9. Asset Retirement Obligation: Schedule of Change in Asset Retirement Obligation (Tables)

3 Months Ended

Mar. 31, 2013

Tables/Schedules

Schedule of Change in Asset Retirement Obligation

                                                                                                                             3/31/2013                12/31/2012

Asset retirement obligation at the beginning of the period                       $            5,114              $            0

       Acquisition of oil and gas leases                                                                                                           8,644

       Revisions to previous estimates                                                                                                           (3,860)

       Dispositions                                                                                                                                             -

       Accretion expense                                                                                                123                              330

Asset retirement obligation at the end of the period                                   $           5,237              $           5,114