5. Oil and Gas: Schedule of oil and gas related activity (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of oil and gas related activity

Oil and Gas Properties:		March 31, 2013					December 31, 2012
Oil and gas properties – proved reserves		$		961,777			$		1,042,987
Development costs				80,000					80,000
Accumulated depletion				(180,638	)				(150,754	)

Oil and gas properties - net	$		862,256			$		892,233

- Definition

Tabular disclosure of aggregate capitalized costs relating to an enterprise's oil and gas producing activities and the aggregate related accumulated depreciation, depletion, amortization, and valuation allowances.

+ References+ Details