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Accrued Liabilities
 12 Months Ended
Dec. 31, 2012
Accrued Liabilities  
Accrued Liabilities

7.                                      Accrued Liabilities

 

Accrued liabilities consist of the following:

 

 

 

December 31,

 

 

 

2012

 

2011

 

Capital drilling and operating costs

 

$

4,317,352

 

$

12,708,058

 

Accrued compensation

 

1,800,000

 

2,800,000

 

Interest and loan fees

 

129,614

 

82,604

 

Other

 

433,877

 

540,662

 

Total

 

$

6,680,843

 

$

16,131,324