfeited/Canceled, Weighted Average Exercise Price			$0	$0
Options, Outstanding, Ending Balance	700,000	1,300,000	700,000	100,000
Options, Outstanding, Ending Balance, Weighted Average Exercise Price	$2.50	$2.50	$2.50	$2.50
Options, Outstanding Intrinsic Value		$5,200,000
Options, Exercisable		1,000,000
Options, Exercisable Weighted Average Exercise Price		$2.50
Options, Exercisable Weighted Average Remaining Contractual Term		3 years 6 months 29 days
Options, Exercisable, Intrinsic Value		$4,000,000

Note_11_Stock_Options_and_Warr7

Note 11 - Stock Options and Warrants: Schedule of Options Exercisable and Outstanding (Details) (USD $)	0 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Outstanding, Number of Shares	700,000	1,300,000	700,000	100,000	0
Outstanding, Weighted Average Remaining Life (Years)	0 years	3 years 9 months 22 days	4 years 25 days	2 years 6 months 29 days
Outstanding, Weighted Average Exercise Price	$2.50	$2.50	$2.50	$2.50	$0
Options, Exercisable, Number of Shares		1,000,000
Options, Exercisable, Weighted Average Remaining Life (Years)		3 years 6 months 29 days
Options, Exercisable, Weighted Average Exercise Price		$2.50

