ASSET RETIREMENT OBLIGATIONS (Tables)

9 Months Ended

Sep. 30, 2014

ASSET RETIREMENT OBLIGATIONS

Schedule of change in the balance of the asset retirement obligation

	September 30,			December 31,
	2014			2013
Balance, beginning of period	$	3,833,608		$	4,498,057
Changes in cash flow estimates	32,997			584,025
Costs incurred	(131,562		)	(1,638,214		)
Accretion expense	307,612			389,740
Balance, end of period	4,042,655			3,833,608
Less: Current portion	(203,553		)	—
Non-current Portion	$	3,839,102		$	3,833,608