Quarterly report pursuant to Section 13 or 15(d)

ASSET RETIREMENT OBLIGATION (Tables)

v2.4.0.8
ASSET RETIREMENT OBLIGATION (Tables)
9 Months Ended
Sep. 30, 2013
ASSET RETIREMENT OBLIGATION (Tables)  
Changes in Asset Retirement Obligations

Changes in the asset retirement obligation were as follows:

 

Balance, December 31, 2012

$

496,286

Revision of estimate

 

211,691

Liabilities incurred

 

309,838

Accretion expense

 

37,183

Balance, September 30, 2013

$

1,054,998