Quarterly report pursuant to Section 13 or 15(d)

Other Assets

 v2.3.0.11
Other Assets
 6 Months Ended
Jun. 30, 2011
Other Assets  
Other Assets
5.   OTHER ASSETS

Other assets consist of the following as of June 30, 2011 and December 31, 2010:

 

     June 30, 2011      December 31, 2010  

Plugging and abandonment escrow account on the WCBB properties (Note 13)

    $ 3,121,000       $ 3,129,000   

Certificates of deposit securing letter of credit

      275,000         275,000   

Prepaid drilling costs

      45,000         7,000   

Loan commitment fees

      1,487,000         767,000   

Deposits

      4,000         4,000   
  

 

 

     

 

 

  
   $         4,932,000       $ 4,182,000