18. Asset Retirement Obligations (Tables)

12 Months Ended

Dec. 31, 2012

Asset Retirement Obligation Disclosure [Abstract]

Asset retirement obligations

Oil and Gas Properties and Pipelines and Facilities Assets

We have AROs associated with the future abandonment, dismantlement and removal of our oil and gas properties, as well as our pipelines and facilities assets, as follows:

	December 31,			December 31,
	2012			2011
Fair value of asset retirement obligations at February 15, 2012	$	1,294,139		$	-
Liabilities incurred		-			-
Liabilities extinguished		(361,680	)		-
Liabilities settled		(141,099	)		-
Accretion expense from continuing operations		105,032			-
Accretion from discontinued operations		24,868			-
Asset retirement obligations as of December 31, 2012		921,260			-
Less: current portion of asset retirement obligations		-			-
Asset retirement obligations, long-term balance
at December 31, 2012	$	921,260		$	-