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

3 Months Ended

Dec. 31, 2012

Capitalized Costs, Oil and Gas Producing Activities, Gross [Abstract]

Capitalized Costs Relating to Oil And Gas

The following table illustrates capitalized costs relating to oil and gas – producing activities for two periods ended December 31, 2012 and September 30, 2012:

	December 31, 2012			September 30, 2012
Unproved Oil and Gas Properties	$	15,912,244		$	13,222,551
Proved Oil and Gas Properties		–			–
Accumulated Depreciation		(34,843	)		(32,033	)
Net Capitalized Cost	$	15,877,401		$	13,190,518