Changes in the asset retirement obligation as follows (Details) (USD $)
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Asset Retirement obligation
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Balance at Dec. 31, 2013 | $ 1,182,410 |
Liabilities acquired | 294,772 |
Liabilities incurred | 737,969 |
Accretion expense | 61,694 |
Balance at Jun. 30, 2014 | $ 2,276,845 |
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- Definition
Balance of asset retirement obligation No definition available.
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- Definition
The total amount of [all] liabilities that an Entity assumes in acquiring a business or in consideration for an asset received in a noncash (or part noncash) acquisition. No definition available.
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- Definition
Amount of asset retirement obligations incurred during the period. No definition available.
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- Definition
Amount recognized for the passage of time, typically for liabilities, that have been discounted to their net present values. Excludes accretion associated with asset retirement obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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