Asset Retirement Obligations

3 Months Ended

Sep. 30, 2011

Asset Retirement Obligation Disclosure [Abstract]

Asset Retirement Obligation Disclosure Text Block

Note13 Asset Retirement Obligations

A reconciliation of the Company's asset retirement obligations for the three months endedSeptember 30, 2011 was as follows:

Balance at June 30, 2011	$	11,397,410
Liabilities acquired		74,542
Liabilities settled		―
Accretion expense		157,614
Revisions to estimate		―
Sale of assets		―
Reclassification to Liabilities related to assets held for sale (Note 6)		(6,223,114)
Exchange effect		(689,222)
Balance at September 30, 2011	$	4,717,230