COSTS INCURRED IN OIL AND GAS PROPERTY ACQUISITION, EXPLORATION, AND DEVELOPMENT ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements

Schedule of Oil and Gas Operations

	Year Ended December 31,
	2012		2011
Acquisition of Properties:
Unproved	$	227,050	$	476,658
Proved		—		—
Exploration Costs		2,713,181		2,953,503
Development Costs		4,484,572		3,705,081
Asset Retirement Obligation		146,359		120,002