Asset Retirement Obligations (Tables)

3 Months Ended

Mar. 31, 2014

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, 2013	$	1,305,862
Incurred during the period		0
Additions for new wells		0
Accretion expense		9,417
Balance at March 31, 2014	$	1,315,279