0001477932-14-000775.txt : 20140219 0001477932-14-000775.hdr.sgml : 20140219 20140219163701 ACCESSION NUMBER: 0001477932-14-000775 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 20131231 FILED AS OF DATE: 20140219 DATE AS OF CHANGE: 20140219 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN ENERGY GROUP LTD CENTRAL INDEX KEY: 0000843212 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 870448843 STATE OF INCORPORATION: NV FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-26402 FILM NUMBER: 14626086 BUSINESS ADDRESS: STREET 1: 1 GORHAM ISLAND STREET 2: SUITE 303 CITY: WESTPORT STATE: CT ZIP: 06880 BUSINESS PHONE: 203-222-7315 MAIL ADDRESS: STREET 1: 1 GORHAM ISLAND STREET 2: SUITE 303 CITY: WESTPORT STATE: CT ZIP: 06880 FORMER COMPANY: FORMER CONFORMED NAME: BELIZE AMERICAN CORP INTERNATIONALE DATE OF NAME CHANGE: 19941004 FORMER COMPANY: FORMER CONFORMED NAME: DIM INC DATE OF NAME CHANGE: 19920703 10-Q 1 aegg_10q.htm FORM 10-Q aegg_10q.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

(Mark One)

x
QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
 
For the quarterly period ended December 31, 2013

o
TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 

For the transition period from ___________ to ___________
 
Commission file number: 0-26402

THE AMERICAN ENERGY GROUP, LTD.
 (Exact name of Registrant as specified in its charter)
 
Nevada
  87-0448843
(State or other jurisdiction of incorporation or organization)
 
(I.R.S. Employer Identification No.)
 
1 Gorham Island    
Suite 303
   
Westport, Connecticut   06880
(Address of principal executive offices)
 
(Zip code)

203-222-7315
(Registrant’s telephone number including area code)
 
___________________________________________
Securities registered pursuant to Section 12(b) of the Act:

None
Securities registered pursuant to section 12(g) of the Act:
Common Stock, Par Value $.001 Per Share

Check whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the issuer has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court. Yes x No o

APPLICABLE ONLY TO CORPORATE ISSUERS

As of February 14, 2014, the number of Common shares outstanding was 48,942,949
 
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No ¨
 
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):
 
Large accelerated filer
¨
Accelerated filer
¨
Non-accelerated filer
¨
Smaller reporting company
x
(Do not check if a smaller reporting company)    



 
 

 
 
THE AMERICAN ENERGY GROUP, LTD.
INDEX TO FORM 10-Q
 
    PAGE  
PART I – FINANCIAL INFORMATION      
       
Item 1.
Financial Statements        
           
Item 2.
Management’s Discussion and Analysis of Financial Condition And Results of Operations
    10  
           
Item 3.
Quantitative and Qualitative Disclosures About Market Risk
    13  
           
Items 4 and 4T.
Controls and Procedures
    13  
           
PART II – OTHER INFORMATION
       
           
Item 1.
Legal Proceedings
    14  
           
Item 1A.
Risk Factors
    15  
           
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
    15  
           
Item 3.
Defaults Upon Senior Securities
    15  
           
Item 4.
Mine Safety Disclosures
    15  
           
Item 5.
Other Information
    15  
           
Item 6.
Exhibits
    16  
 
 
2

 
 
PART I – FINANCIAL INFORMATION
 
THE AMERICAN ENERGY GROUP, LTD.
Balance Sheets
 
   
December 31,
2013
   
June 30,
2013
 
     (Unaudited)        
Assets
Current Assets            
Cash
  $ 79,360     $ 44,101  
Prepaid expenses
    13,217       33,826  
                 
Total Current Assets
    92,577       77,927  
                 
Property and Equipment                
Office equipment
    30,417       30,417  
Leasehold improvements
    26,458       26,458  
Accumulated depreciation
    ( 44,740 )     ( 42,465 )
                 
Net Property and Equipment     12,135       14,410  
                 
Other Assets                
Investment in oil and gas working interest – related party
    1,583,914       1,583,914  
Oil & gas sales receivable
    2,661,601       2,037,143  
Security deposit
    16,312       16,312  
                 
Total Other Assets     4,261,827       3,637,369  
                 
Total Assets   $ 4,366,539     $ 3,729,706  
                 
Liabilities and Stockholders’ Equity
Current Liabilities                
Accounts payable
  $ 61,313     $ 59,683  
Security deposits
    6,895       13,200  
Note payable
    7,033       27,378  
Accrued liabilities
    346,907       254,936  
                 
Total Current Liabilities
    422,148       355,197  
                 
Total Liabilities     422,148       355,197  
                 
Stockholders’ Equity                
Common stock, par value $0.001 per share; authorized 80,000,000 shares; 47,942,949 and 45,242,949 shares issued and outstanding, respectively
    47,943       45,243  
Capital in excess of par value
    14,008,121       13,560,821  
Accumulated deficit
    (10,111,673 )     (10,231,555 )
                 
Total Stockholders’ Equity     3,944,391       3,374,509  
                 
Total Liabilities and Stockholders’ Equity   $ 4,366,539     $ 3,729,706  
 
See accompanying unaudited notes to the financial statements.
 
 
3

 
 
THE AMERICAN ENERGY GROUP, LTD.
Statements of Operations
For the Three Months and Six Months Ended December 31, 2013 and 2012
(Unaudited)
 
    Three Months Ended     Six Months Ended  
    December 31,     December 31,     December 31,     December 31,  
    2013     2012     2013     2012  
 
                       
Revenue – Oil and Gas Royalties
  $ 312,339     $ 309,421     $ 624,458     $ 616,581  
                                 
Expenses
                               
Administrative salaries
    104,896       101,708       210,432       206,702  
Legal and professional
    59,741       85,332       125,508       138,950  
General and administrative
    68,545       40,431       120,453       82,896  
Office overhead expenses
    30,371       16,900       41,055       32,387  
Depreciation
    1,138       1,183       2,275       2,366  
                                 
Total Expenses
    264,691       245,554       499,723       463,301  
                                 
Net Operating Income
    47,648       63,867       124,735       153,280  
                                 
Other Income and (Expense)
                               
Warrant settlements
    -       ( 19,647 )     -       ( 19,647 )
Interest expense
    ( 2,330 )     ( 1,996 )     ( 4,853 )     ( 4,304 )
                                 
Total Other Income (Expense)
    ( 2,330 )     ( 21,643 )     ( 4,853 )     ( 23,951 )
                                 
Net Income Before Tax
    45,318       42,224       119,882       129,329  
                                 
Income Tax
    0       0       0       0  
                                 
Net Income
  $ 45,318     $ 42,224     $ 119,882     $ 129,329  
                                 
Earnings per Share
                               
                                 
Basic
  $ .00     $ .00     $ .00     $ .00  
                                 
Fully Diluted
  $ .00     $ .00     $ .00     $ .00  
 
                               
Weighted Average Number of Shares Outstanding
                               
                                 
Basic
    47,388,601       41,212,762       46,102,188       40,081,711  
 
                               
Fully Diluted
    52,248,601       43,572,762       50,962,188       42,441,711  
 
See accompanying unaudited notes to the financial statements.

 
4

 
 
THE AMERICAN ENERGY GROUP, LTD.
Statements of Cash Flows
For the Six Months Ended December 31, 2013 and 2012
(Unaudited)
 
    2013    
2012
 
             
Cash Flows From Operating Activities
           
Net Income   $ 119,882     $ 129,329  
Adjustments to reconcile net loss to net cash (used in) operating activities:                
Depreciation     2,275       2,366  
Warrant Expense     -       19,647  
Changes in operating assets and liabilities:                
(Increase) decrease in oil and gas sales receivable     (624,458 )     (616,581 )
(Increase) decrease in prepaid expenses     264       (2,944 )
Increase (decrease) in accounts payable     1,630       (5,576 )
Increase (decrease) in accrued expenses and other current liabilities     85,666       75,491  
                 
Net Cash (Used In) Operating Activities     (414,741 )     (398,268 )
                 
Cash Flows From Investing Activities
    -       -  
                 
Cash Flows From Financing Activities
               
Proceeds from the issuance of common stock     450,000       362,000  
                 
Net Cash Provided By Financing Activities     450,000       362,000  
                 
Net Increase (Decrease) in Cash     35,259       (36,268 )
Cash and Cash Equivalents, Beginning of Period     44,101       82,433  
                 
Cash and Cash Equivalents, End of Period   $ 79,360     $ 46,165  
                 
Cash Paid For:
               
                 
Interest   $ 4,853     $ 4,304  
                 
Taxes   $ -     $ -  
 
See accompanying unaudited notes to the financial statements.
 
 
5

 
 
THE AMERICAN ENERGY GROUP, LTD.
Notes to the Unaudited Financial Statements
December 31, 2013

Note 1 – General
 
The accompanying unaudited condensed financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted in accordance with such rules and regulations. The information furnished in the interim condensed financial statements include normal recurring adjustments and reflects all adjustments, which, in the opinion of management, are necessary for a fair presentation of such financial statements. Although management believes the disclosures and information presented are adequate to make the information not misleading, it is suggested that these interim condensed financial statements be read in conjunction with the Company's audited financial statements and notes thereto included in its June 30, 2013 Annual Report on Form 10-K. Operating results for the three months and six months ended December 31, 2013 are not necessarily indicative of the results that may be expected for the year ending June 30, 2014.
 
Note 2 – Basic Loss Per Share of Common Stock

   
Three Months Ended
   
Six Months Ended
 
   
December 31,
   
December 31,
   
December 31,
   
December 31,
 
   
2013
   
2012
   
2013
   
2012
 
                         
Income (numerator)
  $ 45,318     $ 42,224     $ 119,882     $ 129,329  
                                 
Basic Shares (denominator)
    47,388,601       41,212,762       46,102,188       40,081,711  
                                 
Fully Diluted Shares (denominator)
    52,248,601       43,572,762       50,962,188       42,441,711  
                                 
Basic Income Per Share
  $ 0.00     $ 0.00     $ 0.00     $ 0.00  
                                 
Fully Diluted Income Per Share
  $ 0.00     $ 0.00     $ 0.00     $ 0.00  
 
The basic income per share of common stock is based on the weighted average number of shares issued and outstanding during the period of the financial statements. Stock warrants convertible into 4,860,000 shares of common stock are included in the fully diluted income per share calculation.
 
Note 3 – Revenue Recognition
 
Revenue from oil and gas royalties consists solely of override royalty interests and is recognized after production has occurred on the oil and gas concession in which the Company has an interest. Royalty income is reported on a net revenue basis.
 
Note 4 – Common Stock
 
During July, 2013, the Company issued 500,000 shares of common stock for cash at $0.15 per share.

During September, 2013, the Company issued 600,000 shares of common stock for cash at $0.15 per share.

During October, 2013, the Company issued 700,000 shares of common stock for cash at $0.15 per share.

During November, 2013, the Company issued 900,000 shares of common stock for cash at $0.20 per share.

 
6

 
 
THE AMERICAN ENERGY GROUP, LTD.
Notes to the Unaudited Financial Statements
December 31, 2013
 
Note 5 – Income Taxes
 
The Company accounts for corporate income taxes in accordance with FASB ASC 740-10 “Income Taxes”. FASB ASC 740-10 requires an asset and liability approach for financial accounting and reporting for income tax purposes.

As of December 31, 2013, the Company had net operating loss carryovers of $47,065,233 which can be used to reduce future taxable income. No deferred tax benefit has been recorded related to these carryovers as utilization cannot be reasonable assured.

Note 6 – Investment in Oil and Gas Working Interest – Related Party
 
The Company owns an interest in two oil and gas leases located in Southeast Texas. The Company is exploring various opportunities to realize value from these interests, including potential farmout or sale. The Company intends to adopt the full cost method of accounting for oil and gas properties in the event that the Company develops their interests in these leases. As of June 30, 2013, the Company does not have any proved reserves as defined under FASB ASC 932-235-50 (formerly SFAS No. 69) and has not incurred any costs associated with the development of these oil and gas properties and had not received any oil and gas revenue from these leases.

The Company also holds an 18% gross royalty interest in the Yasin Concession in Pakistan. As of December 31, 2013 and June 30, 2013, the Company had earned $2,691,991 and $2,067,533, respectively, of oil and gas royalties on which they had received payments of $30,390, resulting in oil and gas receivables of $2,661,601 and 2,037,143 as of December 31, 2013 and June 30, 2013, respectively. The concession was acquired in 2003 through the sale of a wholly owned subsidiary of the Company. Revenues to be derived from this interest are overriding in nature and there are no future financial obligations or commitments required of the Company to secure this royalty interest.

Note 7 – Subsequent Events
 
In accordance with ASC 855-10, management of the Company has reviewed all material events from December 31, 2013 through the date the financial statements were issued. Subsequent to December 31, 2013, the Company issued 1,000,000 shares of Common Stock for cash at $0.15 per share. In addition, the Company borrowed $350,000 from a current shareholder with interest at 5% and an 18 month maturity. In connection with this loan the Company issued 2,333,334 warrants to purchase additional shares of the Company at $0.15/share. These warrants will expire in 2 years. There were no other material events that warrant any additional disclosure.
 
Note 8 – Other Contingencies - Litigation
 
In December, 2011, we initiated civil legal proceedings against Hycarbex and others in the High Court of Islamabad, Pakistan. Our pleadings with respect to the 2.5% carried working interest positions in the Sanjawi and Zamzama North concessions sought a registration of those interests with the Government of Pakistan and simultaneously sought the imposition of an injunction preventing the transfer of the working interest in those concessions until the registration can be effected, thereby protecting our interests. Our pleadings with respect to the Yasin concession and the right to receive 18% of the gross production revenues, our pleadings sought a referral to arbitration based upon ownership of, in effect, a 25% carried working interest to which is attributed 18% of gross production revenues and the right to receive pertinent records and data, the appointment of a receiver to both protect and cause disbursement of the 18% of gross revenues since the inception of production in April, 2011, and the imposition of an injunction against the transfer of the working interest in the Yasin concession. The Court immediately issued two injunction orders preserving the status quo as to the Company’s interests in each of the Yasin, Sanjawi and Zamzama North petroleum concessions.
 
 
7

 
 
THE AMERICAN ENERGY GROUP, LTD.
Notes to the Unaudited Financial Statements
December 31, 2013
 
Note 8 – Other Contingencies – Litigation (continued)
 
On March 27, 2012, the Islamabad High Court issued its final order (later clarified as to certain arbitration procedures by a clarification Order dated April 4, 2012). The Court directed the parties to proceed to arbitration in London, UK under the ICC Rules of Arbitration and further reaffirmed the continuation of the pending temporary injunctions against Hycarbex’s potential transfer of interests in the concessions prior to final resolution in the arbitration forum. Our application for the appointment of a receiver was neither granted or denied, but was instead deferred by the Court to the arbitration forum. Hycarbex appealed the March 27, 2012 Order asserting that litigation should not have been initiated by American Energy without first going to arbitration, asserting that our claims to 18% of gross production revenues were premature (despite already having made some payments toward that production interest) because a “commercial discovery” had not yet been declared, and asserting that the injunctions had the effect of enjoining all of the working interest, not just a portion. American Energy countered with an appeal that the Court should reconsider the application for a receiver due to an existing arbitration rule which would prevent the arbitration forum from granting interim relief of that type, irrespective of the merits of such an application. These appeals are expected to be docketed and resolved during the current fiscal year or to become moot by virtue of the ICC Order granting interim relief announced September 25, 2013, discussed below, and by virtue of the actual commencement of the scheduled final arbitration hearing in February, 2014.

On April 10, 2012, pursuant to the terms of the March 27, 2012, Islamabad High Court Order, we filed our claim with the International Chamber of Commerce (“ICC”) International Court of Arbitration. In this claim, we are seeking an order which voids, ab initio, the original 2003 Stock Purchase Agreement under which Hycarbex’s parent company acquired the stock of Hycarbex (and thus the underlying Yasin concession owned by Hycarbex) and in conjunction therewith, seeks the recovery of any financial dividends or advances which may have been made by Hycarbex to its shareholders. Alternatively, our claim requests the declaration of a 25% carried working interest (and the in-country registration of same) to which is attributed 18% of gross production free of taxes and costs, plus the recovery from the respondents of all accrued, unpaid production revenues. The request in our arbitration claim for a voiding of the original Stock Purchase Agreement is based upon our assertions in the claim that Hydro Tur, Ltd., the original purchaser of the Hycarbex stock under the 2003 Stock Purchase Agreement, fraudulently misrepresented to American Energy that “no current or past shareholders, officers and/or directors of [American Energy] or Hycarbex have any interest, direct or indirect, in the ownership of [Hydro Tur, Ltd.].” The 3-arbitrator panel has been appointed and has scheduled the final hearing in this arbitration for the month of February 2014.

In February 2013, we filed an Application For Interim Relief with the ICC which was heard by the tribunal on June 13, 2013. By Order dated September 25, 2013, the ICC granted all requests made by the Company against Hycarbex American Energy, Inc. (“Hycarbex”), Hycarbex Asia Pte, Ltd. (“Hycarbex Asia”) and Hydro Tur, Ltd. (“Hydro Tur”) in its Application For Interim Relief filed with the ICC in February 2013 and presented to the ICC in a hearing conducted June 13, 2013. By Order dated September 25, 2013, the ICC granted to the Company all requested relief and therein ordered Hycarbex, Hycarbex Asia and Hydro Tur to do the following within fourteen (14) days of the Order: (1) to produce to the Company the records of production and sales from the Yasin petroleum concession in Pakistan for the period August 2011 through the date of the Order and to continue to do so pending further order, (2) to pay to the Company 18% of all sales proceeds of hydrocarbons received by such parties between August 2011 through December 2012, (3) to pay to the Company 18% of all sale proceeds of hydrocarbons received by such parties between December 2012 and the date of the Order, and (4) to direct the purchaser of the hydrocarbons to pay direct to the Company 18% of all future sale proceeds during the pendency of the arbitration proceedings. The ICC further ordered that in the event that Hycarbex, Hycarbex Asia and Hydro Tur fail to produce to the Company the production and sales records for the period August 2011 through December 2012 within the fourteen (14) days following the Order, that such parties are ordered to pay to the Company $1,436,137.81 as an approximate interim amount pending the determination of actual sale proceeds from the actual records. The ICC further ordered that in the event that Hycarbex, Hycarbex Asia and Hydro Tur fail to produce to the Company the production and sales records for the period December 2012 through the date of the Order and continue to do so, that the arbitration tribunal will consider an application from the Company for a further Order as to an approximate interim monetary amount pending the determination of actual sale proceeds for such period. The Order of the ICC is not appealable to a court or other tribunal. Under Pakistan’s Arbitration Act of 1940, international arbitration orders are enforceable in the Pakistan courts.

 
8

 

THE AMERICAN ENERGY GROUP, LTD.
Notes to the Unaudited Financial Statements
December 31, 2013
 
Subsequent to the ICC Order, Hycarbex produced certain sales records and other records of Hycarbex but Hycarbex and Hycarbex Asia failed to pay the ordered monetary sum. Hycarbex and Hycarbex Asia also requested a modification of the Order granting interim relief. The Order was not suspended by the ICC while this request was under consideration. By communication from the ICC dated February 4, 2014, the modification requested by Hycarbex and Hycarbex Asia was denied by the arbitration tribunal. The Liquidators for Hycarbex Asia appointed in 2013 in the pending insolvency proceedings for Hycarbex Asia in Singapore replaced their legal counsel and then requested a stay of the arbitration proceedings on February 12, 2014 from the English High Court of Justice, Chancery Division. However, this request for stay of the arbitration proceedings was promptly denied by the English Court and the English Court ordered the Liquidators personally to pay all of the Company's costs to defend the application, initially estimated to be $36,000.
 
On February 17, 2014, the arbitration proceedings commenced before the 3-arbitrator tribunal with the first order of business being consideration of another request to the arbitration tribunal by the Liquidators of Hycarbex Asia for suspension of the proceeding or, in the alternative, a postponement to permit newly appointed legal counsel to prepare a proper defense to the Company's claims in arbitration. A complete suspension was rejected by the Tribunal. The Liquidators voluntarily offered to pay interim costs of $50,000 toward the actual costs determined by the Tribunal as caused by the request. The Company has opposed the postponement and indicated that any consideration of same must be conditioned upon protection of the disputed assets and adequate measures to assure payment to the Company of the monies due to the Company under the September 25, 2013 Order granting interim relief. The hearing on these matters is expected to continue through the week of February 24, 2014.
 
Note 9 – Going Concern
 
The Company’s financial statements have been prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. Accordingly, the financial statements do not include any adjustments related to the recoverability of assets or classification of liabilities that might be necessary should the Company be unable to continue as a going concern. At December 31, 2013, the Company’s current liabilities exceeded its current assets and it has recorded negative cash flows from operations. In addition, the collection of the Company’s oil and gas sales receivables have been delayed and are subject to the final outcome of the litigation previously mentioned in Note 8 to these financial statements. The preceding circumstances combine to raise substantial doubt about the Company’s ability to continue as a going concern. Management expects to continue to be successful in future capital raises, if necessary, to continue operations until current oil and gas receivables are collected. In addition, revenues from the Pakistan petroleum concession continue to accrue on a monthly basis.

 
9

 
 
ITEM 2 – MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This report contains statements about the future, sometimes referred to as “forward-looking” statements. Forward-looking statements are typically identified by the use of the words “believe,” “may,” “will,” “should,” “expect,” “anticipate,” “estimate,” “project,” “propose,” “plan,” “intend” and similar words and expressions. We intend the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act. Statements that describe our future strategic plans, goals or objectives are also forward-looking statements.

Readers of this report are cautioned that any forward-looking statements, including those regarding the Company or its management’s current beliefs, expectations, anticipations, estimations, projections, proposals, plans or intentions, are not guarantees of future performance or results of events and involve risks and uncertainties, such as:

The future results of drilling individual wells and other exploration and development activities;
 
Future variations in well performance as compared to initial test data;
 
Future events that may result in the need for additional capital;
 
Fluctuations in prices for oil and gas;
 
Future drilling and other exploration schedules and sequences for various wells and other activities;
 
Uncertainties regarding future political, economic, regulatory, fiscal, taxation and other policies in Pakistan;
 
Our future ability to raise necessary operating capital.

The forward-looking information is based on present circumstances and on our predictions respecting events that have not occurred, which may not occur or which may occur with different consequences from those now assumed or anticipated. Actual events or results may differ materially from those discussed in the forward-looking statements as a result of various factors, including the risk factors detailed in this report. The forward-looking statements included in this report are made only as of the date of this report. We are not obligated to update such forward-looking statements to reflect subsequent events or circumstances.

Overview

In November 2003, we sold our Hycarbex-American Energy, Inc. (“Hycarbex”) subsidiary, which was the owner and operator of the Yasin 2768-7 Petroleum Concession Block in the Republic of Pakistan, to a foreign corporation. We retained in the sale an 18% overriding royalty interest in the Yasin Block. Drilling of the first well in Pakistan as to which our overriding royalty pertains, named the Haseeb No. 1 Well, was successfully completed by Hycarbex-American Energy, Inc. (“Hycarbex”), in the fourth quarter of the fiscal year ended June 30, 2005. A state-of-the-art, third party owned, surface facility for the well was constructed for Hycarbex after well completion. During September 2010, Hycarbex connected the well to the Sui Southern Gas Company pine line, and commenced gas sales under an Extended Well Test but the production quickly ceased due to mechanical difficulties encountered in the commissioning of the surface facility owned by the third party. The production re-commenced into the pipe line in July 2011, at the initial rate of 3.5 million cubic feet of gas per day (MMCFD). Hycarbex has advised that this rate is expected to be gradually increased to 15 MMCFD during the Extended Well Test. Such production can likewise experience temporary interruptions to permit testing, calibration and other activities common with an extended well test.

 
10

 
 
In the fall of 2011, we received the initial two production revenue payments for Yasin production, but in November 2011, Hycarbex, the operator of the Yasin concession, suspended the monthly revenue payments due to Hycarbex’s financial difficulties and advised that it would continue to accrue the revenues to the Company until it resolved its financial difficulties. Although the daily production rate has increased to over 10 million cubic feet per day under the Extended Well Test, the accrued production revenues due to the Company from August 2011 through the date of this report have not been distributed to the Company. In December 2011, we initiated legal proceedings against Hycarbex and others in the High Court of Islamabad, Pakistan to enforce the revenue payment obligations. During 2012, we sold shares of Common Stock to certain private investors to provide working capital to the Company and anticipate making future sales as needed for working capital requirements should the pending litigation not result in the near term resumption of production revenue payments to the Company.

Results of Operations

Our operations for the three months ended December 31, 2013 reflected operating income of $47,648, as compared to operating income of $63,867 for the three months ended December 31, 2012 and net income of $45,318 and $42,224 for the same periods. The increase in net income for the three months ended December 31, 2013 of $3,094 as compared to the quarter ended December 31, 2012, and the decrease in net income for the six months ended December 31, 2013 of $9,447 as compared to the six months ended December 31, 2012, is predominantly a result of the net effect of the aggregate litigation expenses in Pakistan and the arbitration tribunal of the International Chamber of Commerce related to the recovery of its oil and gas revenue receivable from Hycarbex, and not the result of fluctuations in production. In the fall of 2011, Hycarbex, the operator of the Yasin concession, commenced revenue payments to the Company but then abruptly suspended the monthly revenue payments due to Hycarbex’s financial difficulties after only two revenue payments totaling $30,425 covering Hycarbex’s April 2011 and July 2011 production. Hycarbex advised us in its notice of suspension that it would continue to accrue the revenues to the Company until it resolved its financial difficulties. As a result, the accrued production revenues due to the Company from August 2011 through the date of this report have not been distributed to the Company.

