2.4.0.80009 - Disclosure - Asset retirement obligationstruefalsefalse1false falsefalseFrom2013-01-01to2013-06-30http://www.sec.gov/CIK0001373485duration2013-01-01T00:00:002013-06-30T00:00:001true 1XBOR_AssetRetirementObligationsAbstractXBOR_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0AssetRetirementObligationsAbstract2false 2us-gaap_AssetRetirementObligationDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: center"><div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: bold 10pt Times New Roman">4 – Asset retirement obligations</font></div> <div style="text-indent: 0pt; display: block"><br /> </div> <div style="text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt; text-align: left"><font style="display: inline; font: 10pt Times New Roman">The following is a description of the changes to the Company’s asset retirement obligations for the periods ended June 30, 2013 and December 31, 2012:</font></div> <div style="text-indent: 0pt; display: block"><br /> </div> <div> <table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt times new roman; font-size: 10pt; font-family: times new roman"> <tr> <td style="text-align: left; vertical-align: bottom; width: 54%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td colspan="2" style="vertical-align: bottom; width: 12%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 1.8pt; text-align: center"><font style="display: inline; font: 10pt times new roman">June 30,</font></div> </td> <td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td colspan="2" style="vertical-align: bottom; width: 13%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 1.8pt; text-align: center"><font style="display: inline; font: 10pt times new roman">December 31,</font></div> </td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> </tr><tr> <td style="vertical-align: bottom; width: 54%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: justify"><font style="display: inline; font: 10pt times new roman">  </font></div> </td> <td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td colspan="2" style="vertical-align: bottom; width: 12%; border-bottom: black 2px solid"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 1.8pt; text-align: center"><font style="display: inline; font: 10pt times new roman">2013</font></div> </td> <td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td colspan="2" style="vertical-align: bottom; width: 13%; border-bottom: black 2px solid"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 1.8pt; text-align: center"><font style="display: inline; font: 10pt times new roman">2012</font></div> </td> <td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> </tr><tr> <td style="text-align: left; vertical-align: bottom; width: 54%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td colspan="2" style="text-align: left; vertical-align: bottom; width: 12%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td colspan="2" style="vertical-align: bottom; width: 13%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> </tr><tr style="background-color: #cceeff"> <td style="vertical-align: bottom; width: 54%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: justify"><font style="display: inline; font: 10pt times new roman">Asset retirement obligations at beginning of year</font></div> </td> <td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="vertical-align: top; width: 1%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: justify"><font style="display: inline; font: 10pt times new roman">$</font></div> </td> <td style="text-align: right; vertical-align: top; width: 11%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: right"><font style="display: inline; font: 10pt times new roman">3,317,358</font></div> </td> <td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="vertical-align: top; width: 2%; text-align: left"> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt"><font style="display: inline; font: 10pt times new roman">$</font></div> </td> <td style="text-align: right; vertical-align: top; width: 11%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: right"><font style="display: inline; font: 10pt times new roman">1,186,260</font></div> </td> <td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> </tr><tr style="background-color: white"> <td style="vertical-align: bottom; width: 54%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: justify"><font style="display: inline; font: 10pt times new roman">Disposal of assets</font></div> </td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="text-align: right; vertical-align: top; width: 11%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: right"><font style="display: inline; font: 10pt times new roman">—</font></div> </td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="text-align: right; vertical-align: top; width: 11%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: right"><font style="display: inline; font: 10pt times new roman">(88,650</font></div> </td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">)  </font></td> </tr><tr style="background-color: #cceeff"> <td style="vertical-align: bottom; width: 54%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: justify"><font style="display: inline; font: 10pt times new roman">Settlement of liabilities</font></div> </td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="text-align: right; vertical-align: top; width: 11%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: right"><font style="display: inline; font: 10pt times new roman">—</font></div> </td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="text-align: right; vertical-align: top; width: 11%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: right"><font style="display: inline; font: 10pt times new roman">(55,915</font></div> </td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">)  </font></td> </tr><tr style="background-color: white"> <td style="vertical-align: bottom; width: 54%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: justify"><font style="display: inline; font: 10pt times new roman">Revision of previous estimates</font></div> </td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="text-align: right; vertical-align: top; width: 11%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: right"><font style="display: inline; font: 10pt times new roman">—</font></div> </td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="text-align: