North American Oil & Gas (NAMG) 10-Q/A 1 Jun 15 2015 Q1 Quarterly report (amended) Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	20-May-15
Document And Entity Information
Entity Registrant Name	North American Oil & Gas Corp.
Entity Central Index Key	1515635
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	TRUE
Amendment Description	This Amendment on Form 10-Q/A to the Quarterly Report on Form 10-Q of North American Oil & Gas Corp. (the “Company”) for the three months ended March 31, 2015 (the “Quarterly Period”), as originally filed with the Securities and Exchange Commission (the “SEC”) on May 29, 2015 (the “Original Report”), is being filed to correct certain typographical errors in the Company’s previously issued consolidated financial statements for the Quarterly Period and to revise related disclosures, including “Management’s Discussion and Analysis of Financial Condition and Results of Operations” for the Quarterly Period.
Current Fiscal Year End Date	-19
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		111,176,138
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2015

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
Current Assets
Cash and Cash Equivalents	$11,906	$51,210
Accounts receivable	2,846	2,846
Total current assets	14,752	54,056
Fixed assets, net	3,936	4,334
Other Assets
Oil and gas properties, successful efforts method		215,161
Deposits	21,300	21,300
Total other assets	21,300	236,461
TOTAL ASSETS	39,988	294,851
Current Liabilities
Accounts Payable	77,110	46,130
Accounts Payable - Related Party	169,884	236,167
Other Current Liabilities	369,869	339,360
Current portion of convertible note payable - net of discounts of $146,363 and $74,920, respectively	348,774	407,585
Derivative liability	325,553	61,134
Note Payable - related party, including accrued interest		20,000
Total current liabilities	1,291,190	1,110,376
LONG TERM LIABILITIES
Long term debt		18,413
Asset retirement obligation		77,415
TOTAL LIABILITIES	1,291,190	1,206,204
STOCKHOLDERS' DEFICIT
Preferred stock, $0.001 par value, 25,000,000 shares authorized Nil shares issued and outstanding
Common stock, $0.001 par value, 200,000,000 shares authorized 103,323,338 and 61,114,602 shares issued and outstanding, respectively	103,323	66,164
Additional paid-in capital	2,539,653	2,363,342
Accumulated deficit	-3,894,178	-3,340,859
Total shareholders' deficit	-1,251,202	-911,353
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)	$39,988	$294,851

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Consolidated Balance Sheets Parenthetical
Debt Discount Current	$146,363	$74,920
Common Stock, Par Value	$0.00	$0.00
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares Issued	103,323,338	66,164,337
Common Stock, Shares Outstanding	103,323,338	66,164,337
Preferred Stock, Par Value	$0.00	$0.00
Preferred Stock, Shares Authorized	25,000,000	25,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
OPERATING EXPENSES
Exploration & leasehold costs	$1,648	$28,694
Management and consulting expenses	6,000	40,500
General and administrative expenses	139,598	256,057
Impairment expense
Depreciation	398	362
Accretion on asset retirement obligation		2,320
Total operating expenses	147,644	327,933
OTHER INCOME (EXPENSE)
Interest expense, including amortization of original issue discount, net	-91,868	-2,154
Loss on embedded derivative	-166,062
Loss on sale of assets	-147,745
Other income (expense)		1,493
Total other (income) expense	-405,675	-661
Net loss before provision for income taxes	-553,319	-328,594
Provision for income taxes
NET LOSS	($553,319)	($328,594)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	71,205,870	61,869,237
BASIC AND DILUTED NET LOSS PER SHARE	($0.01)	($0.01)

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	($553,319)	($328,594)
Adjustments to reconcile net (loss) to net cash (used in) operating activities:
Depreciation expense	398	362
Amortization of original issue discount and debt discount	90,104
Accretion expense		2,320
Stock based compensation	6,000	92,090
Loss on embedded derivative	166,062
Loss on sale of assets	-147,745
Changes in Assets and Liabilities:
Decrease in accounts receivable		21
Decrease in accounts payable	30,980	17,206
Decrease in accrued expenses	30,509	36,059
Increase/(Decrease) in accounts payable - related party	12,217	-50,000
Total adjustments	484,015	98,058
Net cash (used in) investing activities	-69,304	-230,536
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of oil and gas properties	-10,000	-19,059
Decrease in restricted cash		1,037
Net cash (used in) investing activities	-10,000	-18,022
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds received from the sale of common stock		300,000
Proceeds from the issuance of short-term convertible debt, net	40,000
Net cash provided by financing activities	40,000	300,000
NET INCREASE (DECREASE) IN CASH	-39,304	51,442
CASH - BEGINNING OF YEAR	51,210	49,563
CASH - END OF YEAR	11,906	101,005
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid during the year for: Interest
Cash paid during the year for: Income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH TRANSACTIONS
Common stock issued for conversion of note payable - related party		52,154
Recovery of Oil and Gas Property		15,581
Common stock issued for conversion of notes payable	45,780
Common stock issued for conversion of accounts payable	78,500
Debt discount from derivative	161,547
Sale of ARO	77,415
Derivative liability extinguished	63,190
Common stock issued for conversion of related party notes payable	$20,000