The production rate volumes reported by Hycarbex to the Pakistan Oil Ministry indicate that the average daily production for the quarter exceeded 10.3 million cubic feet per day based upon a monthly total of 321.68 million cubic feet for October, 2013, 322.15 million cubic feet for November, 2013 and 320.18 million cubic feet for December, 2013. We have had to base our production and revenue accrual estimates and assumptions based upon these reported estimated figures due to Hycarbex’s failure to directly provide us with updated, accurate production and sale information which is a direct breach of Hycarbex’s contractual obligations. Given the early information received from Hycarbex as to the BTU content of the gas sold, management believes that the appropriate estimated gas price applicable to these reported sale volumes is $1.80 per million cubic feet of gas sold. Using this price and using the actual production reported by Hycarbex to the Pakistan Oil Ministry for the period, would result in an estimated accrual to the Company for the quarter of $312,339. Actual monthly accruals for the period could be higher or lower depending upon the actual BTU content.

In December, 2011, we initiated legal proceedings against Hycarbex and others in the High Court of Islamabad, Pakistan to enforce the revenue payment obligations. Management is optimistic that such proceedings will be successful in causing the resumption of payments to the Company. In order to provide necessary working capital for the Company while these revenue payments are being wrongfully withheld, we sold to private investors during the current quarter 1,600,000 shares of our common stock for $285,000. Subsequent to the end of the quarter we sold 1,000,000 shares for $150,000 and borrowed an additional $350,000 from a private investor. The funds will be utilized for general and administrative expenses incurred by the Company, including the non-recurring legal costs associated with the pending litigation in Pakistan. We will make additional sales of securities in the future to fund the Company’s working capital needs as they arise in the event that the pending litigation in Pakistan does not result in a near term resumption of monthly revenue payments from Hycarbex. Despite management’s expectations, there can be no assurance of litigation success in the short term or upon final resolution on the merits, and there can be no assurance of management’s ability to consummate securities sales to meet working capital requirements. (See Note 7 – Going Concern footnote to Financial Statements above).
 
 
11

 
 
Liquidity and Capital Resources

Prior to the connection of the Haseeb No. 1 to the gas marketing pipe line, we funded our operations through private loans, all of which have been repaid, and through the private sale of securities. The re-connection to the marketing pipe line and resulting gas sales under the Extended Well Test were expected to provide future cash flow sufficient to meet the Company’s ongoing expenses because the level of production was sufficiently high to cause production revenues to exceed the Company’s monthly operating capital requirements. The suspension of revenue payments by Hycarbex due to its financial difficulties after just two (2) monthly revenue payments caused management to develop a different short term approach to funding its operations. In order to provide necessary working capital for the Company while these revenue payments are being wrongfully withheld, we sold Common Stock to private investors, including 1,600,000 shares during the quarter ended December 31, 2013 for $285,000. An additional 1,000,000 shares were sold subsequent to the end of the quarter for $150,000. The funds have been and will continue to be utilized for general and administrative expenses incurred by the Company, including the non-recurring legal costs associated with the pending litigation in Pakistan which was initiated in December, 2011 against Hycarbex and others in the High Court of Islamabad, Pakistan to enforce the revenue payment obligations. Management is optimistic that such proceedings will be successful in causing the resumption of payments to the Company. However, we will make additional sales of securities in the future to fund the Company’s working capital needs as they arise in the event that the pending litigation in Pakistan does not result in a near term resumption of monthly revenue payments from Hycarbex. Despite management’s expectations, there can be no assurance of litigation success in the short term or upon final resolution on the merits, and there can be no assurance of management’s ability to consummate securities sales to meet working capital requirements. (See Note 7 – Going Concern footnote to Financial Statements above).
 
Business Strategy and Prospects

In July 2011, the Haseeb #1 Well began producing into the Sui Southern Gas Company line under the Extended Well Test Gas Sales and Purchase Agreement covering the sale of gas from the Haseeb Gas Field on Yasin Block (2768-7) signed by the parties in December 2009. While the Company received only the initial two production payments from Hycarbex before the wrongful suspension and accrual of payments, we are optimistic the pending litigation in Pakistan will be successful in causing a resumption of monthly payments. We are further optimistic that the Company will continue to be successful in making sales of securities to private investors to fund the Company’s working capital requirements. We further expect that the monthly production currently being accrued by Hycarbex to the Company’s interest will increase as the sale volume under the Extended Well Test is gradually increased to the target daily production level of 15 million cubic feet per day. Our business strategy is to use these sales of securities to meet our administrative expenditure requirements until the monthly payments derived from production are resumed. Further, since the accrual rate exceeds the Company’s actual and historical monthly cash requirements for operations, management expects to seek similar non-cost bearing production purchase opportunities in Pakistan and other petroleum producing regions.

The Yasin Block, to date, has no reported Proved Reserves as that term and the calculation for discounted future net cash flows for reporting purposes is mandated by the Financial Accounting Standards Board in Statement of Financial Accounting Standards No. 69, titled “Disclosures About Oil and Natural Gas Producing Activities”. However, based upon test results upon the Haseeb No. 1 and other data collected by Hycarbex from its drilling and seismic activities, we strongly believe that the Yasin Block acreage contains oil and gas producing physical structures which are worthy of further exploration. If successfully developed, our reserved 18% production interest will likely be a good source of cash revenues because the royalty, by its nature, entitles us to share in gross, rather than net, production. We expect to use these anticipated revenues for further investment in other revenue generating assets or business activities.
 
On October 29, 2009, the Company executed an agreement to acquire from Hycarbex a two and one half percent (2-1/2%) working interest in each of the 2,258 square kilometer Sanjawi Block No. 3068-2, Zone II, Baluchistan Province, Pakistan, and 1,229 square kilometer Zamzama North Block No. 2667-8, Zone III, Sindh Province, Pakistan, concessions, each of which is operated by Heritage Oil and Gas Limited. Heritage is an affiliate of Heritage Oil, PLC, an independent oil and gas company which focuses its oil and gas operations in Africa, the Middle East, and Russia. Heritage’s shares trade on the London Stock Exchange under the symbol HOIL with a secondary listing on the Toronto Stock Exchange under the symbol HOC. Heritage owns a 54% interest in the Zamzama North Block and a 48% interest in the Sanjawi Block. Other working interest participants in the two Blocks are Sprint Energy (Private) Limited, an affiliate of Pakistan-based JS Group, and Tracker Energy (Private) Limited, an affiliate of Pakistan-based TPL Holdings, Ltd. Under the terms of the agreement with Hycarbex, the American Energy Group, Ltd’s 2-1/2% working interests are “carried” by Hycarbex for the initial two (2) wells on the Sanjawi Block and the initial three (3) wells on the Zamzama North Block. The term “carried” means that the costs associated with work programs, seismic, road preparation, drillsite preparation, rig and equipment mobilization, drilling, reworking, testing, logging completion and governmental fees (except taxes and production) shall be borne by Hycarbex. Infrastructure costs such as pipelines and surface facilities constructed after the first discovery well on each Block are not carried. After the initial carried wells have been drilled, American Energy Group, Ltd. shall bear its proportionate share of drilling and exploration costs. The agreement provides an option to American Energy Group, Ltd. to convert its working interest in any well at any time to a 1.5% gross royalty interest free of any exploration costs or operating costs.

 
12

 
 
According to information set forth on Heritage’s website [www.heritageoilplc.com], the Sanjawi Block is considered a very viable prospect due to the recent oil discovery to the West, a number of gas fields to the Southeast and the presence of oil seeps. The Sanjawi Block is dominated by a series of broad East-West trending surface features including the Dabbar and Warkan Shah anticlines. These are large structures, with the Dabbar anticline being some 300 square kilometers in area. The Zamzama North Block is immediately to the North of the Zamzama Gas Field, a major Upper Cretaceous gas accumulation. Heritage has acquired approximately 750 kilometers of fair to good quality, 2D seismic and has mapped a number of structural leads. According to Heritage, further seismic is being acquired and a new well on the Zamzama North Block is planned in the near future. If such development activities occur and are successful, then our Zamzama North interest would also be a source of revenue in the future.
 
Off Balance Sheet Arrangements

We had no off balance sheet arrangements during the three months ended December 31, 2013.

ITEM 3 – QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The Company is not a party to nor does it engage in any activities associated with derivative financial instruments, other financial instruments and/or derivative commodity instruments.

ITEMS 4 – AND 4T – CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures
 
Under the supervision and with the participation of our management, including the Principal Executive Officer and Principal Financial Officer, we have evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) of the Exchange Act) as of the end of the period covered by this report. Based on that evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that, as of December 31, 2013, these disclosure controls and procedures were effective to ensure that all information required to be disclosed by us in the reports that we file or submit under the Exchange Act is: (i) recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms; and (ii) accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.
 
There have been no material changes in internal control over financial reporting that occurred during the first fiscal quarter that have materially affected, or are reasonably likely to materially affect the Company’s internal control over financial reporting.
 
Inherent Limitations Over Internal Controls
 
Internal control over financial reporting cannot provide absolute assurance of achieving financial reporting objectives because of its inherent limitations, including the possibility of human error and circumvention by collusion or overriding of controls. Accordingly, even an effective internal control system may not prevent or detect material misstatements on a timely basis. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate.
 
 
13

 

PART II – OTHER INFORMATION

ITEM 1 – LEGAL PROCEEDINGS

In December 2011, we initiated civil legal proceedings against Hycarbex and others in the High Court of Islamabad, Pakistan. Our pleadings with respect to the 2.5% carried working interest positions in the Sanjawi and Zamzama North concessions sought a registration of those interests with the Government of Pakistan and simultaneously sought the imposition of an injunction preventing the transfer of the working interest in those concessions until the registration can be effected, thereby protecting our interests. In our pleadings with respect to the Yasin concession and the right to receive 18% of the gross production revenues, our pleadings sought a referral to arbitration based upon ownership of, in effect, a 25% carried working interest to which is attributed 18% of gross production revenues and the right to receive pertinent records and data, the appointment of a receiver to both protect and cause disbursement of the 18% of gross revenues since the inception of production in April 2011, and the imposition of an injunction against the transfer of the working interest in the Yasin concession. The Court immediately issued two injunction orders preserving the status quo as to the Company’s interests in each of the Yasin, Sanjawi and Zamzama North petroleum concessions.

On March 27, 2012, the Islamabad High Court issued its final order (later clarified as to certain arbitration procedures by a clarification Order dated April 4, 2012). The Court directed the parties to proceed to arbitration in London, UK under the ICC Rules of Arbitration and further reaffirmed the continuation of the pending temporary injunctions against Hycarbex’s potential transfer of interests in the concessions prior to final resolution in the arbitration forum. Our application for the appointment of a receiver was neither granted or denied, but was instead deferred by the Court to the arbitration forum. Hycarbex appealed the March 27, 2012 Order asserting that litigation should not have been initiated by American Energy without first going to arbitration, asserting that our claims to 18% of gross production revenues were premature (despite already having made some payments toward that production interest) because a “commercial discovery” had not yet been declared, and asserting that the injunctions had the effect of enjoining all of the working interest, not just a portion. American Energy countered with an appeal that the Court should reconsider the application for a receiver due to an existing arbitration rule which would prevent the arbitration forum from granting interim relief of that type, irrespective of the merits of such an application. These appeals are expected to be docketed and resolved during the current fiscal year or to become moot by virtue of the ICC Order granting interim relief announced September 25, 2013, discussed below, and by virtue of the actual commencement of the scheduled final arbitration hearing in February, 2014.

On April 10, 2012, pursuant to the terms of the March 27, 2012, Islamabad High Court Order, we filed our claim with the International Chamber of Commerce (“ICC”) International Court of Arbitration. In this claim, we are seeking an order which voids, ab initio, the original 2003 Stock Purchase Agreement under which Hycarbex’s parent company acquired the stock of Hycarbex (and thus the underlying Yasin concession owned by Hycarbex) and in conjunction therewith, seeks the recovery of any financial dividends or advances which may have been made by Hycarbex to its shareholders. Alternatively, our claim requests the declaration of a 25% carried working interest (and the in-country registration of same) to which is attributed 18% of gross production free of taxes and costs, plus the recovery from the respondents of all accrued, unpaid production revenues. The request in our arbitration claim for a voiding of the original Stock Purchase Agreement is based upon our assertions in the claim that Hydro Tur, Ltd., the original purchaser of the Hycarbex stock under the 2003 Stock Purchase Agreement, fraudulently misrepresented to American Energy that “no current or past shareholders, officers and/or directors of [American Energy] or Hycarbex have any interest, direct or indirect, in the ownership of [Hydro Tur, Ltd.].” The 3-arbitrator panel has been appointed and has scheduled the final hearing in this arbitration for the month of February 2014.

In February, 2013, we filed an Application For Interim Relief with the ICC which was heard by the tribunal on June 13, 2013. By Order dated September 25, 2013, the ICC granted all requests made by the Company against Hycarbex American Energy, Inc. (“Hycarbex”), Hycarbex Asia Pte, Ltd. (“Hycarbex Asia”) and Hydro Tur, Ltd. (“Hydro Tur”) in its Application For Interim Relief filed with the ICC in February, 2013 and presented to the ICC in a hearing conducted June 13, 2013. By Order dated September 25, 2013, the ICC granted to the Company all requested relief and therein ordered Hycarbex, Hycarbex Asia and Hydro Tur to do the following within fourteen (14) days of the Order: (1) to produce to the Company the records of production and sales from the Yasin petroleum concession in Pakistan for the period August 2011 through the date of the Order and to continue to do so pending further order, (2) to pay to the Company 18% of all sales proceeds of hydrocarbons received by such parties between August 2011 through December 2012, (3) to pay to the Company 18% of all sales proceeds of hydrocarbons received by such parties between December 2012 and the date of the Order, and (4) to direct the purchaser of the hydrocarbons to pay direct to the Company 18% of all future sale proceeds during the pendency of the arbitration proceedings. The ICC further ordered that in the event that Hycarbex, Hycarbex Asia and Hydro Tur fail to produce to the Company the production and sales records for the period August 2011 through December 2012 within the fourteen (14) days following the Order, that such parties are ordered to pay to the Company $1,436,137.81 as an approximate interim amount pending the determination of actual sale proceeds from the actual records. The ICC further ordered that in the event that Hycarbex, Hycarbex Asia and Hydro Tur fail to produce to the Company the production and sales records for the period December 2012 through the date of the Order and continue to do so, that the arbitration tribunal will consider an application from the Company for a further Order as to an approximate interim monetary amount pending the determination of actual sales proceeds for such period. The Order granting interim relief is not appealable to a court or other tribunal and under Pakistan’s Arbitration Act of 1940, international arbitration orders are enforceable in the Pakistan courts.

 
14

 
 
Subsequent to the ICC Order, Hycarbex produced certain sales records and other records of Hycarbex but Hycarbex and Hycarbex Asia failed to pay the ordered monetary sum. Hycarbex and Hycarbex Asia also requested a modification of the Order granting interim relief. The Order was not suspended by the ICC while this request was under consideration. By communication from the ICC dated February 4, 2014, the modification requested by Hycarbex and Hycarbex Asia was denied by the arbitration tribunal. The Liquidators for Hycarbex Asia appointed in 2013 in the pending insolvency proceedings for Hycarbex Asia in Singapore replaced their legal counsel and then requested a stay of the arbitration proceedings on February 12, 2014 from the English High Court of Justice, Chancery Division. However, this request for stay of the arbitration proceedings was promptly denied by the English Court and the English Court ordered the Liquidators personally to pay all of our costs to defend the application, initially estimated to be $36,000.
 
On February 17, 2014, the arbitration proceedings commenced before the 3-arbitrator tribunal with the first order of business being consideration of another request to the arbitration tribunal by the Liquidators of Hycarbex Asia for suspension of the proceeding or, in the alternative, a postponement to permit newly appointed legal counsel to prepare a proper defense to the Companys claims in arbitration. A complete suspension was rejected by the Tribunal. The Liquidators voluntarily offered to pay interim costs of $50,000 toward the actual costs determined by the Tribunal as caused by the request. The Company has opposed the postponement and indicated that any consideration of same must be conditioned upon protection of the disputed assets and adequate measures to assure payment to the Company of the monies due to the Company under the September 25, 2013 Order granting interim relief. The hearing on these matters is expected to continue through the week of February 24, 2014.
 
ITEM 1A – RISK FACTORS

Not applicable.

ITEM 2 – UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

During the quarter ended December 31, 2013, we sold to private investors 1,600,000 shares for $285,000. The funds raised were applied to salaries, office rent, legal and accounting expenses and other general and administrative expenses incurred, including the costs associated with our pending litigation with Hycarbex. Subsequent to the end of the quarter, we sold another 1,000,000 shares of Common Stock to a private investor for $150,000. These funds also will be utilized for general, administrative and litigation expenses which are expected to be incurred. Subsequent to the end of the quarter we also issued 2,333, 334 warrants to purchase common stock at $0.15 for a 2-year period in connection with a $350,000 loan from a private investor. The loan matures in 18 months. The proceeds of the loan were used for a required cost advance in the pending ICC arbitration proceeding.

ITEM 3 – DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4 – MINE SAFETY DISCLOSURES

None.

ITEM 5 – OTHER INFORMATION

None.

 
15

 
 
ITEM 6 – EXHIBITS
 
The following documents are filed as Exhibits to this report:
 
Exhibit 31.1   Certification by R. Pierce Onthank, President, Chief Executive Officer and Principal Financial Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a);
     
Exhibit 32.1   Certification by R. Pierce Onthank, President, Chief Executive Officer and Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, Section 1350(a) and (b).
     
101.INS **
 
XBRL Instance Document
     
101.SCH **
 
XBRL Taxonomy Extension Schema Document
     
101.CAL **
 
XBRL Taxonomy Extension Calculation Linkbase Document
     
101.DEF **
 
XBRL Taxonomy Extension Definition Linkbase Document
     
101.LAB **
 
XBRL Taxonomy Extension Label Linkbase Document
     
101.PRE **
 
XBRL Taxonomy Extension Presentation Linkbase Document
___________
** XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

 
16

 
 
SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

  THE AMERICAN ENERGY GROUP, LTD.  
       
Dated: February 19, 2014
By:
/s/ R. Pierce Onthank  
    R. Pierce Onthank, President, Chief Executive  
    Officer, Principal Financial Officer and Director  
 
 
 17

 
EX-31.1 2 aegg_ex311.htm CERTIFICATION aege_ex311.htm
EXHIBIT 31.1

CERTIFICATION PURSUANT TO RULE 15D-14 OF THE SECURITIES EXCHANGE ACT OF 1934, AS
AMENDED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, R. PIERCE ONTHANK, President, chief executive officer and chief financial and accounting officer of The American Energy Group, Ltd., certify that:

1.
I have reviewed this Quarterly Report on Form 10-Q for the quarterly period ended December 31, 2013 of The American Energy Group, Ltd..

2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.

3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.
I am the registrant’s sole certifying officer and I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and have:

a)   
designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure the material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)   
designed such internal control over financial reporting or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting, and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)   
evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)   
disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.
I am the registrant’s sole certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a)   
all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b)   
any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
 
 
Dated: February 19, 2014
By:
/s/ R. Pierce Onthank  
    Printed Name: R. PIERCE ONTHANK  
    President, Chief Executive Officer and Principal Financial Officer  
EX-32.1 3 aegg_ex321.htm CERTIFICATION aege_ex321.htm
EXHIBIT 32.1
 
THE AMERICAN ENERGY GROUP, LTD.
CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION
906 OF THE SARBANES-OXLEY ACT OF 2002
 
In connection with the accompanying Quarterly Report on Form 10-Q of The American Energy Group, Ltd. (the “Company”) for the period ended December 31, 2013, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, R. Pierce Onthank, President and chief executive and chief financial and accounting officer of the Company, certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1.
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (the “Exchange Act”); and

