Quarterly report pursuant to Section 13 or 15(d)

4. OIL & GAS PROPERTIES (Details)

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4. OIL & GAS PROPERTIES (Details) - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Oil and Gas Property [Abstract]    
Evaluated costs subject to amortization $ 12,458,270 $ 11,664,586
Unevaluated costs 37,529,864 31,746,477
Total capitalized costs 49,988,134 43,411,063
Less accumulated depreciation, depletion and amortization (7,671,198) (6,845,602)
Total oil and gas properties $ 42,316,936 $ 36,565,461