THE_COMPANY_AND_SUMMARY_OF_SIG

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
NOTE 1 - THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	North American Oil & Gas Corp. (hereinafter referred to as the “Company”) was incorporated in the State of Nevada on April 7, 2010. Since November 16, 2012, the Company has been engaged in the exploration and development of oil and natural gas.
	The accompanying unaudited interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by USGAAP for complete financial statements, and rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited consolidated financial statements and notes thereto contained in the Company’s annual report on Form 10-K for the year ended December 31, 2014 filed with the SEC on May 15, 2015. While management believes the procedures followed in preparing these financial statements are reasonable, the accuracy of the amounts are in some respects dependent upon the facts that will exist, and procedures that will be accomplished by the Company later in the year. 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.
	Commitments and Contingent Liabilities
	The Company is engaged in oil and gas exploration and production and may become subject to certain liabilities as they relate to environmental cleanup of well sites or other environmental restoration procedures as they relate to the drilling of oil and gas wells and the operations. In the Company’s acquisition of existing or previously drilled well bores, the Company may not be aware of what environmental safeguards were taken at the time such wells were drilled or during such time the wells were operated. Should it be determined that a liability exists with respect to any environmental clean-up or restoration, the liability to cure such a violation could fall upon the Company. Management believes its properties are operated in conformity with local, state, and federal regulations. No claim has been made, nor is the Company aware of any uninsured liability which the Company may have, as it relates to any environmental cleanup, restoration, or the violation of any rules or regulations.
	The Company is contingently liable for all of the asset retirement costs associated with the Pass Exploration 77-20 well, as opposed to its 75% working interest share of such costs. The asset retirement obligation has been calculated using the Company’s share of 75% of the working interest in the leased property. Pursuant to the Farm-In, the Company is contingently liable for 100% of the asset retirement obligation related to the Pass Exploration 77-20 well if the well proves to be incapable of producing oil or gas in commercial quantities. This well was in the drilling process as of December 31, 2014. In 2015, the Company has sold its working interest in the 77-20 well and no longer will be recording an asset retirement obligation for well 77-20. The sale with an overriding royalty has reduced the Company’s commitments and continent liabilities while also ensuring the Company recovers its $20,000 bond with the State of California. On March 1, 2015, the Company entered into a Purchase and Sale Agreement with Soda Creek Exploration, LLC (“SCE”) to farm-in to the Tejon agreements in the Pass Exploration 77-20 well. In addition, all ARO costs and liabilities associated with this drilling has been transferred to SCE and NAMG retains an overriding royalty of 1.5% of future production. As a result, the Company lost $147,745 on the sale of the assets.
	Reclassifications
	Certain reclassifications of amounts previously reported have been made to the accompanying consolidated financial statements to maintain consistency between periods presented. The reclassifications had no impact on net (loss) or stockholders’ equity (deficit).

GOING_CONCERN

GOING CONCERN	3 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
NOTE 2 - GOING CONCERN	The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs, which indicates a substantial doubt of its ability to continue as a going concern. The Company has accumulated losses of $3,894,178 and has a working capital deficit of $1,274,438 at March 31, 2015. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease development of operations.
	Recoverability of a major portion of the recorded asset amounts shown in the accompanying balance sheets is dependent upon continued operations of the Company, which in turn is dependent upon the Company’s ability to raise additional capital, obtain financing and to succeed in its future operations. If the Company is unable to make it profitable, the Company could be forced to discontinue operations.
	The financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
NOTE 3 - RELATED PARTY TRANSACTIONS	On November 13, 2012, the Company entered into a Farm-In agreement with Avere Energy Corp (“Avere”), a wholly owned subsidiary of East West Petroleum Corp, a company with common ownership to NAOMG. According to the provisions of the agreement, Avere was to fund $300,000 for overhead, which was funded at 100% as of May 1, 2013. The Company has repaid through cash and overhead deductions in the amount of $193,390 leaving the debt remaining at December 31, 2014 of $106,610. Additionally, Avere has provided $1,300,000 to finance the drilling of Well 77-20 in exchange for a 25% working interest in the Tejon Extension. Well 77-20 has been drilled, and is currently shut in while reviewing additional testing possibilities. As of March 31, 2015 Avere has contributed $1,337,019 towards Well 77-20, with NAMG’s contribution at $115,275.
	On February 1, 2013, the Company entered into a consulting contract with a Board Director, Cosimo Damiano. The consulting contract is for twelve months beginning January 2013 at a rate of $5,000 per month, and covers a variety of consulting activities in the management and operations of the Company. For the twelve (12) month period ending December 31, 2013 the Company incurred consulting fees totaling $60,000, $24,883 of which is included in accounts payable as of March 31, 2015.
	On April 1, 2013 Donald Boyd, Operations Manager, and Robert Skerry Hoar, Managing Geologist, agreed to termination of services as full time employees, and signed Consulting Agreement contracts with the Company this same date. Each individual contract stipulates $5,000 per month fixed compensation for consulting services in the ongoing operations of NAMG. As of March 31, 2015, the Company has $37,333 in accounts payable to Donald Boyd and $1,057 to Robert Skerry Hoar in accounts payable. These agreements have been terminated effective November 30, 2014.
	On July 23, 2014, the Company entered into a short-term promissory note (the “Note”) with ASPS Energy Investments Ltd., a company whose voting and investment control is held by Mr. Robert Rosenthal, the Company’s President and Chief Executive Officer. The Note is for a principal amount of $20,000, bears interest at the rate of 4% per annum, and is payable on or before August 26, 2014. The proceeds from the Note were used for the Company’s general business purposes. This amount remains outstanding as of December 31, 2014, and the Company has accrued $355 in interest on this note through December 31, 2014. The note was amended to have the note to either be paid in the form of cash or converted into shares. On March 17, 2015, the outstanding principal of $20,000 excluding the accrued interest was converted into 5,000,000 shares of common stock at a price of $0.004 per share. The balance of this accounts payable at March 31, 2015 is $0 as the accrued interest was written off to zero.
	Total outstanding related party accounts payable to Avere, Cosimo Damiano, Donald Boyd, Robert Skerry Hoar at March 31, 2015 is $169,884.

