ADR sold out or transferred out and Worthington purchased or transferred in as per March 12, 2014 announcement the following:
obtained:
tangible property......
140 oil wells, 17 gas wells
on 3,527 acres
documented reserves: oil--1,163,618 bbls. of oil
gas--9.8 B cu. ft of gas
gave up:
50,000 in cash
35,000,000 common shares
obtained:
intangible property--patents, etc. for process developed by Mr.
Adams
gave up:
75,000 in cash
35,000,000 common shares
Now if this transaction is actually absolutely closed and being reported properly, Worthington and/or ADR has the above assets and Mr. Adams is the president and chief operating officer
Can't the well history and production history from these wells be tracked with the state of Kansas--if ADR Operating, Inc was the entity involved to report the production??
