Hydrocarb Energy (HECCQ) 10-Q 15 Dec 14 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Oct. 31, 2014	Dec. 15, 2014
Document and Entity Information [Abstract]
Entity Registrant Name	HYDROCARB ENERGY CORP
Entity Central Index Key	1425808
Current Fiscal Year End Date	-24
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		21,206,794
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Oct-14

CONSOLIDATED_BALANCE_SHEETS_Un

CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)	Oct. 31, 2014	Jul. 31, 2014
Current assets:
Cash and cash equivalents	$1,842,898	$144,258
Oil and gas revenues receivable	239,213	372,120
Accounts receivable - related party	57	58,014
Other current assets	287,298	446,320
Other receivables	91,252	38,455
Total current assets	2,460,718	1,059,167
Oil and gas property, accounted for using the full cost method of accounting
Evaluated property, net of accumulated depletion of $3,701,639 and $3,491,420, respectively; and accumulated impairment of $373,335 and $373,335, respectively	15,286,410	15,288,370
Unevaluated property	2,260,911	2,119,769
Restricted cash	6,877,944	6,877,944
Other assets	453,712	219,942
Property and equipment, net of accumulated depreciation of $145,644 and $135,590, respectively	156,035	166,963
TOTAL ASSETS	27,495,730	25,732,155
Current liabilities:
Accounts payable and accrued expenses	2,241,040	2,795,675
Current portion of notes payable	48,705	334,688
Asset retirement obligations - short term	60,000	1,133,690
Advances	226,613	195,904
Due to related parties	98,585	165,542
Total current liabilities	2,674,943	4,625,499
Notes payable, net of discount	3,643,380	0
Notes payable - related party	600,000	600,000
Asset retirement obligations - long term	11,906,007	10,582,540
Total liabilities	18,824,330	15,808,039
Stockholders' Deficit:
Common stock: $001 par value; 333,333,333 shares authorized; 21,180,812 and 21,081,602 shares issued and outstanding as of October 31, 2014 and July 31, 2014, respectively	21,181	21,082
Receivable for common stock	-2,184,879	-2,184,879
Additional paid-in capital	79,481,630	78,953,599
Accumulated deficit	-71,885,874	-70,106,351
Total stockholders' equity	8,707,258	9,958,651
Noncontrolling interests	-35,858	-34,535
Total equity	8,671,400	9,924,116
TOTAL LIABILITIES AND EQUITY	27,495,730	25,732,155
Series A 7% Convertible Preferred Stock [Member]
Stockholders' Deficit:
Preferred stock	$3,275,200	$3,275,200

CONSOLIDATED_BALANCE_SHEETS_Un1

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) (USD $)	Oct. 31, 2014	Jul. 31, 2014
Assets
Accumulated depletion on evaluated oil and gas property accounted for using the full cost method of accounting	$3,701,639	$3,491,420
Accumulated impairment on evaluated oil and gas property accounted for using the full cost method of accounting	373,335	373,335
Accumulated depreciation recorded for property and equipment	$145,644	$135,590
Equity [Abstract]
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized (in shares)	333,333,333	333,333,333
Common stock, issued (in shares)	21,180,812	21,081,602
Common stock, outstanding (in shares)	21,180,812	21,081,602
Series A 7% Convertible Preferred Stock [Member]
Equity [Abstract]
Preferred Stock, par value (in dollars per share)	$400	$400
Preferred Stock, shares authorized (in shares)	10,000	10,000
Preferred Stock, issued (in shares)	8,188	8,188
Preferred Stock, outstanding (in shares)	8,188	8,188

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)	3 Months Ended
	Oct. 31, 2014	Oct. 31, 2013
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) [Abstract]
Revenues	$1,205,429	$1,840,211
Operating expenses
Lease operating expense	1,297,555	1,117,332
Depreciation, depletion, and amortization	224,256	301,915
Accretion	302,208	243,976
Consulting fees - related party	0	6,754
General and administrative expense	943,280	1,791,999
Total operating expenses	2,767,299	3,461,976
Loss from operations	-1,561,870	-1,621,765
Consulting and other income	4,042	-25,326
Interest income (expense), net	-227,777	58,192
Foreign currency transaction gain (loss)	4,759	-1,655
Net loss before income taxes	-1,780,846	-1,590,554
Income tax (provision) benefit	0	-4,599
Net loss	-1,780,846	-1,595,153
Less: Net loss attributable to noncontrolling interests	-1,323	-1,472
Net loss attributable to Hydrocarb Energy Corp.	-1,779,523	-1,593,681
Dividend on preferred stock	0	-31,235
Net loss attributable to Hydrocarb Energy Corp. after dividends	($1,779,523)	($1,624,916)
Basic and diluted loss per common share (in dollars per share)	($0.08)	($0.37)
Weighted average shares outstanding (basic and diluted) (in shares)	21,151,819	4,427,001

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	3 Months Ended
	Oct. 31, 2014	Oct. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	($1,780,846)	($1,595,153)
Adjustments to reconcile net income loss to net cash used in operating activities:
Depreciation, depletion, and amortization	224,256	301,915
Accretion	302,208	243,976
Amortization of debt discount, loan origination fees and prepaid interest	196,278	0
Warrants granted to related party	0	6,754
Share based compensation	280,475	983,930
Changes in operating assets and liabilities:
Accounts receivable	132,907	147,787
Accounts receivable - related party	57,957	109,426
Accounts payable and accrued expenses	-554,635	25,724
Due to related parties	-66,957	1,052,784
Advances	30,709	5,920
Settlement of asset retirement obligations	0	-59,518
Other assets and receivables	114,400	380,634
NET CASH USED IN OPERATIONS	-1,063,248	1,604,179
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of oil and gas properties	-401,831	-888,745
Purchases of property and equipment	-3,110	-32,130
NET CASH USED IN INVESTING ACTIVITIES	-404,941	-920,875
CASH FLOWS FROM FINANCING ACTIVITIES
Payments on notes payable	-285,983	-142,465
Proceeds from borrowings	3,452,812	0
Dividend on HCN preferred stock	0	-31,235
Proceeds from subsidiary sale of its common stock	0	31,071
NET CASH PROVIDED BY FINANCING ACTIVITIES	3,166,829	-142,629
EFFECT OF EXCHANGE RATES ON CASH	0	0
NET CHANGE IN CASH AND CASH EQUIVALENTS	1,698,640	540,675
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	144,258	352,829
CASH AND CASH EQUIVALENTS AT END OF PERIOD	1,842,898	893,504
Cash paid during the period for:
Income taxes	0	10,000
Interest	$8,054	$10,563

Description_of_Business_and_Su

Description of Business and Summary of Significant Accounting Policies	3 Months Ended
	Oct. 31, 2014
Description of Business and Summary of Significant Accounting Policies [Abstract]
Description of Business and Summary of Significant Accounting Policies	Note 1 – Description of Business and Summary of Significant Accounting Policies
	Description of business and basis of presentation
	The unaudited consolidated financial statements of Hydrocarb Energy Corp. (“Hydrocarb”, “HEC”, the “Company”, “we”, “us”, and “our”) have been prepared in accordance with accounting principles generally accepted in the United States and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in our Annual Report filed with the SEC on Form 10-K for the year ended July 31, 2014. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein.  The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal year ended July 31, 2014, as reported in the Form 10-K, have been omitted.
	While working towards plans and expectations of being listed on a major stock exchange, we currently trade on the OTCQB under the stock symbol “HECC”.
	We are a natural resource exploration and production company engaged in the exploration, acquisition, development, and production of oil and gas properties in the United States and onshore in Namibia, Africa.  We maintain developed acreage offshore in Texas.  As part of our ongoing business strategy, we continue to review and evaluate acquisition opportunities in the continental United States and internationally.
	Reclassifications
	Certain prior year amounts have been reclassified to conform with the current presentation.
	Principles of consolidation
	We own 100% of the issued and outstanding share capital of (i) Penasco Petroleum Inc. (“Penasco”), a Nevada corporation, (ii) Galveston Bay Energy, LLC (“GBE”), a Texas limited liability company, (iii) SPE Navigation I, LLC, a Nevada limited liability company (“SPE”), (iv) Namibia Exploration, Inc. (“NEI”), a Nevada corporation, (v) Hydrocarb Corporation, a Nevada corporation (“HCN”), (vi) Hydrocarb Texas Corporation, a Texas corporation, and (vii) Hydrocarb Namibia Energy (Pty) Limited (“Namibia”), a company chartered in the Republic of Namibia.  In addition, we own 95% of the issued and outstanding share capital of Otaiba Hydrocarb LLC (“Otaiba”), a UAE limited liability corporation. The accompanying consolidated financial statements include the accounts of the entities noted above.  All significant intercompany accounts and transactions have been eliminated in consolidation.
	The acquisition of HCN, an entity under common control, on December 9, 2013 (See Note 2 – HCN Acquisition) has resulted in a change in the reporting entity. The consolidated financial statements presented for the periods subsequent to the acquisition include the accounts of HCN and its subsidiaries. As HEC and HCN are under the common control of the same shareholder group, the acquired assets and liabilities were recorded at the historical carrying value and the consolidated financial statements were retroactively restated to reflect the Company as if HCN had been owned since the beginning of the earliest period presented.
	Noncontrolling interests
	Our consolidated financial statements include the accounts of all subsidiaries where we hold a controlling financial interest.  We have a controlling financial interest if we own a majority of the outstanding voting common stock and minority shareholders do not have substantive participating rights, we have significant control over an entity through contractual or economic interests in which we are the primary beneficiary or we have the power to direct the activities that most significantly impact the entity’s economic performance.  The ownership interest in subsidiaries held by third parties are presented in the consolidated balance sheet within equity, but separate from the parent’s equity, as noncontrolling interest.  All significant intercompany balances and transactions have been eliminated in consolidation.
	Cash and cash equivalents
	Cash and cash equivalents are all highly liquid investments with an original maturity of three months or less at the time of purchase and are recorded at cost, which approximates fair value.
	Our functional currency is the United States dollars. Transactions denominated in foreign currencies are translated into their United States dollar equivalents using current exchange rates. Monetary assets and liabilities are translated using exchange rates that prevailed as of the balance sheet date. Non-monetary assets and liabilities are translated using exchange rates that prevailed as of the transaction date. Revenue, if applicable, and expenses are translated using average exchange rates over the accounting period. We have had no revenue denominated in foreign currencies. Gains or losses resulting from foreign currency transactions are included in results of operations.
	Stock Split
	On May 8, 2014, we effected a 1:3 reverse split of our authorized common stock and a corresponding 1:3 reverse split of our outstanding common stock.  All share and per share amounts in this report have been retroactively restated to reflect the reverse split.  This presentation is consistent with the guidance in ASC 260-10-55-12, Earnings per Share, which requires retroactive restatement of earnings per share if a capital structure change due to a stock dividend, stock split or reverse split occurs after the date of the latest balance sheet, but before the release of the financial statements.
	Recent accounting pronouncements
	In August 2014, the FASB issued Accounting Standard Update No. 2014-15 ("ASU No. 2014-15"),  Presentation of Financial Statements Going Concern (Subtopic 205-40) which requires management to assess an entity's ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards. Specifically, ASU 2014-15 provides a definition of the term substantial doubt and requires an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). It also requires certain disclosures when substantial doubt is alleviated as a result of consideration of management's plans and requires an express statement and other disclosures when substantial doubt is not alleviated. ASU No. 2014-15 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, early application is permitted. We are currently evaluating the accounting implication and do not believe the adoption of ASU 2014-15 to have material impact on our consolidated financial statements, although there may be additional disclosures upon adoption.
	Other recently issued or adopted accounting pronouncements are not expected to have, or did not have, a material impact on our financial position or results from operations.

