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A cesspool is pristine quality drinking water compared to what Toxic Charlie has done to WGAS.
$6M debt is fragged. Permanently. There needs to be write-downs of 90%+ of the principal and 100% of accrued interest by bondholders collectively otherwise they see absolutely nothing. Ever again.
Short story: write down 90% of principal and 100% interest, or write-off 100% principal and 100% interest.
Reality: The auditors have spoken:
"...Item 4.02 - Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.
On March 17, 2015, Weinberg & Company, P.A. (“Weinberg”) notified the Company and its Board of Directors that they have withdrawn their audit reports included in the Company’s Annual Reports on Form 10-K for the years ended December 31, 2013 and 2012 (the “Form 10-K’s”), and that disclosure should be made to prevent future reliance on Weinberg’s audit reports in the Form 10-K’s. In addition, Weinberg notified the Company that on March 5, 2015, the Company filed its Form 10-Q for the quarterly period ended September 30, 2014 and its Form 10-Q for the quarterly period ended June 30, 2014 prior to the completion of Weinberg’s review procedures and without Weinberg’s knowledge. The Company and its Board of Directors have determined that the financial statements included in the Company’s Annual Report on Form 10-K’s for the years ended December 31, 2013 and 2012, and the Quarterly Reports on Form 10-Q for the periods ended June 30, 2014 and September 30, 2014, should no longer be relied upon...."
http://ih.advfn.com/p.php?pid=nmona&article=65934857
Except volk. 
WGAS: -is all tapped out! This would call for yet another R/S so that the current PPS at 0.0001 can be moved up to 0.01 to make room for diluting back down to 0.0001
This is how these pinks get their "Pink" water squeezed from their "Pink" stones!
(wink!)
Right now everyone has $0 
So everyone can collectively figure out if they want to work together, take a haircut and create more than $0, or stay as is.
Choices are very simple: haircut, put a real operating company in, and have a percentage of something; or no haircut and have 100% of nothing.
And if WGAS management and the debtholders go to a decent mediator: s/he will tell them exactly the same.
Other than that watch to see what develops.
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Management:
Charles F. Volk, Jr: 775 450 1515
Chairman & CEO
Mr. Volk brings over twenty-seven years of professional experience running public companies in various industries including oil and gas. In addition to his current responsibilities for Worthington Energy, Mr. Volk has been the Chairman of Bermuda Segregated Funds, Ltd., an open-end mutual fund with offices in Bermuda, since 2007. Prior to that, Mr. Volk was the Chairman & President of Osage Energy Corporation. Mr. Volk was also a co-founder of an operating copper company, Mercator Minerals Ltd., a component of the TSX Mining Index. In 1981, Mr. Volk earned a BS degree in Business Administration from Menlo School of Business Administration in Menlo Park, CA.
Charlie Adams: 620 205 6500
President & COO
Board of Directors:
Charles F. Volk, Jr.
Chairman
Charles F. Volk, Jr. has been our Chief Executive Officer, Chairman of the Board of Directors since March 2010. Mr. Volk has been the Chairman of Bermuda Segregated Funds, Ltd. an open end Mutual Fund in Bermuda since March 2008. Mr. Volk has also served as the Chairman and President of Osage Energy Corporation from 2004 to 2007, as the Managing Director of Cyril Petrochemical Corporation, as the Managing Director of Norman Capital, Inc. from 1992 to 1997, as a business development consultant to Asset Growth Partners, Inc. from 1991 to 1992, as President of Gold Circle Mines, Inc. from 1983 to 1991, and as General Partner of Oil & Gas Partnerships from 1981 to 1993. In addition, Mr. Volk participated in the management and marketing of Esilux Corporation, an international marketer and distributor of specialized industrial safety systems. Mr. Volk received his B.S. degree in Business Administration from the Menlo School of Business Administration in Menlo Park, CA in 1981.
Warren Rothouse
Warren Rothouse has been a Director since October 2012. Since February 2003, Mr. Rothouse has been Managing Director of Surety Financial Group. From 1997 to 2003, Mr. Rothouse was owner of Country Stove & Chimney Shoppe. From 1989 to 1997 Mr. Rothouse was a Sales Manager at Thulman Eastern Corporation, a sub-contractor to the building industry. From 1986 to 1989 Mr. Rothouse was a Sales Representative at Thulman Eastern Corporation. Mr. Rothouse attended Towson State University.
David E. T. Pinkman
David Pinkman has been a Director since January 2013. Mr. Pinkman is CFO and a director of Saccharum Energy Corp., a TSX Venture Exchange-listed junior oil and gas exploration company, and has held these positions since October, 2009. He is also currently a director of Red Rock Energy Inc., a TSX Venture Exchange-listed junior uranium exploration and oil and gas exploration company, and has held that position since April, 2005. Previously, he was CFO and a director of PanWestern Energy Inc., a listed junior oil and gas company, and served in those roles from November, 2001 to April, 2010. He was also President and a director of Explorator Resources Inc., a CPC company, and held those positions from September 2005 to January, 2007. Prior to that, he was Vice President and a director of Powermax Energy Inc., a TSXV-listed oil and gas issuer, from January 2002 until September, 2005. He was also a director of Renewable Power & Light Plc., an AIM-listed independent power production company, from June, 2006 to October, 2007. From January 2001 to November 2001, Mr. Pinkman was Vice President, International, of Maxim Power Corp. (formerly Jupiter Power International Inc.) (TSXV listed). He was executive Chairman and a director of Jupiter Power International Inc. prior thereto and from August 1993 until December 2000.
Mr. Pinkman was a partner at the law firm Pinkman, McArdle, Barristers and Solicitors from 1991 until December 2000. Called to the bar in 1985, as a lawyer he has practiced primarily in the areas of corporate and securities law. He has served on the boards of a number of public and private companies carrying on business in the resource and other industries. In addition, Mr. Pinkman has served on the boards of a variety of local volunteer organizations, and continues to serve as a director and Vice-President of Wild Rose Motocross Association, a non-profit association registered under the Societies Act (RSA 1980, as amended). Mr. Pinkman obtained a BA degree from the University of Calgary in 1980, and an LLB degree from the University of British Columbia in 1984.
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As of June 26, 2014 there are 2,532,318,855 shares of registrant's common stock outstanding,
Authorized shares = 6,490,000,000.
Investor Relations:
Surety Financial Group
642 Main St
Reisterstown, Maryland, 21346
Tel: 410-833-0078
Transfer Agent:
Nevada Agency & Transfer Company
50 W. Liberty Street # 880
Reno, NV 89501
Tel: (775)322-0626
Fax: (775)322-5623
Email: stocktransfer@natco.org
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