2.
The information in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
 
 
By:
/s/ R. Pierce Onthank  
    President, Chief Executive Officer and  
    Principal Financial Officer  
EX-101.INS 4 aegg-20131231.xml XBRL INSTANCE DOCUMENT 0000843212 2013-06-30 0000843212 2014-02-14 0000843212 2012-06-30 0000843212 2013-07-01 2013-12-31 0000843212 2013-12-31 0000843212 2012-07-01 2012-12-31 0000843212 2013-10-01 2013-12-31 0000843212 2012-10-01 2012-12-31 0000843212 2012-12-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares 48942949 Q2 0.001 0.001 80000000 80000000 45242949 47942949 45242949 47942949 77927 92577 33826 13217 14410 12135 42465 44740 26458 26458 30417 30417 3729706 4366539 3637369 4261827 16312 16312 2037143 2661601 1583914 1583914 355197 422148 355197 422148 254936 346907 27378 7033 13200 6895 59683 61313 3729706 4366539 3374509 3944391 -10231555 -10111673 13560821 14008121 45243 47943 AMERICAN ENERGY GROUP LTD 0000843212 10-Q 2013-12-31 false --06-30 No No Yes Smaller Reporting Company 2014 44101 82433 79360 46165 624458 616581 312339 309421 124735 153280 47648 63867 499723 463301 264691 245554 2275 2366 1138 1183 41055 32387 30371 16900 120453 82896 68545 40431 125508 138950 59741 85332 210432 206702 104896 101708 4853 4304 2330 1996 -19647 -19647 -4853 -23951 -2330 -21643 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 50962188 42441711 52248601 43572762 46102188 40081711 47388601 41212762 119882 129329 45318 42224 119882 129329 45318 42224 0 0 0 0 -624458 -616581 264 -2944 1630 -5576 85666 75491 -414741 -398268 450000 362000 450000 362000 35259 -36268 4853 4304 119882 129329 45318 42224 50962188 42441711 52248601 43572762 0.00 0.00 0.00 0.00 47065233 2067533 2691991 2037143 2661601 30390 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying unaudited condensed financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted in accordance with such rules and regulations. The information furnished in the interim condensed financial statements include normal recurring adjustments and reflects all adjustments, which, in the opinion of management, are necessary for a fair presentation of such financial statements. Although management believes the disclosures and information presented are adequate to make the information not misleading, it is suggested that these interim condensed financial statements be read in conjunction with the Company's audited financial statements and notes thereto included in its June 30, 2013 Annual Report on Form&#160;10-K. Operating results for the three months and six months ended December 31, 2013 are not necessarily indicative of the results that may be expected for the year ending June 30, 2014.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Revenue from oil and gas royalties consists solely of override royalty interests and is recognized after production has occurred on the oil and gas concession in which the Company has an interest. Royalty income is reported on a net revenue basis.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">During July, 2013, the Company issued 500,000 shares of common stock for cash at $0.15 per share.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">During September, 2013, the Company issued 600,000 shares of common stock for cash at $0.15 per share.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">During October, 2013, the Company issued 700,000 shares of common stock for cash at $0.15 per share.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">During November, 2013, the Company issued 900,000 shares of common stock for cash at $0.20 per share.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company accounts for corporate income taxes in accordance with FASB ASC 740-10 &#147;Income Taxes&#148;. FASB ASC 740-10 requires an asset and liability approach for financial accounting and reporting for income tax purposes.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2013, the Company had net operating loss carryovers of $47,065,233 which can be used to reduce future taxable income. No deferred tax benefit has been recorded related to these carryovers as utilization cannot be reasonable assured.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company owns an interest in two oil and gas leases located in Southeast Texas. The Company is exploring various opportunities to realize value from these interests, including potential farmout or sale. The Company intends to adopt the full cost method of accounting for oil and gas properties in the event that the Company develops their interests in these leases. As of June 30, 2013, the Company does not have any proved reserves as defined under FASB ASC 932-235-50 (formerly SFAS No. 69) and has not incurred any costs associated with the development of these oil and gas properties and had not received any oil and gas revenue from these leases.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company also holds an 18% gross royalty interest in the Yasin Concession in Pakistan. As of December 31, 2013 and June 30, 2013, the Company had earned $2,691,991 and $2,067,533, respectively, of oil and gas royalties on which they had received payments of $30,390, resulting in oil and gas receivables of $2,661,601 and 2,037,143 as of December 31, 2013 and June 30, 2013, respectively. The concession was acquired in 2003 through the sale of a wholly owned subsidiary of the Company. Revenues to be derived from this interest are overriding in nature and there are no future financial obligations or commitments required of the Company to secure this royalty interest.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In accordance with ASC 855-10, management of the Company has reviewed all material events from December 31, 2013 through the date the financial statements were issued. Subsequent to December 31, 2013, the Company issued 1,000,000 shares of Common Stock for cash at $0.15 per share. In addition, the Company borrowed $350,000 from a current shareholder with interest at 5% and an 18 month maturity. In connection with this loan the Company issued 2,333,334 warrants to purchase additional shares of the Company at $0.15/share. These warrants will expire in 2 years. There were no other material events that warrant any additional disclosure.</p> <p style="font: bold 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: normal 10pt Times New Roman, Times, Serif">In December, 2011, we initiated civil legal proceedings against Hycarbex and others in the High Court of Islamabad, Pakistan. Our pleadings with respect to the 2.5% carried working interest positions in the Sanjawi and Zamzama North concessions sought a registration of those interests with the Government of Pakistan and simultaneously sought the imposition of an injunction preventing the transfer of the working interest in those concessions until the registration can be effected, thereby protecting our interests. Our pleadings with respect to the Yasin concession and the right to receive 18% of the gross production revenues, our pleadings sought a referral to arbitration based upon ownership of, in effect, a 25% carried working interest to which is attributed 18% of gross production revenues and the right to receive pertinent records and data, the appointment of a receiver to both protect and cause disbursement of the 18% of gross revenues since the inception of production in April, 2011, and the imposition of an injunction against the transfer of the working interest in the Yasin concession.</font><font style="font: 10pt Times New Roman, Times, Serif"> <font style="font-weight: normal">The Court</font> <font style="font-weight: normal">immediately</font> <font style="font-weight: normal">issued two injunction orders preserving the status quo as to the Company&#146;s interests in each of the Yasin, Sanjawi and Zamzama North petroleum concessions. </font></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: normal 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: normal 10pt Times New Roman, Times, Serif">On March 27, 2012, the Islamabad High Court issued its final order (later clarified as to certain arbitration procedures by a clarification Order dated April 4, 2012). The Court directed the parties to proceed to arbitration in London, UK under the ICC Rules of Arbitration and further reaffirmed the continuation of the pending temporary injunctions against Hycarbex&#146;s potential transfer of interests in the concessions prior to final resolution in the arbitration forum. Our application for the appointment of a receiver was neither granted or denied, but was instead deferred by the Court to the arbitration forum. Hycarbex appealed the March 27, 2012 Order asserting that litigation should not have been initiated by American Energy without first going to arbitration, asserting that our claims to 18% of gross production revenues were premature (despite already having made some payments toward that production interest) because a &#147;commercial discovery&#148; had not yet been declared, and asserting that the injunctions had the effect of enjoining all of the working interest, not just a portion. American Energy countered with an appeal that the Court should reconsider the application for a receiver due to an existing arbitration rule which would prevent the arbitration forum from granting interim relief of that type, irrespective of the merits of such an application. These appeals are expected to be docketed and resolved during the current fiscal year or to become moot by virtue of the ICC Order granting interim relief announced September 25, 2013, discussed below, and by virtue of the actual commencement of the scheduled final arbitration hearing in February, 2014.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 22.5pt; text-align: justify"><font style="font: normal 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: normal 10pt Times New Roman, Times, Serif">On April 10, 2012, pursuant to the terms of the March 27, 2012, Islamabad High Court Order, we filed our claim with the International Chamber of Commerce (&#147;ICC&#148;) International Court of Arbitration. In this claim, we are seeking an order which voids, <i>ab initio</i>, the original 2003 Stock Purchase Agreement under which Hycarbex&#146;s parent company acquired the stock of Hycarbex (and thus the underlying Yasin concession owned by Hycarbex) and in conjunction therewith, seeks the recovery of any financial dividends or advances which may have been made by Hycarbex to its shareholders. Alternatively, our claim requests the declaration of a 25% carried working interest (and the in-country registration of same) to which is attributed 18% of gross production free of taxes and costs, plus the recovery from the respondents of all accrued, unpaid production revenues. The request in our arbitration claim for a voiding of the original Stock Purchase Agreement is based upon our assertions in the claim that Hydro Tur, Ltd., the original purchaser of the Hycarbex stock under the 2003 Stock Purchase Agreement, fraudulently misrepresented to American Energy that &#147;no current or past shareholders, officers and/or directors of [American Energy] or Hycarbex have any interest, direct or indirect, in the ownership of [Hydro Tur, Ltd.].&#148; The 3-arbitrator panel has been appointed and has scheduled the final hearing in this arbitration for the month of February 2014.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: normal 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: normal 10pt Times New Roman, Times, Serif">In February 2013, we filed an Application For Interim Relief with the ICC which was heard by the tribunal on June 13, 2013. By Order dated September 25, 2013, the ICC granted all requests made by the Company against Hycarbex American Energy, Inc. (&#147;Hycarbex&#148;), Hycarbex Asia Pte, Ltd. (&#147;Hycarbex Asia&#148;) and Hydro Tur, Ltd. (&#147;Hydro Tur&#148;) in its Application For Interim Relief filed with the ICC in February 2013 and presented to the ICC in a hearing conducted June 13, 2013. By Order dated September 25, 2013, the ICC granted to the Company all requested relief and therein ordered Hycarbex, Hycarbex Asia and Hydro Tur to do the following within fourteen (14) days of the Order: (1) to produce to the Company the records of production and sales from the Yasin petroleum concession in Pakistan for the period August 2011 through the date of the Order and to continue to do so pending further order, (2) to pay to the Company 18% of all sales proceeds of hydrocarbons received by such parties between August 2011 through December 2012, (3) to pay to the Company 18% of all sale proceeds of hydrocarbons received by such parties between December 2012 and the date of the Order, and (4) to direct the purchaser of the hydrocarbons to pay direct to the Company 18% of all future sale proceeds during the pendency of the arbitration proceedings. The ICC further ordered that in the event that Hycarbex, Hycarbex Asia and Hydro Tur fail to produce to the Company the production and sales records for the period August 2011 through December 2012 within the fourteen (14) days following the Order, that such parties are ordered to pay to the Company $1,436,137.81 as an approximate interim amount pending the determination of actual sale proceeds from the actual records. The ICC further ordered that in the event that Hycarbex, Hycarbex Asia and Hydro Tur fail to produce to the Company the production and sales records for the period December 2012 through the date of the Order and continue to do so, that the arbitration tribunal will consider an application from the Company for a further Order as to an approximate interim monetary amount pending the determination of actual sale proceeds for such period. The Order of the ICC is not appealable to a court or other tribunal. Under Pakistan&#146;s Arbitration Act of 1940, international arbitration orders are enforceable in the Pakistan courts.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: normal 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: normal 10pt Times New Roman, Times, Serif">Subsequent to the ICC Order, Hycarbex produced certain sales records and other records of Hycarbex but Hycarbex and Hycarbex Asia failed to pay the ordered monetary sum. Hycarbex and Hycarbex Asia also requested a modification of the Order granting interim relief. The Order was not suspended by the ICC while this request was under consideration. By communication from the ICC dated February 4, 2014, the modification requested by Hycarbex and Hycarbex Asia was denied by the arbitration tribunal. The Liquidators for Hycarbex Asia appointed in 2013 in the pending insolvency proceedings for Hycarbex Asia in Singapore replaced their legal counsel and then requested a stay of the arbitration proceedings on February 12, 2014 from the English High Court of Justice, Chancery Division. However, this request for stay of the arbitration proceedings was promptly denied by the English Court </font><font style="font: 10pt Times New Roman, Times, Serif">and the English Court ordered the Liquidators personally to pay all of the Company&#146;s costs to defend the application, initially estimated to be $36,000.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: normal 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: normal 10pt Times New Roman, Times, Serif">On February 17, 2014, the arbitration proceedings commenced before the 3-arbitrator tribunal with the first order of business being consideration of another request to the arbitration tribunal by the Liquidators of Hycarbex Asia for suspension of the proceeding or, in the alternative, a postponement to permit newly appointed legal counsel to prepare a proper defense to the Company&#146;s claims in arbitration. A complete suspension was rejected by the Tribunal. The Liquidators voluntarily offered to pay interim costs of $50,000 toward the actual costs determined by the Tribunal as caused by the request. The Company has opposed the postponement and indicated that any consideration of same must be conditioned upon protection of the disputed assets and adequate measures to assure payment to the Company of the monies due to the Company under the September 25, 2013 Order granting interim relief. The hearing on these matters is expected to continue through the week of February 24, 2014.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#146;s financial statements have been prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. Accordingly, the financial statements do not include any adjustments related to the recoverability of assets or classification of liabilities that might be necessary should the Company be unable to continue as a going concern. At December 31, 2013, the Company&#146;s current liabilities exceeded its current assets and it has recorded negative cash flows from operations. In addition, the collection of the Company&#146;s oil and gas sales receivables have been delayed and are subject to the final outcome of the litigation previously mentioned in Note 8 to these financial statements. The preceding circumstances combine to raise substantial doubt about the Company&#146;s ability to continue as a going concern. Management expects to continue to be successful in future capital raises, if necessary, to continue operations until current oil and gas receivables are collected. In addition, revenues from the Pakistan petroleum concession continue to accrue on a monthly basis.