Quarterly report pursuant to Section 13 or 15(d)

Asset Retirement Obligation (Tables)

v3.7.0.1
Asset Retirement Obligation (Tables)
6 Months Ended
Jun. 30, 2017
Asset Retirement Obligation Disclosure [Abstract]  
Schedule of Changes in Asset Retirement Obligation

The following shows the changes in asset retirement obligations:

 

Asset retirement obligations, January 1, 2017   $ -  
Liabilities incurred during the period     291,659  
Release of liabilities associated with the sale of oil properties     -  
Liabilities settled during the year     -  
Accretion     5,834  
Asset retirement obligations, June 30, 2017   $ 297,493