COMMON_STOCK

COMMON STOCK	3 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
NOTE 4 - COMMON STOCK	In the three months ended March 31, 2015, the Company issued 12,234,000 shares of common stock in conversion of $29,262 in convertible notes with WHC Capital, and $16,519 in convertible notes with JMJ Financial; and 19,625,001 shares of common stock in conversion of $78,500 of accounts payable with various related parties.
	On March 17, 2015, the Board of Directors of the Company authorized to increase the authorized capital stock from 200,000,000 shares of common stock to 1,000,000,000 shares of common stock. The preferred stock remained unchanged at 25,000,000 shares. Although authorized by the Board and a consent of a majority of the shares entitled to vote on the increase, the increase in authorized shares will become effective on the filing of an amendment to the Company’s Articles of Incorporation which is expected to occur on or about June 22, 2015.
	As of March 31, 2015, the Company has 103,323,338 shares of common stock issued and outstanding.

STOCK_OPTIONS

STOCK OPTIONS	3 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
NOTE 5 - EQUITY	The Company awarded Linda Gassaway, Chief Financial Officer, 500,000 shares of stock options on April 1, 2013. The restricted stock options were offered at an exercise price of $.80 per share, and vested one year from date of grant (April 1, 2014). The Company also had 350,000 options that have fully vested in previous years outstanding.
	The fair value of the option grants were estimated on the date of the grant using the Black-Scholes option-pricing model with the following weighted average assumptions: expected volatility of 202.5%, risk free interest rate of 0.76%; and expected term of five years.
	During the three months ended March 31, 2015, the Company recorded stock-based compensation of $0 related to options granted in prior periods. At March 31, 2015 the weighted average remaining life of the stock options is 7 years. All options had been fully amortized as of March 31, 2015.
	Outstanding as of March 31, 2015		Number of				Range of				Weighted-Average
			Options/Shares				Exercise Prices				Exercise Price
	Outstanding as of December 31, 2014			850,000			$	0.70-$ 0.80			$	0.76
	Options granted			-			$	0			$	0
	Options exercised			-			$	0			$	0
	Options forfeited/expired/cancelled			-			$	0			$	0
	Outstanding as of March 31, 2015			850,000			$	0.70-$0.80			$	0.76
	Exercisable as of March 31, 2015			850,000			$	0.70-$0.80			$	0.76
	Information about stock options outstanding as of September 30, 2014 is as follows:
	Exercise Price				Number of				Weighted-Average				Number of
					Options				Remaining				Options
					Outstanding				Contractual Life				Exercisable
									(years)
	$	0.7				350,000				6.9				350,000
	$	0.8				500,000				8				500,000
						850,000				7.56				850,000

