| Starting asset | 8 sections (5,120 acres) Viking play in Compeer Central Alberta | Guess: Appr. $10M | | 32,000,000 shares outstanding
|
| Private Placements | Multiple dates | .25-.70 per share
Average price: $.32 | $1,932,500 | Add appr. 6,000,000 shares
$11.932M / 38M Est. Book Value $.314 per share |
| April 11, 2017 | 20 Sections (12,960 Acres) of Oil and Gas Leases in Northern Alberta
| 21 Million shares valued at $2.00 Per Share (+3 mil more) |
$44,000,000 | Add 24 Million shares
$44M/59M =’s
Book Value: $.95 |
| Apr 17, 2017 | 165,000 Acres of Oil and Gas Leases in the Moenkopi Formation, Utah | 20 Million Shares valued at $2.00 per share
Plus Cash: $2.4 Mil | $42,400,000 | Add 20 illion shares
$86.4M/79M =’s
Book Value: $1.24
|
| Apr 21, 2017 | Interest in 101,888 Acres of Oil and Gas Leases in the Mancos Formation, Utah | 20 Million shares valued at $2.00 per share
Plus Cash: $2.15 Mil | $42,150,000 | 100 Million shares
128M/100M =’s
Book Value: $1.41 |
| | | | | |