Asset Retirement Obligations (Tables)

6 Months Ended

Jun. 30, 2013

Asset Retirement Obligation Disclosure [Abstract]

Schedule of Asset Retirement Obligations [Table Text Block]

There are no legally restricted assets for the settlement of asset retirement obligations.  A reconciliation of the Company's asset retirement obligations from the periods presented, are as follows:

Balance at December 31, 2012	$	1,327,861
Incurred during the period		0
Additions for new wells		0
Accretion expense		18,311
Balance at June 30, 2013	$	1,346,172