ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2017

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

Components of Accounts Payable and Accrued Liabilities

	March 31, 2017		December 31, 2016
Trade payables and accrued liabilities	$	6,872,687	$	2,366,429
Accrued interest payable		784,415		352,599
Liabilities incurred in connection with acquisition of crude oil and natural gas properties		—		290,078
Total	$	7,657,102	$	3,009,106