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Commitments | 3 Months Ended
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Mar. 31, 2017
Commitments [Abstract] |
Commitments | Note M – Commitments ﻿ The Company has entered into forward sales contracts to mitigate the price risk for a portion of its 201 7 to 2020 natural gas sales volumes in Western Canada. During the period from April to December 2017 the natural gas sales contracts call for deliveries of approximately 124 million cubic feet per day at Cdn $2.97 per MCF. Additional contracts call for deliveries from January 201 8 through December 2020 of approximately 59 million cubic feet per day at Cdn $2.81 per MCF. These natural gas contracts have been accounted for as normal sales for accounting purposes.

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- Definition The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -URI http://asc.fasb.org/topic&trid=2144648 + Details
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