</p> <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Three Months Ended</b></font></td> <td nowrap="nowrap" style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Six Months Ended</b></font></td> <td nowrap="nowrap" style="text-align: center">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td colspan="2" style="text-align: center"><font style="font-size: 10pt"><b>December 31,</b></font></td> <td nowrap="nowrap" style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td colspan="2" style="text-align: center"><font style="font-size: 10pt"><b>December 31,</b></font></td> <td nowrap="nowrap" style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td colspan="2" style="text-align: center"><font style="font-size: 10pt"><b>December 31,</b></font></td> <td nowrap="nowrap" style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td colspan="2" style="text-align: center"><font style="font-size: 10pt"><b>December 31,</b></font></td> <td nowrap="nowrap" style="text-align: center">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>2013</b></font></td> <td nowrap="nowrap" style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>2012</b></font></td> <td nowrap="nowrap" style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>2013</b></font></td> <td nowrap="nowrap" style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>2012</b></font></td> <td nowrap="nowrap">&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td nowrap="nowrap">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 52%"><font style="font-size: 10pt">Income (numerator)</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid"><font style="font-size: 10pt">$</font></td> <td style="width: 9%; border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">45,318</font></td> <td nowrap="nowrap" style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid"><font style="font-size: 10pt">$</font></td> <td style="width: 9%; border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">42,224</font></td> <td nowrap="nowrap" style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid"><font style="font-size: 10pt">$</font></td> <td style="width: 9%; border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">119,882</font></td> <td nowrap="nowrap" style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid"><font style="font-size: 10pt">$</font></td> <td style="width: 9%; border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">129,329</font></td> <td nowrap="nowrap" style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Basic Shares (denominator)</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">47,388,601</font></td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">41,212,762</font></td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">46,102,188</font></td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">40,081,711</font></td> <td nowrap="nowrap">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Fully Diluted Shares (denominator)</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">52,248,601</font></td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">43,572,762</font></td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">50,962,188</font></td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">42,441,711</font></td> <td nowrap="nowrap">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Basic Income Per Share</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">0.00</font></td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">0.00</font></td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">0.00</font></td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">0.00</font></td> <td nowrap="nowrap">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Fully Diluted Income Per Share</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">0.00</font></td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">0.00</font></td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">0.00</font></td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">0.00</font></td> <td nowrap="nowrap">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></p> <table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Three Months Ended</b></font></td> <td nowrap="nowrap" style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Six Months Ended</b></font></td> <td nowrap="nowrap" style="text-align: center">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td colspan="2" style="text-align: center"><font style="font-size: 10pt"><b>December 31,</b></font></td> <td nowrap="nowrap" style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td colspan="2" style="text-align: center"><font style="font-size: 10pt"><b>December 31,</b></font></td> <td nowrap="nowrap" style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td colspan="2" style="text-align: center"><font style="font-size: 10pt"><b>December 31,</b></font></td> <td nowrap="nowrap" style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td colspan="2" style="text-align: center"><font style="font-size: 10pt"><b>December 31,</b></font></td> <td nowrap="nowrap" style="text-align: center">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>2013</b></font></td> <td nowrap="nowrap" style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>2012</b></font></td> <td nowrap="nowrap" style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>2013</b></font></td> <td nowrap="nowrap" style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>2012</b></font></td> <td nowrap="nowrap">&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td nowrap="nowrap">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 52%"><font style="font-size: 10pt">Income (numerator)</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid"><font style="font-size: 10pt">$</font></td> <td style="width: 9%; border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">45,318</font></td> <td nowrap="nowrap" style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid"><font style="font-size: 10pt">$</font></td> <td style="width: 9%; border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">42,224</font></td> <td nowrap="nowrap" style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid"><font style="font-size: 10pt">$</font></td> <td style="width: 9%; border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">119,882</font></td> <td nowrap="nowrap" style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid"><font style="font-size: 10pt">$</font></td> <td style="width: 9%; border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">129,329</font></td> <td nowrap="nowrap" style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Basic Shares (denominator)</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">47,388,601</font></td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">41,212,762</font></td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">46,102,188</font></td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">40,081,711</font></td> <td nowrap="nowrap">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Fully Diluted Shares (denominator)</font></td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">52,248,601</font></td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">43,572,762</font></td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">50,962,188</font></td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">42,441,711</font></td> <td nowrap="nowrap">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Basic Income Per Share</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">0.00</font></td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">0.00</font></td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">0.00</font></td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">0.00</font></td> <td nowrap="nowrap">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td nowrap="nowrap">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Fully Diluted Income Per Share</font></td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">0.00</font></td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">0.00</font></td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">0.00</font></td> <td nowrap="nowrap">&#160;</td> <td>&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">0.00</font></td> <td nowrap="nowrap">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The basic income per share of common stock is based on the weighted average number of shares issued and outstanding during the period of the financial statements. Stock warrants convertible into 4,860,000 shares of common stock are included in the fully diluted income per share calculation.</p> EX-101.SCH 5 aegg-20131231.xsd XBRL TAXONOMY EXTENSION SCHEMA 00000001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Balance Sheets link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Statements of Operations (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Statements of Cash Flows (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000006 - Disclosure - General link:presentationLink link:calculationLink link:definitionLink 00000007 - Disclosure - Basic Loss Per Share of Common Stock link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - Revenue Recognition link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - Common Stock link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - Investment in Oil and Gas Working Interest - Related Party link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - Other Contingencies - Litigation link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - Going Concern link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - Basic Loss Per Share of Common Stock (Tables) link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - Basic Loss Per Share of Common Stock (Details) link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - Income Taxes (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - Investment in Oil and Gas Working Interest - Related Party (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 6 aegg-20131231_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 7 aegg-20131231_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 8 aegg-20131231_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Document And Entity Information Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Is Entity a Well-known Seasoned Issuer? Is Entity a Voluntary Filer? Is Entity's Reporting Status Current? Entity Filer Category Entity Common Stock, Shares Outstanding Document Fiscal Period Focus Document Fiscal Year Focus Statement of Financial Position [Abstract] Assets Current Assets Cash Prepaid expenses Total Current Assets Property and Equipment Office equipment Leasehold improvements Accumulated depreciation Net Property and Equipment Other Assets Investment in oil and gas working interest - related party Oil & gas sales receivable Security deposit Total Other Assets Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts payable Security deposits Note payable Accrued liabilities Total Current Liabilities Total Liabilities Stockholders' Equity Common stock, par value $0.001 per share; authorized 80,000,000 shares; 47,942,949 and 45,242,949 shares issued and outstanding, respectively Capital in excess of par value Accumulated deficit Total Stockholders' Equity Total Liabilities and Stockholders' Equity Common Stock Par Value Common Stock Shares Authorized Common Stock Shares Issued Common Stock Shares Outstanding Statements Of Operations Revenue - Oil and gas royalties Expenses Administrative salaries Legal and professional General and administrative Office overhead expenses Depreciation Total Expenses Net Operating Income Other Income and (Expense) Warrant settlements Interest expense Total Other Income (Expense) Net Income Before Tax Income Tax Net Income Earnings per Share Basic Fully Diluted Weighted Average Number of Shares Outstanding Basic Fully Diluted Statement of Cash Flows [Abstract] Cash Flows From Operating Activities Net income Adjustments to reconcile net loss to net cash (used in) operating activities: Warrant Expense Changes in operating assets and liabilities: (Increase) decrease in oil and gas sales receivable (Increase) decrease in prepaid expenses Increase (decrease) in accounts payable Increase (decrease) in accrued expenses and other current liabilities Net Cash (Used In) Operating Activities Cash Flows From Investing Activities Cash Flows From Financing Activities Proceeds from the issuance of common stock Net Cash Provided By Financing Activities Net Increase (Decrease) in Cash Cash and Cash Equivalents, Beginning of Period Cash and Cash Equivalents, End of Period Cash Paid For: Interest Taxes Notes to Financial Statements Note 1 - General Note 2 - Basic Loss Per Share of Common Stock Note 3 - Revenue Recognition Note 4 - Common Stock Note 5 - Income Taxes Note 6 - Investment in Oil and Gas Working Interest - Related Party Note 7 - Subsequent Events Note 8 - Other Contingencies - Litigation Note 9 - Going Concern Basic Loss Per Share Of Common Stock Tables Basic Loss Per Share of Common Stock Basic Loss Per Share Of Common Stock Details Income (numerator) Basic Shares (denominator) Fully Diluted Shares (denominator) Basic Income Per Share Fully Diluted Income Per Share Income Taxes Details Narrative Net operating loss Investment In Oil And Gas Working Interest - Related Party Details Narrative Oil and gas royalties Payment received on oil and gas royalties Oil and gas receivables Investment in oil and gas working interest - related party Numerator for the income. Increase (decrease) in accrued expenses and other current liabilities Investment in oil and gas working interest - related party Shares issued for payables at 0.71 per share amount. Oil &amp;amp;amp;amp;amp; gas sales receivable. Outstanding and excercisable shares. Security deposits Warrant settlements. Oil and gas royalties. Payment received on oil and gas royalties. Oil and gas receivables. Assets, Current Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment Property, Plant and Equipment, Net Other Assets, Noncurrent Assets [Default Label] Liabilities, Current Liabilities Stockholders' Equity Attributable to Parent Operating Expenses Operating Income (Loss) Interest Expense Nonoperating Income (Expense) Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest Weighted Average Number of Shares Outstanding, Basic and Diluted Net Cash Provided by (Used in) Operating Activities Net Cash Provided by (Used in) Financing Activities EX-101.PRE 9 aegg-20131231_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE EXCEL 10 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx M4$L#!!0`!@`(````(0#6Z)&QI`$``*$-```3``@"6T-O;G1E;G1?5'EP97-= M+GAM;""B!`(HH``"```````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M``````````````````````````````````````#,EUU/PC`4AN]-_`]+;PWK MBHIH&%SX<:DDX@^HZQEKZ-JF+0C_WJY\Q)`)(9+8FS5;>][W62_>G#,8+6N1 M+,!8KF2.2)JA!&2A&)?3''U,7CI]E%A'):-"2>D_KTD,"(N2Q_7!QBM'5&O!"^H\*5Y(MN?2V3BDOC*_-78SB#9$R->Z6UQ\!+@;^4F7TJ-4L/B[10JK+D!3!5S&M_`ZG5 M!BBS%8"K11K6M*9<;KD/^(?#%H>%G!FD^;\@?")'-Q*.ZT@X;B+AN(V$HQ<) MQUTD'/U(..XCX2!9+""Q)"J))5))+)E*8@E5$DNJDEABE<22J^2_@M7Y!AAP M>/X]08+,D0[,NI4`>^;47(L>]=J M>*V?5@^@8B)G:13'&HX<85?=WFQ?>*24FV+7^ZBRBXL:NI3\(V(T'4\4"_'L M)MI<3_3_MCAQ(DN) MT$C@\SS?BG-`Z^N!+I]HJ?B]SCSBIX3A363X8<'%#U1?````__\#`%!+`P04 M``8`"````"$`N8RL#GP!```L#```&@`(`7AL+U]R96QS+W=OUM?TCYZ:HL1-FI'J4;F>O=">L6^J*]Z(X MB`IYEJ8SKG_G8.N+G,FVS)G>EJ[^[MB[RO_G5OM]4^"3*MX[E/9*"?ZI],'4 MB-8E%;I"FS,?,ORTLQ@YQ8Q?%P/CR&I@3,J)#0=(.K'AD&PR"&F5J87&\M5J M-Q=F:)Z+,.74/*08W[*#$!\Z=_&<$@-99#60D7)BPP&23FPX-)M9;*MFE%69 MNQ["G<;&'EMWG?BC^&=-U0\ZTWYF!@4^=!XCH,3$MH9T!J*C(=E,0_:)=^5O MHZ:441!;#=!R@@[1#7`@)>DL0WIEW( M65)B(#8:\&SXQ1M__0T``/__`P!02P,$%``&``@````A`!+80%J7`@``<@8` M``\```!X;"]W;W)K8F]O:RYX;6R,5=MNXC`0?5]I_R'R^S8)]*Y"I;:41:H* M*KT\6FXR$*N)G;4=+G_?<1#IA$AHGX(O2!=8)E8I<*QBP+5AV._S]ZV:MS=>GUE\!`B@[8)ESY748 MVB2#0M@378+"DX4VA7"X-,O0E@9$:C,`5^1A+XK.PT)(Q78(U^9_,/1B(1-X MT$E5@'([$`.Y<%B^S61IV?!F(7-XWW44B+)\%@76ONVO(K7;9M7'`M;UT8=,78;G410U>W]!+C.WWT3XD.#7#&*>^ANH MNKT](QR5XB/EI-ORB=JQ+S5*Z%F?8&>Z$0V*5LUPO^+0$LY.4ORE1I03E ME*"<'E;21KD7-N./J++MH"#1#0MGARAC4)B>EAY?D?NUW+3V.V%EPI^TM7P& M!LE#`GP7][HH--J[8<`[H$E[<9CV!5:@*N`OD.BEDM[1-)8*=WD8NTO%YTXG M7S2(ZG9U!=UX`?Q4;?-.D2BI4''6C5OAJO%1<*CZ5>6VYL;#\`R<"Q:%2 MQ1VOS:M/"_\JCS/"QMMVH_K$'<--T5T&Z46;JR5.*PF6/R%AR]HSM(1S0GC< M,=U88[S'2<"TN+Z@81V7'=<;=?H1'(=G(WC<,=IQ(-2N`8I;C70<2)7D#^"$ MS"U_%L8_HA50G%9G'0M.U#%M:6=QJ[/:CV%=+"<8V.F,L()>[_[ZS+#8[@XW)2Q*S'X;YS@P[X\WSI^_ET?J6UTU1G=8V M6SBVE9^R:EN<]FO[G[^_/`6VU;3I:9L>JU.^MG_DC?WIY>>?GM^K^FMSR//6 M`@NG9FT?VO:\6BZ;[)"7:;.HSOD)5G957:8M?*SWR^9L1=']G;II=;'V/[-5PCU[^?+C?(G]OC+^MYE"]_U(7V]^+ M4P[1ACRI#+Q6U5>%_K95E^#FY>CN+UT&_JRM;;Y+WX[M7]7[KWFQ/[20;@\4 M*6&K[8\X;S*(*)A9:#>RZ@@.P$^K+%1I0$32[]WO]V+;'M:VD`O/=P0#W'K- MF_9+H4S:5O;6M%7YGX:8".,+'GC,DX^M++5'G<`X;=.7Y[IZ MMZ!JX)G-.54UR%9@^:),^W'5>D\JN*>,?%96UK9O6Z"B@?Q\>Y'N\_(;A#3K MD>@&XF%D.S,^6@M1H)ND*$=TR($`,;!#BARTE=Q28@N>MZY!$)`ICT M@L$"D@;OU'QI"B:9(YY'&H&G7]73S#TDXH=$,D4@>?(C\A2,,^<[.#&11F27 M.>:X04C>J@T&F.^0Q,0FP,&$H&\=`ASI.P.