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Re: midtieroil post# 307714

Tuesday, 07/28/2015 2:20:42 PM

Tuesday, July 28, 2015 2:20:42 PM

Post# of 360602
ERHE-evidence is evidence & it's a good one (to me I mean)
do you wanna me to put the % on increase / decrease ?
March 31,2015 September 30,2014
ASSETS
Current assets:
Cash and cash equivalents $1,496,658 $2,182,406
Investment in Oando Energy Resources 430,656 671,402
(decrease in shares value)
Deferred debt origination cost – short term 141,905 147,079
Prepaid expenses and other 248,306 246,922
Oil and gas concession fees 6,052,528 6,006,235
Furniture and equipment, 170,178 206,273
Deferred debt origination cost – LT 26,373 43,755
Income tax receivable 2,018,533 2,018,533
Prepaid expenses – long term 57,000 172,433
----------------- ------------
Total assets $10,642,137 $11,695,038


LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable and accrued liabilities $95,827 $379,639
Convertible note payable,
net of discount – short term 473,979 625,533
Derivative liability – short term 589,595 751,404
Convertible note payable, net of discount –
long term 35,554 38,076
Derivative liability – long term 125,710 270,538
------------- ------------
Total liabilities 1,320,665 2,065,190