Capitalization of Costs Incurred in Oil and Gas Activities (Tables)

9 Months Ended

Jun. 30, 2012

Capitalized Costs Relating to Oil And Gas

The following table illustrates capitalized costs relating to oil and gas – producing activities for two periods ended June 30, 2012 and September 30, 2011:

	June 30, 2012			September 30, 2011
Unproved Oil and Gas Properties	$	13,220,661		$	13,165,546
Proved Oil and Gas Properties		–			–
Accumulated Depreciation		(30,744	)		(24,595	)
Net Capitalized Cost	$	13,189,917		$	13,140,951