HCN_Acquisition

HCN Acquisition	3 Months Ended
	Oct. 31, 2014
HCN Acquisition [Abstract]
HCN Acquisition	Note 2 – HCN Acquisition
	On December 9, 2013 (“Acquisition Date”), we acquired HCN pursuant to a Share Exchange Agreement (“Agreement”) dated November 27, 2013.  The purchase price was 8,396,667 shares of HEC’s common stock to HCN’s shareholders in exchange for 100% of the outstanding equity interest in HCN and 8,188 shares of HEC Series A Preferred Stock to a holder of convertible preferred stock in HCN in exchange of 100% of his preferred stock in HCN. At date of closing the 8,396,667 shares of common stock issued had a market valuation of $64,990,200 (based on market close of $7.74 on December 9, 2013) and the preferred stock issued had a value of $3,275,200 (8,188 shares at par value of $400).
	In addition, the acquisition Agreement provided that HEC would issue 7,470,000 shares of its common stock to the holders of certain rights to acquire HEC stock.  These rights were previously issued by HEC as contingent consideration in connection with the acquisition of NEI.  The rights had been convertible into HEC common stock based upon HEC market capitalization milestones.  The rights were issued to entities deemed related parties to HEC.
	In anticipation of the HCN acquisition, HEC issued 619,960 shares of its common stock to HCN as full payment for HEC’s indebtedness to HCN in the amount of $3,589,567.  A condition to the Agreement closing was that HCN would sell the 619,960 shares before closing of the acquisition, which it did (see Note 7 – Capital Stock – Receivables for Common Stock).
	With HCN, we acquired its 100% owned subsidiaries: Hydrocarb Namibia Energy (Pty) Limited, a Namibia Company and Hydrocarb Texas Corporation, a Texas Corporation; and its 95% owned subsidiary Otaiba Hydrocarb LLC, a UAE Limited Liability Company.
	Prior to the HCN acquisition, HCN was directly and indirectly majority-owned and controlled by HEC’s Chairman of the Board and entities related to him and his family.  Since HCN and HEC were under common control of a controlling party both before and after the completion of the share exchange, the transaction was accounted for as a business acquired from an entity under common control and the assets and liabilities acquired were recorded at HCN’s historical cost at Acquisition Date following ASC 805-50-30, Business Combinations.  Under this accounting treatment, the results of operations for the three months ended October 31, 2014 and assets and liabilities of HCN are included in these financial statements as if the transaction had occurred at the beginning of the period.  Prior reporting periods in these financial statements have been retroactively adjusted to include HCN and its subsidiaries.
	According to ASC 805-50-30, the net assets of HCN are to be recorded at historical cost, therefore, the value of the 8,396,667 common shares and 8,188 preferred shares are deemed to be the same as the historical value of HCN net assets of $1,398,127 with excess of $599,409 recorded as additional paid in capital by HEC.
	Summary of the accounting entry to record this acquisition in 2013 is as follows.
	Assets acquired		$	1,529,246
	Liabilities assumed			(161,599	)
	Noncontrolling interest in 95% owned HCN subsidiary			30,480
			$	1,398,127
	Series A 7% Preferred Stock, par $400			3,275,200
	Common stock, at par			8,397
	Receivable for common stock			(2,484,879	)
	Additional paid-in capital			599,409
			$	1,398,127
	HCN had 51% working-interest rights in and operated an unevaluated Namibian concession described in Note 3 – Oil and Gas Properties, below, and provided international oilfield consulting services.  Prior to this acquisition, HEC owned 39% working-interest right in this concession.  With the HCN acquisition, we now own 90% working interest (100% cost responsibility) in the concession.  This 5.3 million-acre concession is located in northern Namibia in Africa.  The concession specifies the following minimum cost responsibilities on an 8/8ths basis:
		1)	Initial Exploration Period (expires September 2015): Perform a hydrocarbon potential study, gather and review existing technical data including reprocessing of available seismic lines, and acquire and process 750 kilometers of new 2D seismic data.  The minimum expenditure is $4,505,000.
		2)	First Renewal Exploration Period (two years from end of the Initial Exploration Period):  Acquire 200 square kilometers of 3D seismic data, interpret and map the data, design a drilling program, drill one well, conduct an environmental study, and relinquish 25% of the exploration license area.  The minimum expenditure is $17,350,000.
		3)	Second Renewal (Production License) Exploration Period (25 years):  Report on reserves and production and conduct an environmental study.  The minimum expenditure is $300,000.
	In conjunction with the HCN acquisition, the HEC Board of Directors authorized the immediate issuance of 7,470,000 shares of our common stock to the former owners of NEI.  We previously acquired NEI on August 7, 2012 and these 7,470,000 shares had been contingently-issuable consideration for the acquisition of NEI. We issued these shares on December 9, 2013. The original agreement contained market conditions for the issuance of this stock.

Supplemental_Cash_Flow_Informa

Supplemental Cash Flow Information	3 Months Ended
	Oct. 31, 2014
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	Note 3 – Supplemental Cash Flow Information
		Three Months Ended
		31-Oct-14			31-Oct-13
	NONCASH INVESTING AND FINANCING ACTIVITIES
	Receipt of HEC common stock for notes receivable	$	-		$	1,000,000
	Asset retirement obligation sold	$	-		$	4,381
	Accounts payable for oil and gas properties	$	-		$	11,373
	Asset retirement obligations – change in estimate	$	(52,431	)	$	-
	Value of shares issued to lenders as part of debt financing	$	247,655		$	-

Oil_and_Gas_Properties

Oil and Gas Properties	3 Months Ended
	Oct. 31, 2014
Oil and Gas Properties [Abstract]
Oil and Gas Properties	Note 4 – Oil and Gas Properties
	Oil and natural gas properties as of October 31, 2014 and July 31, 2014 consisted of the following:
			October 31,			July 31,
			2014			2014
	Evaluated Properties
	Costs subject to depletion		$	19,361,384		$	19,153,125
	Accumulated impairment			(373,335	)		(373,335	)
	Accumulated depletion			(3,701,639	)		(3,491,420	)
	Total evaluated properties			15,286,410			15,288,370
	Unevaluated properties			2,260,911			2,119,769
	Net oil and gas properties		$	17,547,321		$	17,408,139
	Evaluated properties
	Additions to evaluated oil and gas properties during the three months ended October 31, 2014 consisted mainly of exploration costs, specifically, geological and geophysical costs of approximately $261,000.
	Unevaluated Properties
	Namibia, Africa
	We own 90% (100% cost responsibility) of our Namibia concession, as described above in Note 2 –Acquisitions.
	Additions to unevaluated properties of approximately $141,000 during the three months ended October 31, 2014 consist primarily of:
		·	Approximately $141,000 of leasehold costs, specifically payment of the annual concession fee to the Government of Namibia. As of October 31, 2014, approximately $2.2 million has been expended towards the initial exploration period.

Impairment

Impairment	3 Months Ended
	Oct. 31, 2014
Impairment [Abstract]
Impairment	Note 5 - Impairment
	Oil and Gas Properties
	We account for our oil and natural gas producing activities using the full cost method of accounting as prescribed by the United States Securities and Exchange Commission (“SEC”). Under this method, subject to a limitation based on estimated value, all costs incurred in the acquisition, exploration, and development of proved oil and natural gas properties, including internal costs directly associated with acquisition, exploration, and development activities, the costs of abandoned properties, dry holes, geophysical costs, and annual lease rentals are capitalized within a cost center.
	We evaluated our capitalized costs using the full cost ceiling test as prescribed by the Securities and Exchange Commission at the end of each reporting period. As of October 31, 2014 and July 31, 2014, the net book value of oil and gas properties did not exceed the ceiling amount and thus, no impairment of the properties was required.  Changes in production rates, levels of reserves, future development costs, and other factors will determine our actual ceiling test calculation and impairment analyses in future periods.

