Annual report pursuant to Section 13 and 15(d)

CRUDE OIL AND NATURAL GAS PROPERTIES (Tables)

v2.4.1.9
CRUDE OIL AND NATURAL GAS PROPERTIES (Tables)
12 Months Ended
Dec. 31, 2014
CRUDE OIL AND NATURAL GAS PROPERTIES [Abstract]  
Summary of capitalized costs excluded from depletion
The following is a summary of capitalized costs excluded from depletion at December 31, 2014 by year incurred.

   
Year Ended December 31,
 
   
2014
   
2013
   
2012
   
Prior Years
 
Property Acquisition
  $ 23,919,268     $ 13,085,405     $ 3,356,715     $ 10,281,045  
Development
    -       -       -       -  
Total
  $ 23,919,268     $ 13,085,405     $ 3,356,715     $ 10,281,045