Annual report pursuant to Section 13 and 15(d)

ACQUISITIONS (Tables)

v3.10.0.1
ACQUISITIONS (Tables)
12 Months Ended
Dec. 31, 2018
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] The following table summarizes the fair values of the assets acquired and the liabilities assumed:
 
Assets acquired
       
  Proved oil and natural gas properties   $
13,775,807
 
Liabilities assumed
       
  Asset retirement obligations     (2,571,549 )
Total Identifiable Net Assets
  $ 11,204,258