a)

On December 5, 2016, the Company invested in a deposit for $23,595. The investment matures on November 22, 2017 and bears interest at a rate of 2.3% annually. The investment is to secure a letter to the US Environmental Protection Agency for $23,595 for one of the Company’s wells.

b)

On December 2, 2016, the Company invested in two deposits for $18,108 each. The term of the investments is 12 months, maturing on December 2, 2017 and bears interest at a rate of 0.25% annually. The investments are to secure two letters to the US Environmental Protection Agency for $18,000 each for two of the Company’s wells.

c)

On December 31, 2016, the Company’s subsidiary entered into a Note Amendment Agreement with Aton, a related party to the Company, to extend the maturity date of the note to December 31, 2017. The new principal of the note is $16,909,573 which includes accrued interest of $1,945,712.