The transaction has not closed. That information is clear as day in the filings. That leaves an out, which has been a concern. It has, all along, been in their best interest to ensure it gets completed, and it now appears everything is ready to be finalized.
Latest 10Q:
"On May 16, 2013, the Company announced the acquisition of Cirque Energy II, LLC. The Members of the Cirque Energy II, LLC will receive 43,359,487 shares of the Company’s common stock at closing and another 43,359,487 shares of common stock at such time as the stock price reaches $0.50 per share. As of the date of this Quarterly Report, the acquisition has not closed because the Company does not have enough authorized shares of common stock."