v3.2.0.727

Condensed Statements Of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
REVENUES	$ 1,309	$ 115,344	$ 2,544	$ 138,423
OPERATING EXPENSES
Depletion, depreciation, amortization and accretion expense	16,215	121,755	32,608	168,895
Lease operating expenses	7,500	67,792	8,500	122,026
Professional fees	36,067	$ 75,096	48,485	$ 155,637
Impairment of oil and gas properties	43,380		43,380
General and administrative expenses	23,910	$ 21,983	45,111	$ 32,930
Total Operating Expenses	127,072	286,626	178,084	479,488
NET LOSS FROM OPERATIONS	(125,763)	$ (171,282)	(175,540)	(341,065)
OTHER INCOME (EXPENSE)
Interest expense	153,629		156,670	123
Total Other Income (Expense)	(153,629)		(156,670)	(123)
NET LOSS	$ (279,392)	$ (171,282)	$ (332,210)	$ (341,188)
BASIC AND DILUTED LOSS PER COMMON SHARE	$ (0.04)	$ (0.54)	$ (0.06)	$ (1.08)
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	6,817,266	317,266	5,560,360	317,266

The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585

SUPERNOVA ENERGY, INC. 10-Q