ASSET RETIREMENT OBLIGATIONS

6 Months Ended

Jun. 30, 2021

ASSET RETIREMENT OBLIGATIONS

NOTE 7 - ASSET RETIREMENT OBLIGATIONS

NOTE 7 – ASSET RETIREMENT OBLIGATIONS

The following table presents the reconciliation of the beginning and ending aggregate carrying amounts of long-term legal obligations associated with the future retirement of oil and natural gas properties for the six months ended June 30, 2021 and the nine months ended December 31, 2020.

	June 30, 2021		December 31, 2020
Carrying amount at beginning of period	$	46,748	$	71,150
Acquisition of Viking		-		-
Accretion		5,187		5,825
Dispositions				(30,227	)
Revisions of previous estimates				5,825
Carrying amount at end of period	$	51,935	$	46,748