Note_11_Stock_Options_and_Warr8

Note 11 - Stock Options and Warrants (Details) (USD $)	12 Months Ended		3 Months Ended	12 Months Ended	24 Months Ended	1 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Sep. 30, 2014	Dec. 31, 2012	Dec. 31, 2014	Jun. 30, 2013	22-May-12	Aug. 20, 2014	Jun. 30, 2014	Jul. 11, 2013
Non-cash finance costs	$20,876,170	$5,406,533
Gem Global Yield Fund
Financing commitment amount	400,000,000
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. As of January 11, 2015, the 18 month anniversary date of the agreement, the Company had not met this requirement and may now become liable for payment of this structuring fee to GEM.
SAI Geoconsulting Inc
Exercise Price of Warrants	$2.50				$2.50
SAI Geoconsulting Inc | Warrant Issuance One
Fair Value of Warrants	167,527
Fair Value Assumptions, Method Used		Black-Scholes model
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term		4 years 8 months 1 day
Expected volatility		214.00%
Expected dividend yield		0.00%
Risk-free interest rate		0.85%
SAI Geoconsulting Inc | Warrant Issuance Two
Share Based Compensation Expense		380,658
Non-Option Equity Instruments, Granted		200,000
Fair Value of Warrants		1,595,500
Fair Value Assumptions, Method Used		Black-Scholes model
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term		4 years 18 days
Expected volatility		277.00%
Expected dividend yield		0.00%
Risk-free interest rate		1.75%
DVIBRI, LLC
Share Based Compensation Expense	1,881,325
Exercise Price of Warrants	$2.50				$2.50
Fair Value Assumptions, Method Used	Black-Scholes option pricing model
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	3 years
Expected volatility	188.00%
Expected dividend yield	0.00%
Risk-free interest rate	1.10%
Warrants, Outstanding	199,992				199,992
Mark Bitter
Exercise Price of Warrants	$6				$6
Fair Value of Warrants	330,499
Fair Value Assumptions, Method Used	Black-Scholes option pricing model
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	3 years
Expected volatility	253.00%
Expected dividend yield	0.00%
Risk-free interest rate	0.86%
Warrants, Outstanding	20,000				20,000
BA Securities
Exercise Price of Warrants			$4
Fair Value of Warrants			6,404,466
Fair Value Assumptions, Method Used			Black-Scholes option pricing model
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term			4 years
Expected volatility			220.00%
Expected dividend yield			0.00%
Risk-free interest rate			0.94%
Warrants, Outstanding			500,000
Advisory Fee Description			In exchange for the provision of such M&A advisory services, at the close of certain potential acquisitions, BAS shall receive a cash fee equal to 1%-2% of the total size of the acquisition, plus warrant coverage equal to 3.75% of the total amount of the acquisition, divided by 2.5 and at an exercise price of $4.00 per share. Such warrants will have piggy-back registration rights, vest immediately and expire July 31, 2018.
Vicki P. Rollins
Fair Value of Warrants			3,212,283
Fair Value Assumptions, Method Used			Black-Scholes option pricing model
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term			4 years 1 month 2 days
Expected volatility			220.00%
Expected dividend yield			0.00%
Risk-free interest rate			0.90%
Warrants, Outstanding			250,000
Professional Pension Fund, LLC
Exercise Price of Warrants			$2.50
Fair Value of Warrants			2,766,716
Fair Value Assumptions, Method Used			Black-Scholes option pricing model
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term			3 years
Expected volatility			220.00%
Expected dividend yield			0.00%
Risk-free interest rate			1.07%
Warrants, Outstanding			200,000
Note Payable at 6%
Exercise Price of Warrants							$2.50
Warrants, Outstanding	250,000				250,000		175,000
Clouding Loan
Exercise Price of Warrants	$4				$4
Warrants, Outstanding								1,775,000
LowCal Loan
Fair Value of Warrants			7,293,270
Fair Value Assumptions, Method Used			Black-Scholes option pricing model
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term			3 years
Expected volatility			220.00%
Expected dividend yield			0.00%
Risk-free interest rate			0.87%
LowCal Loan | Tranche 3
Exercise Price of Warrants	$4				$4
Warrants, Outstanding	500,000				500,000
Warrant
Warrants, Outstanding									1,775,000
Warrant | Babcock Affiliates
Non-Option Equity Instruments, Granted				20,000
Exercise Price of Warrants	$2.50				$2.50
Fair Value of Warrants				793
Warrant | Gem Global Yield Fund
Share Based Compensation Expense				6,298
Non-Option Equity Instruments, Granted				8,372,000
Fair Value Assumptions, Method Used				Black-Scholes option-pricing model
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term				3 years
Expected volatility				214.00%
Expected dividend yield				0.00%
Risk-free interest rate				0.33%
Equity Instruments Other than Options, Vested in Period				2,399,000
Warrant | SAI Geoconsulting Inc
Award Vesting Rights	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
Non-Option Equity Instruments, Granted	250,000
Warrant | Agra Capital Advisors, LLC
Non-Option Equity Instruments, Granted		100,000
Exercise Price of Warrants		$4
Fair Value of Warrants		853,548
Fair Value Assumptions, Method Used		Black-Scholes model
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term		4 years 8 months 23 days
Expected volatility		277.00%
Expected dividend yield		0.00%
Risk-free interest rate		1.34%
Warrant | DVIBRI, LLC
Award Vesting Rights	16,666 warrants vesting each month
Warrant | Note Payable at 6%
Non-Option Equity Instruments, Granted				175,000
Exercise Price of Warrants	$2.50				$2.50
Fair Value of Warrants				4,675
Warrant | Clouding Loan
Share Based Compensation Expense				2,743
Non-Option Equity Instruments, Granted				1,000,000
Exercise Price of Warrants	$3				$3
Fair Value Assumptions, Method Used				Black-Scholes option-pricing model
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term				3 years
Expected volatility				214.00%
Expected dividend yield				0.00%
Risk-free interest rate				0.33%
Gem B Warrants | Gem Global Yield Fund
Options, Vested, Number of Shares		1,303,000
Non-Option Equity Instruments, Granted	651,500
Exercise Price of Warrants										$3
Fair Value of Warrants		4,095,407
Fair Value Assumptions, Method Used		Black-Scholes option pricing model
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term		3 years 4 months 2 days
Expected volatility		214.00%
Expected dividend yield		0.00%
Risk-free interest rate		0.65%
Partners B Warrants | Gem Global Yield Fund
Non-Option Equity Instruments, Granted	651,500
Exercise Price of Warrants										$3
Gem C Warrants | Gem Global Yield Fund
Non-Option Equity Instruments, Granted	2,335,000
Exercise Price of Warrants										$5.35
Partners C Warrants | Gem Global Yield Fund
Non-Option Equity Instruments, Granted	2,335,000
Exercise Price of Warrants										$5.35
Additional Warrants | Gem Global Yield Fund
Non-Option Equity Instruments, Granted	1,500,000
Fair Value of Warrants	19,085,444	11,965,068
Fair Value Assumptions, Method Used	Black-Scholes option pricing model	Black-Scholes option pricing model
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	4 years	4 years 6 months 11 days
Expected volatility	220.00%	277.00%
Expected dividend yield	0.00%	0.00%
Risk-free interest rate	0.92%	1.79%
Non-cash finance costs	13,415,380	5,670,064			19,085,444
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$14.92	$3.23		$0.04
Share Based Compensation Expense	5,443,458	967,954		3,964
Nonvested Awards, Unamortized Compensation Cost	4,475,501				4,475,501
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	4 years 11 months 12 days	3 years		3 years
Expected volatility	220.00%	214.00%		214.00%
Expected dividend yield	0.00%	0.00%		0.00%
Risk-free interest rate	0.73%	0.73%		0.39%
Chief Executive Officer | Employee Stock Option
Deferred Compensation Arrangement with Individual, Shares Issued			600,000			600,000
Deferred Compensation Arrangement with Individual, Exercise Price			$2.50			$2.50
Deferred Compensation Arrangement with Individual, Maximum Contractual Term			5 years			5 years
Fair Value of Shares Issued			1,935,908			1,935,908
Award Vesting Rights			The remaining options shall vest in monthly installments of 50,000 commencing August 31, 2014 and continuing thereafter every month Mr. Oring’s employment agreement remains in effect			50,000 options shares vested each month the employment agreement remained in effect through June 30, 2014
Options, Vested, Number of Shares			50,000
John Linton | Warrant
Non-Option Equity Instruments, Granted				100,000
Exercise Price of Warrants	$3				$3
Fair Value of Warrants				$2,542

