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ASSET RETIREMENT OBLIGATIONS
 12 Months Ended
Dec. 31, 2016
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, 2016 and 2015:

 

    2016     2015  
    Oil and Gas     Mining     Oil and Gas     Mining  
                         
Balance, beginning of year   $ 1,038     $ 204     $ 945     $ 188  
Accretion of discount     33       -       32       16  
Sold/Plugged     (26)       (204)       -       -  
Liabilities incurred     -       -       61       -  
Balance, end of year   $ 1,045     $ -     $ 1,038     $ 204  

 

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.