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Exploration Costs
6 Months Ended
Mar. 31, 2012
Exploration Costs [Abstract]  
Exploration Costs

NOTE 11: Exploration Costs

In the quarter and six month period ended March 31, 2012, lease expirations and leasehold impairments of ($12,456) and $299,361, respectively, 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 and six month period ended March 31, 2012, the Company also incurred costs of $54,144 and $55,697, respectively, related to exploratory dry holes. In the quarter and six month period ended March 31, 2011, lease expirations and impairments of $77,246 and $150,331, respectively, were charged to exploration costs as well as costs of $213,106 and $427,127, respectively, related to exploratory dry holes.