General form of registration statement for all companies including face-amount certificate companies

Acquisition Fisher I and II Property (DETAILS)

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Acquisition Fisher I and II Property (DETAILS) (USD $)
Dec. 01, 2012
May 23, 2011
ACQUITION Fisher I and II Property    
Percentage of property acquired by Fisher I Property of the working interest (75% of the revenue interest) 100.00% 100.00%
Percentage of four producing leases of working interest(74.7% of revenue interest)   99.60%
Areas of under developed acres   640
Area of under developed acres of working interest (69.0 % of revenue interest)   92.0
Total consideration Fisher Property $ 1,747,760 $ 2,296,228
Cash consideration 150,000 2,183,306
Shares transferred 80,000 20,000
Common stock par value $ 4.00 $ 2.00
Common sto ck value at 320,000 40,000
Tthe issuance of a put options relating to the Ring shares valued at 277,760 72,922
Common stock price per share   $ 5.00
Risk free interest rate in percentage 11.00% 11.00%
Dividend yield in percentage 0.00% 0.00%
Expected life in years 1.0 0.5
volatility rate in percentage 19800.00% 20700.00%
Stanford incurred of acquisition-related costs 6,898 30,673
Proved developed and undeveloped oil and gas properties 1,915,152 2,358,483
Asset retirement obligation (167,392) (62,255)
Total Identifiable Net Assets $ 1,747,760 $ 2,296,228