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Business Segments (Tables)

12 Months Ended

Dec. 31, 2012

Summary of operations in different segments


	For the		Exploration
	Year Ended		and			Pipeline
	December 31,		Production			Transmission		Corporate			Total
Revenue		2012	$	11,356,626		$	323,395	$	75.400		$	11,755,421
		2011	$	14,293,883		$	360,358	$	66,992		$	14,721,233
Income (Loss) from operations		2012		(9,065,844	)		172,146		(5,840,252	)		(14,733,950	)
		2011		16,025,801			351,020		(5,606,855	)		10,769,966
Interest expense		2012		5,738,803								5,738,803
		2011		1,679,276			—		—			1,679,276
Depreciation, depletion, amortization and accretion		2012		3,778,242			321					3,778,563
		2011		5,556,435			9,244		—			5,565,679
Property and equipment acquisitions, including oil and gas properties		2012		24,309,374								24,309,374
		2011		13,817,963			—		—			13,817,963
Total assets, net of intercompany accounts:
December 31, 2012				62,408,692			29,769					62,438,461
December 31, 2011				57,994,415			231,202		—			58,255,817

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details