Annual report pursuant to Section 13 and 15(d)

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.6.0.2
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2016
Accounting Policies [Abstract]  
Schedule Of Depletion and Depletion Rate Per Barrel Of Oil Equivalents [Table Text Block]
The following table shows total depletion and depletion per barrel-of-oil-equivalent rate, for the years ended December 31, 2016, 2015 and 2014.
 
 
 
For the Years Ended December 31,
 
 
 
2016
 
2015
 
2014
 
 
 
 
 
 
 
 
 
Depletion
 
$
11,179,858
 
$
14,889,487
 
$
11,680,537
 
Depletion rate, per barrel-of-oil-equivalent (BOE)
 
$
12.73
 
$
20.03
 
$
25.20
 
Schedule Of Property Plant And Equipment Estimated Useful Lives [Table Text Block]
Depreciation of buildings and equipment is calculated using the straight-line method based upon the following estimated useful lives:
 
Buildings and improvements
 
30 years
Office equipment and software
 
5-7 years
Machinery and equipment
 
5-7 years