ASSET RETIREMENT OBLIGATION (Tables)
|6 Months Ended|
Jun. 30, 2016
|Asset Retirement Obligation Disclosure [Abstract]|
|Schedule of Asset Retirement Obligations [Table Text Block]||
The asset retirement obligation incurred at the time of drilling was computed using the annual credit-adjusted risk-free discount rate at the applicable dates. Changes in the asset retirement obligation were as follows:
Tabular disclosure of the carrying amount of a liability for asset retirement obligations.
Reference 1: http://www.xbrl.org/2003/role/presentationRef