Annual report pursuant to Section 13 and 15(d)

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.10.0.1
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule Of Depletion and Depletion Rate Per Barrel Of Oil Equivalents [Table Text Block] The following table shows total depletion and depletion per barrel-of-oil-equivalent rate, for the years ended December 31, 2018, 2017 and 2016. 
 
 
 
For the Years Ended December 31,
 
 
 
2018
 
 
2017
 
 
2016
 
 
 
 
 
 
 
 
 
 
 
Depletion
 
$
38,810,864
 
 
$
20,197,690
 
 
$
11,179,858
 
Depletion rate, per barrel-of-oil-equivalent (BOE)
 
$
17.38
 
 
$
13.92
 
 
$
12.73
 
Schedule Of Property Plant And Equipment Estimated Useful Lives [Table Text Block]
Depreciation of buildings and equipment is calculated using the straight-line method based upon the following estimated useful lives:
 
Leasehold improvements
 
 
3-10 years
 
Office equipment and software
 
 
3-7 years
 
Machinery and equipment
 
 
5-10 years