5. OIL AND GAS PROPERTIES (Details 1) - USD ($) $ in Thousands	May 01, 2016	Feb. 23, 2015
Fair value at May 2016:
Accounts receivable - oil and gas	$ 793	$ 1,578
Oil and gas properties, subject to amortization	3,587	43,562
Total assets	4,380	45,240
Accounts payable	(4,361)	664
Asset retirement obligations	(19)	(87)
Total liabilities	(4,380)	(751)
Final Purchase price	$ 3,587	$ 44,489

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- Definition

Custom Element.

+ References

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Amount of direct costs of the business combination including legal, accounting, and other costs incurred to consummate the business acquisition.

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- Definition

Amount of assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer, acquired at the acquisition date.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472

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Amount of liabilities incurred for goods and services received that are used in an entity's business and related party payables, assumed at the acquisition date.

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