Assets and Liabilities Held For Sale

3 Months Ended

Mar. 31, 2015

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Assets and Liabilities Held For Sale

NOTE 5 — ASSETS AND LIABILITIES HELD FOR SALE

Assets held for sale relate to the Wetzel county properties located in West Virginia including 5,159 net acres held by the Company and the Company’s interest in twelve Marcellus producing wellbores which the Company has contracted to sell to TH Exploration, LLC, a Texas limited liability company. Total assets held for sale as of March 31, 2015 and December 31, 2014 were $14,720,207 and $14,301,375 respectively. See Note 15 Subsequent Events