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Long-Term Liabilities (Tables)
6 Months Ended
Jun. 30, 2013
Long-Term Liabilities [Abstract]  
Schedule Of Asset Retirement Obligations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

 

June 30,

 

 

2013

 

 

2012

Carrying amount of asset retirement obligations as of beginning of period

$

176,076 

 

$

47,258 

Accretion expense (included in DD&A expense)

 

11,355 

 

 

3,750 

Impact of foreign currency exchange rate changes

 

(10,594)

 

 

1,162 

Payment of asset retirement obligations

 

(14,268)

 

 

(4,741)

Liabilities incurred and assumed

 

(5,756)

 

 

16,742 

Carrying amount of asset retirement obligations, as of end of period

 

156,813 

 

 

64,171 

Less:  Current portion of asset retirement obligations

 

(30,459)

 

 

(2,117)

Long-term asset retirement obligations

$

126,354 

 

$

62,054 

 

Monetary Production Payment Liability

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

 

December 31,

 

 

2013

 

 

2012

 

 

 

 

 

 

Monetary production payment

$

125,000 

 

$

 -

 

 

 

 

 

 

Less:  current portion

 

(20,833)

 

 

 -

 

 

 

 

 

 

Long-term monetary production payment

$

104,167 

 

$

 -