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STANDARDIZED MEASUREOF FUTURE NET CASHFLOWS (Tables) | 12 Months Ended
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Dec. 31, 2012
STANDARDIZED MEASUREOF FUTURE NET CASHFLOWS (Tables) |
STANDARDIZED MEASUREOF FUTURE NET CASHFLOWS (Tables) | The following table reflects the standardized measure of future net cash flows related to our proved reserves.
|  | 2012 |  |  | 2011 |
Future oil and gas cash inflows |  | $ | 23,109 |  |  | $ | 23,395 |
Future oil and gas operating expenses |  |  | (2,829 | ) |  |  | (5,036 | )
Future development costs |  |  | (3,382 | ) |  |  | (2,343 | )
Future tax expense |  |  | (466 | ) |  |  | (370 | )
Future net cash flows |  |  | 16,432 |  |  |  | 15,404 |
10% discount to reflect timing of cash flows |  |  | 15,708 |  |  |  | (4,505 | )
Standardized measure of discounted future net cash flows |  | $ | 10,724 |  |  | $ | 12,418 |

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