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OIL AND GAS PROPERTIES (Tables)

6 Months Ended

Jun. 30, 2013

Schedule of composition of impairment expenses

	Three months ended				Six months ended
	June 30,				June 30,
	2013		2012		2013		2012
Impairments of unproved properties	827,677		806,067		1,645,415		1,482,541
	$	827,677	$	806,067	$	1,645,415	$	1,482,541

- Definition

Tabular disclosure for impairment of long-lived assets held and used by an entity which includes a description of the impaired long-lived asset and facts and circumstances leading to the impairment, aggregate amount of the impairment loss and where the loss is located in the income statement, method(s) for determining fair value, and the segment in which the impaired long-lived asset is reported.

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