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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Notes to Financial Statements
Beginning Balance	$ 990,074	$ 848,631
Liabilities incurred	126,551	116,487
Liabilities settled (wells sold or plugged)	(4,116)	(4,569)
Accretion expense	29,761	26,010
Revision to estimate	19,808	3,515
Ending balance	$ 1,162,078	$ 990,074

The carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible long-lived asset that results from the acquisition, construction or development, or the normal operations of a long-lived asset, except for certain obligations of lessees.

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- Definition

Amount of accretion expense recognized during the period that is associated with an asset retirement obligation. Accretion expense measures and incorporates changes due to the passage of time into the carrying amount of the liability.

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