Annual report pursuant to Section 13 and 15(d)

NOTE 12. SUPPLEMENTAL INFORMATION RELATING TO OIL AND GAS PRODUCING ACTIVITIES (UNAUDITED) (Details) - Standardized Measure of Discounted Future Cash Flows Relating to Proved Reserves Disclosure

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NOTE 12. SUPPLEMENTAL INFORMATION RELATING TO OIL AND GAS PRODUCING ACTIVITIES (UNAUDITED) (Details) - Standardized Measure of Discounted Future Cash Flows Relating to Proved Reserves Disclosure - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Standardized Measure of Discounted Future Cash Flows Relating to Proved Reserves Disclosure [Abstract]      
Future cash inflows $ 90,265,000 $ 35,738,970  
Future production costs (47,050,770) (17,472,870)  
Future development costs (10,396,000) (4,955,500)  
Future income taxes 0 0  
Future net cash flows 32,818,230 13,310,600  
Discount of future net cash flows at 10% per annum (19,253,750) (7,090,100)  
Standardized measure of discounted future net cash flows $ 13,564,480 $ 6,220,500 $ 6,303,880