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SUPPLEMENTARY FINANCIAL INFORMATION ON OIL AND NATURAL GAS (Tables)

12 Months Ended

Dec. 31, 2012

	2012
	Gas			Oil
	(MMCF)			(MBBLS)
Proved developed and undeveloped reserves -
January 1, 2012		2,551			103
Purchase of oil and natural gas properties in place		0			0
Discoveries and exclusions		809			22
Revisions		(324	)		(14	)
Sales of oil and gas properties in place		0			0
Production		(187	)		(8	)
December 31, 2012		2,849			103

Proved developed at beginning of year		1,105			56

Proved developed reserves at end of year		593			35


		2,011
	Gas			Oil
		(MMCF)			(MBBLS)
Proved developed and undeveloped reserves -
January 1, 2011		6,954			72
Purchase of oil and natural gas properties in place		0			0
Discoveries and exclusions		0			37
Revisions		(4,227	)		0
Sales of oil and gas properties in place		0			0
Production		(176	)		(6	)
December 31, 2011		2,551			103

Proved developed at beginning of year		1,899			14

Proved developed reserves at end of year		1,105			57

The following table presents the changes in our total proved undeveloped reserves.

	Gas		Oil
	(MMCF)		(MBBLS)
Proved undeveloped reserves as of December 31, 2010		5,055	57
Conversion to proved developed reserves		-	42
Revaluation of undeveloped reserves		(3,608)	(52)

Proved undeveloped reserves as of December 31, 2011		1,447	47

Conversion to proved developed reserves		-	-
Revaluation of undeveloped reserves		809	21

Proved undeveloped reserves as of December 31, 2012		2,256	68

The following table reflects the capitalized costs relating to oil and gas producing activities.

	2012			2011
Property acquisition costs:
Proved properties	$	11,141		$	12,862
Unproved properties		-			-
Accumulated depreciation, depletion and amortization
and valuation allowance		(1,424)	)		(1,721	)

Net capitalized costs	$	9,717		$	11,141

The following table reflects the costs incurred in oil and gas property acquisition, exploration and development activities.