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3a. ASSET RETIREMENT OBLIGATION

12 Months Ended

Sep. 30, 2011

Asset Retirement Obligation Disclosure [Abstract]

The following table shows the change in the Company's ARO for 2011. The Company had no ARO during the period July 19, 2010 (inception) through September 30, 2010 as it had no wells in service.

Asset retirement obligations at beginning of period	$	—
Obligations assumed in acquisition		15,216
Additional retirement obligations incurred		6,153
Accretion expense		3,260

Asset retirement obligations at end of period	$	24,629

- Definition

The 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.

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