6. PROPERTY, PLANT AND EQUIPMENT

3 Months Ended

Mar. 31, 2013

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

Other property, plant and equipment consist principally of drilling rigs, and office furniture and equipment.  Historical cost and accumulated depreciation are as follows:

	03/31/13			12/31/12
Drilling rigs and related equipment	$	841,647		$	835,146
Office equipment		5,165			5,165
Furniture and fixtures		1,049			1,049
Vehicles		188,541			188,521
Equipment		24,598			24,598
Total property, plant and equipment - at cost		1,061,000			1,054,479
Less: accumulated depreciation		(285,815	)		(218,170	)
Net property, plant and equipment - other	$	775,185		$	836,309

Assets other than drilling equipment and vehicles generally have estimated useful lives of three years.  Estimated useful lives of drilling equipment and vehicles is five years.  Depreciation for the three months ended March 31, 2013 and 2012 was $64,971 and $28,194, respectively.