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Asset Retirement Obligations (Tables)

9 Months Ended

Mar. 31, 2014

Asset Retirement Obligations

Schedule of reconciliations of the beginning and ending asset retirement obligation balances

		March 31, 2014			June 30, 2013
Asset retirement obligations — beginning of period		$	615,551		$	968,677
Liabilities sold		(48,273		)	(439,927		)
Liabilities incurred		—			60,143
Liabilities settled		(294,152		)	(51,086		)
Accretion of discount		34,977			72,312
Revision of previous estimates		45,172			5,432
Asset retirement obligations due within one year included in “Other current liabilities”		(173,084		)	—
Asset retirement obligations — end of period		$	180,191		$	615,551

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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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