ASSET RETIREMENT OBLIGATION (Tables)

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Company announced its first oil production

	Year Ended December 31,
	2016		2015
Beginning balance at January 1	$	198,279	$	48,923
Liabilities incurred from property acquisition		12,264		146,720
Accretion expense		6,669		2,636
Ending balance at December 31	$	217,212	$	198,279