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ASSET RETIREMENT OBLIGATION (Tables)

6 Months Ended

Jun. 30, 2012

ASSET RETIREMENT OBLIGATION (Tables)

Changes in Asset Retirement Obligations

Changes in the asset retirement obligation were as follows:

Balance, January 1, 2012			$	274,788
Accretion expense				9,524
Balance, June 30, 2012			$	284,312

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- Definition

Tabular disclosure of the carrying amount of a liability for asset retirement obligations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Topic 410

-SubTopic 20

-Publisher FASB

-Number

-Article

-Subparagraph

-Name Accounting Standards Codification

-Paragraph 1

-Section 50

-URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849

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