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4. OIL AND GAS PROPERTIES (Tables) | 6 Months Ended
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Jun. 30, 2013
DisclosureOilAndGasPropertiesTablesAbstract |
Oil and gas interests | The following tables summarize the Company’s oil and gas activities by classification for the six months ended June 30, 2013:
|  | December 31, 2012 |  |  | Additions |  |  | Disposals |  |  | Transfers |  |  | June 30, 2013 |
Unproved properties |  | $ | 1,105,645 |  |  | $ | 5,081,135 |  |  | $ | - |  |  | $ | - |  |  | $ | 6,186,780 |
Proved properties |  |  | 2,479,535 |  |  |  | 1,000,352 |  |  |  |  |  |  |  |  |  |  |  | 3,479,887 |
Asset retirement costs |  |  | 16,552 |  |  |  | (1,444) |  |  |  | - |  |  |  | - |  |  |  | 15,108 |
Accumulated depreciation depletion and impairment |  |  | (255,662 | ) |  |  | (305,778 | ) |  |  | - |  |  |  | - |  |  |  | (561,440 | )
Total oil and gas assets |  | $ | 3,346,070 |  |  | $ | 5,774,265 |  |  | $ | - |  |  | $ | - |  |  | $ | 9,120,335 |

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- Definition Tabular disclosure of actual developed and undeveloped gas and oil acreage in which the entity owns an interest. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Industry Guide -Number 2 -Paragraph 4 -Subparagraph A + Details
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