Asset_Retirement_Obligations

Asset Retirement Obligations	3 Months Ended
	Oct. 31, 2014
Asset Retirement Obligations [Abstract]
Asset Retirement Obligations	Note 6 – Asset Retirement Obligations
	The following is a reconciliation of our asset retirement obligation liability as of October 31, 2014 and July 31, 2014:
		31-Oct-14			July 31,
					2014
	Liability for asset retirement obligation, beginning of period	$	11,716,230		$	10,933,398
	Asset retirement obligations sold		-			(33,195	)
	Accretion		302,208			1,043,928
	Revisions in estimated cash flows		(52,431	)		(104,237	)
	Costs incurred		-			(123,664	)
	Liability for asset retirement obligation, end of period	$	11,966,007		$	11,716,230
	Current portion of asset retirement obligation	$	60,000		$	1,133,690
	Noncurrent portion of asset retirement obligation		11,906,007			10,582,540
	Total liability for asset retirement obligation	$	11,966,007		$	11,716,230

Notes_Payable

Notes Payable	3 Months Ended
	Oct. 31, 2014
Notes Payable [Abstract]
Notes Payable	Note 7 – Notes Payable
	Installment Notes Payable
	In May 2012, we entered into a note payable of $18,375 to purchase a vehicle. The note is collateralized by the vehicle.  The note carries an interest rate of 6.93% and is payable beginning in June 2012, in 36 installments of $567 per month.  The principal balance owed on the note payable was approximately $4,000 and $7,100as of October, 2014 and July 31, 2014, respectively.
	In February 2014, we financed our commercial insurance program using a note payable for $403,104. Under the note, we are obligated to make nine payments of $45,718 per month, which include principal and interest, beginning in March 2014. As of October 31, 2014, the note payable balance was approximately $45,000.
	Related Party Installment Note Payable
	In November 2013, we issued a promissory note for funds received from Mr. Kent Watts, our Chairman, of $100,000. Under the terms of the note, principal on the note was due after one year and incurred interest at 5% per annum payable on a monthly basis. Accrued interest is payable monthly beginning in May 2014, and beginning in August 2014 the principal is due in 36 monthly payments through July 2017. The note is secured by the Company’s assets owned by GBE, subject to any other lien holder's superior rights, if any.  In April 2014, the Company entered into a new debt agreement whereby Mr. Watts agreed to loan the Company up to $600,000 at an interest rate of 6.25%. The previous debt of $100,000 was rolled into this new note. Additionally, we borrowed $200,000 from Mr. Watts during April 2014 and $300,000 from Mr. Watts in May 2014. The total balance on the note was $600,000 as of October 31, 2014. As part of the financing agreement with Shadow Tree (described below), this note has been subordinated, and no payments will be made until the Shadow Tree debt has been repaid.
	Credit Agreement
	Effective August 15, 2014, we entered into a Credit Agreement (the “Credit Agreement”) as borrower, along with Shadow Tree Capital Management, LLC, as agent (the “Agent”), and certain lender parties thereto (the “Lenders”).  Pursuant to the Credit Agreement, the Lenders loaned us $4.0 million, which was represented by Term Loan Notes in an aggregate amount of $4,545,454 (the “Notes”), representing an original issue discount of 12%.  We also paid the Lenders a structuring fee of $90,909 equal to 2% of the principal amount of the Notes (the “Structuring Fee”) and agreed to reimburse the Lenders for all reasonable and documented fees, costs and expenses associated with the Credit Agreement, which totaled $172,824 in aggregate.  Finally, we paid ROTH Capital Partners, LLC, a placement fee of 5% of the total value of the Loans ($227,273), as placement agent and Gary W. Vick, a consulting fee of 1% of the face value of the Loans ($45,455) for consulting services rendered.  As a result of the payments above, the net amount of funding received from the Loans was $3,463,539.
	Pursuant to the Credit Agreement, we have the right, at any time prior to the one year anniversary of the Credit Agreement, to borrow up to an additional $1,000,000 under the Credit Agreement (the “Additional Loan”), subject to certain pre-requisites and requirements as set forth in the Credit Agreement, including, but not limited to us raising $750,000 through the sale of equity subsequent to the closing of the transactions contemplated by the Credit Agreement (which we agreed to obtain within 150 days of the date of the Credit Agreement).  We also agreed to pay a 2% Structuring Fee on the Additional Loan. The proceeds of the Additional Loan may only be used for the Oil and Gas Activities.
	The amount owed pursuant to the Notes (and any amount borrowed pursuant to the Additional Loan) is guaranteed by our wholly-owned subsidiary, Hydrocarb Corporation (“HC”) and its subsidiaries, and our other wholly-owned subsidiaries and is secured by a first priority security interest in substantially all of our assets (including, but not limited to the securities of our subsidiaries and HC and its subsidiaries) evidenced by a Guarantee and Collateral Agreement, various pledge agreements and a deed of trust providing the Agent, as agent for the Lenders, a security interest over our oil and gas assets and rights.
	The Notes do not accrue any interest for the first nine months after their issuance date (August 15, 2014), provided thereafter they accrue interest at the rate of (a) 16% per annum where the average net monthly oil and gas production revenues of Galveston Bay Energy LLC, our wholly-owned subsidiary, for the trailing three month period (the “Trailing Three Month Revenues”) is less than $900,000; or (b) 14% per annum, where the Trailing Three Month Revenues are equal to or greater than $900,000, payable monthly in arrears through the maturity date of such Notes, August 15, 2016.  The Additional Loan, if any, will bear interest at the rate of 14% per annum, payable monthly in arrears, and will have the same maturity date as the Notes.  Upon the occurrence of an event of default, the Notes (and any amount outstanding under the Additional Loan) will bear interest at the rate of 24% per annum until paid in full.
	Pursuant to the Credit Agreement, we agreed to issue the Lenders their pro rata share of (a) 60,000 restricted shares of common stock on the effective date of the Credit Agreement, August 15, 2014 (the “Effective Date”); (b) 32,500 restricted shares in the event any amount of the Loans (or other obligations outstanding under agreements entered into in connection with the Loans, the “Loan Documents”) are outstanding on the 12 month anniversary of the Effective Date; (c) 32,500 restricted shares in the event any amount is outstanding under the Loan Documents on the 18 month anniversary of the Effective Date; and (d) 25,000 restricted shares in the event any amount is outstanding under the Loan Documents on the 21 month anniversary of the Effective Date.  The shares are to be issued pursuant to the terms and conditions of a Stock Grant Agreement, pursuant to which each of the Lenders made certain representations to the Company regarding their financial condition and other items in order for the Company to confirm that an exemption from registration existed and will exist for such issuances.
	The Credit Agreement contains customary representations, warranties, covenants and requirements for the Company to indemnify the Lenders, Agent and their affiliates.  The Credit Agreement also includes various covenants (positive and negative) binding upon the Company (and its subsidiaries), including but not limited to, requiring that the Company comply with certain reporting requirements, and provide notices of material corporate events and forecasts to Agent, and prohibiting us from (i) incurring any additional debt; (ii) creating any liens; (iii) making any investments; (iv) materially changing our business; (v) repaying outstanding debt; (vi) affecting a business combination, sale or transfer; (vii) undertaking transactions with affiliates; (viii) amending our organizational documents; (ix) forming subsidiaries; or (x) taking any action not in the usual course of business, in each case except as set forth in the Credit Agreement.
	The Credit Agreement includes customary events of default for facilities of a similar nature and size as the Credit Agreement, including, but not limited to, if any breach or default occurs under the Loan Documents, the failure of the Company to pay any amount when due under the Loan Documents, if the Company (or its subsidiaries) is subject to any judgment in excess of $250,000 which is not discharged or stayed within 30 days, or if a change in control of the Company, any subsidiary or any guarantor should occur, defined for purposes of the Credit Agreement as any transfer of 25% or more of the voting stock of such entity.
	For the three months ended October 31, 2014, the Company has recognized $154,768 of amortization expense of the original issuance discount classified as interest expense, with a net payable balance of $3,643,380 and unamortized original issuance discount of $902,074 as of October 31, 2014. In addition, we have recognized $283,455 of debt issuance cost related to professional fees and expenses, which we have classified within other non-current assets, related to the issuance of this debt. We are amortizing these cost over the term of the loan of two years. During the three months ended October 31, 2014, we recognized $41,510 of amortization expense classified as interest expense, and have $241,945 in unamortized debt issuance cost as of October 31,2014.