CONVERTIBLE_NOTES_PAYABLE

CONVERTIBLE NOTES PAYABLE	3 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
NOTE 6 - CONVERTIBLE NOTES PAYABLE	WHC Capital, LLC
	On August 12, 2014 the Company entered into a Convertible Promissory Note with WHC Capital, LLC. (“WHC”). The Convertible Promissory Note provides the Company with a note in the principal amount of $210,000. The net proceeds the Company received was $135,000 as $60,000 of Original Issue Discount and a financing fee of $15,000 was netted out from the total principal. The Convertible Promissory Note matures on February 11, 2015, and the Company shall make monthly installments of $25,000, commencing September 11, 2014, with the balance due at maturity. As of December 31, 2014, payments in the amount of $50,000 have been made and the balance remaining at December 31, 2014 is $160,000. As the Company failed to make their required $25,000 installment (and subsequent installments), on November 10, 2014, they have defaulted on the WHC Convertible Promissory Note. As a result of the default, pursuant to the terms of WHC Convertible Promissory Note, the November 10, 2014 installment of $25,000 is increased by 30%, and bears interest at 22%. Additionally, the default leads to acceleration and then the full note is increased by 150% to total $330,581. The Company is in process of negotiating a settlement with WHC. As of December 31, 2014, the Company recorded $170,418 in default interest and penalties. In the three months ended March 31, 2015, the Company converted $29,262 of these notes into shares of common stock.
	The Convertible Promissory Note may not be prepaid in whole or in any part except as otherwise explicitly set forth in the agreement. Any amount of principal or interest on this Convertible Promissory Note which is not paid when due shall bear interest at the rate of twenty-two percent (22%) per annum from the due date thereof until the same is paid (see above).
	WHC shall have the right and at any time after February 11, 2015 to convert all or any part of the outstanding and unpaid principal amount of the Convertible Promissory Note into shares of the Company’s common stock at a conversion price of a thirty-percent (30%) discount off the average of the three (3) lowest intra-day trading prices during the twenty (20) trading days immediately preceding a conversion date, as reported by NASDAQ. The Company recognized a derivative liability in the amount of $229,213 when the note became convertible. Of that amount $141,667 was recognized as debt discount. This amount is amortized using the straight-line method over the life of the Convertible Promissory Note. For the period ended March 31, 2015, the Company has amortized $48,898, with $92,769 remaining as of March 31, 2015.
	In accordance with the Convertible Promissory Note agreement, if at any time when the note is outstanding, the Company issues or sells, any common shares for no consideration or for consideration per share less than the conversion price in effect on the date of such issuance of such shares of common stock, then immediately upon that issuance, the conversion price will be reduced to the amount of the consideration per share received by the Company.
	In addition, the Company has recognized an original issue discount in the amount of $60,000. This amount is amortized using the straight-line method over the life of the Convertible Promissory Note. For the period ended March 31, 2015, the Company has amortized $11,650, with $349 remaining as of March 31, 2015.
	The WHC note was issued with 500,000 warrants, expiring thirty-six months from the execution of the warrant agreement are exercisable into 500,000 common shares of the Company’s Common Stock at $.15 per share. The fair value of the warrants were estimated on the date of the grant using the Black-Scholes option-pricing model with the following weighted average assumptions: expected volatility of 128.14%, risk free interest rate of 1.00%; and expected term of three years. The fair value of the warrants on the date of issuance is reflected as a debt discount in the amount of $24,760 and an increase to additional paid-in capital. Through the period ended March 31, 2015, there was amortization of the debt discount of $6,334 to bring the debt discount to $0 as of March 31, 2015.
	JMJ Financial
	On September 3, 2014 the Company entered into a Convertible Note with JMJ Financial (“JMJ”). The Convertible Note provides the Company with a note in the principal amount up to $300,000. The Company received an initial tranche of gross proceeds of $50,000, and net proceeds of $45,000, the $5,000 being Original Issue Discount. The term of the Convertible Note is two years. There is no interest due if the Company repays the note in the first three months. If the Company fails to repay the note within the 90 day period, a one-time interest charge of twelve percent (12%) shall be applied to the principal. A second tranche with similar terms of $25,000 gross proceeds and $22,500 net proceeds was received on December 18, 2014.
