ASSET RETIREMENT OBLIGATIONS

9 Months Ended

Sep. 30, 2011

NOTE 7 – ASSET RETIREMENT OBLIGATIONS

Changes in our asset retirement obligations for the periods indicated are presented in the following table:

Liability for asset retirement obligation as of December 31, 2010	$	18,288
Accretion expense		865
Liabilities settled		(163	)
Liability for asset retirement obligation as of September 30, 2011	$	18,990

Current portion of asset retirement obligations	$	1,686
Non-current portion of asset retirement obligations		17,304
Liability for asset retirement obligation as of September 30, 2011	$	18,990