NOTE 12. SUPPLEMENTAL INFORMATION RELATING TO OIL AND GAS PRODUCING ACTIVITIES (UNAUDITED) (Details) - Schedule of Capitalized Costs Relating to Oil and Gas Producing Activities Disclosure - USD ($) |
Dec. 31, 2016 |
Dec. 31, 2015 |
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Schedule of Capitalized Costs Relating to Oil and Gas Producing Activities Disclosure [Abstract] | ||
Unevaluated properties | $ 0 | $ 0 |
Evaluated properties | 13,092,012 | 4,586,992 |
13,092,012 | 4,586,992 | |
Less: Accumulated DD&A | (1,042,545) | (996,863) |
Net capitalized costs | $ 12,049,467 | $ 3,590,129 |
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- References No definition available.
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- Definition Amount of accumulated depreciation, depletion, amortization and valuation allowance relating to oil and gas producing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The sum of capitalized costs relating to oil and gas producing activities before accounting for accumulated depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Net amount of capitalized costs relating to oil and gas producing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Capitalized costs of proved properties incurred for any combination mineral interests acquisitions; wells and related equipment; support equipment and facilities; and uncompleted wells and equipment and other costs not previously disclosed within this table. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Capitalized costs of unproved properties incurred for any combination mineral interests acquisitions and other costs not previously disclosed within this table. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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