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Operations
12 Months Ended
Dec. 31, 2014
Text Block [Abstract]  
Operations

NOTE 2—OPERATIONS

We have incurred net losses for the years ended December 31, 2014 and 2013 of $(12,540,261) and $(17,735,351), respectively. Although our current and prior year-to-date revenues were not sufficient to cover our operating costs and interest expense, we are focusing on drilling Marcellus Shale wells which based upon projections, are expected to increase our cash flow. If our cash flows from operations are not sufficient to meet liquidity requirements, we may need to sell assets, obtain additional financing or issue equity.

Our net losses and cash flows used in operating and investing activities during the years ended December 31, 2014 and 2013 were primarily funded using net proceeds from notes payable to Chambers and Morgan Stanley (see Note 10), in addition to proceeds from the sale of certain oil and gas properties (see Note 7).