Note_11_Stock_Options_and_Warr9

Note 11 - Stock Options and Warrants: Schedule of Valuation Assumptions used for Options Granted (Details) (Employee Stock Option)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Employee Stock Option
Risk-free interest rate	0.73%	0.73%	0.39%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	4 years 11 months 12 days	3 years	3 years
Expected volatility	220.00%	214.00%	214.00%
Expected dividend yield	0.00%	0.00%	0.00%
Expected forfeitures	0.00%	0.00%	0.00%

Recovered_Sheet1

Note 11 - Stock Options and Warrants: Schedule of Warrants, Activity (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Details
Warrants, Outstanding, Beginning Balance	11,558,000	9,668,000	0
Warrants, Outstanding, Beginning Balance, Weighted Average Exercise Price	$4.50	$0	$0
Warrants, Weighted Average Remaining Contractual Life	1 year 11 months 16 days	2 years 2 months 16 days		0 years
Warrants, Granted	3,444,992	1,890,000	9,668,000
Warrants, Granted Weighted Average Exercise Price	$2.99	$7.18	$4
Warrants Exercised	0	0	0
Warrants, Exercised, Weighted Average Exercise Price	$0	$0	$0
Warrants, Forfeited/Canceled		0	0
Warrants, Forfeited/Canceled, Weighted Average Exercise Price	$2.62	$0	$0
Warrants, Outstanding, Ending Balance	14,577,992	11,558,000	9,668,000	0
Warrants, Outstanding, Ending Balance, Weighted Average Exercise Price	$4.69	$4.50	$0	$0
Warrants, Outstanding Intrinsic Value	$36,008,468
Exercisable	9,874,660
Exercisable, Weighted Average Exercise Price	$4.39
Exercisable, Weighted Average Remaining Contractual Life	2.45
Exercisable, Intrinsic Value	$30,514,640

Recovered_Sheet2

Note 11 - Stock Options and Warrants: Schedule of Exerciseable and Outstanding Warrants (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2011
Number of Shares	14,577,992
Weighted Average Remaining Life (Years)	1 year 11 months 16 days	2 years 2 months 16 days	0 years
Exercisable, Number of Shares	9,874,660
Warrants | 2.50
Number of Shares	4,909,992
Weighted Average Remaining Life (Years)	2 years 5 months 16 days
Weighted Average Exercise Price ($)	2.5
Exercisable, Number of Shares	4,876,660
Exercisable, Weighted Average Remaining Life (Years)	2 years 4 months 28 days
Exercisable, Weighted Average Exercise Price ($)	2.5
Warrants | 3.00
Number of Shares	2,303,000
Weighted Average Remaining Life (Years)	1 year 5 months 23 days
Weighted Average Exercise Price ($)	3
Exercisable, Number of Shares	2,303,000
Exercisable, Weighted Average Remaining Life (Years)	1 year 5 months 23 days
Exercisable, Weighted Average Exercise Price ($)	3
Warrants | 4.00
Number of Shares	1,175,000
Weighted Average Remaining Life (Years)	3 years 2 months 1 day
Weighted Average Exercise Price ($)	4
Exercisable, Number of Shares	1,175,000
Exercisable, Weighted Average Remaining Life (Years)	3 years 2 months 1 day
Exercisable, Weighted Average Exercise Price ($)	4
Warrants | 5.35
Number of Shares	4,670,000
Weighted Average Remaining Life (Years)	10 months 13 days
Weighted Average Exercise Price ($)	5.35
Warrants | 6.00
Number of Shares	20,000
Weighted Average Remaining Life (Years)	2 years 3 months 29 days
Weighted Average Exercise Price ($)	6
Exercisable, Number of Shares	20,000
Exercisable, Weighted Average Remaining Life (Years)	2 years 3 months 29 days
Exercisable, Weighted Average Exercise Price ($)	6
Warrants | 12.95
Number of Shares	1,500,000
Weighted Average Remaining Life (Years)	3 years 6 months 11 days
Weighted Average Exercise Price ($)	12.95
Exercisable, Number of Shares	1,500,000
Exercisable, Weighted Average Remaining Life (Years)	3 years 6 months 11 days
Exercisable, Weighted Average Exercise Price ($)	12.95