	JMJ has the right after the 90th day, at its election, to convert all or part of the outstanding and unpaid principal and accrued interest into shares of common stock at a conversion price of 60% of the lowest trade price in the 20 trading days previous to the conversion. On December 3, 2014, when the first tranche of the JMJ Note became convertible, the Company recognized a derivative liability in the amount of $66,204, of which $50,000 was recognized as a debt discount. The Company recognized a fair value adjustment of $5,070 through December 31, 2014 bringing the derivative liability balance down to $61,134 at December 31, 2014. In the three months ended March 31, 2015, the Company converted $16,519 of convertible notes into shares of common stock. On March 16, 2015, the second tranche became convertible and the company recognized a derivative liability in the amount of $23,273, of which $19,880 was recognized as debt discount. For the period ended March 31, 2015 there was amortization of the debt discount of $21,755 to bring the unamortized debt discount down to $48,125.
	In addition, the Company has recognized an original issue discount in the amount of $7,500. At December 31, 2014, the debt discount net of amortization was $6,587. This amount is amortized using the straight-line method over the life of the Convertible Promissory Note. For the period ended March 31, 2015, the Company has amortized $1,467, with $5,120 remaining as of March 31, 2015.
	KBM Worldwide, Inc.
	On November 7, 2014 the Company entered into a Convertible Promissory Note with KBM Worldwide, Inc. (“KBM”). The Convertible Promissory Note in the principal amount of $53,500 accrues interest at the rate of 8% per annum and matures August 7, 2015. Any amount of principal or interest on this Convertible Promissory Note which is not paid when due shall bear interest at the rate of 22% per annum (“Default Rate”). The Company received net proceeds of $50,000 for this note, paying $3,500 of fees related to the note out of closing. On January 9, 2015, the Company was funded an additional $40,000.
	KBM shall have the right to convert this note into shares of the Company’s common stock after 180 days at a conversion price equal to 61% (39% discount) of the average of the three lowest trading prices during the ten trading day period ending on the latest complete trading day prior to conversion. Upon becoming convertible, the conversion feature will be accounted for as an embedded derivative liability.
	There has been no payments made on this note through March 31, 2015, and the Company has accrued $2,399 in interest of which $1,766 is for the period ended March 31, 2015.
	On April 15, 2015, KBM notified the Company that they were in default of their Convertible Promissory Notes due to the Company’s failure to be in compliance with the reporting requirements of the Exchange Act. As a result of this default, and as discussed in the Convertible Promissory Note with KBM, the notes are due on demand for immediate payment representing 150% of the remaining outstanding principal balance, together with Default Interest as provided for in the notes. If the payment is not paid within 5 days of the notice of default, KBM has the right at its sole discretion to convert the default amount into equity as provided for in the notes.
	LG Capital Funding, LLC
	On November 18, 2014 the Company entered into a Convertible Redeemable Note with LG Capital Funding, LLC. (“LG”). The Convertible Redeemable Note in the principal amount of $42,000 accrues interest at the rate of 8% per annum and matures November 18, 2015. The note may be prepaid at any time up to the 180th day at a prepayment penalty as stipulated in the note agreement. The Company received net proceeds of $40,000 for this note, paying $2,000 of fees related to the note out of closing.
	LG shall have the right to convert this note into shares of the Company’s common stock after 180 days at a conversion price equal to 65% (35% discount) of the lowest trading prices during the twenty trading day period ending on the latest complete trading day prior to conversion. Upon becoming convertible, the conversion feature will be accounted for as an embedded derivative liability.
	There has been no payments made on this note through March 31, 2015, and the Company has accrued $1,224 of which $828 is for the period ended March 31, 2015.
	Long-term Debt Summary – March 31, 2015	WHC			JMJ			KBM			LG			Total
		Capital			Financial			Worldwide			Capital
	Principal Amount	$	210,000		$	75,000		$	93,500		$	42,000		$	420,500
	Original Issue Discount		-			(5,120	)		-			-			(5,120	)
	Debt Discount		(93,118	)		(48,125	)		-			-			(141,243	)
	Principal converted to stock		(29,262	)		(16,519	)		-			-			(45,781	)
	Default Interest Added		170,418			-			-			-			170,418
	Principal Repayments		(50,000	)		-			-			-			(50,000	)
	Total – March 31, 2015		208,038			5,236			93,500			42,000			348,774
	Less: Current portion of convertible notes payable		(208,038	)		(5,236	)		(93,500	)		(42,000	)		(348,774	)
	Long-term portion of convertible notes payable	$	-		$	-		$	-		$	-		$	-

