Annual report pursuant to Section 13 and 15(d)

Tabular disclosure of acquisition and development costs (Tables)

v2.4.0.8
Tabular disclosure of acquisition and development costs (Tables)
 12 Months Ended
Dec. 31, 2013
Costs Incurred in Oil and Gas Producing Activies (Tables)  
Capitalized Costs Relating to Oil and Gas Producing Activities Disclosure

Capitalized Costs Relating to Oil and Natural Gas Producing Activities

 

 

 

 

 

 

 

As of

 

As of

 

 

December 31,

 

December 31,

 

 

2013

 

2012

Proved oil and natural gas properties

 

$

58,040,724

 

$

23,051,904

Office equipment

 

 

257,911

 

 

175,106

Total capitalized costs

 

 

58,298,635

 

 

23,227,010

Accumulated depletion, depreciation and amortization

 

 

(2,880,253)

 

 

(596,162)

 

 

 

 

 

 

 

Net Capitalized Costs

 

$

55,418,382

 

$

22,630,848

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Schedule of Projects with Exploratory Well Costs Capitalized for More than One Year

Net Costs Incurred in Oil and Gas Producing Activities

 

 

 

 

 

 

 

For the Year Ended

 

For the Year Ended

 

 

December 31,

 

December 31,

 

 

2013

 

2012

Acquisition of proved properties

 

$

5,192,441

 

$

9,873,128

Development costs

 

 

29,796,379

 

 

6,581,343

 

 

 

 

 

 

 

Total Net Costs Incurred

 

$

34,988,820

 

$

16,454,471