Note_12_Commitments_and_Contin2

Note 12 - Commitments and Contingencies (Details) (USD $)	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012	Sep. 17, 2014
Issuance of stock for services, Value	$601,119		$1,909,309		$31,800
Common Stock, Par Value	$0.00		$0.00
Merger Agreement Termination Provisions	if the Dune Merger Agreement is terminated, depending on the circumstances that caused the termination, either: (i) the Company may owe Dune a termination fee of $5.5 million dollars, or (ii) Dune may owe the Company a termination fee of $3.5 million dollars
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	177,545		177,545		48,000
DVIBRI, LLC
Monthly Compensation, Amount	10,000
Warrants, Outstanding	199,992
Dune Energy, Inc
Loss Contingency, Damages Sought, Value	5,500,000
Common Stock, Par Value						$0.00
Cash Tender Offer, Per Share Price	$0.30
Future Estimated Expenses to Consummate Merger	140,000,000
Cost Of Shares Acquired	22,000,000
Business Acquisition, Transaction Costs	11,000,000
Business Combination, Consideration Transferred, Liabilities Incurred	107,000,000
Common Stock
Issuance of stock for services, Shares	44,000	[1]	613,000	[1]
Issuance of stock for services, Value	4	[1]	61	[1]
Common Stock | DVIBRI, LLC
Issuance of stock for services, Shares	20,000
Issuance of stock for services, Value	286,000
Babcock Lease
Loss Contingency, Damages Sought, Value	$149,625
[1]	Issuance of common stock for consulting services

Note_12_Commitments_and_Contin3

Note 12 - Commitments and Contingencies: Schedule of Future Minimum Lease Payments (Details) (USD $)	Dec. 31, 2014
Details
2015	$193,248
2016	198,876
2017	68,876
Operating leases, future minimum payments due	$461,000

Note_13_Income_Taxes_Schedule_3

Note 13 - Income Taxes: Schedule of Deferred Tax Assets (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Deferred Tax Assets
Net Operating Loss Carryforwards	$2,712,421	$1,941,839
Deferred Compensation	36,450	23,901
Accrued expenses	416,513	179,094
Stock Based Compensation	181,247	181,247
Valuation Allowance	-3,346,631	-2,326,081
Net Deferred Tax Asset	$0	$0

Note_13_Income_Taxes_Schedule_4

Note 13 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2014	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	27.00%	20.00%	7.00%
Increase in Valuation Allowance	13.00%	20.00%	33.00%
Effective income tax rate	0.00%	0.00%	0.00%

Note_13_Income_Taxes_Schedule_5

Note 13 - Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Details
Current federal income tax	$0	$0	$0
Current state income tax	0	0	0
Deferred taxes	-1,020,550	-1,075,587	-696,004
Valuation Allowance	1,020,550	1,075,587	696,004
Income Tax Expense (Benefit), Total	$0	$0	$0

Note_13_Income_Taxes_Details

Note 13 - Income Taxes (Details) (USD $)	12 Months Ended
	Dec. 31, 2014
Operating Loss Carryforwards	6,719,000
Minimum
Operating Loss Carryforwards, Expiration Date	31-Dec-31

