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Exploration Costs
3 Months Ended
Dec. 31, 2013
Exploration Costs [Abstract]  
Exploration Costs

NOTE 10: Exploration Costs

 

In the quarter ended December 31, 2013,  lease expirations and leasehold impairments of $24,148 were charged to exploration costs. Leasehold impairments are recorded for individually insignificant non-producing leases which the Company believes will not be transferred to proved properties over the remaining lives of the leases. In the quarter ended December 31, 2013, the Company also had an additional $14,607 related to geological and geophysical costs. In the quarter ended December 31, 2012,  lease expirations and impairments of $13,222 were charged to exploration costs as well as additional costs of $6,545 related to exploratory dry holes.