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4. LE Acquisition (Details) (USD $)
Dec. 31, 2012
Dec. 31, 2011
Feb. 14, 2012
As Reported
Feb. 14, 2012
Adjustments
Feb. 14, 2012
Revised Purchase Price Allocation
Current assets     $ 2,466,901    $ 2,466,901
Oil and gas properties     1,503,596 3,639,279 5,142,875
Pipelines     4,466,273 4,757,563 9,223,836
Onshore separation and handling facilities     325,435    325,435
Land     473,225    473,225
Other property and equipment     282,972    282,972
Other long term assets     9,463    9,463
Trade name     184,368 118,978 303,346
Goodwill     8,667,401 (7,221,681) 1,445,720
Total assets acquired     18,379,634 1,294,139 19,673,773
Current liabilities     333,480    333,480
Asset retirement obligations 921,260       1,294,139 1,294,139
Total liabilities assumed     333,480 1,294,139 1,627,619
Net assets acquired     $ 18,046,154    $ 18,046,154