`I,%N-C]S"B;2AH+H-K-((UJ: M%_HN6=^8ZX$GJ-^QN0Y]PZ/*$P2((/2&X")A:BHQMOSIO5'!1-@0+RU,(UJ8 M##R7%J2Y[D)"B/#87&?<<3V!BR(Q@8";-8%TA1_1I6"BBSPVTHC6)1SA$[\W MYCJ3H3.$6W+F&:T0->7[BAU)B!%0#M_ MC"PP[OJ"!#'!A"=X,!0VEJ?Z^WQY>AJ`G]?.Y0\5KW<2-C4Q=,CF,1(_1I)) M!(M4C7Z^2#T6H!R2%$5,,V8+]TF7W_2,SO,3"Z5+0A7/L)),6<$B5;^?+U)/ M!Z9(HT3Z3&JF%P`3V%!#?1X1P$+:Z&/U_>JZ23VYT!%)5R"`<(8W&8M3#7^^ M.#T>(''#Z]V+,T>(IUOB,,"D2YR/&2)NJ4,`%Z$W>('EJ;8_7YX>$I`\VL^9 M.4A`-V:D@C<8X)P/D>\"%".`L3`(R#,23/!0\.$5P/)4\Y\O3X\*2!X)?<0T MXW8SYJ@L)Q;CJ3N3.XM8C&KY\\7H`0&)(9&.F&;T5YV;N4+`K5R9P.U<(6(B M5_Q#DTI'XV\[`>E%4<^8>R5!-H^1^#&23"(HA_Q#4TM'XZDEH$V]9W0.:4%. M+<93B\F=12P&BFM^07)%$S&D+T4],-G!S,9ZZ,[FSB,60>42=90DHR>DO M.'P\EP1DPXMZ9K(,'XXN\6,KR22"Q:HI8O96PA5-,CCWN_LS5:26Y'K$5G*&.K\=P/-Y=7UYO@-/I<[K/_TCK?7%JK&.^@T_[/Q\C\```#_ M_P,`4$L#!!0`!@`(````(0!9\(-&5P,``%0*```9````>&PO=V]R:W-H965T MTT[;_?,2XIAC3-;MI@/WY]WG,,Q_/;Y[)PGJB0C%<+%XU\UZ%5RC-6 M[1;N[U_W-['K2$6JC!2\H@OWA4KW=OGYT_S(Q:/<4ZH<4*CDPMTK5<\\3Z9[ M6A(YXC6M8";GHB0*'L7.D[6@)&L6E86'?3_R2L(JURC,Q#4:/,]92A.>'DI: M*2,B:$$4Q"_WK):M6IE>(U<2\7BH;U)>UB"Q9053+XVHZY3I[&%7<4&V!?A^ M1F.2MMK-PT"^9*G@DN=J!'*>"73H>>I-/5!:SC,&#G3:'4'SA7N'9IO8]9;S M)C]_&#W*SF]'[OGQBV#9-U912#:421=@R_FC1A\R/02+O<'J^Z8`/X23T9P< M"O63'[]2MMLKJ'8(AK2O6?:24)E"0D%FA$.ME/("`H"_3LGTR8"$D.?F_Y%E M:K]P@V@43OP``>YLJ53W3$NZ3GJ0BI=_#81>I8P(?A6!%:\B"(]P'*(P^EC% M,Q$U!A.BR'(N^-&!0P-[RIKH(XAFH-PZ,W&.X]04[35V8U9*+01M8MHC.H=9-VH*-K+]FTA"X?6#KY@FQU?9VO5!N^ MAG7X[;XK,P#:)S_8WG<])*+(1I(ATA/9#(F.B&4GL.WH,@5PC"_;THN`Z[A` MX=0.JH10_]09)F[.Y#@,^O-K M:QYC/+;SDW3G$9K&<;^&%H"G`7[+L.4,7J[KG6FXYPS[=F0KPT3&V22(X\A' M-K*V$(01GD2]\!,+B9"/4=Q+X<9"?#]&$_2VD>4Q^A^/&NY[?--MWO^588S' M$(ISQF,7&0?AY(S'+A+ZT^B,QRXRQN/Q^Q[A(W=]'37<]]BKP,HPYH3V:KR^ M,)=%N>3"'/1TO6]?T_@PW=HT MLY**'5W3HI!.R@^Z$P?P7IQ&3Y>$.ZR_\;WQ%9I!YQF.)W"I:,:]TP)HZC79 MT>]$[%@EG8+FL)4_FL`K(LRUP#PH7C>M=6P_1O*,6ZC>M&,R9)MD].$GU=C<\,"4'0&Q$)^QQ@F(D6?;:]$K330>^ M#]&,LC-[.MS@I6!:&57;`'#$%WKK^8D\$2"5>27`@6L[TKPN\$N4+1-,RGSJ MSW?!1W/UC$RKQ@]:5)]$SZ'9,"8W@(U26R=]K=PK""8WT>MI`&\:5;RFN\Y^ M4>-'+IK6PK13,.1\9=5QQ0V#A@(FB%-'8JJ#`N"*I'";`0VAA^D^BLJV!4[F M0?H8)A'(T88;NQ8.B1';&:OD#R^*3B@/B4\0N)\@41S$BS1*Y_^G$%_19'!% M+2USK48$2P,YS4#="D89D)VS!/KS=V=@R<6\N*`I%-0&IK$OHWF8DSVTD)TT MRUM-?%$02'ZI`+)>5_#OS$X,%6)TE3FZ<*?JEEXSN]*D%\5OF0%S?V8G+C"P MKS+_\UBZLCL,9RG<9+\D=KOF!_!0!O^F>I&]`9UO`9P&#S"0FB_8?Y@ MU3"U>J,L;,;TV,*/@,,&PO=V]R:W-H965TOSSG/<:L[U[J"CTSJ;AH4NP['D:LH2+C39'B7S\?;VXQ4IHT&:E$ MPU+\RA2^VWS\L#X*^:1*QC0"AT:EN-2Z7;FNHB6KB7)$RQIXD@M9$PU#6;BJ ME8QDW:2Z<@//B]V:\`9;AY5\CX?(W>#"ON94"B5R[8"= M:T$O:UZZ2Q><-NN,0P4F=B19GN)[?[6+L;M9=_G\YNRH1M=(E>+X2?+L*V\8 MA`UM,@W8"_%DI%\RS'[L&?)Z3'$8.U'BA3[(T9XI_X/9>R\5H3=( M)B20T)C$I+5X.DOE_Z,;:+PXB0*S\V?L$%68[9^M5UG-)/FC/&48&LU M<<<8>N'RW+\NWYU]#IQ#G>PF;6D8-^(+'BC4,5R MF.HY"20C[79H!UJTW:ZP%QJVL>ZRA+\6@T_)&PO=&AE;64O=&AE M;64Q+GAM;.Q93V_;-A2_#]AW('1O;2>V&P=UBMBQFZU-&\1NAQYIF9984Z)` MTDE]&]KC@`'#NF&7`;OM,&PKT`*[=)\F6X>M`_H5]DA*LAC+2](&&];5AT0B M?WS_W^,C=?7:@XBA0R(DY7';JUVN>HC$/A_3.&A[=X;]2QL>D@K'8\QX3-K> MG$COVM;[[UW%FRHD$4&P/I:;N.V%2B6;E8KT81C+RSPA,S*A/D%#3=+;RHCW&+S&2NH!GXF!)DV<%08[ MGM8T0LYEEPETB%G;`SYC?C0D#Y2'&)8*)MI>U?R\RM;5"MY,%S&U8FUA7=_\ MTG7I@O%TS?`4P2AG6NO76U=VJ^>?__J^5/TZOF3XX?/CA_^=/SHT?'#'RTM M9^$NCH/BPI???O;GUQ^C/YY^\_+Q%^5X6<3_^L,GO_S\>3D0,F@AT8LOG_SV M[,F+KS[]_;O')?!M@4=%^)!&1*);Y`@=\`AT,X9Q)2"M.69EN`YQC7=70/$H`UZ?W7=D'81BIF@)YQMAY`#W.&<=+DH-<$/S M*EAX.(N#UO5D"53,+2L?VW9`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`E>\,`U!!7?4 MYK\@A_J_S3E+PZ0UG"35`0V0H+`?J5`0L@]ER43?*<1JZ=YE2;*4D(FH@K@R ML6*/R"%A0UT#FWIO]U`(H6ZJ25H&#.YD_+GO:0:-`MWD%//-J63YWFMSX)_N M?&PR@U)N'38-36;_7,2\/5CLJG:]69[MO45%],2BS:IG60',"EM!*TW[UQ3A MG%NMK5A+&J\U,N'`B\L:PV#>$"5PD83T']C_J/"9_>"A-]0A/X#:BN#[A28& M80-1?F#R`Y+<^NT^PU\#X_>5ZF@8@HG>I/6;:^ZO52]\D+G?1]O/8B^&45 M)Z&3P6'RV$O7B>C*"`F=Y'FSOG#C<.UD_L(/ M_.R5R=*UT+WZ^!C%B;,(`.K+P'+<0C8[V!$?^FX2I_$J>P_B>O%JY;O>+LI) M;](#23?7T2:TPRS5W'@395/=*$]I_)>/RZE^J6O[O_W\K=XKU!"9P$&SS/?]1K'P,Y?"5GS;P!`N,_+K0!YKP9(]K.*^>!:(I;!HC#,$F$\]0 MFT(PR<&3S38YO^RQ2=`U/*SK&/\)NI@5S79UIFLW+G9\>(RNDBNB)WE<3'7; MAAPRZ/?1K92P$RF;S/N@[VS*+H=GL\RT37O4J65"+.[RA@I-NTM7'E!H?QC= MGLV=W2NKLRY/P^?J`=CANO6B#UVWH7^/;/R<(T[./*"=AC$F54CZK.M5N?'! M#[U4N_>^:C_%H1.A8^F@QJX6QF0A\+H7+]#?I7AF1`K6^4%0SMC,(,R^);#C0\N\/KVN8T40PST6W]/AU!ZY^3)S7@<'&=;D&:1SX2T3Q.&?S MJ'PV?,[II<@DT51(]2VYZ,3"+V;3>;=(YU/)ET+-6SX="STPQ`_'0NU MX;]Y9S[-,YG5%+@4 MZLQ-NPB&@&!BCB>7!@#I6V.FZJP(3``P&@['P\'$L.!_ECI/CZ!KGPYUU:P2 M!(I8)0@4L4Z`*H;BO$@2*6"4(%+$ZZC@#CY2S2A`H8I4@4,0J M*QAUV%>ANJ>XKQ($BE@E"!2QVMGD,\_`$^6L$@2*6"4(SLUJL:R:W]W9K'RP M.S/K;'Z?09E0->"^X2I. MI:',>A:N)JR1U1]90^.2+]@Z4AUZ2W\3[EI7ZMX;E^!&].UAPXD/HU))'@Y5 MY:J'+.3T2;9@5#.F)1M`3!0A(=FB"QNK*JZLC:2%G(VD@:2-I(6LC=!U]G6N MPI/+>`,[BML$V_:XW^<%,UD]S0()\#T1LQ\$:;/KSX--]GCT8)NVMD)^V>D; M,P,_;':\Q](#+7;M/-!@CY4'6LC:*,9-P:X@O"Q=8'K>@V3+W\+E;X,!BGA# M@H=D^#P]81V?5_*ELYUH[8Z:+4NZTB-K!?$M0-LW*.:C(PRVKA<$GW'X^^>J M''&AB'5S_;(BV^YP+P3N2^.N/GZ%2G'^E8^N_`!TU34R:AMISGH=O-YOPH67 MV.P&"::"G<6*='4T8]."ZOA#X#]&H0I`L8*H]`&FCR2'=127(NZ*P`-'MDUN$\A`0%IB+5$`". M$@B$B(&B\7=`,2@:@6DT*!J"*01A##YCGZ!,"".D(@R`1TFOJ.8)`V'$.*,; M"`15&9)$@Z$J15(,JG)D186A*D42"*HR)&5"58JD&%3E2$*%JA1)((!'E&1( MRH2J%$DQJ,J1%16FJA1)(*C*D(0)\\0ILD?+IKR(2NJGH+V^%`H$% M5@<+J8.Z11/(*IKSU1-?.0(7;"U%EM+X,)-3U$ZUISCQ?X-%)C[4Y$(QU4MT M?`@N\UUZYFOBK!^\%UB*\EV>E]51!A[`5.F'2K:NM5'>N7^.P"+!]`%''+2< M+>H/%N:W(D,LMA^,D(,@L+BC&@/Z.L?0>0ATU$6PYZIV$PR2RC%0JA!/7G.& MT\(-0 MYP[8EP<.)L<:IYC;"ZBF<.>%^.,3M106K$/*@YGEQ=#CP9%1A#(G.FH7W/[! MS(9$BW,5'M*B_Z0A4[[9G1;M4DF]%9(>ENSCCGDXG[FE#%O8$J:EEYTD0-"_8L)C?(]5D>JURVIG>-),=U`7K M@='G>$2L.`+E$')SF7AK65D\T?!I;'A[3/^/VH7VP<4^6:8FQ+_8^`$\$()^ MQ,*6"S/Z.)SQDWDIHDE6&78&YF8B"X:!MK)``N?1P&(GD04]KJTL4,]EF6`M MD07WW;66!07H7!:6HBM<%BPWV^*")KDLT?=#2=];^WADFS85+C19!A>55?&( MXS>1!2:WE57Q",1166!R6UD5CX"0R+)`25M9%8_``I4%X=965LFCA:FH\M=0 MTO>7>WD48Q4KK#*XJ*R*1S%63"ZEX@Z^$1_A^DS&1UQ*Q9H8Y:9DE',I M%5]B?%N2\M22].W.61=85`P;'&1D8\)XQ=Q/` M^]]B?'L+I20]>>ZS-H<;PDM!8G_`851&T-W+.G`B)XN35PUW M#4IQ(NE#27%_B>/21Z($`PYE`/T`[]J#U_AIX!?N(3&&L6+<1DS9%T3WX"U$ M;<1`:XY&C#^L&[01`ZVY&#&IXOQ)1LS':+TI&1)S*0[=,B(^^=&SMQ0C1_2P M`2!E)-U[FRQQRO@3NY0AZ9A[?(R@E"&F"/Y>G>*9AWS^>0]/#11.Q!T5TG=P M[2D#_&^;C+@16Q$AAF1>>O`S>+:JZ,2""(0E@^,AAIV\4L161I&4\0\GB;"W M"%UW*T9K+*KV16'VOWRI'BEA?L_P;93L89-R/0".6GHK9Q-D#^6/4[WZ_E?V MU"($4W[5C_Z7.&,BIGKU_1,^#@J]&$HUD&X^I?"((?S5-HD_U?][-QM-;N]L MXV+\6I,]@I/V!D= M6%=I`"_03')C<_"?JW-3G1QP^.P9,(`-9>W"B%Y:OEKTYO\```#__P,`4$L# M!!0`!@`(````(0"^6A9I]1T``,96```4````>&PO5AN\'F'?8$)01!;0HGG1R9`44)=E*9$D1Z1B>8"Z*W46R[.JJ M3AU$T5=YC0%F@#Q+'B5/,M^_]MY5U=7=%.TD`\P$L4VR=^W#.OSK7VOMZJ>_ M^33/W<>TJK.R^/+6[O;.+9<6TW*6%>=?WOKVY-6]Q[=+>HO;UTTS>*+^_?KZ44Z3^KM+=<6V9_:],C_9??AXUO/ MGM;9LZ?-LQ?EM)VG1>/8AGM9-%ESY5X7?GZV_?1^\^SI?0WUPQ^Z;\JBN:@9 M.DMGXT]?I--MM[\[<7L[N_OC#U^EI]MN]\`^/!A_V&WC\$;;N#-^/NS\0WJ> MU4V5<)ZWR3P=C[IS^,W+#Z^/#M^ZEV]??OCJ>_?5AW??OG=O3EZ,1X;YCI!, ME>1(9)9^^./NB.=7"U6=[*[<^_W&Y]XGU99*77, MW(ND67GX$(7-3&FO\N1\/,N=LR2O5YXY:JN*P[A763WE0-^G2;5Q_COW[NT\ MO+>_,Y[YM=1N%I*X[](\O_=C45X6[CA-:NQWYE[7=9M6OQD_=N=M.?[3<*8_ ME'E;-$EUQ=[R-8]W8^_4[D.Z**L&_W''3=*TM0O'6EWS^[0>+QKV;JNX(^1Z M7E:K"CV>)SG;&"QU5,X72;$R,DS'I_,2(33E],>).[Y(JK1V[]K&')N=CG?1 MF4701-#U*_QP9<=W?K_9JH:*7/\P3KCB9\^3/"FF*?L$+FJW]>WQ"W?[[GB/ MOVT+_'AGO1]'2SJL:Z88/WJ4U!?CO[VOTD62S5SZ"?2J5Q5S4C:8Y/7SOJ^` MO@IP,ISZ4YLMY`#CE=Z=G66<+MWT^1M,-;TH\YG+YHNJ_)AJDI4S'$[!Q#;' M0F9NE@*OTRQIUH#AV[1Q-]Q7GZR3'$ME\FGU,3O,51#A.IVTE MN.>(99VMR-)KY=TU._=9DJVI'S(I'M5LD5S?9X(J>WI9- MNNEA)J]:])=O7G_9[*[9J!]XS0!S?ID5L?Z.>XGUK2HGX$3M<0+]N8])WJ;N M]L[VSLZNP[A=+?#XM4O:YJ*LLI_8_>.="?%%__@/ZU^[@T>3)P=[_//$[.3@ MP60O_&J/URX3"L_LP[*'H0F64"_2:9-]3/,5RSE*%IE\$`-,/TW3NG;E&9(- M>QS;V;)_X'&;C.P]TH.;I$U&A+N["=N&>.UXQ/U!:A@? M<6E4`/7#3B\W&6W!<':3D=<$"T4YCU%2R#N,Q(!(P%TD[2P#H38>=/_&5&TE MR`R6?3=<=GR:#^G'M,"&[[EW`]BJRJLD7^?P+S?@_^%LGA7&VV2=`JZD6H,7 M;])S3%3X#W2?8:1`&)Y>7!,"O/5N M.I@"1%`:,/X:[K_*23W`^L_L<%MAMI6H_%U2&;,E[#;Y^LAUYZ]_^>M?QN=\ M'<-'B+_CS_T9EO:Q<0\Z4=CK\Y0L(74GR:?QA&'`FD_ZQ\?/O$RJ@EA',``( MS>'&(YXG=38=__%5F^=7[D66M[C"^,/OTNS\0D'\$!4GYZE[V\Y/F1Y7"BY] M8]<3K7&O\O+R1JXW&/VJ*N<#&S@4`*^-AA)-MM9"HMZ#78Q/>721%.=$>I$' M#Q#86F+DS.QI$`&_&#^[A:K('NOT+BS`_V3S#+SY"G9AINB[0^&`D:T@G&Z]BI!,SV@_@/W$;,>N*>DY$7\FQYW7O+ M:W_&T\J`KW_NO1*+5V6U8MH1]<:K@4JK5#0$C?'8MQ#,VC5EE!EAI0^-ZP:[ M76+AALE.4)S,VY))":2-(1P=4E\@,YJY,Z\<%B)_C*'_(B$JGJ9I0>##JRK& MG5Z9(4!3%J2F;M%6=:NJ!WN5@52MN+\T4J7GRF0(E<;I]&$@_D18&_'RT]00 MQ#'9'/+(T&UW1*Z5H.VL+P79X+.R;`K1[AEUA+RL6V6[A:I1PF'P*V]E9CRY M]B3=_H.K5S,SX\NLN7#G/G`S#5)*%\+M@`82UJ)B\FRA8_7BZ.56@NKSK-%# M:Z:NV^G%>IEL.ZEE>,JSED!$-R'UN=W M42-G.3R<7W)82O_AQ%U>9-.+B0Z@=XLR2K91LT(T[4>LD.OT\*V.\S),-KSB\'$V%>>0>:E=6-!10 M6$?J82O)C&0;2Y7ES9,?^>](GEB+PZQR&!;2X'0-\,7FSHE94E=SD6"V%^S] MII(^Q;[%UY`3!O!#6Q!3D9,9D58/3D&Y*%#D];:H<\F4[<15ROZ'YINA(,H@ M:5<&<8=%T>*7O@3E6!#4F?_U+Q3R?K<]B!=HH>T3?NZPJ4Z^XQTLS_NYT2<8P:E8L2R7U*(O(DAO_$5Z,V(@EV,D=L%? M9#N7D1H36HP:(Z9`C6M?PEQ?1G`S:D:8DN:`;*I*':QQ/=*8U;A+G[G4\E?6 M:S+*4?+VTAU,'C\,]4,Z M+<\+B/AJB\-L>A^;OL'8.,28V;!TU^7`.G)-;@ODE3F5%QU0&6<%'7-^E.*F M+_!Y@$!71`]M3R6@Y(S/E/'.6H]S%]3V2BJ4T-I.G<.E65#109`(0EI,,74% M6"1\:IENS6WWP?)UB]XR(EM>978_?0(*-6S(9_HRMWI%JI^%B`/$>=V@%]ZJ M?MOF5[[H/%G:1-E:<14*BJ[3[H_6%EQV'!8_$,&?XUJS[\ MAZ_Z;MJ4UZ_YZ!^^YEL5NZ]?],G/6G1OYQKQ!N1:R[7-OQY@$-<-$K1%@^UR M0E-P66&;(AP!\QKQ>5FZA@WYY*O#X^?N\/C(/3K8N;>[X_[VY_\:KOBW/__W MMAN/J=0Y$*7%02R%MH@=4T>8Z0)'3""3VDJ/>`.>ZCEW[%)I6+]/T71*[>FJ M`QT:.1^&,VNA+GO!!9Q'OMAG^1!P,!5PO1*DV!RW#QY-=AY2%-[?#[X_Y2PP M@U;H#^*"&BTMDK.V@;L[I*?2>]CDMGM;4@@X`YXT./G$@T5Z!F43:%@&(F2J MQ%IB)X(IP638VV`?#&X;JOX_>3+*#@K8#)M0&DG13BLB7C8P6_',Y79(K"M^ MQ93?A79(S.P,HGT[Y/VZ=H@9VD,SM&&'Y>^94I?N?1,_Z> MEPMCWF0N??CSCW$4+S@R%3/J(7'=7W:*68E09%V6%5HNK+Z>[+-.*^4S6`XF MG:E!W<*WJ][IG^SOW=O;?W#OP8[;XBSP1.+S,9B`&VR[AT_NFO?+]+4`(O4Q M5XM(*)JZ+M4;9.HN^PAGLWZ>IT8<9X.4!!;FU4R/8]&H8R9-/QP?0^]`T4$Z M3T>7,X;6R1V`TJDE93:Z^_A7[KP26HPIAVQ2FOJ>P$YQ9XD[O$]^A+DDE`.\ M&E;PR>1SC7)T-O(/B?[VWN3AD]W)DR>[]A"_[CQ\-'FPCSK15->8FA@_&I0? M>R(%G^G(S)6)K1,9#41KY.KAV_2M]Y_0N_;ID5R`@RT+-+9$/6*RLX>[DX649N&0O;]12 M"0R5#+PS2`* M,AHAO\[*XOJ)?XHR1H0^JI6G>78>2T=0*Y6'K$\M?AJ.L[PQH5.MPH?27O'( MCEEZ?KL"]L<M;O(_`\,^.?+W*`!3\'S]X0/"?#"L=HSW+O_&Q M++V4\U&3X685\@0P#;U"V775#(8:G/&(N5$OO4'][E)2]AQV>W@0I+4R[3*Z M!>*[.^H"RQZ&=-KHR";J"\^B2D.OD(Q@>?;3LJI*G?KV_@.?A)D!)K-JW(-?F0W!+G8?^X*&)`>1;ZZVM28>0/UB6)K!(O*2\;+Y/N19 MMWIOL@\4[.\?]+DBTH$O49L$/^/^44I(3T=*C)3_OGUL+LAC7=YYF:%70BO< M3FBPYU06\<&7OYA^\`#?,!BKWZ)7F(D30P*#,-E,7R=;,6W?3P-0=5V):W\* MWO?<&]3@?6H,WF]52GG,D)_W8,4E/MT5_*)>)%/N$"Y"W+OU#!5$Z[+LAFMY MESH].["(-:41E1-HU50EQ-2F&B,9DMY7]-7 M0X-M!9DXX]I7GLR3TV0VH9\>(\:[EJ0U%/VXR:(";P!)@80FV=O&@D0:,RQP MY:J+74G!8KLUCY/BA^0RL]W\>S+_B24)TQ7S]E"K))NR9@.24O<.'67BAAD+ MQ+N#Q;`C;>,KH6,1PW4\@"U39]P"(OZET#!0.>?6_6=/IR79BZQR M#A;MZB_5*R#0#SG)YH#@V_22DA,M#7UZELQ5W/8SZ`_W;=+FV0GV9PBSLN`I MH_XYBZ['T?^U(V?S.1`,-L?[60,I_W\]]'J1!]JC;'H`K*H[4.0`7Y7917P5 MSVIK]Z<65#$^+/L.[.)O?_[/G@I;)$E5O`G3@7OR[PGV30%;C$#B'3PO4,FDU1!CX2GU%["!1]9].)DG+S12A!E5WEI+V[,>57 MX)[!A:Q3)'DMJ)^$ZH+-S9,CE`9QWM"E%H7\]GOGRLU3>*)W)FD>'DW:&-JIBA_[F.8M` M)BU^0$J2D]+*@#IC_CB*`(Z,Z1]&-@=->98]XFRT:%!10;:Y05_RNAX,:GS M!P<3R-QTW\N#&+0+BL4[&*F\3>HRYU9!#:`T6T4W,;$]\V_!6'/<`P(&(HN: M<[]%F/HQH^1J11G)3R#G4773V53AYB("JW4M)2BKP>[^Q-+$%M?@W@YUSTMO M3BNK)--&%PS,.IDJDDMM0*]_S5"%OR"4+\$4U60['PC&*U95"W;:NN,./VQB M0Z9(\/)Q0H42!8K)RH4B;`\G#B:\##63/@$<1CF3EZ6<9[S6`P!&+.A+I:]E MTI2CL'C.?721Q!;TD7=0($!-FZ,CG/,N)86ET<@YEC9P0I/!CJVN*RD M3E-[CP)[\J'6)PL?RVQ63_IP'AEM]D\CF,^24YQ">6/'(>*B_QQ&^\S3$!H* MW,)#QE9Z]#WY][&V]\*)0<9'6J0(B<*SON*.)0-?/\2+/]-$)+O83!)0DWXC,0Z]=2_-OSTS0 MGMWB'<34&*T]EPPRX!SFX$/ZY(4DMI0XN9HL(`!(9X\;39%$?E@7`#M"]!U4 MA/P"%E*^OII5I3MIZ>._:6;;(ZN/9<2N!A/-+5R.\78O+5[K'Q/"&S?*@.&B M(6?E4ANW,1$>OX)O*&H4?7FE,8]\XD^JTM$I`] MY[::D>5BA;\FIS6TTK:N3`\SJG7Q7>?6Y)'LRX4Z=(@HHT$$-H^@XQKK2,?$ MU&*Z;>$O:EHQ<-+K_;#.$O>^@4C)X)=&TJW+$@N9TM!(R6%D\*]3XC M11_%EV3)@T/5[9M%+'E$%`PC$Q.X0`!L5]$0"[+6X=\E:;QN2:Z]X)D^\$Y) M@4%5RBXL_O-1E.I8HDL2DT_/_`)G].7*2^U>$F"B,_$/7VCW@Y8GDJF-' M9BQ?\'<#;X^@K"<`[OV]TXH)']6((X39M+R77=]F,_0X>" MI&[MWW`?R@E_X3:6EC0#E^I69.@I_1:F()OQ`*R!*Z%G20B,I77=C5^VY8$L MPV4=ZQ-W1QFD-=(3+::N3SQ$VS`>TZU]R!90+2D4=[!(A2UIRS&_(U.[F9=P M^YP\E*-8,V"MJ?N/K-#2VW>T_QO8[;(6@@MJLVO)[$$/"3,*M&MAQ M=!9-,2,+K>SR<"AQA=QN68.=@X=/@T#^;ZAI626?!Y@5=`E*D;B&]MI%8NO9 M\I0O8WC9QUI`_RI45):,B!N!I-5DSF&V9&R=;GKU!2!$"51CTK^,>V^];N*$50M_3K<%"0 MX=4RS;[[Y(!IUQ,%EB^`3.DEP MI0@*T=]),:@QTC,.D!_=6H[N#Q?_PKZ[AU4$[7[1T.X78S;"E(%C(MCHJYW> M:A5GNZ=6I[`;4(&%,55";6=&83T4R9<"X(:JSE"C5M-%CW5+T0H5=[&2[;_B.H(P=*/&0/W73FDIZXH^J18U%/K2O"'S4 ML\NI`"FBJ8!$MT(T$04-BVX6 M%"FIWB8"\O43J]=;!MQ_U_>\@ID.[6MH![)ZC$.>X]\`UW%&W!FXSEB<%8K,N@6M`KHTMF2;.4RJG/X&];&\U0/7$)=V8[*:6ZNC`BKYE-_(8X9 M[>8)PFX036!K6H3K&@N[1:+"$Z?0.C2>_,N.)QHJHRWJ* MWDC44G\U=%LT?SR<#Q+ZRVIEX?JF@Q=2K+106&$2#`5N"OFDO6B7R;V^V11' M5M-58:K/!N'772 MG]I0J2_9#NY*]B_W!D]`03@]+33_S0#ZD2YN?!=XS4O#(2I]"Z2AW>,&JFXY M=BBQ1.#3.PC27NAD(AZ=C,*2%8HE+3K1N3TLY="![-YGP)H&1I&'J!EL)[XL M(G6'K?CWH]&`KO\,<0Q?M9=6.)1*RUIGK5!FI7%(3JWWX#!%(*1_<9B]:9^& MV'ZK5AKWW[OD"^3>A$$S:J:\&C9D0@/VN8RX-99QX>!YB!V&IA,:OX_C)\"HO6*Y?S4X*FIJB2C"G8 MF3Y3O*>ZU9Z2FYRJKS_0KFDDVL\0.];I]YONY?30CC54[$R"Q[$5\B1=H.'- M39TJU#.FX5NG;%\UD?2LMSET,\"L7H%8G6Y&1FL8JF>H&&7W0;&\8T0UM;NU MJQ<#(*ET;GH^V.5#:VMLPZ.`0GS1B.BE\@GJURAL_3N1SQ.]F'O]Z]1NZT0N M5*^\FKSVX7>C2]_^V3$6KWT4@\.HV;!_C5M?Z4'&EM<;OSQJ[2SC#81)QCN@ M="TCMY?_NI7X/DXN?\H[-ZZY]%R8NW]LO(J^HF3Y3;CQB%_^)MG/VW7W@UH__WV^A_;9_P@```#__P,`4$L#!!0`!@`(````(0`79K+"B0(```D' M```8````>&PO=V]R:W-H965T&ULE)5=;YLP%(;O)^T_6+XO M!A)8$H543;INE39IFO9Q[1@3K&*,;*=I__V.[30MI.M8+C`.CU_>\V&SO'R0 M#;KGV@C5%CB)8HQXRU0IVEV!?_ZXN9AA9"QM2]JHEA?XD1M\N7K_;GE0^L[4 MG%L$"JTI<&UMMR#$L)I+:B+5\1:>5$I+:F&J=\1TFM/2+Y(-2>,X)Y**%@>% MA1ZCH:I*,'ZMV%[RU@81S1MJP;^I16>>U"0;(R>IOMMW%TS)#B2VHA'VT8MB M)-GB=M57@JV2QR3%9+7U^?@E^,"_ND:G5X9,6Y1?16='9'V.I'UBO8V.)@+2!SG]/DX\7`^>:O MCWNF(++QIAP\,)7TL[$.2.Y-S>+PZR.;-Y&>.>CO\>8?@@;E!O=8!>=-<#WG=7#C-PG;MZ(Y_I7HG6H,: M7D$GQ9$[>70XR\+$JLYOSZVR<`3YVQH^.1SV;AP!7"EEGR;NM#Q]Q%9_```` M__\#`%!+`P04``8`"````"$`+-\_WD,%```N%0``&````'AL+W=O\=;]M?_UE_5HW3^TQSSL'(E3MQCUV MW7GE>6UVS,NT7=3GO((K^[HITPX^-@>O/3=YNNN_5)X\ZOO"*].B=PL(YR'HY9HC+_(@TG:] M*V`%,NU.D^\W[G>R2FCD>MMUGZ!_B_RU';UWVF/]^EM3[/XHJARR#762%7BL MZRQ???N@K\&?C[/)]^GSJ_JI??\^+P[&#<@>P(KFPU>[]/F\S MR"B$6=!`1LKJ$P#`7Z3T97V=L M2<5PW<""'3(=2XHM+#Z$Q4*B!+$B&H0VUOAZ&$947S>PQ!PL*;;ZR^J>&"60 MDZ'.EB*YI3#0PCEH4FQE3!<",X82S!CS^44A/[]N8,EI.-DMI-C"TH5`+)0@ M%A4\6)J%3CZ_;F!%<["DV,*R;ANC!+'N.`^YO1U-`>5"%]H`(S"GIB>L5UMH M%_XJ(VY<9".4,'UG=`H51`FD5PPY-='F.3^Z-MC0T-MV4F*"FEO]?U-BXDDK M'K6:G-<,UO[%@$(#'ULMUU:)/4=0HQ(4+%E$+']);DI,3&G,(\PO\-#Q[ M$A#4(!X5@HB1V:L2&Q*?A81KXS;QI$%/QT,[-_!T8)4]U*CL"3C^#.VEX#X7 MF&BSAH(\JEF[EEM5BY4&T3@59#DR?@4WG@Q,L)`)O<%,O%G#@:"Q&YFS-F:L M-`J/"1$P?6^%AV%0PD(:A;XVU(H#:9&$$:LQDP,01")I1:8:+.&!;F<%MR>%DJCT);11=K& MTP).4?XGCDQG#8M>;0X+;O53K#1(!K]5=$JPWXSK-&2A7IJ1,SIK5O1JDRS0 M2\9N4QK5Z5Q$OE7PQ%#0@,.A>'`:$T[Z^62/HU)MP=D30FD0CE-*[)(GAH(% M`8DTO@DGK7HZ'!K[V$8"RU]C.C;_ZW!CQ4TX:=73X=#8(;@V"*NA8HJ:ZPZA M>NZ6Q,R=-2'D$4!\>020/Z3M`MN30FE4@<-H-#X5Y'A.\(".!";BK"E!+Z=$ M8)E%K#2(1KCO+^&0-S2^HAN/"3@!"G\YTIB`L^8$Q1E@])_>=6KGH@8![^"7 M*"$BM/H@48$&$64D&"W51)PU*^CEK`CTWE.(J,&[LXAS..+9*30D+.2!K\W3 MQ+/FQ;2#*#S*NNA";:X*$S7XHY]?/1"H,"BY?B#`)U[X3.><'O*?:7,HJM8Y MY7O8+_XBA%9N\'D7?NCJ<_\,Y['NX#E5__8(SR5S>,#C+T"\K^ONXX-\HC8\ MZ=S^#P``__\#`%!+`P04``8`"````"$`./X0)<`#``":#0``&````'AL+W=O M>3SVV)/5Q]>R\%YH(QBO8H3] M$'FTRGC.JEV,_OOWZ<,]\H0D54X*7M$8O5&!/J[?OUL=>?,L]I1*#QPJ$:.] ME/4R"$2VIR41/J]I!4^VO"F)A,MF%XBZH21O7RJ+(`K#>5`25B'ML&S&>/#M MEF7TD6>'DE92FS2T(!+XQ9[5XN169F/L2M(\'^H/&2]KL-BP@LFWUA1Y9;;\ MLJMX0S8%C/L53TEV\FXO!O8ERQHN^%;Z8!=HT.&8%\$B`*?U*F?'3PW+O[**0K9AGB39_$,+FDF:P\PA3\W( MAO-G]>H7N!5"$-$*5!#QZQ3F(5)1@CZ,^?L4\JF=MN^-E],M.13R!S]^IFRW MEQ!I!FE0V5CF;X]49#`-$,N/9LHUXP58P*=7,K6>((WD5=.Q7.YC-)G[L[MP M@D'N;:B03TQ9(B\[",G+GUJ$.RMM$G4F\'W4SZ.%CZ?A_`:/2>* M2:^P0"`+XT&4&%:$,=YI[ZK)M&)J*&:V(OV3PB(#D_%D2APC&'4_$W,[;J(5 M)MF=K4B'BC.[10:5,)Y,B6VR>SMNHA4FV<)6I$/%%;+Y+61*;)-A=X%KB8F& MW14^E%QA@T(:GS4E=MB<)9YHR:PMS"F>3]RDZ>[7FXZ-U37YO(Y MP9-.8_)%;CE?T)QM;+Z;3@]H?0=\@SH>'@[1H(Z'&I=/=[ZZD2MILZ,I+0KA M9?R@.ED,J>_O]JUYUS/W#Z#)KG./;8]OH]-JMZ':,3^?;VV/[/W\Y M?TS:K20]W$Z'2WR+'ML_HZ3]Y]/OOSU\Q?=OR7L4I2U0N"6/[?3X M'ET/22?^B&[PSFM\OQY2^/?^UDT^[M'AE`VZ7KIFKS?J7@_G6SM7L.Y--.+7 MU_,QLN/CYS6ZI;G(/;H<4IA_\G[^2%#M>FPB=SW+O"Y?QB#PQ&ULW^8_/5\O,=)_)IV0*Z;3Y1_YFEWV@6E MIX?3&3Z!6/;6/7I];#\;UMX8M[M/#]D"_7V.OI+"ZU;R'G\M[^>3?[Y%L-H0 M)Q&!ESC^)DR]DT`PN,M&.UD$@GOK%+T>/B_I/OYRH_/;>PKA'L(G$A_,.OVT MH^0(*PHR'7,HE([Q!28`?UO7LT@-6)'#C^SZ=3ZE[X_M_J@S'/?Z!IBW7J(D M=[O%7"^H;LB/Y.(C=PK`,6%=,PCP**BW_6U9" M.@J59R'SV(;90,(E4$K?GXSAZ*'['=+_*&UF%39EBSE:B%P7LK8.%CIP=+#4 M@:L#3P&@()F M:@%!"QQBZV"A`T<'2QVX.O!TL-+!6@>^#C8ZV.I@IX-`!Z$.]@50"@B4.`M( M'_;_ZIT;:T2,@CVZ5"/C\H+/QT_A2(U"6)FJJT:)8RJH M:H<>3[V/JBNFNF:JOAHE5;5[Q$:]CZI;IKICJH$:53W74+V/JGNI88I]I!1' MT3;@)WW:6IL5J5`I!U*2PM[*B)T3S)-RHIY6C-/ M?A-/FY(GPYA.)MJ&L&6N=LQ5T,156'9E3ONFML#[HJM2LACP]:(V6YJ5;R93 MSA>)S*Q9E17>G".;HP6BO*$D#B@.HD(1(R)YER,/$6FM$)'6&A%I^1QM$)'6 M%A%I[1"15L!1B(BT]H@RK7*,Q!?XNBVV446+[QI:22,JU;39*U?$G*Q442.B M+_T+1+*&Q_W)9-0SRE(.&A7J&-%(E;:+B-0]1%+=,`US/-+J:85&I+Y&1.H^ M(E+?()+J(Z-G&A-M"]JB$:GO$)%Z@(C40T12O=>;&&-#6YD]&F7JY>B+;D%= M]!M6:-YT`#\8Q9EH0D)&E"J4(9M;+1"1EH.(*F&)B"K!YL.B MM"D/;424APM$>1X.X=975:%2BK)\B>-(W45$ZAXBF>7]X;BJ0IGZ&L>1NH^( MU#>(Y-Q[TU%5A3+U'8XC]0`1J8>(Y-S-P:"J0HOJY0H5;8>ZZ#>LT+Q[40J_ M;&A0JL[A:[)6M#9'"T24O0XBJH0E(I)W.?(0D=8*$6FM$9&6S]$&$6EM$9'6 M#A%I!1R%B$AKCZBB0D63H2Y&S2I4MBK(Y4ST_O+:*QQP3>W6-"EIQ3VM$5%L^:M1ZVJ!5I:B+D;-*EKV-\R)RNL,UNB_U71N;Q9F9,.RE+V+Q%1]KN- M/'EH5>EIA;+D:8V(//FH45MG&[2J]+1%6?*T0T2>`M2H]12B5:4G\5A%%KI" M1>>/2>2_35^C^ULTCRZ7I'6,/\4C$%"'3P\*J^W=B01^,(LVA_O;^9:T+M$K)$$O:U;>\R=E\G]2 M^OH7``#__P,`4$L# M!!0`!@`(````(0#,/"3N$0,``)T)```9````>&PO=V]R:W-H965T[MB'$0+OT)4HNQ^?<B$9)N*O#]0F*:'KCMQQE] MS5,IE,AU`'2A2_3<\SRN]( ME6+W5?