BASIS OF PRESENTATION	12 Months Ended
Dec. 31, 2013
BASIS OF PRESENTATION:
BASIS OF PRESENTATION	NOTE A – BUSINESS DESCRIPTION AND PRESENTATION The Company, through its wholly owned subsidiaries Mountaineer State Energy, Inc. and Mountaineer State Operations, LLC. operates oil and gas wells and mineral leases in Athens and Meigs Counties in Ohio and in Calhoun, Jackson and Roane Counties in West Virginia. As of December 31, 2013 the Company has 152 producing oil & gas wells, 31 non-producing wells and related equipment and mineral leases covering approximately 20,000 acres. The company has drilled 8 wells during 2011 and one well in 2013 which will be completed in 2014. The balance of the wells in West Virginia and Ohio were, for the most part, drilled in the 1970’s and 1980’s. The Company engaged the firm of independent oil and gas engineers Lee Keeling & Associates, Inc. to estimate the net oil and gas reserves. On the basis of their study, the estimates of future net revenues using a present value discount of 10% were estimated to be $11.3 million at December 31, 2013. NCE also leases and operates a retirement community in King City Oregon, with a capacity of 114 residents.

BASIS OF PRESENTATION

12 Months Ended

Dec. 31, 2013

NOTE A – BUSINESS DESCRIPTION AND PRESENTATION

The Company, through its wholly owned subsidiaries Mountaineer State Energy, Inc. and Mountaineer State Operations, LLC. operates oil and gas wells and mineral leases in Athens and Meigs Counties in Ohio and in Calhoun, Jackson and Roane Counties in West Virginia. As of December 31, 2013 the Company has 152 producing oil & gas wells, 31 non-producing wells and related equipment and mineral leases covering approximately 20,000 acres.

The company has drilled 8 wells during 2011 and one well in 2013 which will be completed in 2014. The balance of the wells in West Virginia and Ohio were, for the most part, drilled in the 1970’s and 1980’s.

The Company engaged the firm of independent oil and gas engineers Lee Keeling & Associates, Inc. to estimate the net oil and gas reserves. On the basis of their study, the estimates of future net revenues using a present value discount of 10% were estimated to be $11.3 million at December 31, 2013.

NCE also leases and operates a retirement community in King City Oregon, with a capacity of 114 residents.