Capital_Stock

Capital Stock	3 Months Ended
	Oct. 31, 2014
Capital Stock [Abstract]
Capital Stock	Note 8 – Capital Stock
	Series A Preferred Stock
	On December 2, 2013, we filed a Certificate of Designation that created a new class of stock: Series A 7% Convertible Voting Preferred Stock (“Series A Preferred”).  Up to 10,000 shares of Series A Preferred are authorized. The stock has a stated value $400 per share, pays annual dividends at 7%, and is convertible into HEC common stock, at the holder’s option, at a conversion rate of $6.00 per share. The Series A Preferred is neither redeemable nor is it callable. Series A Preferred shareholders may vote their common stock equivalent voting power. We analyzed the Series A Preferred using the guidance contained in ASC 815-40, Derivatives and Hedging, and concluded that the instrument was indexed to our own stock and qualified to be included in stockholders’ equity.
	In connection with the acquisition of HCN on December 9, 2013, HEC issued 8,188 shares of our Series A Preferred Stock to a former Preferred Stock shareholder of HCN, as described in Note 2 – Acquisitions, above.  Value of the preferred stock at issuance was $3,275,200 (8,188 shares at par value of $400).  These shares were recorded in equity at par of $3,275,200.  Because the Series A preferred stock is immediately convertible, the value of a beneficial conversion feature of $949,808 was immediately recognized as a dividend.  During the nine months ended April 30, 2014, the holder of the Series A Preferred Stock earned dividends of $96,015.  As of April 30, 2014, these dividends have not been accrued as liabilities since they were not declared by the Company.
	Common Stock Issuances
	Pursuant our Credit Agreement, as noted in Note 6 – Notes Payable, during August 2014, we issued 60,000 shares of restricted common stock to the Lenders.  The shares were issued pursuant to the terms and conditions of a Stock Grant Agreement, pursuant to which each of the Lenders made certain representations to the Company regarding their financial condition and other items in order for the Company to confirm that an exemption from registration existed and will exist for such issuances.  The value of the shares was recorded as a discount to the debt and is being amortized over the life of the note.
	Additionally, during the three months ended October 31, 2014, 40,000 shares of restricted common stock to certain vendors for services rendered during the period for legal and professional services.  The value of the shares was recorded as a discount to the debt and is being amortized over the term of the note.
	Receivables for Common Stock
	On September 6, 2013, HCN sold 191,667 shares of HEC common stock to an employee of HCN in exchange for a note receivable in the amount of $1,000,000.  This HCN employee is the nephew of our current CEO.  HEC acquired this receivable upon its acquisition of HCN.  The note is non-interest bearing and is payable only upon the sale of the common stock to a third party or HEC stock being listed on either the NASDAQ or NYSE stock exchanges. We will receive 95% of the proceeds up to $1,000,000 if the underlying stock is sold to a third party. Within 90 days of HEC stock being listed on a major stock exchange, we will receive up to $1,000,000, or the note can be paid earlier at the discretion of the other party.  We have collected $675,000 in cash on this note receivable through October 31, 2014. At July 31, 2013, these shares were classified as treasury stock within equity at the cost HCN obtained them from outside entities for services performed following the consolidation of comparative periods for acquired entities under common control (See Note 2 – HCN Acquisition).  These shares of common stock are held in the name of the investors and are beneficially owned by the investors and the shares are not retrievable by the Company.
	On December 4, 2013 HCN sold 619,960 shares of unregistered and restricted HEC common stock in return for a $1,859,879 non-interest bearing note receivable from an unrelated entity in which Michael Watts has a minority interest.  HEC acquired this receivable upon its acquisition of HCN.  The 619,960 HEC common stock shares were previously issued by HEC to HCN to settle liabilities due by HEC related to the consulting services agreement described below in Note 6 – Notes Payable.  The receivable from the individual is due to HEC upon the following conditions: 1) 100% of the proceeds payable from the sale of all or part of the shares by the owner of the shares to a third party; 2) within sixty days of the six month anniversary of the December 4, 2013 stock sale  or within sixty days from the date that the shares become unrestricted (whichever is first); or 3) 100% of any remaining balance due within 90 days of HEC being listed on a major stock exchange and whereby the share price is above $6.00 per share.  As with the above receivable for common stock, this receivable for the sale of HEC common stock is classified as a receivable for common stock within equity.  These shares of common stock are held in the name of the investors and are beneficially owned by the investors and the shares are not retrievable by the Company.
	This note receivable was extended on August 4, 2014, for an extension fee of $50,000, payable in the future, with $750,000 due to be repaid by December 31, 2014, with the remaining balance to be repaid by March 31, 2015.  These repayment terms may be changed if the Company is successful in being up-listed to either the NYSE or NASDAQ.  If this occurs, the entire balance is due within 60 days after an up-listing occurs.
	Stock Options and Warrants
	As of October 31, 2014, HEC could grant up to 570,136 shares of common stock under the 2013 Stock Incentive Plan (“2013 Plan”). The Plan is administered by the Compensation Committee of the Board of Directors, or in the absence of a Compensation Committee, the full Board of Directors, which has substantial discretion to determine persons, amounts, time, price, exercise terms, and restrictions of the grants, if any.
	Options granted to non-employees
	We account for options granted to non-employees under the provisions of ASC 505-50, Equity-Based Payments to Non-employees, and record the associated expense at fair value on the final measurement date.  Because there is no disincentive for nonperformance for these awards, the final measurement date occurs when the services are complete, which is the vesting date. For the options granted to non-employees on a graded vesting schedule, we estimate the fair value of the award as of the end of each reporting period and recognize an appropriate portion of the cost based on the fair value on that date.  When the award vests, we adjust the cost previously recognized so that the cost ultimately recognized is equivalent to the fair value on the date the performance is complete.  There were no options granted to non-employees during the three months ended October 31, 2014.  No compensation expense was recognized during the three months ended October 31, 2014, as all previously issued grants had fully vested and were fully expensed in prior periods.  No options have been exercised, nor cancelled during the three months ended October 31, 2014.
	Options granted to employees
	The following table provides information about options granted to employees under our stock incentive plans during the three months ended October 31, 2014 and 2013:
		2014			2013
	Number of options granted		25,000			-
	Compensation expense recognized	$	112,500		$	-
	Weighted average exercise price of options  granted	$	4.5		$	N/A
	Summary information regarding stock options issued and outstanding as of October 31, 2014 is as follows:
		Options			Weighted		Aggregate		Weighted
					Average		intrinsic		average
					Share Price		value		remaining
									contractual
									life (years)
	Outstanding at  October 31,2014		265,333		$	6.81	$	-		7.95
	Granted		25,000			4.5				5
	Exercised		-			-
	Expired		(92,000	)		6.85
	Outstanding at April 30, 2014		198,333		$	6.52	$	-		7.51
	No non-vested stock options existed as of October 31, 2014.
	Warrants
	Summary information regarding common stock warrants issued and outstanding as of October 31, 2014, is as follows:
		Warrants			Weighted		Aggregate		Weighted
					Average		intrinsic		average
					Share Price		value		remaining
									contractual
									life (years)
	Outstanding at year ended July 31,2014		1,084,584		$	7.5	$	-		1.04
	Granted		-			-
	Exercised		-			-
	Expired		(346,450	)		7.5
	Outstanding at quarter ended April 30, 2014		738,134		$	7.5	$	-		1.17
	Warrants granted to related party
	During the year ended July 31, 2011, we entered into a consulting agreement with Geoserve Marketing, LLC (“Geoserve”), a company controlled by Michael Watts, who is a related party. Under the terms of the agreement, we granted warrants to purchase 400,000 shares of common stock that have a market condition.  If our common stock attains a five day average closing price of $22.50 per share, 200,000 warrants with an exercise price of $7.50 and an expiration date of February 15, 2016 shall be exercisable (“Warrant B”). If our common stock attains a five day average closing price of $45.00 per share, 200,000 warrants with an exercise price of $7.50 and an expiration date of February 15, 2016 shall be exercisable (“Warrant C”). The fair value of warrants that vest upon the attainment of a market condition must be estimated and amortized over the lower of the implicit or derived service period of the warrants. Previously recognized expense is not reversed in the event of a subsequent decline in the fair value of market condition equity based compensation.  The fair value of the warrants and the derived service period were valued using a lattice model that values the liability of the warrants based on a probability weighted discounted cash flow model. This model is based on future projections of the various potential outcomes. Warrant B and Warrant C were amortized over the derived service periods of 2.08 years and 2.49 years, respectively.  No expense related to these warrants was recognized during the three months ended October 31, 2014, as the expense for the warrants was fully amortized in previously reported periods.
	The following reflects the fair value at the end of the derived service for each of the warrants:
		Warrant B			Warrant C
	Fair value	$	266,017		$	206,245
	The following table reflects information regarding Warrant B and Warrant C during the nine months ended October 31, 2014 and 2013:
		2014			2013
	Compensation expense recognized	$	-		$	6,754

