ASSET RETIREMENT OBLIGATIONS (Details 1) - USD ($) |
12 Months Ended | |
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Dec. 31, 2015 |
Dec. 31, 2014 |
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| Additional retirement obligations incurred | $ 26,201 | $ 19,418 |
| Accretion expense | 11,856 | 1,872 |
| Asset Retirement Obligation Costs [Member] | ||
| Asset retirement obligations, beginning | 100,175 | 12,804 |
| Obligations assumed in acquisition | 26,201 | |
| Additional retirement obligations incurred | 19,418 | |
| Change in estimate | 75,096 | 66,081 |
| Accretion expense | 11,856 | 1,872 |
| Asset retirement obligations, ending | $ 213,328 | $ 100,175 |
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- Definition The amount of asset retirement obligations assumed in an acquisition. No definition available.
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- Definition The carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of accretion expense recognized during the period that is associated with an asset retirement obligation. Accretion expense measures and incorporates changes due to the passage of time into the carrying amount of the liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of asset retirement obligations incurred during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the Increase or Decrease in the amount of the asset retirement obligation during the current period for changes in the amount or timing of the estimated cash flows associated with the settlement of the obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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