Quarterly report pursuant to Section 13 or 15(d)

ASSET RETIREMENT OBLIGATION (Tables)

v3.7.0.1
ASSET RETIREMENT OBLIGATION (Tables)
6 Months Ended
Jun. 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
 
 
476,437
 
Liabilities settled
 
 
(309,511)
 
Accretion expense
 
 
310,749
 
Balance, June 30, 2017
 
$
8,434,710