Quarterly report pursuant to Section 13 or 15(d)

Other Assets

v2.4.0.6
Other Assets
6 Months Ended
Jun. 30, 2012
Other Assets, Noncurrent Disclosure [Abstract]  
Other Assets
OTHER ASSETS

Other assets consist of the following as of June 30, 2012 and December 31, 2011:
 
 
June 30, 2012
 
December 31, 2011
Plugging and abandonment escrow account on the WCBB properties (Note 10)
$
3,113,000

 
$
3,121,000

Certificates of deposit securing letter of credit
275,000

 
275,000

Prepaid drilling costs
644,000

 
228,000

Loan commitment fees, net
1,740,000

 
1,495,000

Deposits
4,000

 
4,000

 
$
5,776,000

 
$
5,123,000