right; vertical-align: top; width: 11%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: right"><font style="display: inline; font: 10pt times new roman">1,797,626</font></div> </td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> </tr><tr style="background-color: #cceeff"> <td style="vertical-align: bottom; width: 54%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: justify"><font style="display: inline; font: 10pt times new roman">Accretion expense</font></div> </td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="text-align: right; vertical-align: top; width: 11%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: right"><font style="display: inline; font: 10pt times new roman">71,702</font></div> </td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="text-align: right; vertical-align: top; width: 11%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: right"><font style="display: inline; font: 10pt times new roman">94,556</font></div> </td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> </tr><tr style="background-color: white"> <td style="vertical-align: bottom; width: 54%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: justify"><font style="display: inline; font: 10pt times new roman">Additions</font></div> </td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="text-align: right; vertical-align: top; width: 11%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: right"><font style="display: inline; font: 10pt times new roman">10,036</font></div> </td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="vertical-align: top; width: 2%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="text-align: right; vertical-align: top; width: 11%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: right"><font style="display: inline; font: 10pt times new roman">383,481</font></div> </td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> </tr><tr style="background-color: #cceeff"> <td style="vertical-align: bottom; width: 54%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: justify"><font style="display: inline; font: 10pt times new roman">Asset retirement obligations at end of period</font></div> </td> <td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="vertical-align: top; width: 1%; border-bottom: black 2px solid"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: justify"><font style="display: inline; font: 10pt times new roman">$</font></div> </td> <td style="text-align: right; vertical-align: top; width: 11%; border-bottom: black 2px solid"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: right"><font style="display: inline; font: 10pt times new roman">3,399,096</font></div> </td> <td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="vertical-align: top; width: 2%; border-bottom: black 2px solid; text-align: left"> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt"><font style="display: inline; font: 10pt times new roman">$</font></div> </td> <td style="text-align: right; vertical-align: top; width: 11%; border-bottom: black 2px solid"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: right"><font style="display: inline; font: 10pt times new roman">3,317,358</font></div> </td> <td style="text-align: left; vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> </tr><tr style="background-color: white"> <td style="vertical-align: bottom; width: 54%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: justify"><font style="display: inline; font: 10pt times new roman">Less: current portion</font></div> </td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="vertical-align: top; width: 1%; border-bottom: black 2px solid"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="text-align: right; vertical-align: top; width: 11%; border-bottom: black 2px solid"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: right"><font style="display: inline; font: 10pt times new roman">542,443</font></div> </td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="vertical-align: top; width: 2%; border-bottom: black 2px solid"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="text-align: right; vertical-align: top; width: 11%; border-bottom: black 2px solid"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: right"><font style="display: inline; font: 10pt times new roman">452,013</font></div> </td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> </tr><tr style="background-color: #cceeff"> <td style="vertical-align: bottom; width: 54%"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: justify"><font style="display: inline; font: 10pt times new roman">Long-term portion</font></div> </td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="vertical-align: top; width: 1%; border-bottom: black 4px double"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: justify"><font style="display: inline; font: 10pt times new roman">$</font></div> </td> <td style="text-align: right; vertical-align: top; width: 11%; border-bottom: black 4px double"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: right"><font style="display: inline; font: 10pt times new roman">2,856,653</font></div> </td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> <td style="vertical-align: top; width: 2%; border-bottom: black 4px double; text-align: left"> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt"><font style="display: inline; font: 10pt times new roman">$</font></div> </td> <td style="text-align: right; vertical-align: top; width: 11%; border-bottom: black 4px double"> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0.8pt; text-align: right"><font style="display: inline; font: 10pt times new roman">2,865,345</font></div> </td> <td style="vertical-align: top; width: 1%"><font style="display: inline; font: 10pt times new roman">  </font></td> </tr></table> </div> </div>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for an asset retirement obligation and the associated long-lived asset. An asset retirement obligation is a legal obligation associated with the disposal or retirement from service of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7535-110849 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 410 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6392692&loc=d3e7569-110849 false0Asset retirement obligationsfalseAsset retirement obligationsUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://xbres.com/role/AssetRetirementObligations12