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STANDARDIZED MEASUREOF FUTURE NET CASHFLOWS (Tables)
 12 Months Ended
Dec. 31, 2012
STANDARDIZED MEASUREOF FUTURE NET CASHFLOWS (Tables)  
STANDARDIZED MEASUREOF FUTURE NET CASHFLOWS (Tables)

The following table reflects the standardized measure of future net cash flows related to our proved reserves.

 

 

 

2012

 

 

2011

 

 

 

 

 

 

 

 

Future oil and gas cash inflows

 

$

23,109

 

 

$

23,395

 

Future oil and gas operating expenses

 

 

(2,829

)

 

 

(5,036

)

Future development costs

 

 

(3,382

)

 

 

(2,343

)

Future tax expense

 

 

(466

)

 

 

(370

)

Future net cash flows

 

 

16,432

 

 

 

15,404

 

10% discount to reflect timing of cash flows

 

 

15,708

 

 

 

(4,505

)

 

 

 

 

 

 

 

 

 

Standardized measure of discounted future net cash flows

 

$

10,724

 

 

$

12,418