Subsequent Events

12 Months Ended

Dec. 31, 2016

Subsequent Events

Subsequent Events

11. Subsequent Events

The following are the subsequent events:

On September 11, 2017, we entered into an Offer to Purchase Letter  with Marc VenJohn (the "Offer Letter") for a 25% working interest in two of the Company's oil and gas assets located in Clark County, Kansas for total consideration of $150,000 and an effective date of October 1, 2017. On November 15, 2017, the Company completed the sale under a purchase and sale agreement, with an effective date of October 1, 2017 (the "VenJohn PSA"), with Marc VenJohn.