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Re: fly_fisherman post# 15361

Tuesday, 07/29/2014 5:11:47 PM

Tuesday, July 29, 2014 5:11:47 PM

Post# of 17809
2017, lol... Currently doesn't specify a year for the relisting, but I think it's pretty clear that filing was to be done June 2014 and were hopeful for relisting by the same Summers end. But which June and which Summers end could be viewed as conjecture... JMHO

To re-register our stock with the Commission, we have to pay for audits of our financial statements. We were not able immediately to raise the required amount. Fortunately, the opportunity to participate in the four horizontal wells Devon drilled in 2013 in Spacing Units in which we owned leases enabled us to raise the funds to participate in these successful wells. Devon should soon commence paying us our share of the proceeds from sales of the production from these wells.

We expect to pay our auditors and prepare and file the necessary registration form with the Commission by June.

After clearance by the staff of the Commission and then FINRA, we hope to have our Common Stock trading again in the stock markets by Summer's end.

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