Please refer to the Plan of Operation below for th
Post# of 39368
Posted On: 09/18/2013 12:54:11 PM
Please refer to the Plan of Operation below for the description of five lease properties we have added during the second quarter of 2013.
During the second quarter of 2013, the Company issued 15,339,440 shares of stock, including 5,425,000 issued for services rendered; 3,253,012 issued to complete repayment for the debt reduction and 6,661,428 issued for cash payments.
The Company acquired 40 acres on the Mitchell lease from US Fuels in Texas and developed the lease in Q2 2013. The consideration provided by the Company is the drilling work they will perform for this farm-in acquisition.
On August 19, 2013 the Company's board of directors unanimously approved the increase of its authorized number of shares of common stock from 1,250,000,000 to 1,950,000,000.
On September 13, 3013, Lee C. Schlesinger resigned from his position as Executive Vice President, Chief Investment Officer and member of the Board of Directors. On September 16, 2013, George Warren, Jr., submitted his resignation as Chief Financial Officer and member of the Board of Directors. As of the date of this report, the vacancies have not been filled.
During the second quarter of 2013, the Company issued 15,339,440 shares of stock, including 5,425,000 issued for services rendered; 3,253,012 issued to complete repayment for the debt reduction and 6,661,428 issued for cash payments.
The Company acquired 40 acres on the Mitchell lease from US Fuels in Texas and developed the lease in Q2 2013. The consideration provided by the Company is the drilling work they will perform for this farm-in acquisition.
On August 19, 2013 the Company's board of directors unanimously approved the increase of its authorized number of shares of common stock from 1,250,000,000 to 1,950,000,000.
On September 13, 3013, Lee C. Schlesinger resigned from his position as Executive Vice President, Chief Investment Officer and member of the Board of Directors. On September 16, 2013, George Warren, Jr., submitted his resignation as Chief Financial Officer and member of the Board of Directors. As of the date of this report, the vacancies have not been filled.
(0)
(0)