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ASSET RETIREMENT OBLIGATIONS
 12 Months Ended
Dec. 31, 2015
Asset Retirement Obligation Disclosure [Abstract]  
ASSET RETIREMENT OBLIGATIONS
9. ASSET RETIREMENT OBLIGATIONS

 

The following is a reconciliation of the changes in the Company’s liabilities for asset retirement obligations for the years ended December 31, 2015 and 2014:

 

    2015     2014  
    Oil and Gas     Mining     Oil and Gas     Mining  
                         
Balance, beginning of year   $ 945     $ 188     $ 637     $ 175  
Accretion of discount     32       16       27       13  
Liabiities incurred     61       -       281       -  
                                 
Balance, end of year   $ 1,038     $ 204     $ 945     $ 188  

 

As discussed further in Note 6, asset retirement obligations related to the Company’s mining segment are presented as discontinued operations in the accompanying balance sheets.