SALE_OF_PROPERTY

SALE OF PROPERTY	3 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
NOTE 7 - SALE OF PROPERTY	On March 1, 2015, the Company entered into a Purchase and Sale Agreement with Soda Creek Exploration, LLC (“SCE”) for the sale of its Tejon Extension Acreage, which included the Pass Exploration 77-20 well. The company received nil consideration for the sale upfront but all its ARO costs and liabilities associated with the leases and Well 77-20 have been transferred to SCE and NAMG retains an overriding royalty of 1.5% of future production. As a result of the sale of property, the Company recognized a loss of $147,745 on the assets of Well 77-20.

FAIR_VALUE_MEASUREMENT

FAIR VALUE MEASUREMENT	3 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
NOTE 8 - FAIR VALUE MEASUREMENT	The Company records its financial assets and liabilities at fair value, which is defined as the price that would be received to sell the asset or paid to transfer a liability, in the principal or most advantageous market for the asset or liability, in an orderly transaction between market participants at the measurement date. The fair value measurement of these liabilities is consistent with ASC 820, "Fair Value Measurements", whereby the Company is required to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The three levels of inputs that may be used to measure fair value are as follows:
		Level 1:	Inputs based on quoted market prices for identical assets or liabilities in active markets at the measurement date.
		Level 2:	Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.
		Level 3:	Inputs reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. The inputs are unobservable in the market and significant to the instrument’s valuation.
	The following table presents the Company’s hierarchy for its financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2015:
			Level 1			Level 2			Level 3		Total
	Derivative liabilities			—			—			325,553		325,553
	There were no such derivatives at December 31, 2013
	The estimated fair values of the Company’s derivative liabilities are as follows:
			Convertible			Derivative			Notes
			Notes(1)			Liability(2)			Payable(3)
	Liabilities Measured at Fair Value
	Beginning balance as of December 31, 2014		$	433,500		$	61,134		$	20,000
	Derivative expense			-			252,487			-
	Revaluation (gain)/loss in interest expense			-			75,122			-
	Issuances, net of discount and repayments			(179,945	)		(63,190	)		-
	Amortization of discount			90,219			-			-
	Ending balance as of March 31, 2015		$	348,774		$	325,553		$	-
	Total (gain)/loss from revaluation of derivatives included in earnings for the period and reported as an adjustment to interest is as follows:
	For fiscal 2014		$	-		$	-		$	-
	For fiscal 2015			-			166,062			-
	-1	The balance as of December 31, 2014 and March 31, 2015, includes gross proceeds received, net of repayments including conversion of debt for common shares.
	-2	Represents the derivative liability on the convertible notes.
	-3	The balance represents the gross amounts outstanding for December 31, 2014 and March 31, 2015.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2015
Notes to Financial Statements
NOTE 9 - SUBSEQUENT EVENTS	The Company in April and May issued 7,852,800 shares of common stock in conversion of convertible notes payable of $14,135.
	On April 15, 2015, KBM notified the Company that they were in default of their Convertible Promissory Notes due to the Company’s failure to be in compliance with the reporting requirements of the Exchange Act. As a result of this default, and as discussed in the Convertible Promissory Note with KBM, the notes are due on demand for immediate payment representing 150% of the remaining outstanding principal balance, together with Default Interest as provided for in the notes. If the payment is not paid within 5 days of the notice of default, KBM has the right at its sole discretion to convert the default amount into equity as provided for in the notes.

THE_COMPANY_AND_SUMMARY_OF_SIG1

THE COMPANY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2015
Company And Summary Of Significant Accounting Policies Policies
Commitments and Contingent Liabilities	The Company is engaged in oil and gas exploration and production and may become subject to certain liabilities as they relate to environmental cleanup of well sites or other environmental restoration procedures as they relate to the drilling of oil and gas wells and the operations. In the Company’s acquisition of existing or previously drilled well bores, the Company may not be aware of what environmental safeguards were taken at the time such wells were drilled or during such time the wells were operated. Should it be determined that a liability exists with respect to any environmental clean-up or restoration, the liability to cure such a violation could fall upon the Company. Management believes its properties are operated in conformity with local, state, and federal regulations. No claim has been made, nor is the Company aware of any uninsured liability which the Company may have, as it relates to any environmental cleanup, restoration, or the violation of any rules or regulations.
	The Company is contingently liable for all of the asset retirement costs associated with the Pass Exploration 77-20 well, as opposed to its 75% working interest share of such costs. The asset retirement obligation has been calculated using the Company’s share of 75% of the working interest in the leased property. Pursuant to the Farm-In, the Company is contingently liable for 100% of the asset retirement obligation related to the Pass Exploration 77-20 well if the well proves to be incapable of producing oil or gas in commercial quantities. This well was in the drilling process as of December 31, 2014. In 2015, the Company has sold its working interest in the 77-20 well and no longer will be recording an asset retirement obligation for well 77-20. The sale with an overriding royalty has reduced the Company’s commitments and continent liabilities while also ensuring the Company recovers its $20,000 bond with the State of California. On March 1, 2015, the Company entered into a Purchase and Sale Agreement with Soda Creek Exploration, LLC (“SCE”) to farm-in to the Tejon agreements in the Pass Exploration 77-20 well. In addition, all ARO costs and liabilities associated with this drilling has been transferred to SCE and NAMG retains an overriding royalty of 1.5% of future production. As a result, the Company lost $147,745 on the sale of the assets.
Reclassifications	Certain reclassifications of amounts previously reported have been made to the accompanying consolidated financial statements to maintain consistency between periods presented. The reclassifications had no impact on net (loss) or stockholders’ equity (deficit).

STOCK_OPTIONS_Tables

STOCK OPTIONS (Tables)	3 Months Ended
	Mar. 31, 2015
Stock Options Tables
Weighted average remaining life	Outstanding as of March 31, 2015		Number of				Range of				Weighted-Average
			Options/Shares				Exercise Prices				Exercise Price
	Outstanding as of December 31, 2014			850,000			$	0.70-$ 0.80			$	0.76
	Options granted			-			$	0			$	0
	Options exercised			-			$	0			$	0
	Options forfeited/expired/cancelled			-			$	0			$	0
	Outstanding as of March 31, 2015			850,000			$	0.70-$0.80			$	0.76
	Exercisable as of March 31, 2015			850,000			$	0.70-$0.80			$	0.76
Stock options outstanding	Exercise Price				Number of				Weighted-Average				Number of
					Options				Remaining				Options
					Outstanding				Contractual Life				Exercisable
									(years)
	$	0.7				350,000				6.9				350,000
	$	0.8				500,000				8				500,000
						850,000				7.56				850,000

