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ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2017
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES  
Components of Accounts Payable and Accrued Liabilities

 

 

 

 

 

 

 

 

 

 

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