+L.V\85!OVR>S`1H@G`WW(3`@6AV>K[^T._)`H8SG=5OJGV'UCO"@U M;/<$'!ECB^SUCJD4*@HTP08`,-VC`L`=]0R2>GD@[T`!I MZ(>^M.FT.+H.9F]VVV&'S4*;1E=H%QG[B/KRV[,O3OX:!BP+[6/G+N9^[QNM\ MB7W$=S._[(8`:K@=B_;%#J%S0Z9K^]2#'=F%)RJ&"T*>I\GQ#'K]1CYTAUCT MB=K^&KG@Z>3>,)[&9![\]P01=S^`M>X('4*^)_+&/GWHVB#=O7%4VX#)G MN=?1UE,T'7`MF#%UTGN'D&_J]!)VP]!-G)K)@GUA5:50*K9FT(U@AG31;@BO M1Z9TI_%XL7;#.>Q^@>'8TH(]4EGP1J&*Y<`963O2C5?WH44+VPXC4F@8B_:U MA+]!#$9:9#8T%T(?/D`Y[/Y8K?X!``#__P,`4$L#!!0`!@`(````(0`&3_3] MF00``"$1```8````>&PO=V]R:W-H965T&ULG%A=;ZLX$'U? M:?\#XCT!F^\HR55)U=TK[956J_UX)L1)4`%'0)KVW^^8<0";6TK;AS;@P\F9 M,^,9W/6WUR(W7EA59[S/56U#2*=/7]5/(JV><0]RMQD_3.W5Z,Z(LLK7C- MC\T2Z"P4.HXYLB(+F+;K0P81"-N-BATWY@-9[2@UK>VZ->C?C-WJP6>C/O/; M;U5V^",K&;@->1(9V'/^+*#?#^(6/&R-GGYJ,_!G91S8,;GFS5_\]CO+3N<& MTNU!1"*PU>'MD=4I.`HT2^H)II3G(`!^&T4F2@,<25[;O[?LT)PWIN,OO_(<@(JF0A$H2!]3+=;JDH4<\_V,6"Q6U`3XF3;)= M5_QF0-7`=]:71-0@60'S/3+4T<7Z7J@0HR!Y$"P;,S`-B**&_+QLPVAMO8"E MJ83$8PA1$;L[0F0"U'42(?"AQ)^;?EU[QPC?[R"* M$C!HOA(!AD0/OCBR.UK4AA!W`/%4Q&X*H4@#DOG2!'AC0MR=)Y&6C!@A89M+ M0J(PU%U3`#1R:)]P11@4^'QA`JP*"US5D1@A?BN,TD`W3%EVWDND_QE1`JR* MBC0S8H2`)9VA06]'F^L=0E`WB7PWZ.)2[((]-+1+[$<'^M5TT8N'M%)S.GHL M-80,%>K.32$4B6*J:2WC8XGB(P?4J3U[<%/8&J4+3B3Z>88`-7VDI?Y5(A8E!AZ/F##8K;1)(@(/#<06-2)8JN M/9`XO4$(]GA%FE98U0O)1I>YC8 M6A9C"<(LNIX-/UJ?41".#V_;/4)5J0V2F2K'$X78^D@APX'QX4P`+4O;M3OC1.R'B>$+OOM[+9#.>%ZXXJ M82=9,(J0NDX?IIKF+\T3,AXHQ-8GB@2AA"!R_+[29,\93A77AZ'7%:NBD6I3 M93K)+5I]92!V/PW0/PF:VM"3$%6?-E,^T#>>)<36APD=#A,W]/KLH77JNC.H M#U69Z.JS6R&<,\*)%`]L!:M.;,?RO#92?A6G M30KO(=W=[B3\T!Z$M?LQG)#;XZ35+<`!]9*3L")3V,H`66N$1 M%R\:?FF/B7O>P-&T_7B&?T4P.%S92P`?.6_N%^+HUOUS8_L_````__\#`%!+ M`P04``8`"````"$`\2$QY&D"``"^!0``&````'AL+W=O\KWND>2OH,EMXLWK^;[[39V!;`$63H;4E;YX:",2M:4-PF>H`>;VIM%'>X M-0VS@P%>!2/5L3Q-KYCBLJ>1H3#G<.BZE@)NM=@JZ%TD,=!QA_[;5@[VP*;$ M.72*F\UVN!!:#4BQEIUTSX&4$B6*^Z;7AJ\[C/LIN^3BP!TV)_1*"J.MKEV" M="PZ>AKS-;MFR+285Q(C\&DG!NJ2+K-B-:5L,0_Y^2EA9X_^B6WU[I.1U1?9 M`R8;R^0+L-9ZXZ'WE3]"8W9B?1<*\-60"FJ^[=PWO?L,LFD=5GN*`?FXBNKY M%JS`A")-D@Q6\```#__P,`4$L#!!0` M!@`(````(0";%/>\(`D``"&PO=V]R:W-H965T&ULK)K?8O*Q^]O#]/0P:;C_\^?YU/F17+-C>GGH&G?];B>Y'-*7X^7M MH?NOOYP_IMU.=MM?7O:G])(\='\E6??/QW_^X_XSO7[+WI/DU@&%2_;0?;_= M/JQ>+SN\)^=]=I=^)!?XYC6]GON2:O#]TGP]H9LV[O\3Z?H'\?D\^L]'LG>T\_5]?C M2W"\)##;D">1@>!P+G'O)T\`]&U\Y*\[K^?;KOTTTV.;^\W2/<( MKDA: M]`<&F'>>D^SF'(5DMW/XGMW2\W\*(T-*%2*F%('/&I$&QX%TA$_I:`SO)D9_ M-IA`]`;'H72$3^EHWDU'H^%X^C>.()M?+WRJB(V1QM)A4G)H-42HL#P2?'YM MB#/I")_MAFC`JBF2"&E2+JT&:6#JQ"]?&Z:!R1._J*B-:5V2OJ*B]3>W_;/]Y?T\\.['V0DNQC+W92 MPQ)J6*#%XE8E^[\J%DI5J#P)F8#H8*4#5P>>#M8Z\'40Z"#4P48'6QU$.HAUL"N!'J1'Y0C6 M_N_(D9`1.<+9G2.@I)E:0M`"76P=+'7@Z&"E`U<'G@[6.O!U$.@@U,%&!UL= M1#J(=;`K@4I"8$?Y'0D1,G!#JQ1-OYJ!>6%CPF:K*FM4-5DH$Y4E1I:,.(RL M&'$9\1A9,^(S$C`2,K)A9,M(Q$C,R*Y,*DF#S?UW)$W(P&8)M:H28AC#:DKF MA5%CUI2)RAHC2T8<1E:,N(QXC*P9\1D)&`D9V3"R921B)&9D5R:5K,&=N"9K M=^(8=7L_'K[-T^+X5W.@',!]J+@["9$\9SC724+!7.75(.TI(Y1>,VF?20?*JT$Z5$8HO6'26R8=*:\&Z5@9H?2N M+%U)+ISR&I/;JB2%2#6WDM!T+QBQ"Y(OD1^/9E\_8B[5]W@5CM0HI96INLI+ MG%M!53L%>>I[5%TS59^I!LI+JFK'X5!]CZH;IKIEJI'RJA]KK+Y'U9W4,,4^ M4LDCG/8;\]BN2(5*-9&2E/961NR"F%.UN2T9<:17/O!\'U\Q'9=Y>8RLF8[/ M=`+F%3*R83I;IA,QKYB175FGDA`XY#4FI%5A"9%J/B2!>BYMB-/JAKA01KAN M;$E@^93<9E6WI32:YO_R#4<#0]-UI$'>8BJ2R"*Y;2)YU4BF:6IGKC6+Y+-( M09M(82628^N4QU MO4ADYIV]/&<+CFR.EHB*[ILXH#B(2D6,B.1=CCQ$I+5&1%H^(M(*.`H1D=8& M$6EM$9%6Q%&,B+1VB'*M:H[$?_2\N_+%TZOX7T,K:425FC:U_QT79*6*&A%U M`9:(9`U/!M/IN&]4Z]Q!HU(=(QJK/=Q%1.H>(JENF(8Y&6OUM$8C4O<1D7J` MB-1#1%)];/1-8ZIM01LT(O4M(E*/$)%ZC$BJ]_M38V)H,[-#HUR]FGW1/FC* M?LL*+;H0$`>S.!?=4%@1E0IER.962T2DY2"B2E@AHDIP.?(0D=8:$6GYB$@K MX"A$1%H;1*2U141:$4( MY-C[LW%=A3+U+?J1>H2(U&-$L@HDI8(2)YER,/$6FM$9&6CXBT`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`:[D3"]K\G`<3"QKUG$<3 M*Z[C]M2"3C:W=Z<6=*8Y#Z86=)HYCZ967,?MD06/"KE],++B.FZ/+7C6Q>W= ML04/JC@/QA8\9>(\&EMQSGMJ0N$UO8_]6Q+NKV_'2]8Y):^PTQN\H`>'*GC)"%[(3*`]V!<[Q&N:WO`/"-Q3KW@^_A<``/__`P!0 M2P,$%``&``@````A`-]`]PAI`@``OP4``!D```!X;"]W;W)K&ULE%1;;YLP%'Z?M/]@^;T82.@%A53)JFZ5-FF:=GEVS`&L8(QL MY_;O=XQ3DK65FKT8;'_G^\[5L_N]:LD6C)6Z*V@2Q91`)W0IN[J@OWX^7MU2 M8AWO2M[J#@IZ`$OOYQ\_S';:K&T#X`@R=+:@C7-]SI@5#2AN(]U#AS>5-HH[ MW)J:V=X`+P?C2R_ MR@XPV5@F7X"5UFL/?2K]$1JS5]:/0P&^&U)"Q3>M^Z%W7T#6C<-J9QB0CRLO M#P]@!284::)T<$/H%AW`E2CI.P,3PO?#=R=+UQ0TQF=$X/1KC]V@\N8ZRFWB2H-8[)"PX,L3UP!V?SXS>$>P5E+0]]YV7Y$C\ M=B#HA,-T/[3S2CNQ^KQJR!6.E;G.:1#$ET`I=R+;*Z:^?JYM/E%C' MVX(WNH6<'L#2^_G'#[.=-L^V!G`$&5J;T]JY+F/,BAH4MY'NH,634AO%'2Y- MQ6QG@!=]D&I8&L<3IKAL:6#(S#4[0DU*B1/98M=KP=8-Y[Y,1%R?N?O&*7DEAM-6EBY". M!:.O<[YC=PR9YK-"8@:^[,1`F=-%DCV,*9O/^OK\EK"S%]_$UGKWQ'[_KV3A:MSFF)GK,&ZE?14E(B-=5K]"8>) M-S,$I\=@?!^#;R?1>!K?)JCU#@D+1OJ\EMSQ^04G;<=]Y28;$;R>" M)CQVX<$YG5*"7BT6?SM'Z1G;8L7$$?,0,/@\8P8$0]%!&=6N5_9@K^SKX:T\ MA(U+F?1MF=O_D?'@G.+S;#Z)!]Z@'#"C"\RY!/\DB)#K$_1@O(/+A))T\D(Z M@*Z0QGZXE/9M.IWZEGSG@GU<[V*H\W$')^5[OIO7VN$`]9\U_B#ASSISQV)D][&6-MEP;H9H,1T&($6^8RD539OCGCZ>[#Q@92YN< MUJKA&7[A!C_,W[^;[91>FXISBX"A,1FNK&U30@RKN*0F4"UOX$NAM*06EKHD MIM69%AA=1NDPPF<^Z_OP2?&=.?B-3J=TG+?(OHN'0 M;-@FMP$KI=8.^IR[$"23B^RG;@.^:93S@FYJ^UWM/G-15A9V>P*&G*\T?WGD MAD%#@2:()XZ)J1H*@">2PDT&-(3NN_=.Y+;*<`R3L>+&/@E'A1';&*OD;_\Q MZBE\,3S"3`7%F$""W&W1@V(-30]'H2.RE M/>@&:9B'4VDWIDGB1O*-#79Y715#G_L(G)1C2T;3ZX:GYZI_GR4'/I?J(_X$ MGDX*#-Q_N7%YYQ)]Y-Q-\LJ-/_W^E$BN2_Z1U[5!3&W: MK^/C=-&-+!D^P&70TI)_I;H4C4$U+X`R#!)HL_;7B5]8U4+E<*J5A>N@^UG! MK<]A],,`P(52]K``83+\C\S_````__\#`%!+`P04``8`"````"$`M")D$FL" M``"\!0``&0```'AL+W=O0!CI1XJFB4I)3`(7C/'W<7'RBQC@\U[_4`%7T"2Z]7[]\M M]]IL;0?@"#(,MJ*=S"E;+4-]?DG8VY-O8CN]_V1D_44.@,7&:_(7L-%ZZZ'WM=_" M8/8J^BY-MS3,CG5=9/MV`%%A1IDCS8$+I'`_@D M2OK.P(+PQ_#>R]IU%>'8'P?@F>7R?PJ MG66H]08)BT9"7K?<\=72Z#W!7D%).W+?>5F)Q/].!$UX[-J#*WI%"7JU6/R' M55;D2_:`%1,'S$W$X/.(F1`,12=E5#M?V8.]LJ^'MW(3-TYECD9>R,S^1\:# M*XK/H_DLG>Q'Y8@I3C#S"?%"&2'G)^C!>`>G"67%;"*.TA%TAC3VPZET:-/% MF]?KHX*'JD;?PE9M6#I;TT"!EFERA,1/'+RZ<'D,O;[3#\0F?'?XE M`5LE31#<:.V>%RC,IO_NZ@\```#__P,`4$L#!!0`!@`(````(0!FY8:LC@(` M`&H&```9````>&PO=V]R:W-H965T$K.V4[27"E^-SSOTB MBYLGU9!',%;J-J=)%%,"K="%;*N<_OA^?W%%B76\+7BC6\CI,UAZLWS_;K'3 M9F-K`$>0H;4YK9WK,L:LJ$%Q&^D.6GQ3:J.XPZ.IF.T,\**_I!J6QO$E4URV M-#!DYAP.7992P)T66P6M"R0&&N[0OZUE9P]L2IQ#I[C9;+L+H56'%&O92/?< MDU*B1/90M=KP=8-Y/R53+@[<_>$%O9+":*M+%R$="T9?YGS-KADR+1>%Q`Q\ MV8F!,J>K)+N=4[9<]/7Y*6%G1\_$UGKWTW'[OF_`5T,**/FV<=_T[A/(JG;8[1DFY//*BN<[L`(+BC11.O-,0C=H`'^) MDGXRL"#\*:3Q)$$[68-V]])24B*UU6OT*H*0W%;AZ:W?< M\>7"Z!W!=B/:=MP/3Y(A\<%38!AL MAMAC;@,&?X^8`<'0S6`);8PMO5Z>@[('>V5?+F_E-@3&,NGK,I-_D?%@K/?8 M?!(/O$$Y8*8CS&Q`G"2(D/,3]&!LSCBA9'(]$`?I`#I#&@=E+.W;G<;3:/[F M&![J["_V-H9"[R.X!L>&3H\U.ICCY0W3XI*Q2/YQ_QJ?9JA]:-KS` M5>]X!5^XJ61K20,E4L9]:TSX6(2#TQTZQX77#I>\?ZSQFPXX_'&$32FU=H<# M"K/A7V+Y&P``__\#`%!+`P04``8`"````"$`53F_W,\"```D"```&````'AL M+W=O7R^KZ457D01@K=9W2 M:!92(FJN,UD7*?W]Z^[LBA+K6)VQ2M*O1W\)[;4^\]&9M]D+:#;<$YX`ENM[Q'Z-<,0)`!9A8OD(GK"@J`*U$21P,ZPA[; MW[W,7)G2&$9C*ZR[DTA%"=]9I]5?_[!UTB?'73+\=LGSB]GB,IQ'H/4&2>`+ M:7W=,L?6*Z/W!(8%)&W#\OW&Z@4)AV6H'6[K]6\+76,!& M"F<`SK5VAQL4Z+_OZW\```#__P,`4$L#!!0`!@`(````(0`//WN),@$``$`" M```1``@!9&]C4')O<',O8V]R92YX;6P@H@0!**```0`````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M``````````````````````"&>TOIIG&D98F:G5QBXLR, M-X1O';%0`FBW?R_KNCJC)X_D?7EXOH]ROM--\@G.J]94B&0Y2L"(5BI35^AY MM4AO4.(#-Y(WK8$*[<&C.;N\*(6EHG7PZ%H++BCP22093X6MT#8$2S'V8@N: M^RPV3`PWK=,\Q*.KL>7BG=>`BSR_QAH"ESQP?`"F=B2B`2G%B+0?KND!4F!H M0(,)'I.,X.]N`*?]GQ?ZY*RI5=C;.-.@>\Z6XAB.[9U78['KNJR;]!K1G^"7 MY<-3/VJJS&%7`A`[[*?A/BSC*C<*Y.V>[=Y M/=J=DO7D[GZU0*S(R33-BY3,5@6ADQF]FKZ6^-0:[K,1J`>!?Q-/`-9[__QS M]@4``/__`P!02P,$%``&``@````A`*X;MM5R`@``"`8``!``"`%D;V-0&UL(*($`2B@``$````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M````G%1=;]LP#'P?L/]@^+UUDA5#42@NUJ1?0+<$3=H]"JI,)T)ER1,5+]VO M'V4CB;UZP;`W220/Q^.)[');Z*@"A\J:<3P\'<01&&DS95;C^&EY1^B% MR82V!L;Q&V!\F7[\P.;.EN"\`HP(PN`X7GM?7B0)RC44`D\I;"B26U<(3U>W M2FR>*PE3*S<%&)^,!H//"6P]F`RRDW(/&#>(%Y7_7]#,RL`/GY=O)1%.V9>R MU$H*3UVF7Y5T%FWNH^NM!,V2=I`1NP7(C5/^+1VPI'UE"RDT3`@XS85&8,GA M@=V!"*+-A7*8LLI?5""]=1&J7R3;*(Y>!$*@,XXKX90PGFB%M.92GW6)WJ7? MK7O%-8!'EE!"\U@?V[GMLSI+A^=U!IVZF0&A84*!+L>E\AIPEL^%\SV4AS3Y M`^>:1<.X(;2;(B=O\&OC22]^;YII*]MFON_A2FAA)/#%N^;^DL*)&AEE#9YF M1X/:IP7A&AH++SP$-R&W.9^1)>LA(W\R8I/]0\E$X)K?:/OS6,DM&`+N9W`E M4$G^8!'Y'!PU1YP#EXDM"FMZ&3Q"!68#_!&D71D57-F;UT#PA;?RM3?AGKYJ M`7PIMM`QRUZ>>U,!^J`/5X;/E*['=2N0!Y?U8BXV+P@_-J'DFFAV7;@'GM%4 M'/5(@S\%OK64&DHDN/Y^CTLY[$4]7C/JK6G+QJ?@A=+( MOPD7O%/1M]YW>?#9<2$[U#I?[H]/]J#,*SZ52SLEV^ZV2/>1U0[*Z'_MXH<' M=D<+Q.D`,ED+$C[;Y;P/A)WWW"SV='AV.O@TH'76>F/)886GOP$``/__`P!0 M2P$"+0`4``8`"````"$`UNB1L:0!``"A#0``$P`````````````````````` M6T-O;G1E;G1?5'EP97-=+GAM;%!+`0(M`!0`!@`(````(0"U53`C]0```$P" M```+`````````````````-T#``!?&0``&`````````````````"##```>&PO=V]R:W-H965T&UL4$L!`BT`%``&``@````A`%GP@T97`P``5`H``!D````````` M````````I1(``'AL+W=O&PO=V]R:W-H M965T&UL4$L! M`BT`%``&``@````A`/MBI6V4!@``IQL``!,`````````````````G!L``'AL M+W1H96UE+W1H96UE,2YX;6Q02P$"+0`4``8`"````"$`DT'J\7$*``"@5``` M#0````````````````!A(@``>&PO&PO=V]R:W-H965T M&UL4$L!`BT`%``&``@````A`#C^$"7``P``F@T``!@````` M````````````7%,``'AL+W=O&UL4$L!`BT`%``&``@````A`,P\).X1`P``G0D` M`!D`````````````````]U\``'AL+W=O&PO=V]R:W-H965T&UL4$L!`BT`%``&``@````A`/$A,>1I M`@``O@4``!@`````````````````#F@``'AL+W=O\(`D``"&PO=V]R:W-H965T0``>&PO=V]R:W-H M965T&UL4$L! M`BT`%``&``@````A`&;EAJR.`@``:@8``!D`````````````````J'X``'AL M+W=O&PO=V]R:W-H965T&UL4$L!`BT`%``&``@````A``\_>XDR`0``0`(``!$````````````````` M&UL4$L!`BT`%``&``@````A`*X;MM5R`@`` M"`8``!``````````````````VX8``&1O8U!R;W!S+V%P<"YX;6Q02P4&```` /`!L`&P`O!P``@XH````` ` end XML 11 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } ZIP 12 0001477932-14-000775-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001477932-14-000775-xbrl.zip M4$L#!!0````(`*B$4T3:4SQ);,?N3";[L@O3LQNOJ)1B.?!RP:OSOY^:$S>+BX MOC[1_OS^W_]-@__>_D>GHWUD-`S.M4ON=ZZC$7^CW9`I/=<^T8C&).7Q&^UO M),SP%_[W#_<_P#\E_7/-ZKI#K=.I0.QO-`IX_//]]8+8)$UGYV=G3T]/W8@_ MDB<>?TFZ/J]&[H%GL4\7M`@=C__W)[/[/`*PER2%GTS=L+\U+W43_C"\SZ9^ M;EKG>K\B^92D6;(@KS_K^7_R\;?/PSADY_BG!OJ.DO/GA+T[421ZLKH\'I^9 MNFZ<_?W''Q[\"9V2#HN2E$0^/2F>"EGT9=-SAN=Y9^)J<>O:G4A M29:4$>".^]>0P-4@73R@WNRC*?0GUNV/^>`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`^FY(0ZL[KFX\G[^V^ M9YN>[;T]J\9,A7;)?=!JE'YDB4_".V'E'^&WI(1H5\;ZDRGY;J54L,NK_',% MVAV);V-L\]!`-'G@*8%VDSJ*ZG2I#L4X5U6B=W6,EC58MH92JN7E44H>@RR= M\)C]3H-J.MR"K)]WVC:"6^5T,*A5E;T(J.LDR0[4DNV8N>/MX7(0F(K:L7M> M2V#VQ*4VU;,A*C6'U9ZB=L`:)`E-DXLLCB'658Y3*@C]Y'VOYYF])?\2S08, M-X2<%8:>Z?2J,KR+Z8RPX.IY1J.$'BBI9?5-=\EX(^T#`.R7W(`$LE<;`(=\ M+YW?A9`*#J+@ZA\9F^'<=D,;*\*P;4-7<6QG<3B<"FHQ#'TQYG++?Q>];23?5I&W:K@*]+3@O*^;^$;+MGJT? M7\P?(/6E$QX&U]-9S!\IWI-\BGF2-!T?T[6=_A+X=@:'0MFOP\90?B3^A$4T MGJNJ.T@KEFZK<6@[@T.A[-=*8RARVFBL@9[I]71W=1:JPZ2"UUBNZUC>/B:W MZ83&\M(-C_P#YSC7ZEFNPG,C]0,@5!#;=(V^FE)4@O!`X0(4BQ!$>,*:3VVN MA3V:+50;,:TP@55BBHNMY[&!7WC\!1+;:T``J2ZP$I,*5)SI MO+$%.'W+PS7%1ER/`+F"_;0">3&S,#)D(4L9;1X>'%OAY?LQE,OMB6\ZMF>YI91N,X,#D53(`&S7TWL- MD-SPE"9W9(Z1YE!M]*R>,AX;*#=FOE\!/=VR*O$6T6%E+Z?8]9P\_Q01X!NEP.X/K>&[?*MG7!N*'0*@@NV$9M2$H'@!S@.@(8;U` MXP0SX^83Y%KNNX]1.\`:Y,MU@;6H(ZMG.[H"I3WF%2*B9]N0#]1A?D]3`G53 M<$7B"-*$I%2ACYC?/*'N&+II&8ZC=#GV,VL+WGY=`3S#,-R>=0B\01`P;%20 M\(ZPX#JZ(#.6DE!IQ3:/LHZK]TUE+/?S:@M=A;S3UO6^<1@ZY9)8'6K<27-, M6QG$5;+-V%:(.3VO"MOE8N8]';,DC4F4XL;PRBN3@Q^O[J\O!C?:UF;FZ>V$KM4TKL9_GL^HB M&GKGI_+R*SZ^B:QT`JTU=WZVREIK(;P-5`+`.'9%R9S0A,@TH.)0(J MY7S&ELO+OU(2UY6E4^SIW$5MW0!^H6'X?<2?H@=*$@XQ3JRBQ979WG#5`+90 M6V?[-QY"ND+B^4<6PA34D-T*E0WF+?5P#UEAG$+DEN]<5.;V*^ZAV$=MG:M` M0U"QXQ$".C$T['1:4UL(E M22:-([-ME'8&`*FJY,T*Y/L0]ZUFY"M55U#FZDW15Y@_7$-=`-I$_IX^TBBC ME4=W9R%AVJ55A()V'9Z;MM?N+EY$C14ZG4YUS4#TW+==CC7'7K#L/IM MR5QON`U#;27NXOQ`0A++QM4O9-R2^QNZVH=99=$$0MU!MTRKWVL70NW<`%<] MV]9"33-P/77KYSX(\KUY7,D;!%,6B1H_98\TCQ'M9`^Z[2BFN8=E"PCK6D[? M['ON2P*L:U=NW[&=E]5@/:NS==LR:@,4*RY_S<(Y<-%OZ).Z_?8CC_,UB&20 MZMV>4>SM'DQQ@:(=PW0;;Q&0>IZ M1-^Q++,5098-<-65/E*:M!BD30,\V%2[[5N8'82J=AZGNSW]Z*AJYWBZ79HO MCJ6KFA._;O3T?@-4Q<:=%JW)[JL3_@J#!OQKEX&6;K?)OW8!:%EZN_+7M`5/ MM<\M_$5H^H7$N*CS0-,TE!M]&X[_<\+.(Q:^.TGC3#U&I0:7NJ/<,3S7[N4Q M=IU%(SGWCG,KPO$`8'O5\,\"MM=-_GD:V^,J1P7V@23,?T$+$_P:@SJ2=1T&ZDB6 M=:BFCF)5&T']0MEX`K8V>(2(/:8WV71(X]N1>$!Y%U<\.XB"QF%M"V)']US3 MZ"LU1C-`QQ-KM]EN>]'9M&VC9QBO5ZS=AK]MM$S3[KOZ*Q9KM^ML&RW+Z9D] MUWQ)L?)^3<,0ODT0U]"K>Y,*H4WHS3P&]V96]IAC06_D%7;/ZE?WBN-IO8GE M&Z91W?)W05]N#4`\%X"/11FX2+Y"S*/D`QWQF"K9^(\LXOA>1-%+`$Z'^O)AW`_TAT-%/\BF=C)?&%+>Q_I`(SIB MK:P7ZZMFO<;E`#!US>&H8.I:QY$U4\]:&H&)\5NVP!D?G3%AKOQ;?YB-RRD&>(TF/SEG&V'1S34;]]Q<4OJ MH5".*5+=X>@YMF>T)Y(RN^.K*GA\7WK<8+1U_UU5:G7N[>(^5,W-<8O' MQ'O&JT&X#?U:CNFH1\!N9788K/K1SRT%O^JXBJ["`9L8*FQU0^IU.;>SR4WE M7$S-4`,M#H5OLQ&RB7Y=WDW;(&WP;M@$:4?L1BV07:SWK`KDZUZ[#XE^D>7A M;4B.(,AQ%X1?4)#C+@&_Z(@<<]&WJB#[V](PFZC$CKASIS:6HPC3THZ?UR%, M2SN%7HTP.EB8126)-"Y(',]'/'XB<9#@>42"Q"`,^1-6",W//-)=Q[0V MO4=>@6MI$EZ<3WK/YR0\Y,A1?`O%L92S;%?H-F);I:_I&9YGU&6[Z,4>(._* MV;UKE!NRKB+SRLF]NUG?D?E4'*2#EVEP&^W1?M,B2+>\XNVZ"BS+VEE.0GAP M^#.-?9:@)-)I*Y^K\UV8OIEI23H/Z;N3$3QTKAGZ+-4^LRE0N:%/VCV?DNA4 M_G"J/4`U-'JC34D\9M&YIK_1D$V'A&P,__PM2U(VFI]\-T[??)Y0C?B^/",( M9^TL(EG`\DU;`;;O@N_^9%AO1K(8)2'`(&G^?L.$/%)M2&FDS;"+'<-3P[F6 M`LW\U"%MEL78-DBUE(O?XPP-!%2BQ72,A]]A[-'X2%S,S]]D^1U7S_Z$1&,J M^&/3@27X,>^N=D%C/$I/8Q&$@ZE\B1X?&'&>1CRE6L`2/^3XN:I$B_"6,)S# MW7Z807D-?]$V2K.0`6Y`G<0!QA7!_8FE$VTL7VP%4G"5SE!'1#:=47&S&!BP M&8JW5,M"AQI4`GS*TG25O"9()YD_V:R;KN"/PZ1*.\KBB"4322P5%Z$"9%.% MX481.HYHB6A@C5/RA>:J6]X.UJ.!F864 MH,^>"O[XF;<$0(['4&$#H71"4GPPJ:SU(=@]4$1]P9V_99$OF(F15YSE/P%^ M[GL+,@*!0@KE0Q,7DL<4Y%#-&H_!_6L64UQ30+,),L!"(X6H@LG<14>L`4HLY$\D_8LY;_DT;( M^1)&&5-PS3)RMF+L09?%^#/A?P'SQ?N(A;\7W(1&IV2.BJ+/,[`[5$$.84Y) M+!!065:H\ME=C(QG,XQDQ;2Q.^1N.:@)(CH?1^*(R3L>,G_^&>+EA[!&\_>( M,3K'J(V`N\99*`9A3!(M5N>YA"5I(LV%AQ3T#4KF4"#%#/Q=WCF7!@MFG#M* M@A$`!MK73-M:.JL4#K2\7 MD>,UC3=21H)UB8N'+S.,YV(,\,USZ8^GI3F9R0^I.;I^JNNZ)C_SB.;BB\8^ ML$4]H/_Y>`(=^.8W>M=PM!E^D!1OED."L`JXJ>XZIZ9EY8FI#R,%Y46&11I4 M39#29F`.HRP%$T=]BWUJ4OU=<&$MH",J$E\1Z+;/\^-+G MF$0)$7E\\OI]F3]%I3)!=!:>>%%M""UCQ1'BHC[\C_LD;Z0\\`QT3N`1D(TD M7>US*=IB.1ER$98?H0KE&5C'#!T.&WY8.`E3`'2_4[@A+(HLI;K'8NDT+[*+ M67D&P10\&.KJ$8FG@`"[.PD)Z0I[>#X*!`\2\)EH&H#%A2%H'P!/Q3L,:*U* M2,`@H-98,_F-2H2:=UNP\I$>4#0B%@P#N!;RF>@-L%@I]N2C())48%>3WE9J M%90]+>"B=9;*7I;HY.'7(#%>)33&S@N1X17\!#]JH6413#;+..E99L>TG(ZC M:_^%[14:0T7Z`)?!M[J:Z_VWD!#]"9FP**\RD1$J!\DG'(^PA!\7?9)&79C"T#8TB$#[.\P/1XV2&`WK&_/4 M]8Q3SS,6H0!^TMW>J6/!4P`%&T8PM%CL8L]C8X.$*PT*27YA$#/9U)?S!L"Q M//TT;TVA1X(X97-9K$9(TQL)A*YQZNH"H0;@K-ZI85L8_*L*KXHAHXC277G" M)HHO,@X1]$Q=M[`UAUW1/!)0$7]$,`%!.3:I(:C"[4DV3%C`L`6;=]UR'7>U MQ2'E$*"&Z%VQT$?N""Q9AF-LY^6]I%PE$1$3)THB&I$RM1%=OV)27;9"^1#, MKFCUQR+/97FO.4^D@A5P""G!YC252%;[5UN:0I7GO[7V$&@)D`"D*PROR6N: M**_7$UB,L'W'@4ST5.V*\]'"&M3^&T0X1I\P],'4,R78LH9!$?-((D=[W41S MZY)A5W3,)W1S<_L)!B2O:[K:4H\2"=^7T>4%D8'ET$H=*[>9:@][ZU@--91_ M(*A$76`8\CCF*/TWEB-9")&)5GQ.5A"1Q9+4[M+L4\WY5MBXB(:RZ8T:%%^) M$WS!/")::NN)P1A#TL-P4"!2B/:Y3(MR)Q7C!5[*T6_7S$'D%#DU,54J M@);K+!O=;ZL/K3J;6,P76Q#&-/+GE\KRS0'>-H01U`SSB.V)?-&L8C?@.A+J M+NQ?&#^XP!.."VA49#8^>X2I):1C(#N3>ZWQ'!B-C`F+P`#_,H=28DB?A0V* M`5ND@7]AX)T7/(M%*G2=A&1*AB0X5>;>VTPNG,SRY:Q$FF@^U10KLF87;!PK M%H:IEOR8$"X MDID?0\FC8KZ$M%?-KI?YW2><8Z(BO2L$R=>1I.6B MR%Q-6<#)4ULP2ZYR54<'B]R\,8%E2CQDA6Q#@J5R-D.]0B81)Q,V`TYBU5<* M?`H4S%W&`Q1ET@4QD:1IS(;B-)@<\BK@[C@45GRTKE^M!K8J[357WF M=05-*VMTK:)NJLIF=O#."HQ0*,'UC% M?'W'%[!_Q;2!PU7,TE1\SI8/W5EHC3Y=QIARVIO^.O:C^*SC"G M)P(AQL?7&,1EUE1EGK4+UY0,3#CG9W#[E(>_G:/K<<'E=H2\8Q/T8P)8+!J? MT.$=LU$Q_M7UNZ)QV'2!R#AG98L.,`H!M(K?O3!'N\CJ-9.F)=?&DL]/"?F` MTTCT,S/K+M_1*U-""V12H@GOZU#GFG`G*<"]&?>F@(%,*IW:$DP1=4P[[.*' MLD@1+?_V'\G<$)7GY]'/U(0$*GYF'^#@#ANL8#%$C566S.>J6LB*,^XG-0T] MM`MIUX`P`3/SU=HYE9L`QSUP-KOFFD!S#'52O[GT730PIR0;S[*`SY9YJ\DE MQ^!P`,*)=L'.&/Q%+APW/2>[?0B&XD6FD`ND%RZ6NLTH@#F!WO%?+L38$$&6; MIS:+1YEK"SYA.V<+4'X$,6_`P5^L"8EA.A-D"\*Y*.FMGN[$D;\>>\N6U%TM M2.EVN'?K/RD"`6N\X!S"00K81T&(F>38)84Q*QGI19*"E<9RB,G0-"4V_S*A M'>"@]>,0R&2GGCAU'4PY8">01#&(,]>VOF.2A.NL82ZE&1Y%E"9%?SZ+V?-; M9<:G*3-+J$CCAZQX#_RC,@^$9#N<>$S+HB&#[5(A"/L;NV*A['!6Z50H0F)2 MCE0&#+50E=)5#9G1N"NU\L,L&1E$U^:1T@\9^.H,9"IU;O7`2\SH*;, ME&D9DSP6A)P9=?Q1>0W,P)44:E(NT)+ED.!_3M]/25%RQ.8#U`=U;E%BG68= M7:FJ:T$*R2>[2&`E]6.`!S8#E37\&@&1)??`N8,FV1G`]S?)RQ2JVL5(R M:[!QCQ077N?DO*-Z=@E.(Y,QTH("TGW*17.*<*?=`[M[*+*^,`PM.'W M;X4:"1F!F6DID&0TQP?X4DFI&I]\P*%2G.R MUP-,"0,42DQ\J27'P!Z*@\1UI_\^57A+'`N+:,C3*TP+UT(D-M%:7T\>U-D! M*A2:5B?CB;7`7"0I)12C*YB;I\!'AZ3L%0W,NR'Z/S!1;_&"/!@0Y&5/T,(G MB^SP+GF".8B8C@1V:G`D7U*E=IFW'2;JPA[E6*A1F[T+NN6$!Y7$($D33>[`*``KM47\UQZ?&%B7M.AIBB9?8U]\E=E^^H;W MT,4JM$5K-8K2N%I@SA(+]:[V8<4.XAWJE"C2EXBB*90IN8WC]\[;_\"7&&)T M:=K#?[&\(:)N&OZWO:G@)+*BWXF1D6'B'P,'$:+,CUYH$=/6BRRW#2`2(0C* MN)1BN/7,NER2NQZ9C&$',S'DH<("[$G[[$=RV<%/WR:5[PKGR/&N"6;[++Y^ M"T+]EX#"GQD46J\+^%'`-&@2JH8)"\GL41:AX.(PKH$K#:)OUTZ\Q[F`+>#2 M+*!C4C1PQH9K7^#5DKIEALYQ`W11S`8N".@Z44`"L>\@SVJ51#\U&9^I;<_2 M1UPH@2>HR6CY]S=,5%?3823DB!70E:RE(CKCCRN>[Q$=^>EB8`G)=X3Q:I M0$[@#3A$;&C)#D:30]CXVB!,(N5+^/VAI)"H4ZZS6>UA,?_NY[ZI6I-@$DD[ M7MH$XZ-M*5&W8<18Q"7-*A&F13!H1>XD\1L:C?S9M)'"V*%[5Z;=IUJR0OPX) M(@TFPQ3&&<HEI)`W1-OC)4>G!A#8E'I7DTH46W@Z$`/WY MG71PAPB[3(\D)T)'N6%YV`3$W;PIUTH9GN&Q\H2K[^FY37,:/G5/#^.8S1,T M3[#F=^T1V*KW^ESLHT&-1BX_('M>!6:G9B"7\OILGH4B<>!J6JL+$`IRM\:1KD+7\5 MQNP4F>UJW$=LVXS>`XC,F$P1FW=.]S!"&Q8HMFDZ5X>-OZ>6#9VQZZ2[)-81 M-FHRY"ZM,$^6KB6+MTV"@"^S!KW=747)^\`N5U(SX@R+D5=WTF.*6SHY04?] MS;@OS&%6!,JY[T13/XA^HV!$.P`W.G=R"='9S+0WC5Y/AC&39O(/+F.YY,>9 M0;S:.\NDMYNV:#P-;:@.&+LGA&QVCGGY5N?8R]E.347-/\*F5<;%)^9A+,YX M734^*B4U3P@Q:KMY:4VI.4:U7Z?IOH;[:"V62^#)U-3U?).A\\@VB#6Y9/>` MK:13NF[K)5^Z%BPO$46N&R4E3X&?YS!?6Q;)R7V[IIQR6YAR@(O2\&T,8@U` MYGKC))9`U:'#$NCFF#:Y@7OAXIC>]#8[:`<=_*#^:E6:4!)@[@;\S%L3>5,G M+*!W.=G:J$%(@RE_A`YN3]7FF_#Z`/PI69:"1:ILF2!*'QP-7I+!;F8YCDXM;4NO!E\=:/CVCJSF>--8JI_X/APNNTA,U8C[R@$1 M#8?#X!