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Oct. 31, 2014
Related Party Transactions [Abstract]
Related Party Transactions	Note 9 – Related Party Transactions
	During the reporting period we have had transactions as described below with entities controlled by Michael Watts. Michael Watts is the father-in-law of Jeremy Driver, who served as a director and Chief Executive Officer through November, 2013. Additionally, Michael Watts is the brother of Kent Watts, who became the Company’s Chairman of Board of Directors in October 2013. Michael Watts is a related party to the Company by virtue of his relationships with Mr. Driver and with Mr. Watts. Further, two of Michael Watts’ adult children are significant shareholders of HEC’s common stock. Between them, they are beneficial owners of approximately 68% of the outstanding common stock.
	A company controlled by Michael Watts purchased a 5% working interest in one of our wells in Galveston Bay.  As of October 31, 2014 and July 31, 2014, this company owed us $57 and $80,468, respectively, in joint interest billings.
	During 2011, we entered into a consulting contract with a company controlled by Michael Watts, as detailed in Note 7 – Capital Stock - Warrants.  The contract permits us to terminate the agreement after the first year with thirty days notice.  We recognized expense of $0 and $6,754 from this contract during the three months ended October 31, 2014 and 2013, respectively.
	During the three months ended October 31, 2013, a company controlled by one of our former officers, Carter E & P, LLC (“Carter”) operated several properties onshore in South Texas, including our producing properties located near the Victoria Barge Canal in Calhoun County, Texas. Although he was not a related party after September 1, 2013, he was a related party during the periods covered by this report. As of October 31, 2014 and July 31, 2014, there were no outstanding related party receivable from Carter.  Revenues generated, lease operating costs, and contractual overhead charges incurred during the time Carter was a related party were as follows:
		Three Months ended
		October 31,
		2014		2013
	Revenues	$	-	$	39,274
	Lease operating costs	$	-	$	23,259
	Overhead costs incurred	$	-	$	4,687
	In November 2013, we issued a promissory note for funds received from Mr. Kent Watts, Our Chairman, of $100,000. Under the terms of the note, principal on the note was due after one year and incurred interest at 5% per annum payable on a monthly basis. In April 2014, the Company entered into a new debt agreement whereby Mr. Watts agreed to loan the Company up to $600,000 at an interest rate of 6.25%. The previous debt of $100,000 was rolled into this new note. Additionally, we borrowed $200,000 from Mr. Watts during April 2014 and $300,000 from Mr. Watts in May 2014. The total balance on the note was $600,000 as of October 31, 2014. Accrued interest is pavable monthly beginning in May 2014, and beginning in August 2014 the principal is due in 36 monthly payments through July 2017. The note is secured by the Company’s assets owned by GBE, subject to any other lien holder's superior rights, if any. As part of the financing agreement with Shadow Tree, this note has been subordinated, and no payments will be made until the Shadow Tree debt has been repaid.
	During April 30, 2014, Kent Watts advanced HCN (prior to its acquisition by HEC) funds for working capital purposes to the Company.  On December 3, 2013, HCN issued 3,963 shares of its Series A Preferred Stock to Kent Watts in order to cancel the majority of the outstanding balance HCN owed to Kent Watts at that time.  (See Note 7 – Capital Stock – HCN Series A Preferred Stock).  During the three months ended October 31, 2014, the Company repaid approximately $125,000 on amounts due to Mr. Watts and as of October 31, 2014, had current liabilities to Mr. Watts of $98,600.
	During the three months ended October 31, 2014, the Company received approximately $58,000 from Mr. Watts for a related party receivable previously outstanding for approximately the same amount as of July 31, 2014.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Oct. 31, 2014
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 10 - Commitments and Contingencies
	Legal
	We are subject to legal proceedings, claims and liabilities which arise in the ordinary course of business. We accrue for losses associated with legal claims when such losses are probable and can be reasonably estimated. These accruals are adjusted as additional information becomes available or circumstances change. Legal fees are charged to expense as they are incurred.
	As of July 31, 2014, we were party to the following legal proceedings:
	Cause No. 2011-37552; Strategic American Oil Corporation (“Strategic”) v. ERG Resources, LLC (“ERG”), et al.; In the 55th District Court, Harris County, Texas. The Company is a plaintiff in this suit. In this case, Company brought claims for injunctive relief, breach of contract and fraudulent inducement against the defendant regarding the purchase of Galveston Bay Energy, LLC from ERG. The Company intends to prosecute its claims and defenses vigorously. As of the date of filing of this report, the Company is no longer seeking injunctive relief. Additionally, the below listed case has been consolidated into this case since the subject matter of the below case is subsumed within the subject matter of this case. From this point forward, there will be only this one piece of litigation. The trial was held in October 2013. The judge ruled in favor of ERG and that Hydrocarb is liable to pay the charges in the below-mentioned case and a portion of ERG’s attorney fees. The Company is in the process of post-trial motions and no judgment has been entered as of this date.  As of July 31, 2013, the Company had accrued $232,974 for this cause.
	Cause No. 2011-54428; ERG Resources, LLC v. Galveston Bay Energy, LLC, in the 125th Judicial District Court, Harris County, Texas. This case deals with the operating agreements for the processing of product by the entities owned by ERG. It is an action seeking payments of charges and expenses by ERG that are refuted by GBE. The Company intends to prosecute its claims and defenses vigorously. As indicated above, this case has been consolidated into the case listed above. As such, the claims in this case will be decided in cause No. 2011-37552, which was tried in October 2013.
	Judgments on both of these matters have been rendered whereby HEC paid ERG $35,000 in cash, relieving GBE of any liability to ERG and whereby HEC transferred $65,000 in HEC stock to ERG.  Both cases have been fully settled and no further obligations have been or will be accrued.
	A state regulator has requested that we renew certain pipeline easements located in Galveston Bay. The easements in question were originally obtained by another company whose successor filed for bankruptcy protection.  Our subsidiary, Galveston Bay Energy, LLC purchased certain assets from the bankruptcy estate; however, based on the bankruptcy court’s order and the purchase and sale agreement, we believe the pipelines and easements in question were not included in assets purchased. The easements in question were scheduled to renew at various dates between 2012 and 2021.  Based on current posted rates, the cost of renewal of all of the easements would be approximately $400,000.  We have engaged legal counsel to dispute the regulator’s claim.  If we are obligated to renew these easements, they would be part of the asset retirement obligation that was acquired with our subsidiary, Galveston Bay Energy, LLC. As such, the potential liability for these easements is factored into the computation of the asset retirement obligation (See Note 7 – Asset Retirement Obligation) that is estimated using the guidance in ASC 410-20,Asset Retirement and Environmental Obligations.  On August 29, 2014, we filed a lawsuit in the state district court in Chambers County, Texas asking the Court to reform an assignment and assumption agreement in the property records of Chambers County.  The General Land Office has asserted claims against us under various miscellaneous easements, claiming we are obligated to either renew the easement or remove any pipeline laid in the easement.  We have disclaimed any obligations under these easements.
	Environmental
	We accrue for losses associated with environmental remediation obligations when such losses are probable and can be reasonably estimated. These accruals are adjusted as additional information becomes available or circumstances change. Costs of future expenditures for environmental remediation obligations are not discounted to their present value. Recoveries of environmental remediation costs from other parties are recorded at their undiscounted value as assets when their receipt is deemed probable.
	There is soil contamination at a tank facility owned by GBE. Depending on the technique used to perform the remediation, we estimate the cost range to be between $150,000 and $900,000. We cannot determine a most likely scenario, thus we have recognized the lower end of the range. We have submitted a remediation plan to the appropriate authorities and have not yet received a response. As of October 31, 2014, $150,000 has been recognized and is included in the balance sheet caption “Accounts payable and accrued expenses.”
	Letters of Credit
	Oil and gas operators in the State of Texas are required to obtain a letter of credit in favor of the Railroad Commission of Texas as security that they will meet their obligations to plug and abandon the wells they operate.  We have two letters of credit in the amount of $6,610,000 and $120,000 issued by Green Bank.  These letters of credit are collateralized by a certificate of deposit held with the bank for the same amount. We pay a 1.5% per annum fee in conjunction with these letters of credit.
	In June 2014, when we renewed the letters of credit, we prepaid the entire years’ interest upfront. We amortize these fees on a straight-line basis. The following table reflects the prepaid balances as of:
		October 31,
		2014
	Prepaid letter of credit fees	$	101,250
	Amortization		(33,950	)
	Net prepaid letter of credit fees	$	67,300

