AMERICAN EAGLE ENERGY Corp | 2013 | FY | 3


10.
Asset Retirement Obligations
 
During the years ended December 31, 2013 and 2012, the Company recorded initial, estimated asset retirement obligations totaling approximately $569,000 and $403,000, respectively, in connection with wells that were drilled and completed during the period. The asset retirement obligations represent the discounted future plugging and abandonment costs for operated and non-operated wells located within its Spyglass Area and Hardy Property. As of December 31, 2013 and 2012, the consolidated discounted value of the Company’s asset retirement obligations was approximately $1.1 million and $442,000, respectively. The projected plugging dates for wells in which the Company owns a working interest ranges from December 31, 2015 to December 31, 2032.

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