BASIS OF PRESENTATION (Tables)

3 Months Ended

Mar. 31, 2013

	March 31, 2013

Composition of assets held for sale:
Oil and gas properties	$ 161,140
Transportation and field assets	3
Accounts receivable and other	4,117
Inventory	218

	$ 165,478

Composition of liabilities held for sale:
Accounts payable	$ (354)
Asset retirement obligation	(2,816)
Accrued liabilities	(5,176)
	$ (8,346)

- Definition

Tabular disclosure of long lived assets held for sale. Disclosure may include the description of the facts and circumstances leading to the expected disposal, manner and timing of disposal, the carrying value of the assets held for sale, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss).

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