Tabular disclosure of acquisition and development costs (Tables)

12 Months Ended

Dec. 31, 2013

Costs Incurred in Oil and Gas Producing Activies (Tables)

Capitalized Costs Relating to Oil and Gas Producing Activities Disclosure

Capitalized Costs Relating to Oil and Natural Gas Producing Activities
	As of		As of
	December 31,		December 31,
	2013		2012
Proved oil and natural gas properties	$	58,040,724	$	23,051,904
Office equipment		257,911		175,106
Total capitalized costs		58,298,635		23,227,010
Accumulated depletion, depreciation and amortization		(2,880,253)		(596,162)
Net Capitalized Costs	$	55,418,382	$	22,630,848

Schedule of Projects with Exploratory Well Costs Capitalized for More than One Year

Net Costs Incurred in Oil and Gas Producing Activities
	For the Year Ended		For the Year Ended
	December 31,		December 31,
	2013		2012
Acquisition of proved properties	$	5,192,441	$	9,873,128
Development costs		29,796,379		6,581,343
Total Net Costs Incurred	$	34,988,820	$	16,454,471