Description_of_Business_and_Su1

Description of Business and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Oct. 31, 2014
Description of Business and Summary of Significant Accounting Policies [Abstract]
Description of business and basis of presentation	Description of business and basis of presentation
	The unaudited consolidated financial statements of Hydrocarb Energy Corp. (“Hydrocarb”, “HEC”, the “Company”, “we”, “us”, and “our”) have been prepared in accordance with accounting principles generally accepted in the United States and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in our Annual Report filed with the SEC on Form 10-K for the year ended July 31, 2014. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein.  The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal year ended July 31, 2014, as reported in the Form 10-K, have been omitted.
	While working towards plans and expectations of being listed on a major stock exchange, we currently trade on the OTCQB under the stock symbol “HECC”.
	We are a natural resource exploration and production company engaged in the exploration, acquisition, development, and production of oil and gas properties in the United States and onshore in Namibia, Africa.  We maintain developed acreage offshore in Texas.  As part of our ongoing business strategy, we continue to review and evaluate acquisition opportunities in the continental United States and internationally.
Reclassifications	Reclassifications
	Certain prior year amounts have been reclassified to conform with the current presentation.
Principles of consolidation	Principles of consolidation
	We own 100% of the issued and outstanding share capital of (i) Penasco Petroleum Inc. (“Penasco”), a Nevada corporation, (ii) Galveston Bay Energy, LLC (“GBE”), a Texas limited liability company, (iii) SPE Navigation I, LLC, a Nevada limited liability company (“SPE”), (iv) Namibia Exploration, Inc. (“NEI”), a Nevada corporation, (v) Hydrocarb Corporation, a Nevada corporation (“HCN”), (vi) Hydrocarb Texas Corporation, a Texas corporation, and (vii) Hydrocarb Namibia Energy (Pty) Limited (“Namibia”), a company chartered in the Republic of Namibia.  In addition, we own 95% of the issued and outstanding share capital of Otaiba Hydrocarb LLC (“Otaiba”), a UAE limited liability corporation. The accompanying consolidated financial statements include the accounts of the entities noted above.  All significant intercompany accounts and transactions have been eliminated in consolidation.
	The acquisition of HCN, an entity under common control, on December 9, 2013 (See Note 2 – HCN Acquisition) has resulted in a change in the reporting entity. The consolidated financial statements presented for the periods subsequent to the acquisition include the accounts of HCN and its subsidiaries. As HEC and HCN are under the common control of the same shareholder group, the acquired assets and liabilities were recorded at the historical carrying value and the consolidated financial statements were retroactively restated to reflect the Company as if HCN had been owned since the beginning of the earliest period presented.
Noncontrolling interests	Noncontrolling interests
	Our consolidated financial statements include the accounts of all subsidiaries where we hold a controlling financial interest.  We have a controlling financial interest if we own a majority of the outstanding voting common stock and minority shareholders do not have substantive participating rights, we have significant control over an entity through contractual or economic interests in which we are the primary beneficiary or we have the power to direct the activities that most significantly impact the entity’s economic performance.  The ownership interest in subsidiaries held by third parties are presented in the consolidated balance sheet within equity, but separate from the parent’s equity, as noncontrolling interest.  All significant intercompany balances and transactions have been eliminated in consolidation.
Cash and cash equivalents	Cash and cash equivalents
	Cash and cash equivalents are all highly liquid investments with an original maturity of three months or less at the time of purchase and are recorded at cost, which approximates fair value.
	Our functional currency is the United States dollars. Transactions denominated in foreign currencies are translated into their United States dollar equivalents using current exchange rates. Monetary assets and liabilities are translated using exchange rates that prevailed as of the balance sheet date. Non-monetary assets and liabilities are translated using exchange rates that prevailed as of the transaction date. Revenue, if applicable, and expenses are translated using average exchange rates over the accounting period. We have had no revenue denominated in foreign currencies. Gains or losses resulting from foreign currency transactions are included in results of operations.
Stock Split	Stock Split
	On May 8, 2014, we effected a 1:3 reverse split of our authorized common stock and a corresponding 1:3 reverse split of our outstanding common stock.  All share and per share amounts in this report have been retroactively restated to reflect the reverse split.  This presentation is consistent with the guidance in ASC 260-10-55-12, Earnings per Share, which requires retroactive restatement of earnings per share if a capital structure change due to a stock dividend, stock split or reverse split occurs after the date of the latest balance sheet, but before the release of the financial statements.
Recent accounting pronouncements	Recent accounting pronouncements
	In August 2014, the FASB issued Accounting Standard Update No. 2014-15 ("ASU No. 2014-15"),  Presentation of Financial Statements Going Concern (Subtopic 205-40) which requires management to assess an entity's ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards. Specifically, ASU 2014-15 provides a definition of the term substantial doubt and requires an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). It also requires certain disclosures when substantial doubt is alleviated as a result of consideration of management's plans and requires an express statement and other disclosures when substantial doubt is not alleviated. ASU No. 2014-15 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, early application is permitted. We are currently evaluating the accounting implication and do not believe the adoption of ASU 2014-15 to have material impact on our consolidated financial statements, although there may be additional disclosures upon adoption.
	Other recently issued or adopted accounting pronouncements are not expected to have, or did not have, a material impact on our financial position or results from operations.

HCN_Acquisition_Tables

HCN Acquisition (Tables)	3 Months Ended
	Oct. 31, 2014
HCN Acquisition [Abstract]
Summary of Pro Forma Information	Summary of the accounting entry to record this acquisition in 2013 is as follows.
	Assets acquired	$	1,529,246
	Liabilities assumed		(161,599	)
	Noncontrolling interest in 95% owned HCN subsidiary		30,480
		$	1,398,127
	Series A 7% Preferred Stock, par $400		3,275,200
	Common stock, at par		8,397
	Receivable for common stock		(2,484,879	)
	Additional paid-in capital		599,409
		$	1,398,127

Supplemental_Cash_Flow_Informa1

Supplemental Cash Flow Information (Tables)	3 Months Ended
	Oct. 31, 2014
Supplemental Cash Flow Information [Abstract]
Schedule of Cash Flow, Supplemental Disclosures		Three Months Ended
		31-Oct-14			31-Oct-13
	NONCASH INVESTING AND FINANCING ACTIVITIES
	Receipt of HEC common stock for notes receivable	$	-		$	1,000,000
	Asset retirement obligation sold	$	-		$	4,381
	Accounts payable for oil and gas properties	$	-		$	11,373
	Asset retirement obligations – change in estimate	$	(52,431	)	$	-
	Value of shares issued to lenders as part of debt financing	$	247,655		$	-

Oil_and_Gas_Properties_Tables

Oil and Gas Properties (Tables)	3 Months Ended
	Oct. 31, 2014
Oil and Gas Properties [Abstract]
Oil and Natural Gas Properties	Oil and natural gas properties as of October 31, 2014 and July 31, 2014 consisted of the following:
		October 31,			July 31,
		2014			2014
	Evaluated Properties
	Costs subject to depletion	$	19,361,384		$	19,153,125
	Accumulated impairment		(373,335	)		(373,335	)
	Accumulated depletion		(3,701,639	)		(3,491,420	)
	Total evaluated properties		15,286,410			15,288,370
	Unevaluated properties		2,260,911			2,119,769
	Net oil and gas properties	$	17,547,321		$	17,408,139

Asset_Retirement_Obligations_T

Asset Retirement Obligations (Tables)	3 Months Ended
	Oct. 31, 2014
Asset Retirement Obligations [Abstract]
Reconciliation of Asset Retirement Obligations	The following is a reconciliation of our asset retirement obligation liability as of October 31, 2014 and July 31, 2014:
		31-Oct-14			July 31,
					2014
	Liability for asset retirement obligation, beginning of period	$	11,716,230		$	10,933,398
	Asset retirement obligations sold		-			(33,195	)
	Accretion		302,208			1,043,928
	Revisions in estimated cash flows		(52,431	)		(104,237	)
	Costs incurred		-			(123,664	)
	Liability for asset retirement obligation, end of period	$	11,966,007		$	11,716,230
	Current portion of asset retirement obligation	$	60,000		$	1,133,690
	Noncurrent portion of asset retirement obligation		11,906,007			10,582,540
	Total liability for asset retirement obligation	$	11,966,007		$	11,716,230

Capital_Stock_Tables

Capital Stock (Tables)	3 Months Ended
	Oct. 31, 2014
Capital Stock [Abstract]
Stock Options Granted to Employees Under Stock Incentive Plans	The following table provides information about options granted to employees under our stock incentive plans during the three months ended October 31, 2014 and 2013:
		2014			2013
	Number of options granted		25,000			-
	Compensation expense recognized	$	112,500		$	-
	Weighted average exercise price of options  granted	$	4.5		$	N/A
Stock Option Activity Under Stock Option and Incentive Plans	Summary information regarding stock options issued and outstanding as of October 31, 2014 is as follows:
		Options			Weighted		Aggregate		Weighted
					Average		intrinsic		average
					Share Price		value		remaining
									contractual
									life (years)
	Outstanding at  October 31,2014		265,333		$	6.81	$	-		7.95
	Granted		25,000			4.5				5
	Exercised		-			-
	Expired		(92,000	)		6.85
	Outstanding at April 30, 2014		198,333		$	6.52	$	-		7.51
Warrants Granted to Related Parties	The following reflects the fair value at the end of the derived service for each of the warrants:
		Warrant B			Warrant C
	Fair value	$	266,017		$	206,245
	The following table reflects information regarding Warrant B and Warrant C during the nine months ended October 31, 2014 and 2013:
		2014			2013
	Compensation expense recognized	$	-		$	6,754
Warrant Activity	Summary information regarding common stock warrants issued and outstanding as of October 31, 2014, is as follows:
		Warrants			Weighted		Aggregate		Weighted
					Average		intrinsic		average
					Share Price		value		remaining
									contractual
									life (years)
	Outstanding at year ended July 31,2014		1,084,584		$	7.5	$	-		1.04
	Granted		-			-
	Exercised		-			-
	Expired		(346,450	)		7.5
	Outstanding at quarter ended April 30, 2014		738,134		$	7.5	$	-		1.17

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	3 Months Ended
	Oct. 31, 2014
Related Party Transactions [Abstract]
Revenues and Costs from Facility Controlled by Related Party	Revenues generated, lease operating costs, and contractual overhead charges incurred during the time Carter was a related party were as follows:
		Three Months ended
		October 31,
		2014		2013
	Revenues	$	-	$	39,274
	Lease operating costs	$	-	$	23,259
	Overhead costs incurred	$	-	$	4,687

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	3 Months Ended
	Oct. 31, 2014
Commitments and Contingencies [Abstract]
Schedule Of Prepaid Balances	The following table reflects the prepaid balances as of:
		October 31,
		2014
	Prepaid letter of credit fees	$	101,250
	Amortization		(33,950	)
	Net prepaid letter of credit fees	$	67,300

Description_of_Business_and_Su2

Description of Business and Summary of Significant Accounting Policies (Details) (USD $)	0 Months Ended	3 Months Ended
	8-May-14	Oct. 31, 2014
Description of Business and Summary of Significant Accounting Policies [Abstract]
Revenue dominated in foreign currencies		$0
Subsidiary or Equity Method Investee [Line Items]
Reverse stock split conversion ratio	3
Penasco Petroleum Inc [Member]
Subsidiary or Equity Method Investee [Line Items]
Ownership interest (in hundredths)		100.00%
Galveston Bay, LLC [Member]
Subsidiary or Equity Method Investee [Line Items]
Ownership interest (in hundredths)		100.00%
SPE Navigation I, LLC [Member]
Subsidiary or Equity Method Investee [Line Items]
Ownership interest (in hundredths)		100.00%
Namibia Exploration, Inc [Member]
Subsidiary or Equity Method Investee [Line Items]
Ownership interest (in hundredths)		100.00%
Hydrocarb Corporation, HCN [Member]
Subsidiary or Equity Method Investee [Line Items]
Ownership interest (in hundredths)		100.00%
Hydrocarb Texas Corporation [Member]
Subsidiary or Equity Method Investee [Line Items]
Ownership interest (in hundredths)		100.00%
Hydrocarb Namibia Energy [Member]
Subsidiary or Equity Method Investee [Line Items]
Ownership interest (in hundredths)		100.00%
Otaiba Hydrocarb LLC [Member]
Subsidiary or Equity Method Investee [Line Items]
Ownership interest (in hundredths)		95.00%