-Z0L@[]^2C#7A[/@5V2$>!B=RDXA@]""\$J M1*?P%@G\K0GEI+SV,'SPMA3SS3IRJ%RU=AT262)&5FC9:Z]/,G.(@QV:/&9B M4_8Q%8[K9@F^B;+)>%`0T.'PC56^=NRE;\\()=/`&WP#79KA8R-W:G9W1$FI MW^]E&41G5$?)`4XZM)"MJ;+W7*`57OQJP%_7W%^5.>!3FAWFV@B8J4_`_$6$Z=WAHDW0'(PE7L:4!AN7W5S3HG1=O2PP-I1ZO_L!6P_83"LZ74@[2M[,,)TD*_55,S"N#?4K MUUZ!WH9'3B2URK(__?3WY/JJM>TZW]U,OM%V3GJFFG7O[T.ZAVWGW"TV5-[L M+;1:%SMF4FT97B7&Y+>"1@[]@J_GSB_.`FO/:4(X[@>BQ%U5R!`HV@4Q#XY^ M(G.)Y$JE-9=6?7,Y[/*7W/E6`MF.N`@,SVH*K[4Q!@M#UV!@$UBGU!66K6.2 M(/"6>X4T[HHO,M@)5_Z-75TJU)>W[8Y+*H76M8?=W3WSY")J418,82=>23>. M>]#P`G*A&6I.`F9??.8"J:]65F M2PRG-F,@MEVUF99[[MFMSBQNW-$W,9H8&VK)U"M)92V6- M&@;:Z7LGGRB]EFU#?3JRI-/VA@U*BJ\)H+39RBKVJC@&(3JU-[6W3ATC>[;$ MO?$<6U7-V@7F#&9T0V4Q!76DCO1$U;0[_!LU+*9E.P4.3[&'[AI&:$6[20E^ MM%>[V(36W13W%->?H<;-VYP&V_'=NUFR5`UFW'"+>']Y;D>QQ=J]FQ=9\)AI21VO/7EJ81I\S,ACDFY;,O^&P.B2>*2/`^#HKHHR''W(*CK MC+HWBI&^"Q.=A?Z2Y3M]Q0/9_X:_TR;+\WJ9X'Q^G!-)/R^1#?+SK7W$2J7- M)7YT^,5G%J7C>I5^V15V!,/'^FOC1C>['"\/&^\MH;Z+#GI[NGNZ@L%]%4SB:%U79%ND+V%Q9?1G] MX_S\S9NW;Z\#$)*G>#7^8N]3*V,U#PK]M66'^QY8?\W1%[O]]B#;QQI^,7>VYJ\BH]&I_?T)P_`Z2"C:V0TCL?C29!1GV4T&KV. M3T_'04B]%M+X=7PT?OT(0GH@S[JZ5$WV&!CQ/O#?D4$/$%.@)%#2#^R[KU6B M*F,DW^YVD&9%29WU^P/>V[)W/S/_@"^\%_@YB8].3W%0[AW-]L=2TJ?%Q5$\ M'HWCD^.[(I3`1>3B<3P:CN/1Z5T#IL!%Y.(P'IZ.XI/1PY_H`+N"BP^4])F2 M_L"NMRTVMLKW5P?XM8-+K\;Q>!+@UWU=WE'\ZB3`K_OJXC!^?1S@U_VSR9-) M@%]]=9"!DD#)IP"_..LE1=Z?LHH1V&-"KO%@C`85[U_DV4/T)\3I`P0`[`B5]IJ0_4-#/Q`5(V$-S'G@=>!UX'7C]P`[G M)5V+]W[U`(-2%,WKAY\'KU1A:-93`/:XV;_Q3;\RHOW=_$U2X=?SF,?H/=^N M^=ES'/MQM_$P83S`8]X#"N,!PGB`IWGM]7G<3@ZL"JP*K`KC`3Z>F,*E[*?$ MQ#`>(&AB/Y@8Q@/T(E\>]M2'/=U!8<-X@.=U8S:,!W@",@KC`7HOHS`>X"D( M*8P'>$+]"X&20,FGT!T3Q@-<"W[">(`P'J`O7`SC`<)X@.?N&`,E@9)/`7:% M\0#[<"F,!PCC`?K"Q3`>((P'>/8.,E`2*/D4X%<8#]#;>QR!UX'7@=>!USUP M-`$*!DH")<\<"H;Q`+TWYX'7@=>!UX'7#^QP'FT\@+^AI5WQ`9<53K]OZT;- MU[3NKY<9N$Q,="CV:DOP:C5ZM:B<1S,:*@`+XS`!5>,GP?_!;QIX;)6AQ+*4 M=IB`/TXNLJAHZ5HA/%MSO4K5=0O/)`4\US9U`_]0Q464MA7^!]\#*ZHRQ4?P MI[DJDF*FDAQ639IL`7RJ!Q'-1(A6254E\#/.-2#_CQ,+5-&4M(5)?'H\C(?# MH5ZZ2P`2!53F;0H;4DS$G#Q[*IY]@P<`,&9MGC2J+`96,%^_O-=8AG_^_6]? MO_PPK7+U)?X__/@_4$L#!!0````(`*B$4T3UJEYV>@D``.5G```5`!P`865G M9RTR,#$S,3(S,5]C86PN>&UL550)``,+)`53"R0%4W5X"P`!!"4.```$.0$` M`-T=V7(B.?)](^8?M$QL1,\#YNICS+1W`I_!!NWVF.[I>>N0JP0HNI`8J0K; M^_6;J@.H2R4PH/+V@VV*S*R\E:FK/_[^-/?0D@A).3MK=$[:#428PUW*IF>- MK^/F8'PQ'#:0]#%SL<<9.6LPWOC]WS_]`\&_C_]L-M$U)9[;1Y?<:0[9A/^& M;O&<]-$-841@GXO?T)_8"]03_M?Y_0@^1J_KH][)^P?4;!H0^Y,PEXNO]\,5 ML9GO+_JMUN/CXPGC2_S(Q0]YXG`S"(>L:&$RG7[_HWOR-`%F+[$/C[KM MSMM_=2_;7?C1.?W2;?>[O7[[5T/R/O8#N2+??FK'_R+TCQYE/_KJQP.6!($% MF.P_27K6V!#JL7?"Q;35;;<[K;\^C<;.C,QQDS)E"8T6LE[*PHP[=4`[_!B:1]&;(WX@[V0T>J?`TJA5"?F@E84SUJ M=KK-7N?D2;J-1/FA!@7WR#V9(/4;7&/U5K"!H`YFR@&GSU/!@P5XQKREX%I@ MJV!.F#]@[A7SJ?^L#"?F(=\@2TAX)LCDK*&\`M[?Z76ZT=M_-L'UGQ<0(Y+. M%Q[HIO5RAL^QI_0\GA'BRRH."X$/R](=%J"2&?$!W-N*OT+,O3.K@I$HJ\G/ MD\\+E9+`6I6*U&,=E,D++&?7'G_\_.W)X';S5(:*2PR+8(^?)+_C!JXZO;6@<68!+XF/JO5""#)%#IK+X M5;=8J%)B2;9(;66H]E/=]D+MZ04ZT:&6=`(OC/81?$YAD"AW41`G6YI_02*.(!$K1.(84Q>U!BNTN\+HJ+.'O&`7%.#&3"9L> M=U*L>:H#Y"+M"#%G89LWP?(A[/4"V9QBO&@I!VD1SY?)D]!EFNU.W/+]'#_^ M/I`2&+@(A&H:DA=X^(%XX6N_QW`9L)8]AE5)7LYG]&V6O0VS#X2#N'").&MT MVNV$$!9.RMSY_CF&:,E@'KE6DX(Q$_R)X'.=OF+=\`)>-]4&+VF@1T*G,Q_8 MLZKF.T$6F+I73PO")*GTCQ)P,T-T+1M"*VL-+<.A<_:?[R"#A(GS[X`N5%JY M)5H#Z;`LBO,).S,*6?5YDZD;`<5%N3`Z'/NQ;V*@C`=6*Z%V;C@B6)(9]]SA M?"'X,IHQJ;";#L=^JMC!;M5*J)W=!@Y43$%8#%Z2A2`.#54#?WLD5#9S!W,N M?/K?\'FI4C2UPM[>8.83O7KYQ+X57.!!3;LN%,X%1`/K+?3;5;5!"?A.`N2[ MG\'5SS'XRJM9Q M,>(VSM#`,A*@+B;I-7-2AF1GI;!R-5"EX[4VVP M:C3HU6RH*)M;>ST&")>]U30@$5+5?X43#$E75P!K':;ND%W@!?6Q5[!%K"#_&N#:+V",;6:NBMI9 M\5[ML&#$O<*"43:5J3GA"75TLU8FN/9K'F,KFJNB=E;<&(&@L=\FR5=CVL^= MIM*5#\MUG[?944(-H%;0CZVLG"/X?.S]1\7;_U.;D7K:S4CH38K$+\?90U5Q M,B#%_]L,_VM?&4X@$&$N+]8W&(5,\2F\08339%>`&JU%IE31J4? M[1*\)D3&;.E*D%(4^QFOU!"YPJ-"[L-/4/TG\)[A:?N6/(8;;.502FA*K[F( MIP_DP&^??.@D&W`'W,L;G_IMP4:2@S,[RK M@1F*I*N="5;"1$S#.9EP039.''ZB MC(OPC%OD2U`^I:E$DTV?B#_C[GJWIF;T.2H3]H/6@L[+AIF"`:FF8ZA]I56G M@+H%]RWQ32'=\?ZF;?E6RQ(YX31B:Z-;E2!/OQ;6[S4GDK MJAAKZQKZFWA22P+OM$L""AF%V#59$@"C*9[N!%]24,WY\U=)(')6P\O`\>FR M8D//-C3^+^=@#IQ)MS30:YR<@;P@U`G&2Q+]'K)D8Z[VW,TO*!S`ML7J>05VS6RJWR5P5ZCV%R,.&+49!1U^-;>0 M%;7).)FMA(HZNF`KVNBJW]`;'>9\`47[2QR[&_?%PMO\"+5PMM] MJE!KVU-I3)D_:FNFH)KNT\Q>XIN:P7BO;K.CTO&X#`2!#ROHXUQA9W2#;XKC M#UF.0R)(44%`!H5TPNF7D!+*..(AQ='<\YL2X=>L"#$B2F$>@^-*;9]F63V^ M5HLN!M[DL=/.\AAAH!CE.#SN>@]P2I).7I*$+J(,`>7PQDF@C6+B**$>>E%( M'V4NB3GH7&G9+<(IL;I9L=9H*,$[!K=FMPFG6.]E60]IH!01>+I)YAB2%-XZ MG&+\;2ZQ*Q2TPK&?WC-7#J>X?[=+DD=O(I)'.CNPW77$*?%RHZZ9>#'-(\EG M&UL550)``,+)`53"R0%4W5X"P`!!"4.```$.0$``,5976_;-A1]'[#_P'D8 MD#W(LN2D:]QD1=JTA0&OZ>*DZ]M`2[1-1"(SDK*=?[]+65),6;:DU&;SX%C4 M/8?G\.-2NKYXNXHCM"!"4LXN.UZWUT&$!3RD;';9N1\[5^/WPV$'2859B"/. MR&6'\<[;/W_^"<'?Q2^.@SY2$H4#=,T#9\BF_`WZC&,R0)\((P(K+MZ@KSA* M=`O_]NYV!)?K[@:HWWTU08[3@.PK82$7][?#@FRNU./`=9?+99?Q!5YR\2"[ M`6]&-^:)"$C!ASY\>.=W?F_@]P>]UPWI M%5:)+.A[JU[VMX9?1)0]#/3'!$N"8`:8'*PDO>QLF%KVNUS,7+_7\]QO?XW& MP9S$V*%,ST1`.CE*LU3AO//S]FX=N1:XF(LK[Z+NYG((9[H:J`&P&G[GK MFYNA=`_UAFA)!S)U,N(!5NF:JU6$=D;H*R4N*Y(-/+CEY`T+_7]_QU[[\VP:JG1]A.DL:/$8R-^_V"W^%(C_-X3HB2 M=0HK@X\KZ0L6,"1SHB`\:J6O$GEPL7K?$CUK\F9Z\ZBS%\Q6[4#N1QU5Y'LL MYQ\COFRE<0MT<(GKU%\[PZ6P(ZP]28,1E_(+$>,YK"#PSN.8L['BP4/]^FN" M/KCH6[(@+`%,-DDUNQ$'%]=B^&R,U1">5&)RAU>D=@-4A!Y!SH)(I7?9 MD-W0"%+_)RS_@0<3>)@:,D4$W'5N201;,82$II[J1;^0\/!))YE(\E\"2CXL M=!:IS3<[X@\N[`8.!?&>PQ'+9O#@2HET1K`'9HT.Z4;@PV='#MU!KP$1M0JK M8BWGR3L\B>KW5QL.RP:NB<(T^DX')9)CIK*LJ\]8Z$>)!6F1VG9!?WRJ:V_J M0!WLLXY%D+NO"MY4N.,=)'\5TB\?9ZGP.5"(()D0)Z0@7Z:9).MH48JVN23'$2J1&#(/RW)?\8B/D7/:'1RSW`24C@:[9O8KBX8'L[V>M!@E**M>R@7 M(PS5K_2VI#*(N$P$@8LBVLHJ;U2(,`3_41:56A_3JN+&ID2O5Y:X1J`,8D7B2TL9AA%OVTC. MBRA#P)R>FL"-,G*4LZ=+*.5'60H:A'&=!;+-RB*&\7U:> M6_P%02P,$%`````@`J(131(R-[`W*&```04L!`!4`'`!A96=G+3(P,3,Q M,C,Q7VQA8BYX;6Q55`D``PLD!5,+)`53=7@+``$$)0X```0Y`0``U5W[*]2*1?$`:E9#P<,9BB)^>L7 MP#PX#V"`&5)`.U5V:+*[YVO@F\:[\?,OC[,(W1.6A#1^LW6PN[^%2#RF01A/ MWVQ]NMX97;\[/=U"28KC`$D_' M.Z?QA+Y&YWA&CM`'$A.&4\I>HU]QM!#?T'^]O3KC_\P>=X1>[/YPBW9V+(S] M2N*`LD]7IZ6QNS2='^WM/3P\[,;T'C]0]C79'5,[<]=TP<:DM(7)=/KE_PYW M'R<<['N<\J\.]P]>_N_A^_U#_M?!JYO#_:/#%T?[/UF:3W&Z2$KS^X_[^7^9 M^L]1&'\]$G_=XH0@7@-QOCV?7XSLRPSMA M+&IB3+8*+6%%I7?PZM6K/?EK(=J2?+QE4?&,%WL%G-(R_S7LD*\@2<*C1,([ MHV.<2B(9'X.T$N)?.X78COAJY^!PY\7![F,2;!6%+TN0T8AB`>]$@\Z^$$\Z+O\ZS-\2Z(M)"0Y M^;1^O:K9RI7V7(.])"RDP7$\#'53VQ-\_NZP=`T'JOK.7;BA*8X&@:]J.H=] M3H:5^$K/?4GS-H0,*^F*9AUV)+X\XY]JP,ECRAL?$A30A:V.`"-N;KNT M3L!*CZ.[@BI60\>Z4WN\%)-P3M!0?)#]W]@_R M-OD[_M67#,45F88">9R*?E##?;V8"[:90`I.Z62\,\<`K,F/G!(K6=DM]4>+ M=YRK#$>G/(H^_I,LMNL?"91],^8/L37!"^"E54Z*),^1=_I/J51HLXQ6QY$D:$)5JW6W)N2:2!62=/0P@0:=3( MNLA2:B"IXI$A>3"\(G/*TC">9HLZ^N&71MSQ&+83=&,HJY0%Q)Y.@%H2?9^@ M4B-?B4.Y)8]LDFQ^Q]O1*67Z&9"&E%ON*"'6*5,3`<04%2[-S(<4186LQ_!" M9S,:7Z=T_/7Z#O,BN5BDT85$ M:5)\T^1-_O47T>>?> M`+!-,I:JB$Y0J8P*;?1;H?\[#'*.DH2DNJT2.B&7A%,#K%*K+@&&1$I8K4EH M*02)"OG0T(H1+5GWQ-#`;?.C(0B,)FITNOEH2*QYAY,[C6O93RXY4053I8#X M'DR-5\"T*IC_!*-:+QF9XS`X?IR3."$Y\30.:61=5GPGW"H3E()@J-&%KLF5 M7!:13!A(.*B%,YN0Y['1,#863GF15G8\FXM-0PJY;1I!;"5S8NILV*FZ#3?VSM2CCUD/4#"R!MN.39DJPF)';J$'@X@?\?@N MC`E;5EWZP&C2G,VQ47!).C/P*M7TTF`(9H38I-7%9!*."2*P"'5&<$+N:!2< MSN:,WLO1?])%J"X%EX0R`Z\22B\-AE!&B$U"E0HHK&C`H-5H/%[,%I$XHO.> MS!D9A_(T`_\<$3D1%0>CF5C6_5-^KXW6NM[$QLP[[;]MN%!J7;\-V7;S.BB/ M6#YI3>NFL%;F45"Q#^,MZNK$#.CWP.EF]NU>PAK+6"!M\HS_@B#W*R_2.\*R M$=-8<8#V-[TF2"O*>QA=A MQ-^`#SCY3-G7,)Z>QBGAQ9!>$1E4+S$G?,.[@3:<'6,=ZEYYDK6O`>]\6P=U M:^M>:0:%,:)A),/=%"?H(;/%O\Z,H1W$,GMH+@P^$5NY+]R1:QR1Y(J,27B/ M;Z/F*84N06>\ZP1:DDLI!8-!7=!:88H3XZ]X-G\MJ9$(',@- MTR7O;(H5<-UZ>U/*Z8X&-<3:YH6ZB'>J=.-J;4G(I43O7(C!8(:R8>[3B`/H M'EEWBV!UOKL@JA<4-MDCVN0Z4^=*B8^5)?V2$BP*U#"IZQQ2;9^%^#:,PC0D M">]4R?W$8M:.L$0,`M.E89AEK^YT^K6G4[7)6$M=,$U53\"MB=J5NNP,5PU\ MCS(3X*AJMY6J2\$3'2TV5>FE(5*NW_:JBB(,3HW&8[J(T^02+T77WK"[0B/L M>)J^`W!CTETA"89#G?`4,^%2F(_%EYL8@FE&XXU>?[,3I)%Q-@;7P2N'WTT! M[Y7=A<5-"!K1Y<:,F#(H@'6FE3))'>41;^R;LY/^UO[^_+/]F/R6OT\L?M5R\/^9]7<@+PY=^V#_-_ M9A(H%"FT`ODC7:68V$;\MSD9I^$]B8!PNZ=AW27QW<>S MZ]O!&AMH\:F'"'"[=:9EQ(&KC[`6?HK,W&_6:WH:A9AN56'W,FK3!0N MIVKX;/B4*0#EDC[%JYV*5U9ITKO:R,/EESFUJXID&TSIJMOS4J35*S\D%Y.+ MN;A05UP0]RG&BR#D37K7G7_];;C;,S/0O=6>FIX&O#-P'=3:G(N5#1U6AK::!R>$ M)#D^[1J(5M[M6I,!=GV)22,,AE$FA*V9_)J\..V)V0:"FZ:[]8]%M.3?[I^3 MA^JXXX2R?-=C,DKW=W\\*"9/1C.Q\5G5Q`^UY*SKM9ZK90=LF!GO=%P?>SNE MTA1GK?"D_8'<'0\N96,W-I_*R+N*2' M"ER5&M7?P=!"`:IUA@UC(A-(5@[8G0P5.O M3,,:PY783^,QG9$S?:Y1I:07JK2A*LFR$@-*EQ9`5:*Z4AIEXC!H=0^O6U(N0XD&8C5P M-$2@9?=5PVNG%,P3!N:C'A@$T4:ZOI$12/O3J]V!U;TQP>S*"Y8W.1MK;C85 M?8I^V@FOO7K]>&W9$(9R>1N\"-)/H8Q%T8N[)(D)=)4O.EDPX<0`L+7#)A>7Q\FE`DPB MO<5).+9T.9?U2:$:W"[^2$&PY*FB:S)'_@:3+._#:)%JCUIHI7T2I@&YBS*Y M*%C2U/$U:7.RB*(ERF5@T.O:5OB,WH0JHX[NZ0JK?@1O\\\!\YX\H7/M@W_EHU!* MQ06/V<-0S-_"B#](?"L^CT4\?+;@C^$OYW-4[N9`N'S4D>-XN,86/$UEQ/U4_1)6[TPW5=MZ@$FJ M!=NDY[-"]SD*ZP(Z1ZM^\_"A_[S>VU(,1)1MNV(7(7`DP$]5(%=OF,OX]*YCX7%`1N[EW M4(E:W$I5G(T;J@:W;[4?;M4LJ9RC?B8TT6G\O/<4 MM7?R9@<"UB"OT@``\G8X9D%>A;;W`#T8LFE=I=3\5DA[$L8X'F]@T;#3$``2 M6SAJ0>8.*]!);89N(G=I`1RYN:]C0@)Y1DMLC.(PR<7$?$>8A9Y+ZEJ[466J M40D,,6V1-GE8Z"%16HAW;.7U=4);;-085^[,@\%&^Q=P[3<8:FA=+Z1^$YU; M/6YMY[8P@=XN`0=3Z2QAH3CB6A_":@JH2\'IK0-&X+4[![328`*F$:+F;&`^ M2_"^.DL@;'G:X2,>K:L!Q_MYYK(TKU/,TJY7OH9,V2T2)7XLYKILRMKA7N#%?)YM?,!1 ML?7T-)Y0-I-I!TS;@FVUG>X0[N=2;;.PG2J8F-L/KY*IXOI;=$(9F"T!638+ M`4N[QE(5\9%3J@I.E5!*_`Z&(PI0NAQ24"A0YCCI9$%#RDMZCSI$95J/3`00 M'52X6DF@Q.]/M-IX3E.2W-!\3(&CU24_77<\V6@Y6SNT=Z%<(C2K>*=(/YRM M[KQ0%%M62U6TTGTB*E6/QL;!\2-AXS`1"^79L4.5?T859R2R!%\RR"`/@SYV M(%7<00=H!^4Y_V$T1-?C.Q(L(G(Q4>:=>+O,9@/?13A);LAC^C;23]X.M.6T MW[R.N[5>]!!#WNF["?1*7A]R7DM5)$X/B-%?=AI?'MRKW+D(@_3YG6OBZ,,T M#L4HXI)&X7AI(KB%GH=K\,QN*.['TRN!(:DM4B4A7W!"%E?K52S`X%_[7GF! M^7V8C".:+!@Q!EI[?;?'EGNZ53_#;*D,AI]]$2MY^I+S%%Z`+`=0]ISL5O$R M<+5D7I<\&+)9@%3RZV^<7ZM\E5!6M*Y()$ZL76*6+F\8CA-QRH_&B3W=>EEP MVRCW=JW>/%NK@^%F?\Q*JOX@J5KD\!5+9,6-N!]P@CY3]C6[D23/!2_:=_E< M)!\,@]C7B]N$_+'@^(_OY?E:4TNNEW>[G&"`75]`T`B#(:0)H9)^/W)&K111 MI@F#56),E>7+GI)XO%R]5[K]*ET*+GEE!EXEEEX:#+.,$)74^DG<[BWW_Z]T M0Y+P;\_XJ&0*Z`:WLY!W9`/>E;5OB;M5G++-`GR-;QWRD5+#G_(UZ08BZIMI7P)KN*MV/U8Z@E9Y/9Z[E:SG$/,^.= MD.MC5^9#;$X87M0G#%%FZ8G(V^V$J@!,&L[(:`>])%VW.`QR66&T(M&&9YW7 M#'WO28K#:".QKV4*7/#3.-L[^C7LP&#H>N`'Q;_KYCT5@"D&T;` MA)>AR+L#S*89;1R-5;;_YKWGA#3'@8>35PS'%>,M"VSL3!T/6 MW]'(V[9<%Y7*,()JF5!%KBIP;,L)90^8!A M=(ASU2C:1]\[;=<`K3HQNDIM*E(D.XB7Q:+[:7P11J,X^("3?+V]6&ZOKO$/ M#:J;>HJ7R+O9(E*&Y\T\POO+\+1^M0-]N6/D--LQ,K+<,;+Y9D%W@J/P^HHN M<:3+**B2$,:T?OH)&' M_2'O'82KW@'+>P=STWY2*`M>H.I'#:XUO"E^1WQDE*4.DWJ[GLH;1'ID:/6X MIB/.TR0_'3_Z#5T4I.AG`!H3!J'_MF/P/Q;1DO>Y]L_)0W55^(2R/+M],DKW M=W\\*%JAT4QDKV_5_#`SL.I_+1]:=WEFRXRA-"&#?Y[OG[_W*1)FT)R_^8G< M!(.E)2]M`B-7@I6[75!5/5@_XIG\]>J/\IK:_S4S8:S2<"J M+RNPK9I;:JNJ:\#9<[%HG#!$Y.> M7YF^\X&@JJ<#H>6\H.O2+Q:G1_*:S'S4KEIRKPD`VK2KQM6Z:EA*;:-&?\OM+)M;ZT^4E=R45W;X_%N%\ MIJN?#=F&5+6;=JG%BM4#4/4)VZA\AGQ'JT_91L5S^"?QI&TI4C[,$[6TSI\3 M)5VZY`%1P`JFX@:*:@75ZV<;<55/E21G1K-0=,ZE]<%6*0BH6KKQM9HZ.6U; MA."5@M>F3M_&`2KG!B!UJX9^>T\F>!&EZ$QH_^ZI6"M3_1W=B+84H.+N`-B>N MZRKV("@CF\/'`Z*.#Z]UB1!D_,WNDUP!02LDZ%9"*;HLV0,JZ2)Y%[UZY&N; MAYF48C(`8.Z%RKJNW/C("SH_3ZGB[S!+@*BX MI@.M9<+<',KMH+.:3M\O\ MVOIPP+7U[NMW\]>U@J_?+M`]Z]?RWM;J5V?\$_^Z^(K_=8L3PK_Y#U!+`P04 M````"`"HA%-$W"7S#XT0```\[```%0`<`&%E9V`L``00E#@``!#D!``#M75ESVS@2?M^J_0]<3VW5 M[(,L2TXR8T^R4_)9FG%LK^TDLT\IF(1D;BA"`Y"V-;]^`1X2+X``#P-*.0^) M0Z.;Z/[00*/1:+[_]7GA68\0$Q?Y'W9&NWL[%O1MY+C^_,/.I]O!Y/9X.MVQ M2`!\!WC(AQ]V?+3SZ[___C>+_GG_C\'`.G.AYQQ:)\@>3/T9^L6Z!`MX:)U# M'V(0(/R+]1EX(7N"_CBZN:#_C5]W:.WOOKNW!@,)9I^A[R#\Z6:Z9O80!,O# MX?#IZ6G71X_@">%O9-=&<9[>P)".BC\=[HS3_' M)WMC^M?HX&Z\=SC>/]S[69)]`(*0K-GO/>\E?V+R]Y[K?SMD?]T#`BV*@$\. MGXG[82NH'VF)\0])%'W+I`-@F@@U;[&XK9@_QNDS0;L MT6`T'NR/=I^)LY,J/](@1AZ\@3.+_4N'QOJM%`/LVL!G`W"^FF,4+NG(6`Q9 MNR'%*EQ`/YCXSJD?N,&*`8<74;^I+!'C!PQG'W;8J*#O'^V/QO';?Y"A#59+ M:B/$72P]JIMA^PX?`8_I^?8!PH#4];"R<;]=N@:8JN0!!K2YI]2_2LK..\N, M$3+4R-7L:LFF)(I6K2+%5+UV\AB0AS,//2GUL434>1?C^;P6X4*S'L8><>T+ M1,@UQ+?#'7GG;Z!C]`/*9V-YKXK,]7P*3KOG(+Z M7D)74^I^+.`=>(:U!E#1M(?N/$(2,"N;^E>N1Z?^DA3/X"8_G9P M`SUJB@Z=T()5?:<;,NQ^T@GO"?PSI#TY?62S2.U\PVG?><>NZ**`CQ%=8OTY M]49=2`87U`;F4HNT%''WLR.BKZ-OM2&N[6%5VQ>>)^_`O5=O7RH\7EB`$Q@` MUVLI08%)GU-9\JI+@)DK\0@5IC8>J?ZI3EVHCEX@$GU)N=`W1.9^01_D2.!S M0'>2T$D9,;F[VS?0QXQ=LMD;60,KI_YRI@H\A@VZ7ZB]VC_1Z"].T>/ M0P>Z0R81^R$2;;`W2G9_/]!'7^-.W,"YRU[M!VS'72$";5K=LMC1['"98-M" MV(&88ICR!-C.#9+RAC5I,5Q&VYF!_>!ZZ_$UPVC16*>)_E"-1%DUT[Z\.!;' M5!+J\4^I73W_#E*2"W%&VU3#D6TAJ?VRD]JN$U:ET MZF&XB(K@L`"B6/N%II(P[!L-0Z7X.O"8T-XXK$=G'IA7XU!H(JG_-T;JOU)< M'7H_#C&3]?#,:%([Y&[S:V MZ!NX1)B%E.*S/:&3RZ&01.=G@]$1*T,?2-%@.:;S[!QAX0:DT%`2D@.#(:D4 M7:.Y;*)K4;R-7(5!E#Q`1XO0:(1TTMM$@X&2T8S._4OLL\1N_!E]QIGC!,UE M43)S-U^K!_W@,(=2&II,8UE@S-[H_IS0F(E-&V'U@R0^PBFD`SF`"SC\06]@*1/B@,M>?QUW:FKV9GKTSZYU`X0 MB4Z?!='BA%R.NK7E-!=O0@C5;[T@Q7:Z(L9*>LU;#4>2[N>QMF@D#J4L**7F MVN+'8@U7P<`1U0PT6/H07_GQ;[5%BZ74B"IZ;)*&KS%<`M@`'A1 M2\VVA)80!ZMKZCA%[N2?H;MD2^0EE%A*Y*BUA:%55A8519AA<1\!%9LZSJML M;\\Q(E5[FH1(1*,M%-T$`20MEDF074!`X`/RG.EBB=%CG'%<`YF(1EN4NCUD M]:HP`[*)3;?,891'=0*I?NF>@6F7_NS!2,V^,UFP$.Y?T7.N1@1+8F=OT!86 M;S\]LE@9/D*9-,6W6-H)#GJNHC8R](D>[0-]_"SQ( M;J`-W4>62,^!A]-67T2_*09"H=+%E\5A+J+#67AZ"TNHP0' M3PJ3L*@42'$UD<>EMU!-$UR$HF^[MQ#+51=JDT=.;_PE+\VV8W/A@GO7S)A1,[V6/G43T<@BV%L< M1QD&+HI&'\U-;!N%/JN6L&(N4_UA!:>]+%Z]!5HD%%X*KP@D[\DY+WA%54L5 M:U=N)JO?WN(4\OJM%L"D07^)`B@]XBL;2Y]6ZX=#)(9)H%![Q"%U:4J""2Z=Q;U&-EA!ORXXID[$?5?+CHU5N*8M1;_$+951XTIJ!Q<1QHJTYW:0# MUYGZQV#I4N.N*$A5X81(T,KBU6,\0A$O>8V8@>`-J^7B0^<48-_UYR1W>#YS M;5'`7896%L'>XA'*",IKQ`P$RP*JK%_R"/46@>A@I?I>?)*Z);QYC%<>YY>( MA+1T086Z,?CF475IU=PUI'WA-23KQQR+?[U>2_K.=@<&GJMLX;Z`&LD5CD1V M(JE0;S'@J M,!2KJ%:+"DXI@>[K4^TQRHMN*#[BF@\\T9I4?.@MQ-4>*;GR#AH=QIH2]SEG M\4W!6=S06FAF;:BM'S_Y('1<.ODW7'-F-N2SQFPFQS.PO6CPJNL$G%RJ[7>59=FH+44:D<8 M*FK+#(CS73V#D"3=%464N22ZW4!5"(I!Y1I=])1U\UOHK>C3O4OXE/5SSA!. M$B+()-C;_6F4;B8F"Y89Q)GEFS+3[1TVA*Z-R";988WXC:=8_5Q&9@D?A5 M_CP11&`D%4UU7Y]OAPI7]FT_4%L+%G^YY4)8'J&RL>Z+\!T!6Y9_VZ&]1#[* M2R>]^Y,@U5J#MJ-]G[2&>MH^?&$?"*)"P"#P8BDX6X.JAMJOFLMK#XDE,6F1 M2^]5UWKOI8;:[Y0YQ(?GGR$P0-R-G48!+[1BW9" M^\7]YG/-BT/U?8QNJHI$PT?4WYV)LDZY!-K+"K0;-5P5F.$Y7,)`9@]5:*:] M8$#C5:5*W&VWM32E>1UOKMTI\2FT7S1OBFR=$LPPMV(OHT_FRN.4--=^N[Q6 MV6)L"BJ]^U;6H6N,'EV*]-'J$X'.U%\?C$WLP'V,;Y75 MGQLUX&7.Q1\NFN6M;T.-F>$8]!NIZ&T[VUSK:I$+K3F=_PN3\.4=NH$V\FW7 M@[D.WZ'.K+6?M^G.).ULG/0)AAG#KE\@-D75DY@_&]&.4EUD_JY6(6'[H33SDQ077%FS)OE?JB[PDD=3'%]23C;Z6TX*C[4TW-\6PMNDE&*^]7 M=!&!,B&#ML.0AJ+FMCU3@R-QG/_5;JQ4\M">_=E=G%*@(Z/G@:0N4R<1:2$O M[7ERW6$MH3,S,*<=MR%THH1.=L[*:KI1Z67JI$J0ZL^R:PY/Z=.,<]6O[8$-'H3\#L:BS4:\8,:V?]%&-E M0,9EIZBTMKUE!"M=\'%@A@6*\?LZ-B`MLU,$F42=8'CJ&W`4<1LNE_'Y"O!2 MUW'JSQ!>`,FZL[(,M.=R-G"2%;5CQJ2:WGMBY?)%4]Y11AUCB/DH=9_E%ZCZ$Z`I`;_C\5AW_$Q&)<+,K&BOA$^;81)RMF]5W; M1DSCI:Q0H]]@`A=Q3S(T\8S6K(;KLLKYVL)IID4@:6I0G. M?3>74Y8SPY^+9I@06EG*5ZN3K3*`UPYD-I M.1,:E4THY6NYOD4Y6W0?:5'>5L+<2KE';E[$WXI?\&IP$@[>!I`[#'Q".\3J M0RG9GQ*3K33'!FHRRSIOPWL"_PPIY]/'W+60G/&-B\:W(;,2NE>;DC@=RNM: MQO'CDVREO=2JP"SKB/-VHS)Y.;R"B!:O.Q6Y(;6C*MPKSK;;!DC@H%*X,5DEO1HZ5@74+ M^_EZ94>`*@N]!6`G9?$4OLNLS$A;G:(7@[Y.B6:,@!0 M]N0&K8`GJ+]3U=`42^X6P=SM`:YZ>BJ<=`U63)*X@AITKGQI@*0H#=D.]PF9 M@@9[PG#SPG4=O'JKRC8U9.?Z,H95UI'28IG\AOUU#PBD3_X/4$L#!!0````( M`*B$4T3`5@8BB0<``#(Y```1`!P`865G9RTR,#$S,3(S,2YX0\M@.>);*RY3H/H#B1B*2VL"_SY%Z!=KM!MOWDF`_V(UTON]LDCA2RP>_ MS,8^N0>IF."'E4:U7B'`7>$Q/CRL?.HY1[V33J="?OGY^_\0_#GXK^.04H^N)0+J0<%$8#K_]WJS.!FCL M*=78U*PWWO[0/*TW\5=C_[99;S=;[?J'DO2:ZD`E]/59/?HI!__(E)N`:WOO M_IB^GW79U^$U_Q`<][_./O;H_)S1&SW][?.L^#LY MG_Q^7JL)()WK15%7)8:];KC=K7CY<]*U<) M!=LSG_&[//'&_OY^S?;&HBN2L[[T8^I6S73WJ8*$&7M9@3SC2E/N+LA[.@%D MA=_5PLX%498KNA>*LE@T4,Z0TDDB.Z"J;V6C#L0T6DZ]X;0:&8@4/JA3#.=]?3LJ;G$ZBAD(-2()F;X!X'+0+0!M.<;YWMR;'NZ.SB(@%0RT>Y MF;W#^5"*8(+3:FQAC:8!@0]CX/I*/"N^<_V>2)!(8T%76)#!(Q$'@"YU'<#?SU,:DHN)&J(`__4 M5!Q3W\SOW@A`JS#VBTW%P6YBA,TR"U&T(RP)P:_!S43RADIT<00:Q?V<2"_V M%X>]51AV\F:!Z\==3T,2*74]N)Z8:@@51X/]@;[B\+]="G]*0L2`I#3DS2=. M`X]I\%Z3D`GT"56CI>*%,<^/?+ M@;=LQ-`1Y".6T`YU2TDLYZYGI0OWP`/H@BN&H=8P$SGMQ='_L!S]B(%D*'8] MV"OCO?S@WE\.[^L@3N/:X?@(MW0&T==CMJ$PKHWZ@]*F1.CP M:^;CSO*"JB]"WC$^['`-Z+5VNH`^@(?ULY['T5\75IRCQFJ.8@6$<8(J[$X5 ME9!("XG5V'7(*B)6TZYGM!?T%?P5H&=G]Z;RBZK)Y=;B?#27\Y'B24BPZV&^ MQHVD/!%!>:7>:?;A0&Q[X+;Y@WC846Q\<0W M;VYMVTC"X+!B7K$[\:N^;^A:=3;V8Q%#7?`NV`Z>Y6A$BF,**MT5EI5WU4@B M)B`U%G:UV/B80#-MX#<9-<3HP:6\]APN^[2_KLL(`?\%?;TT_,_J)(Z^=9U< M&K`OY.I)JN59'<:ILZ[#B[/MA?P]391DW8U>IM?2M^G1Y^4W[@?HN)":\)6W M^$4W-<([)I?"M50%$//)B7&.:7(:3:?5J,Z4EUJZCA%I&-8S(L9M8(1E4^!6 MA^(>D\H6+E8\8$4NQCPX*;BL_L*[*D7ZH]D\W-L5P;V%/B MBDV9D9)%7H5`,U3VS5!I[#W1F,T,>CJL:!G@+.3,]\UV,?YLKWNU<=%BPKNU:ZL7R.@<)UQK0PED M,56.8:^KT![E%7PY5.QUW]\,X$ MA@#Z3"_ZCSLX+!CE_!DB@-:CZ3V*>_8NN,#NC9&QFP]U;JDO/7`#R4PE/Q&* MF0/7T(V<]HT]<"5X+^E"?$\@_^)'2*NC]NZN?A;X,]Q!:]?P=2>5JB. M4@%XYT+>T+D]5#K2]>K[1GQ*.HC5$_G;G+D[N,Y-9-Y^M`FQ74_$^`J0IF(%VFC$7A M]$R^8AX56]N1\!IU6\-,'_O"O7L&9]*#GC('ZRM5TH;HK*0G!QM=RWFWW`R:^Y2\]9^PZ2Y*#BE?SB!I4!;E[:L_>OM M1=:)S',Q;UWX$G>Z8D[];+&1V[.E&QXL;4U#N#&IML@_- MR=A"W_\]9P>U\,@&'_\&4$L!`AX#%`````@`J(131-I1RB(O*```5DX!`!$` M&````````0```*2!`````&%E9V&UL550%``,+)`53=7@+ M``$$)0X```0Y`0``4$L!`AX#%`````@`J(131/6J7G9Z"0``Y6<``!4`&``` M`````0```*2!>B@``&%E9V`Q0````(`*B$4T3L&?4?I00``,P@```5`!@` M``````$```"D@4,R``!A96=G+3(P,3,Q,C,Q7V1E9BYX;6Q55`4``PLD!5-U M>`L``00E#@``!#D!``!02P$"'@,4````"`"HA%-$C(WL#&UL550%``,+)`53 M=7@+``$$)0X```0Y`0``4$L!`AX#%`````@`J(131-PE\P^-$```/.P``!4` M&````````0```*2!4%```&%E9V`Q0````(`*B$4T3`5@8BB0<``#(Y```1 M`!@```````$```"D@2QA``!A96=G+3(P,3,Q,C,Q+GAS9%54!0`#"R0%4W5X C"P`!!"4.```$.0$``%!+!08`````!@`&`!H"````:0`````` ` end XML 13 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
Common Stock
6 Months Ended
Dec. 31, 2013
Notes to Financial Statements  
Note 4 - Common Stock