CONVERTIBLE_NOTES_PAYABLE_Tabl

CONVERTIBLE NOTES PAYABLE (Tables)	3 Months Ended
	Mar. 31, 2015
Convertible Notes Payable Tables
Long-term Debt Summary	Long-term Debt Summary – March 31, 2015	WHC			JMJ			KBM			LG			Total
		Capital			Financial			Worldwide			Capital
	Principal Amount	$	210,000		$	75,000		$	93,500		$	42,000		$	420,500
	Original Issue Discount		-			(5,120	)		-			-			(5,120	)
	Debt Discount		(93,118	)		(48,125	)		-			-			(141,243	)
	Principal converted to stock		(29,262	)		(16,518	)		-			-			(45,781	)
	Default Interest Added		170,418			-			-			-			170,418
	Principal Repayments		(50,000	)		-			-			-			(50,000	)
	Total – March 31, 2015		208,038			5,236			93,500			42,000			348,774
	Less: Current portion of convertible notes payable		(208,038	)		(5,236	)		(93,500	)		(42,000	)		(348,774	)
	Long-term portion of convertible notes payable	$	-		$	-		$	-		$	-		$	-

FAIR_VALUE_MEASUREMENT_Tables

FAIR VALUE MEASUREMENT (Tables)	3 Months Ended
	Mar. 31, 2015
Fair Value Measurement Tables
Financial assets and liabilities measured at fair value on a recurring basis		Level 1			Level 2			Level 3		Total
	Derivative liabilities		—			—			325,553		325,553
Estimated fair values of the Company's derivative liabilities	The estimated fair values of the Company’s derivative liabilities are as follows:
		Convertible			Derivative			Notes
		Notes(1)			Liability(2)			Payable(3)
	Liabilities Measured at Fair Value
	Beginning balance as of December 31, 2014	$	433,500		$	61,134		$	20,000
	Derivative expense		-			252,487			-
	Revaluation (gain)/loss in interest expense		-			75,122			-
	Issuances, net of discount and repayments		(179,945	)		(63,190	)		-
	Amortization of discount		90,219			-			-
	Ending balance as of March 31, 2015	$	348,774		$	325,553		$	-
	Total (gain)/loss from revaluation of derivatives included in earnings for the period and reported as an adjustment to interest is as follows:
	For fiscal 2014	$	-		$	-		$	-
	For fiscal 2015		-			166,062			-

GOING_CONCERN_Details_Narrativ

GOING CONCERN (Details Narrative) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Going Concern Details Narrative
Accumulated deficit	($3,894,178)	($3,340,859)
Working capital deficit	$1,274,438

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2013	Mar. 31, 2015	Dec. 31, 2014
Accounts payable		$0
Cash deduction			193,390
Remaining debt amount			106,610
Leaving a remaining obligation from Avere		40,054
Consulting expenses	60,000
Consulting expenses amount included in accounts payable		24,883
Accrued interest			355
Accounts Payable - Related Party		169,884	236,167
Donald Boyd [Member]
Accounts payable		37,333
Robert Skerry Hoar [Member]
Accounts payable		1,057
Avere [Member]
Related Party Transaction Funding		1,337,019
NAMG [Member]
Related Party Transaction Funding		$115,275

COMMON_STOCK_Details_Narrative

COMMON STOCK (Details Narrative) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Common Stock, Shares Issued	103,323,338	66,164,337
Common Stock, Shares Outstanding	103,323,338	66,164,337
Stock issued for conversion of convertible notes, Shares	12,234,000
Stock issued for conversion of accounts payable to related parties, Shares	19,625,001
Stock issued for conversion of accounts payable to related parties, Amount	$78,500
WHC Capital [Member]
Stock issued for conversion of convertible notes, Amount	29,262
JMJ Financial [Member]
Stock issued for conversion of convertible notes, Amount	$16,518

STOCK_OPTIONS_Details

STOCK OPTIONS (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Number of Shares
Outstanding, Beginning	850,000
Options granted
Options exercised
Options fofeited/expired/cancelled
Outstanding, Ending	850,000
Exercisable, Ending	850,000
Range of Exercise Prices
Options granted	$0
Options exercised	$0
Options fofeited/expired/cancelled	$0
Weighted Average Exercise Price
Outstanding, Beginning	$0.76
Options granted	$0
Options exercised	$0
Options fofeited/expired/cancelled	$0
Outstanding, Ending	$0.76
Exercisable, Ending	$0.76
Minimum [Member]
Range of Exercise Prices
Outstanding, Beginning		$0.70
Outstanding, Ending	$0.70	$0.70
Exercisable, Ending	$0.70
Maximum [Member]
Range of Exercise Prices
Outstanding, Beginning		$0.80
Outstanding, Ending	$0.80	$0.80
Exercisable, Ending	$0.80

