ESCROW RECEIVABLE

3 Months Ended

Mar. 31, 2015

NOTE 2 – ESCROW RECEIVABLE

At March 31, 2015 and December 31, 2014, the Company’s balance sheets reflected the following current escrow receivables relating to various oil and gas properties previously held by the Company:

	March 31, 2015		December 31, 2014

Tambaqui Escrow	$	4,331	$	4,331
HDC LLC & HL LLC 15% Escrow		294,383		294,383
HDC LLC & HL LLC 5% Contingency		11,256		11,256
HC LLC 5% Contingency		11,458		11,458
TOTAL	$	321,428	$	321,428

The principal escrow receivables relate to the sale of Hupecol Cuerva LLC (“HC LLC”) and the 2010 sale of HDC LLC and Hupecol Llanos LLC (“HL LLC”).