ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

12 Months Ended

Dec. 31, 2017

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

NOTE 8 - ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

Accounts payable and accrued liabilities were comprised of the following amounts:

	December 31,
	2017		2016
Trade payables and accrued liabilities	$	1,544,112	$	2,416,551
Accrued interest payable		876,455		302,477
Liabilities incurred in connection with acquisition of crude oil and natural gas properties		1,719,785		290,078
Total	$	4,140,352	$	3,009,106