Note_14_Subsequent_Events_Deta

Note 14- Subsequent Events (Details) (USD $)	0 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Feb. 12, 2015
Subsequent Event | Note Payable at 10% | Plethora Enterprises, LLC
Debt Instrument, Face Amount	$150,000
Debt Instrument, Interest Rate, Stated Percentage	10.00%
Debt Instrument, Maturity Date, Description	The maturity date is 120 days from the date of issuance.
Dune Energy, Inc
Loss Contingency, Damages Sought, Value		5,500,000
Jerry Astor | Subsequent Event | Warrant
Warrants, Outstanding			100,000
Jerry Astor | Subsequent Event | Warrant 1A
Warrants, Outstanding			50,000
Exercise Price of Warrants			2.5
Jerry Astor | Subsequent Event | Warrant 1B
Warrants, Outstanding			50,000
Exercise Price of Warrants			3
Clearview Partners II, LLC | Subsequent Event | Note Payable at 10%
Debt Instrument, Face Amount	$150,000
Debt Instrument, Interest Rate, Stated Percentage	10.00%
Debt Instrument, Maturity Date, Description	The maturity date is 120 days from the date of issuance.

Note_15_Selected_Quarterly_Dat2

Note 15 - Selected Quarterly Data (Unaudited): Condensed Income Statement (Details) (USD $)	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Details
Revenue	$145,820	$187,805	$323,121	$103,706	$126,831	$248,820	$196,776	$23,978	$760,452	$596,405
Gain (loss) from operations	-697,195	-11,690,567	-6,814,549	-11,005,511	-5,982,800	-7,873,270	-828,221	-670,928	-30,207,822	-15,355,219	-1,351,999
Net gain (loss)	$6,999,233	($56,946,844)	($12,718,954)	($16,167,341)	($14,926,371)	($8,764,170)	($2,694,086)	($732,016)	($78,833,906)	($27,116,643)	($1,923,528)
Basic and diluted loss per share	$0.15	($1.21)	($0.27)	($0.35)	($0.33)	($0.19)	($0.06)	($0.01)	($1.68)	($0.59)	($0.05)

Note_16_Supplemental_Informati6

Note 16 - Supplemental Information Relating To Oil and Gas Producing Activities (Unaudited): Schedule of Costs Incurred in Oil and Gas Property Acquisition, Exploration, and Development Activities (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Details
Unproved property acquisition costs	$0	$0	$0
Exploration costs	0	117,050	76,746
Development costs	0	0	0
Asset retirement obligation	7,645	6,951	4,254
Total cost incurred	$7,645	$124,001	$81,000

Note_16_Supplemental_Informati7

Note 16 - 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, 2014	Dec. 31, 2013	Dec. 31, 2012
	bbl	bbl	bbl
Details
Balance, beginning of the year	222,413	89,054	69,090
Purchase of reserves in place	0	0	0
Revision of previous estimates	20,588	140,101	20,863
Production	-8,779	-6,742	-899
Net change	234,222	222,413	89,054

Note_16_Supplemental_Informati8

Note 16 - Supplemental Information Relating To Oil and Gas Producing Activities (Unaudited): Schedule of Estimated Proved Developed and Undeveloped Reserves (Details)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
	bbl	bbl	bbl	bbl
Details
Proved Developed Reserves	59,310	41,453	33,912
Proved Undeveloped Reserve	174,912	180,960	55,142
Total proved reserves	234,222	222,413	89,054	69,090

Note_16_Supplemental_Informati9

Note 16 - Supplemental Information Relating To Oil and Gas Producing Activities (Unaudited) (Details)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Crude Oil and NGL
Average Sales Prices	88	90	87
Oil Price	59
Oil and Gas Properties
Percent of discount for estimating proven oil and gas reserves	10.00%

Recovered_Sheet3

Note 16 - Supplemental Information Relating To Oil and Gas Producing Activities (Unaudited): Schedule of Changes in Standardized Measure of Discounted Future Net Cash Flows (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Details
Future cash inflows	$20,606,888	$19,999,359	$7,728,962
Future production and development costs	-4,452,624	-5,479,000	-2,802,100
Future income taxes	-3,774,242	-3,894,466	-1,063,757
Future Net Cash Flows	12,380,022	10,625,893	3,863,105
Discount of future net cash flows at 10% per annum	-4,175,018	-4,058,069	-1,231,826
Standardized measure of discounted future net cash flows	$8,205,004	$6,567,824	$2,631,279	$1,949,660

Recovered_Sheet4

Note 16 - 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, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2014
Details
Beginning of the year	$6,567,824	$2,631,279	$1,949,660	$8,205,004
Sales and Transfers of Oil and Gas Produced, Net of Production Costs	-333,376	-194,763	97,722
Purchases of Minerals in Place	0	0	0
Revisions of Previous Quantity Estimates	1,970,516	4,131,308	583,897
Net change	$8,204,964	$6,567,824	$2,631,279