Quarterly report pursuant to Section 13 or 15(d)

ASSET RETIREMENT OBLIGATION (Tables)

v3.8.0.1
ASSET RETIREMENT OBLIGATION (Tables)
9 Months Ended
Sep. 30, 2017
Asset Retirement Obligation Disclosure [Abstract]  
Schedule of Asset Retirement Obligations [Table Text Block]
Changes in the asset retirement obligation were as follows:
 
Balance, December 31, 2016
 
$
7,957,035
 
Liabilities incurred
 
 
846,868
 
Liabilities settled
 
 
(605,432)
 
Accretion expense
 
 
420,723
 
Balance, September 30, 2017
 
$
8,619,194