ESCROW RECEIVABLE (Tables)

12 Months Ended

Dec. 31, 2012

Escrow receivables relating to oil and gas properties

At December 31, 2012 and December 31, 2011, the Company's balance sheet reflected the following escrow receivables relating to various oil and gas properties previously held by the Company:

	Balance as of December 31, 2012
Description	Current		Noncurrent		Total

Tambaqui Escrow	$	22,029	$	—	$	22,029
HDC LLC and HL LLC 15% Escrow		1,827,929		—		1,827,929
HDC LLC and HL LLC 5% Contingency		57,321		—		57,321
HC LLC 14.66% Escrow		151,048		—		151,048
HC LLC 5% Contingency		36,901		—		36,901
TOTAL	$	2,095,228	$	—	$	2,095,228

	Balance as of December 31, 2011
Description	Current		Noncurrent		Total

Caracara Escrow	$	131,021	$	—	$	131,021
Tambaqui Escrow		31,500		—		31,500
HDC LLC and HL LLC 15% Escrow		1,664,581		1,664,581		3,329,162
HDC LLC and HL LLC 5% Contingency		36,230		—		36,230
TOTAL	$	1,863,332	$	1,664,581	$	3,527,913

- Definition

Tabular disclosure of the cash and cash items which are restricted as to withdrawal or usage. The provisions of any restrictions are described in a note to the financial statements. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits.

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