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DEBT AND INTEREST EXPENSE (Details 2) - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Debt Disclosure [Abstract]      
Credit facility $ 1,104,231 $ 1,109,153 $ 1,010,539
Credit facility commitment fees 34,512 70,813 56,092
Amortization and write offs of credit facility loan costs 286,009 188,669 480,261
Insurance installment loan 13,654 13,640 16,161
Louisiana Mineral Board 0 0 32,383
Other interest charges 1,489 3,275 4,056
Capitalized interest (983,472) (1,059,350) (1,031,816)
Total interest expense $ 456,423 $ 326,200 $ 567,676