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Asset Retirement Obligations (Tables)

12 Months Ended

Jun. 30, 2012

Asset Retirement Obligations

Schedule of reconciliation of the beginning and ending asset retirement obligation

		Year Ended
		2012			2011
Asset retirement obligations — beginning of period		$	859,586		$	811,635
Liabilities incurred		175,943			15,000
Liabilities settled		(61,936		)	(1,847		)
Accretion		77,505			59,913
Revisions to previous estimates		(82,421		)	(25,115		)
Asset retirement obligations — end of period		$	968,677		$	859,586

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- Definition

Tabular disclosure of the changes in carrying amount of a liability for asset retirement obligations, for changes such as new obligations, changes in estimates of existing obligations, spending on existing obligations, property dispositions, and foreign currency translation.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 410

-SubTopic 30

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6393242&loc=d3e13201-110859

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