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Changes in the asset retirement obligation as follows (Details) (Asset Retirement obligation, USD $)
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Asset Retirement obligation
USD ($)
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| Balance at Dec. 31, 2012 | $ 496,286 |
| Revision of estimate | 211,691 |
| Liabilities incurred | 309,838 |
| Accretion expense. | 37,183 |
| Balance at Sep. 30, 2013 | $ 1,054,998 |
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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 No definition available.
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- Definition
Assets opening balance 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
Any changes made during the period to the evaluation or calculation of the estimated quantity of oil or gas in proved reserves. No definition available.
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