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Thursday, January 03, 2013 4:04:50 PM
Leases
The Company is in the process of purchasing, on a pro rata basis, joint venture interests in certain oil and gas
exploration and development projects. Payments for said purchases are made on a participatory basis and are
recorded at cost as made. Proceeds from these interests will be applied first to reimburse these investments with any unreimbursed investment amounts, if any, to be expensed at the conclusion of the respective term of each operation.
When read, are recorded at cost as made.this could be where original costs are recorded.
When anyone starts a brand new company going from private to public the original investors could have bought 10,000,000 shares at .0001 not saying they did, but they could have, a $1,000 investment.
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