HCN_Acquisition_Details

HCN Acquisition (Details) (USD $)	0 Months Ended
	Dec. 09, 2013	Dec. 02, 2013	Oct. 31, 2014	Jul. 31, 2014
	Well
	acre
Summary of the accounting entry to record the acquisition [Abstract]
Common stock, at par			$21,181	$21,082
Receivable for common stock			-2,184,879	-2,184,879
Additional paid-in capital			79,481,630	78,953,599
Recorded Unconditional Purchase Obligation [Line Items]
Working interest rights (in hundredths)	39.00%		90.00%
Cost responsibility rate (in hundredths)			100.00%
Concession area	5,300,000
Number of wells required to be drilled under the purchase obligation	1
Initial Exploration Period [Member]
Recorded Unconditional Purchase Obligation [Line Items]
Area of seismic data required by purchase obligation	750
Minimum required expenditure	4,505,000
First Renewal Exploration Period [Member]
Recorded Unconditional Purchase Obligation [Line Items]
Duration of commitment period	2 years
Area of seismic data required by purchase obligation	200
Minimum required expenditure	17,350,000
Percentage of exploration license area relinquish requirement (in hundredths)	25.00%
Second Renewal Exploration Period [Member]
Recorded Unconditional Purchase Obligation [Line Items]
Duration of commitment period	25 years
Minimum required expenditure	300,000
Series A Preferred Stock [Member]
Summary of the accounting entry to record the acquisition [Abstract]
Series A 7% Preferred Stock, par $400	3,275,200
Dividend rate of preferred stock (in hundredths)	7.00%	7.00%
Preferred stock stated value (in dollars per share)	400	$400
HCN [Member]
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Shares reserved for issuance to certain stock holders with certain rights (in shares)	7,470,000
Shares issued and sold to extinguish debt (in shares)	619,960
Value of shares issued to extinguish debt	3,589,567
Summary of the accounting entry to record the acquisition [Abstract]
Assets acquired	1,529,246
Liabilities assumed	-161,599
Noncontrolling interest in 95% owned HCN subsidiary	30,480
Total	1,398,127
Series A 7% Preferred Stock, par $400	3,275,200
Common stock, at par	8,397
Receivable for common stock	-2,484,879
Additional paid-in capital	599,409
Recorded Unconditional Purchase Obligation [Line Items]
Working interest rights (in hundredths)	51.00%
HCN [Member] | Series A Preferred Stock [Member]
Summary of the accounting entry to record the acquisition [Abstract]
Series A 7% Preferred Stock, par $400	3,275,200
Dividend rate of preferred stock (in hundredths)	7.00%
Preferred stock stated value (in dollars per share)	400
HCN [Member] | Common Stock [Member]
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Number of shares exchanged (in shares)	8,396,667
Value of shares issued for acquisition	64,990,200
HCN [Member] | Preferred Stock [Member]
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Number of shares exchanged (in shares)	8,188
Value of shares issued for acquisition	3,275,200
Per share value of shares issued for acquisition (in dollars per share)	400
Hydrocarb Namibia Energy (Pty) Limited [Member]
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Percentage ownership in subsidiaries (in hundredths)	100.00%
Otaiba Hydrocarb LLC [Member]
Business Acquisition, Equity Interests Issued or Issuable [Line Items]
Percentage ownership in subsidiaries (in hundredths)	95.00%

Supplemental_Cash_Flow_Informa2

Supplemental Cash Flow Information (Details) (USD $)	3 Months Ended		12 Months Ended
	Oct. 31, 2014	Oct. 31, 2013	Jul. 31, 2014
NONCASH INVESTING AND FINANCING ACTIVITIES
Receipt of HEC common stock for notes receivable	$0	$1,000,000
Asset retirement obligation sold	0	4,381	33,195
Accounts payable for oil and gas properties	0	11,373
Asset retirement obligations - change in estimate	-52,431	0	-104,237
Value of shares issued to lenders as part of debt financing	$247,655	$0

Oil_and_Gas_Properties_Schedul

Oil and Gas Properties (Schedule of Oil and Gas Properties) (Details) (USD $)	Oct. 31, 2014	Jul. 31, 2014
Evaluated Properties [Abstract]
Costs subject to depletion	$19,361,384	$19,153,125
Accumulated impairment	-373,335	-373,335
Accumulated depletion	-3,701,639	-3,491,420
Total evaluated properties	15,286,410	15,288,370
Unevaluated properties	2,260,911	2,119,769
Net oil and gas properties	$17,547,321	$17,408,139

Oil_and_Gas_Properties_Details

Oil and Gas Properties (Details) (USD $)	3 Months Ended
	Oct. 31, 2014	Sep. 30, 2012
Oil And Gas Properties [Line Items]
Geological and geophysical costs	$261,000
Namibia Exploration, Inc. [Member]
Oil And Gas Properties [Line Items]
Ownership percentage (in hundredths)		90.00%
Cost responsibility percentage (in hundredths)		100.00%
Exploration costs	141,000
Leasehold costs	2,200,000
Additions to unevaluated properties	$141,000

Asset_Retirement_Obligations_D

Asset Retirement Obligations (Details) (USD $)	3 Months Ended		12 Months Ended
	Oct. 31, 2014	Oct. 31, 2013	Jul. 31, 2014
Reconciliation of asset retirement obligation balance [Roll Forward]
Liability for asset retirement obligation, beginning of period	$11,716,230	$10,933,398	$10,933,398
Asset retirement obligations sold	0	-4,381	-33,195
Asset retirement obligation incurred on properties drilled	0		0
Accretion	302,208	243,976	1,043,928
Revisions in estimated cash flows	-52,431	0	-104,237
Costs incurred	0		-123,664
Liability for asset retirement obligation, end of period	11,966,007		11,716,230
Current portion of asset retirement obligation	60,000		1,133,690
Noncurrent portion of asset retirement obligation	11,906,007		10,582,540
Total liability for asset retirement obligation	$11,966,007		$11,716,230

Notes_Payable_Details

Notes Payable (Details) (USD $)	1 Months Ended	3 Months Ended		1 Months Ended				0 Months Ended
	31-May-12	Oct. 31, 2014	Oct. 31, 2013	Feb. 28, 2014	31-May-14	Apr. 30, 2014	Nov. 30, 2013	Aug. 15, 2014	Jul. 31, 2014
	Payment			Payment
Debt Instrument [Line Items]
Debt instrument, face amount	$18,375
Periodic installments amount	567
Debt instrument, interest rate (in hundredths)	6.93%
Additional funds borrowed		3,452,812	0
Number of required periodic payments	36
Debt issuance cost		283,455
Amortization of debt discount		154,768
Note payable		3,643,380							0
Unamortized of debt discount		902,074
Term or amortization		2 years
Amortization expenses classified as interest expenses		41,510
Unamortized debt issuance cost		241,945
Notes Payable For Vehicle Purchase [Member]
Debt Instrument [Line Items]
Principal balance		4,000							7,100
Note Payable For Commercial Insurance Program [Member]
Debt Instrument [Line Items]
Debt instrument, face amount				403,104
Periodic installments amount				45,718
Principal balance				45,000
Number of required periodic payments				9
Note Payable-Chairman [Member]
Debt Instrument [Line Items]
Debt instrument, face amount		600,000					100,000
Debt instrument, interest rate (in hundredths)		6.25%					5.00%
Additional funds borrowed					300,000	200,000
Principal balance		600,000
Number of required periodic payments		36
Term of debt instrument							1 year
Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument, face amount								4
Principal balance								4,545,454
Discount rate (in hundredths )								12.00%
Structuring fee								90,909
Structuring fee (in hundredths)								2.00%
Debt issuance cost								172,824
Placement fee (in hundredths)								5.00%
Placement fee								227,273
Consulting fee (in hundredths)								1.00%
Consulting fee								45,455
Proceed from long term debt								3,463,539
Additional borrowing capacity								1,000,000
Sale of equity								750,000
Credit agreement period sale of equity								150 days
Structuring Fee on additional borrowings (in hundredths)								2.00%
Threshold Revenues								900,000
Interest rate under condition one (in hundredths)								16.00%
Interest rate under condition two (in hundredths)								14.00%
Interest rate in case of default (in hundredths)								24.00%
Restricted shares issued (in shares)								60,000
Restricted shares issued after 12 months from effective date (in shares)								32,500
Restricted shares issued after 18 months from effective date (in shares)								32,500
Restricted shares issued after 21 months from effective date (in shares)								25,000
Credit agreement effective date								15-Aug-14
Voting stock percentage (in hundredths)								25.00%
Payables in case of default								$250,000
Period of default								30 days

