Schedule of information on Oil and Gas Industries (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of information on Oil and Gas Industries

Schedule of information on Oil and Gas Industries

The Company's net ownership interests in estimated quantities of proved oil and natural gas reserves and changes in net proved reserves, all of which are located in the continental United States, are summarized below:

	2015
	Gas                (MMCF)	Oil    (MBBLS)
Proved developed and undeveloped reserves -
January 1, 2015	2,866	139
Purchase of oil and natural gas properties in place	0	0
Discoveries and exclusions	0	0
Revisions	(94)	(69)
Sales of oil and gas properties in place	0	0
Production	(168)	(12)
December 31, 2015	2,604	58
Proved developed at  beginning of year	698	70
Proved developed reserves at end of year	504	59
	2014
	Gas  (MMCF)	Oil  (MBBLS)
Proved developed and undeveloped reserves -
January 1, 2014	2,887	173
Purchase of oil and natural gas properties in place	0	0
Discoveries and exclusions	0	0
Revisions	138	(24)
Sales of oil and gas properties in place	0	0
Production	(159)	(10)
December 31, 2014	2,866	139
Proved developed at  beginning of year	719	105
Proved developed reserves at end of year	698	70

	2015			2014
Oil and gas sales	$	820		$	1,489
Operating expenses		(1,183	)		(1,233	)
Depreciation, depletion and amortization		(617	)		(620	)
Impairment of oil & gas properties		(2,717	)		-
Results of operations	$	(3,697	)	$	(364	)

Schedule of Changes in Standardized Measure of Discounted Future Net Cash Flows

The following table reflects the standardized measure of future net cash flows related to our

proved reserves

	2015			2014
Future oil and gas cash inflows	$	14,326		$	25,595
Future oil & gas operating expenses		(2,554	)		(4,170	)
Future development costs		(1,982	)		(2,983	)
Future tax expense		(998	)		(1,666	)
Future net cash flows	$	8,792		$	16,776
10% discount to reflect timing of cash flows		(2,878	)		(5,998	)
	$	5,914		$	10,778

Schedule of Proved Developed and Undeveloped Oil and Gas Reserve Quantities

The following table presents the changes in our total proved undeveloped reserves.

	Gas	Oil
	(MMCF)	(MBBLS)
Proved undeveloped reserves as of December 31, 2013	2,168	68
Revaluation of undeveloped reserves	-	-
Conversion to proved developed reserves		-
Proved undeveloped reserves as of December 31, 2014	2,168	68
Conversion to proved developed reserves
Revaluation of undeveloped reserves	(68)	(68)
Proved undeveloped reserves as of December 31, 2015	2,100	0

Schedule of Capitalized Costs Relating to Oil and Gas Producing Activities

The following table reflects the capitalized costs relating to oil and gas producing activities.

	2015			2014
Property acquisition costs:
Proved properties	$	9,116		$	11,496
Unproved properties		-			-
Accumulated depreciation, depletion and amortization
and valuation allowance		(3,202	)		(,2687	)
Net capitalized costs	$	5,914		$	8,809

Schedule of Costs incurred in oil and gas property acquisition, exploration and development

The following table reflects the costs incurred in oil and gas property acquisition, exploration and development activities.

	2015		2014
Property acquisition costs:
Proved properties	$	-	$	-
Unproved properties		-		-
Exploration costs		-		-
Development costs		206		129
Total cost incurred	$	206	$	129