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Fair values of the assets acquired and liabilities assumed (Details) (USD $)
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Jun. 30, 2014
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| Fair values of the assets acquired and liabilities assumed | |
| Proved oil and natural gas properties | $ 6,805,563 |
| Asset retirement obligations | (294,772) |
| Total Identifiable Net Assets | $ 6,510,791 |
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- Details
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- Definition
Current portion of the carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Oil and gas properties, net of depletion, carried under the full cost method. No definition available.
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- Definition
Oil and Gas properties with proved reserves under the successful effort method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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