STOCK_OPTIONS_Details_1

STOCK OPTIONS (Details 1) (USD $)	3 Months Ended
	Mar. 31, 2015
Number of Options Outstanding	850,000
Weighted Average Remaining Contractual Life (years)	7 years 6 months 22 days
Number of Options Exercisable	850,000
0.70 [Member]
Exercise Price	0.7
Number of Options Outstanding	350,000
Weighted Average Remaining Contractual Life (years)	6 years 10 months 24 days
Number of Options Exercisable	350,000
0.80 [Member]
Exercise Price	0.8
Number of Options Outstanding	500,000
Weighted Average Remaining Contractual Life (years)	8 years
Number of Options Exercisable	500,000

STOCK_OPTIONS_Details_Narrativ

STOCK OPTIONS (Details Narrative) (USD $)	3 Months Ended
	Mar. 31, 2015
Stock Options Details Narrative
Stock-based compensation	$0
Weighted average remaining life of stock options	7 years

CONVERTIBLE_NOTES_PAYABLE_Deta

CONVERTIBLE NOTES PAYABLE (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Principal Amount	$420,500
Original Issue Discount	-5,120
Debt discount	-141,243
Principal converted to stock	-45,781
Default Interest Added	170,418
Principal Repayments	-50,000
Total - March 31, 2015	348,774	407,585
Less: Current portion of convertible notes payable	-348,774
Long-term portion of convertible notes payable
WHC Capital, LLC [Member]
Principal Amount	210,000
Original Issue Discount
Debt discount	-93,118
Principal converted to stock	-29,262
Default Interest Added	170,418
Principal Repayments	-50,000
Total - March 31, 2015	208,038
Less: Current portion of convertible notes payable	-208,038
Long-term portion of convertible notes payable
JMJ Financial [Member]
Principal Amount	75,000
Original Issue Discount	-5,120
Debt discount	-48,125
Principal converted to stock	-16,519
Default Interest Added
Principal Repayments
Total - March 31, 2015	5,236
Less: Current portion of convertible notes payable	-5,236
Long-term portion of convertible notes payable
KBM Worldwide [Member]
Principal Amount	93,500
Original Issue Discount
Debt discount
Principal converted to stock
Default Interest Added
Principal Repayments
Total - March 31, 2015	93,500
Less: Current portion of convertible notes payable	-93,500
Long-term portion of convertible notes payable
LG Capital [Member]
Principal Amount	42,000
Original Issue Discount
Debt discount
Principal converted to stock
Default Interest Added
Principal Repayments
Total - March 31, 2015	42,000
Less: Current portion of convertible notes payable	-42,000
Long-term portion of convertible notes payable

CONVERTIBLE_NOTES_PAYABLE_Deta1

CONVERTIBLE NOTES PAYABLE (Details Narrative) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Principal converted to stock	$45,781
Amortization of debt discount	90,104
Debt discount	141,243
KBM Worldwide [Member]
Principal converted to stock
Debt discount
Accrued interest	1,766
WHC Capital, LLC [Member]
Payment amount			50,000
Balance remaining			160,000
Default interest and penalties			170,418
Principal converted to stock	29,262
Amortized amount	48,898
Remaining amortized amount	92,769
Amortization of debt discount	6,334
Debt discount	93,118
WHC Capital, LLC One [Member]
Amortized amount	11,650
Remaining amortized amount	349
Debt discount	0
JMJ Financial [Member]
Principal converted to stock	16,519
Amortized amount	1,467
Remaining amortized amount	5,120
Derivative liability			61,134
Amortization of debt discount	21,755		6,587
Debt discount	48,125
LG Capital [Member]
Principal converted to stock
Debt discount
Accrued interest	$828

FAIR_VALUE_MEASUREMENT_Details

FAIR VALUE MEASUREMENT (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Derivative liabilities	$325,553	$61,134
Fair Value, Inputs, Level 1 [Member]
Derivative liabilities
Fair Value, Inputs, Level 2 [Member]
Derivative liabilities
Fair Value, Inputs, Level 3 [Member]
Derivative liabilities	$325,553

FAIR_VALUE_MEASUREMENT_Details1

FAIR VALUE MEASUREMENT (Details 1) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2015	Dec. 31, 2014
Convertible Notes Payable [Member]
Beginning balance	$433,500	$433,500
Derivative expense
Revaluation (gain)/loss in interest expense
Issuances, net of discount	-179,945
Amortization of discount	90,219
Ending balance as of March 31, 2015	348,774		433,500
Total (gain)/loss from revaluation of derivatives included in earning
Derivative Liability [Member]
Beginning balance	61,134	61,134
Derivative expense	252,487
Revaluation (gain)/loss in interest expense	75,122
Issuances, net of discount	-63,190
Amortization of discount
Ending balance as of March 31, 2015	325,553		61,134
Total (gain)/loss from revaluation of derivatives included in earning		166,062
Notes Payable [Member]
Beginning balance	20,000	20,000
Derivative expense
Revaluation (gain)/loss in interest expense
Issuances, net of discount
Amortization of discount
Ending balance as of March 31, 2015			20,000
Total (gain)/loss from revaluation of derivatives included in earning