Capital_Stock_Details

Capital Stock (Details) (USD $)	0 Months Ended			3 Months Ended	0 Months Ended		9 Months Ended	1 Months Ended
	Aug. 04, 2014	Dec. 04, 2013	Sep. 06, 2013	Oct. 31, 2014	Dec. 09, 2013	Dec. 02, 2013	Apr. 30, 2014	Aug. 31, 2014
Class of Stock [Line Items]
Maximum percentage of proceeds to be received upon sale of stock to third party (in hundredths)		100.00%	95.00%
Maximum proceeds to be received upon sale of stock to third party			$1,000,000
Period of stock listing on major stock exchange within which the Company will receive proceeds from sale of stock	60 days	90 days	90 days
Period of six month anniversary of stock sale within which the Company will receive proceeds from sale of stock		60 days
Period from date that shares become unrestricted within which the Company will receive proceeds from sale of stock		60 days
Percentage of remaining receivable balance is due within stock listing period (in hundredths)		100.00%
Minimum share price for note receivable to be due to company (in dollars per share)		$6
Note receivable extension fee	50,000
Note payable remaining balance repaid in future	750,000
HCN [Member]
Class of Stock [Line Items]
Preferred stock					3,275,200
Number of shares of common stock issued in exchange for note receivable (in shares)		619,960	191,667
Value of common stock issued in exchange for note receivable		1,859,879	1,000,000
Payment received on note receivable				675,000
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Dividend rate (in hundredths)					7.00%	7.00%
Preferred Stock, shares authorized (in shares)						10,000
Preferred stock stated value (in dollars per share)					$400	$400
Preferred stock, conversion rate (in dollars per share)						$6
Preferred Stock, issued (in shares)					8,188
Preferred stock					3,275,200
Preferred Stock, Value, Beneficial Conversion Feature					949,808
Dividends earned							96,015
Series A Preferred Stock [Member] | HCN [Member]
Class of Stock [Line Items]
Dividend rate (in hundredths)					7.00%
Preferred stock stated value (in dollars per share)					$400
Preferred stock					$3,275,200
Restricted Common Stock [Member]
Class of Stock [Line Items]
Stock issued for notes payable and joint interest billings (in shares)								60,000
Shares issued for services rendered (in shares)				40,000

Capital_Stock_Options_Granted_

Capital Stock, Options Granted (Details) (USD $)	3 Months Ended			12 Months Ended
	Oct. 31, 2014	Oct. 31, 2013		Jul. 31, 2014
Information about options granted to non-employees and employee under stock incentive plans [Abstract]
Compensation expense recognized	$280,475	$983,930
Stock Option [Member]
Information about options granted to non-employees and employee under stock incentive plans [Abstract]
Number of options granted (in shares)	25,000
Number of options Exercised (in shares)	0
Weighted average exercise price of options granted (in dollars per share)	$4.50
Options [Roll Forward]
Outstanding, beginning balance (in shares)	265,333
Granted (in shares)	25,000
Exercised (in shares)	0
Expired (in shares)	-92,000
Outstanding, ending balance (in shares)	198,333			265,333
Weighted Average Exercise Price [Roll Forward]
Outstanding, beginning balance (in dollars per share)	$6.81
Granted (in dollars per share)	$4.50
Exercised (in dollars per share)	$0
Expired (in dollars per share)	$6.85
Outstanding, ending balance (in dollars per share)	$6.52			$6.81
Aggregate intrinsic value, beginning balance	0
Aggregate intrinsic value, ending balance	0			0
Weighted average remaining contractual life, beginning balance	7 years 6 months 4 days			7 years 11 months 12 days
Weighted average remaining contractual life, Granted	5 years
Weighted average remaining contractual life, ending balance	7 years 6 months 4 days			7 years 11 months 12 days
Stock Option [Member] | Non Employees [Member]
Information about options granted to non-employees and employee under stock incentive plans [Abstract]
Number of options granted (in shares)	0
Compensation expense recognized	0
Number of options Exercised (in shares)	0
Number of options cancelled (in shares)	0
Options [Roll Forward]
Granted (in shares)	0
Exercised (in shares)	0
Stock Option [Member] | Employees [Member]
Information about options granted to non-employees and employee under stock incentive plans [Abstract]
Number of options granted (in shares)	25,000	0
Compensation expense recognized	$112,500	$0
Weighted average exercise price of options granted (in dollars per share)	$4.50		[1]
Options [Roll Forward]
Granted (in shares)	25,000	0
Weighted Average Exercise Price [Roll Forward]
Granted (in dollars per share)	$4.50		[1]
2013 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares authorized (in shares)	570,136
[1]	N/A

Capital_Stock_Warrants_Granted

Capital Stock, Warrants Granted (Details) (USD $)	3 Months Ended		12 Months Ended
	Oct. 31, 2014	Oct. 31, 2013	Jul. 31, 2014	Jul. 31, 2011
Warrants Granted To Related Party [Line Items]
Exercise price (in dollars per share)	$7.50		$7.50
Compensation expense recognized	$280,475	$983,930
Warrants [Roll Forward]
Outstanding, beginning balance (in shares)	1,084,584
Granted (in shares)	0
Exercised (in shares)	0
Expired (in shares)	-346,450
Outstanding, beginning balance (in shares)	738,134		1,084,584
Weighted Average Exercise Price [Roll Forward]
Outstanding, beginning balance (in dollars per share)	$7.50
Granted (in dollars per share)	$0
Exercised (in dollars per share)	$0
Expired (in dollars per share)	$7.50
Outstanding, beginning balance (in dollars per share)	$7.50		$7.50
Aggregate intrinsic value	0		0
Weighted average remaining contractual life	1 year 2 months 1 day		1 year 0 months 14 days
Warrant B [Member]
Warrants Granted To Related Party [Line Items]
Fair value	266,017
Warrant C [Member]
Warrants Granted To Related Party [Line Items]
Fair value	206,245
Warrants [Member]
Warrants Granted To Related Party [Line Items]
Compensation expense recognized	$0	$6,754
Geoserve Marketing, LLC [Member]
Warrants Granted To Related Party [Line Items]
Total shares of common stock issuable under warrants (in shares)				400,000
Geoserve Marketing, LLC [Member] | Warrant B [Member]
Warrants Granted To Related Party [Line Items]
Period for calculating average closing price	5 days
Average closing stock price that will trigger issuance of additional warrants (in dollars per share)	$22.50
Number of warrants exercisable upon attaining target average closing price (in shares)	200,000
Exercise price (in dollars per share)	$7.50
Expiration date	15-Feb-16
Term of warrants	2 years 0 months 29 days
Weighted Average Exercise Price [Roll Forward]
Outstanding, beginning balance (in dollars per share)	$7.50
Geoserve Marketing, LLC [Member] | Warrant C [Member]
Warrants Granted To Related Party [Line Items]
Period for calculating average closing price	5 days
Average closing stock price that will trigger issuance of additional warrants (in dollars per share)	$45
Number of warrants exercisable upon attaining target average closing price (in shares)	200,000
Exercise price (in dollars per share)	$7.50
Expiration date	15-Feb-16
Term of warrants	2 years 5 months 26 days
Weighted Average Exercise Price [Roll Forward]
Outstanding, beginning balance (in dollars per share)	$7.50

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	3 Months Ended	12 Months Ended	3 Months Ended
	Oct. 31, 2014	Jul. 31, 2014	Oct. 31, 2013	31-May-12
Related Party Transaction [Line Items]
Due to related parties	$98,585	165,542
Promissory note for funds received from related party				18,375
Interest rate on debt (in hundredths)				6.93%
HCN [Member]
Related Party Transaction [Line Items]
Due to related parties	98,600
Shares issued in order to cancel the value of outstanding balance of related party (in shares)		3,963
Due amount repaid to by the company to the related party	125,000
Company received payment from related party	58,000
Father-In-Law of Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Number of adult children of related party who are significant shareholders	2
Percentage of outstanding common stock owned by beneficial owners (in hundredths)	68.00%
Percentage of working interest sold (in hundredths)	5.00%
Outstanding joint interest billings owed by related party	57	80,468
Period of termination notice	30 days
Expense recognized from consulting contract with related party	0		6,754
Promissory note for funds received from related party	100,000
Term of promissory note	1 year
Interest rate on debt (in hundredths)	5.00%
Maximum borrowing capacity	600,000
Interest rate (in hundredths)	6.25%
Additional borrowing capacity	200,000
Remaining balance borrowing amount	300,000
Number of monthly payment	36 months
Carter E&P [Member]
Related Party Transaction [Line Items]
Revenues	0		39,274
Lease operating costs	0		23,259
Overhead costs incurred	$0		$4,687

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (USD $)	3 Months Ended
	Oct. 31, 2014	Jul. 31, 2013	31-May-12
	LetterofCredit
Commitments And Contingencies [Line Items]
Contingency accrued		$232,974
Cash settlement to be paid by Galveston Bay	35,000
Stock settlement to be paid by Hydrocarb	65,000
Cost renewal of easements	400,000
Number of letters of credit in favor of the Railroad Commission of Texas	2
Debt instrument, face amount			18,375
Schedule of prepaid balances [Abstract]
Prepaid letter of credit fees	101,250
Amortization	-33,950
Net prepaid letter of credit fees	67,300
Minimum [Member]
Commitments And Contingencies [Line Items]
Loss contingency, estimate	150,000
Maximum [Member]
Commitments And Contingencies [Line Items]
Loss contingency, estimate	900,000
Letter of Credit One [Member]
Commitments And Contingencies [Line Items]
Debt instrument, face amount	6,610,000
Debt instrument, fee percentage (in hundredths)	1.50%
Letter of Credit Two [Member]
Commitments And Contingencies [Line Items]
Debt instrument, face amount	120,000
Debt instrument, fee percentage (in hundredths)	1.50%
Accounts payable and accrued expenses [Member]
Commitments And Contingencies [Line Items]
Environmental remediation expense	$150,000