OIL AND GAS PROPERTIES

3 Months Ended

Mar. 31, 2015

NOTE 3 – OIL AND GAS PROPERTIES

During the three months ended March 31, 2015, the Company invested $24,847 for the development of oil and gas properties, consisting of (1) preparation and evaluation costs in Colombia of $3,749, and (2) costs on U.S. properties of $21,098. Of the amount invested, the Company capitalized $21,098 to oil and gas properties subject to amortization, and $3,749 to oil and gas properties not subject to amortization, attributable to preparation and evaluation cost in Colombia of $3,749 and drilling cost in the U.S. of $21,098.

Geographical Information

The Company currently has operations in two geographical areas, the United States and Colombia. Revenues for the three months ended March 31, 2015 and long lived assets (net of depletion, amortization, and impairments) as of March 31, 2015 attributable to each geographical area are presented below:

	Three Months Ended March 31, 2015			As of March 31, 2015
	Revenues			Long Lived Assets, Net
United States		$	101,971		$	2,678,163
Colombia			—			2,037,757
Total		$	101,971		$	4,715,920