Rock Energy Resources, Inc. (fka RCKE)

[bama52]

Lam is this what your looking for about the 49%?
Red Arrow Mine – The Red Arrow Mine is operated by RAGC. We advance funds to RAGC which are used to acquire fixed assets or for operating costs of the mine. In accordance with our agreement with RAGC, we are currently paying 100% of the expenses and fixed asset costs of the Red Arrow Mine. As a result, we will receive 100% of future revenue until payout, when we will have been repaid for the additional (51%) costs incurred above our 49% share. We account for our share of these expenditures and fixed assets in our consolidated financial statements in accordance with ASC 910-10-45-14 Proportionate Consolidation . Advances to RAGC which remain unused at the end of the period are included in prepaid mining costs and included in noncurrent assets since we do not expect to realize these assets in the short term.