Asset Retirement Obligations (Tables)

6 Months Ended

Jun. 30, 2012

Asset Retirement Obligation Disclosure [Abstract]

Schedule of Asset Retirement Obligations [Table Text Block]

A reconciliation of the Company''s asset retirement obligations from the periods presented, are as follows:

Balance at December 31, 2011	$	1,278,889
Incurred during the period		0
Additions for new wells		8,096
Accretion expense		18,817
Balance at June 30, 2012	$	1,305,802