During July, 2013, the Company issued 500,000 shares of common stock for cash at $0.15 per share.

 

During September, 2013, the Company issued 600,000 shares of common stock for cash at $0.15 per share.

 

During October, 2013, the Company issued 700,000 shares of common stock for cash at $0.15 per share.

 

During November, 2013, the Company issued 900,000 shares of common stock for cash at $0.20 per share.

EXCEL 14 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%\Y-V,S-3=F.5]C-C-B7S0Q865?86(Y-%]B9F4T M83=D,C(X,S@B#0H-"E1H:7,@9&]C=6UE;G0@:7,@82!3:6YG;&4@1FEL92!7 M96(@4&%G92P@86QS;R!K;F]W;B!A'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I.86UE/@T*("`@(#QX M.E=O#I%>&-E;%=O M#I.86UE/D)A#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE M/E)E=F5N=65?4F5C;V=N:71I;VX\+W@Z3F%M93X-"B`@("`\>#I7;W)K#I7 M;W)K#I7;W)K#I7;W)K#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/D]T:&5R7T-O;G1I;F=E;F-I97-?3&ET:6=A=&EO M;CPO>#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DEN8V]M95]487AE#I.86UE M/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DEN=F5S=&UE;G1?:6Y? M3VEL7V%N9%]'87-?5V]R:S$\+W@Z3F%M93X-"B`@("`\>#I7;W)K#I3='EL97-H965T($A2968],T0B5V]R:W-H965T3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\Y-V,S-3=F M.5]C-C-B7S0Q865?86(Y-%]B9F4T83=D,C(X,S@-"D-O;G1E;G0M3&]C871I M;VXZ(&9I;&4Z+R\O0SHO.3=C,S4W9CE?8S8S8E\T,6%E7V%B.31?8F9E-&$W M9#(R.#,X+U=O'0O:'1M;#L@8VAA2!) M;F9O2!);F9O'0^)SQS<&%N M/CPO2!296=I'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)V9A;'-E/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^)SQS<&%N/CPO'0^)RTM,#8M,S`\2!A(%9O M;'5N=&%R>2!&:6QE2=S(%)E<&]R=&EN9R!3=&%T=7,@0W5R'0^)SQS<&%N/CPO'0^)U$R/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^)SQS M<&%N/CPO'0^)SQS<&%N/CPO7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S M+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE M<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA M'0^)SQS<&%N/CPO'!E;G-E2!A;F0@17%U:7!M96YT/"]S=')O M;F<^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#XG/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^)SQS<&%N/CPO M'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO6%B M;&4\+W1D/@T*("`@("`@("`\=&0@8VQA6%B;&4\+W1D/@T*("`@("`@ M("`\=&0@8VQA'0^)SQS<&%N M/CPO3PO=&0^#0H@("`@("`@(#QT9"!C;&%S'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA MF5D/"]T M9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XX,"PP,#`L,#`P/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S7!E.B!T97AT+VAT M;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@ M("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$ M)W1E>'0O:'1M;#L@8VAA'0^)SQS<&%N/CPO'!E;G-E'0^)SQS<&%N M/CPO'0^)SQS M<&%N/CPO'!E;G-E'!E;G-E*3PO'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO'0^)R9N8G-P.R9N8G-P.SQS<&%N/CPO'!E;G-E*3PO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^)SQS<&%N/CPO'0^)SQS<&%N/CPO2!$:6QU=&5D/"]T9#X- M"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XU,BPR-#@L-C`Q/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S3X-"CPO:'1M;#X-"@T* M+2TM+2TM/5].97AT4&%R=%\Y-V,S-3=F.5]C-C-B7S0Q865?86(Y-%]B9F4T M83=D,C(X,S@-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO.3=C,S4W M9CE?8S8S8E\T,6%E7V%B.31?8F9E-&$W9#(R.#,X+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C M:&%R'0^)SQS<&%N M/CPO'!E;G-E6%B;&4\+W1D/@T*("`@("`@("`\=&0@8VQA'0^)R9N8G-P.R9N8G-P.SQS<&%N/CPO M'0^)SQS M<&%N/CPO'0^ M)R9N8G-P.R9N8G-P.SQS<&%N/CPO'0O:F%V87-C M3X-"B`@("`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`@("`\=&0@;F]W6QE/3-$)W1E>'0M M86QI9VXZ(&-E;G1E6QE/3-$ M)W9E6QE M/3-$)W1E>'0M86QI9VXZ(&-E;G1E'0M86QI9VXZ(&-E;G1E6QE/3-$)V)O6QE/3-$)V9O;G0M6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1EF4Z(#$P<'0G/CQB/C(P,3,\+V(^ M/"]F;VYT/CPO=&0^#0H@("`@/'1D(&YO=W)A<#TS1&YO=W)A<"!S='EL93TS M1"=T97AT+6%L:6=N.B!C96YT97(G/B8C,38P.SPO=&0^#0H@("`@/'1D('-T M>6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E'0M86QI9VXZ(&-E;G1E6QE/3-$)W9E6QE/3-$)W9EF4Z(#$P<'0G/DEN8V]M92`H;G5M97)A=&]R*3PO9F]N=#X\+W1D/@T* M("`@(#QT9"!S='EL93TS1"=W:61T:#H@,24G/B8C,38P.SPO=&0^#0H@("`@ M/'1D('-T>6QE/3-$)W=I9'1H.B`Q)3L@8F]R9&5R+6)O='1O;3H@8FQA8VL@ M,2XU<'0@6QE/3-$)V9O;G0M6QE/3-$ M)W=I9'1H.B`Q)2<^)B,Q-C`[/"]T9#X-"B`@("`\=&0@F4Z(#$P<'0G/B0\+V9O;G0^/"]T9#X-"B`@("`\ M=&0@6QE/3-$ M)V9O;G0M6QE/3-$)W=I9'1H.B`Q)2<^)B,Q-C`[/"]T9#X- M"B`@("`\=&0@6QE/3-$)W=I9'1H.B`Y M)3L@8F]R9&5R+6)O='1O;3H@8FQA8VL@,2XU<'0@'0M86QI M9VXZ(')I9VAT)SX\9F]N="!S='EL93TS1"=F;VYT+7-I>F4Z(#$P<'0G/C$Q M.2PX.#(\+V9O;G0^/"]T9#X-"B`@("`\=&0@;F]W6QE/3-$)W=I9'1H.B`Q)2<^)B,Q-C`[/"]T9#X-"B`@("`\=&0@F4Z(#$P<'0G/B0\+V9O;G0^/"]T9#X- M"B`@("`\=&0@6QE/3-$)V9O;G0M6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT)SXF(S$V,#L\ M+W1D/@T*("`@(#QT9"!N;W=R87`],T1N;W=R87`^)B,Q-C`[/"]T9#X-"B`@ M("`\=&0^)B,Q-C`[/"]T9#X-"B`@("`\=&0^)B,Q-C`[/"]T9#X-"B`@("`\ M=&0@'0M86QI9VXZ(')I9VAT)SX\9F]N="!S='EL93TS1"=F;VYT+7-I>F4Z M(#$P<'0G/C0W+#,X."PV,#$\+V9O;G0^/"]T9#X-"B`@("`\=&0@;F]W6QE/3-$)V)O6QE/3-$)V9O;G0M6QE/3-$)V)O'0M86QI9VXZ(')I9VAT)SX\ M9F]N="!S='EL93TS1"=F;VYT+7-I>F4Z(#$P<'0G/C0P+#`X,2PW,3$\+V9O M;G0^/"]T9#X-"B`@("`\=&0@;F]W6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT)SXF(S$V,#L\+W1D M/@T*("`@(#QT9"!N;W=R87`],T1N;W=R87`^)B,Q-C`[/"]T9#X-"B`@("`\ M=&0^)B,Q-C`[/"]T9#X-"B`@("`\=&0^)B,Q-C`[/"]T9#X-"B`@("`\=&0@ M6QE/3-$)W1E>'0M M86QI9VXZ(')I9VAT)SXF(S$V,#L\+W1D/@T*("`@(#QT9"!N;W=R87`],T1N M;W=R87`^)B,Q-C`[/"]T9#X\+W1R/@T*/'1R('-T>6QE/3-$)W9EF4Z(#$P<'0G/D9U;&QY M($1I;'5T960@4VAA6QE/3-$)V)O'0M86QI9VXZ(')I9VAT)SX\9F]N M="!S='EL93TS1"=F;VYT+7-I>F4Z(#$P<'0G/C0S+#4W,BPW-C(\+V9O;G0^ M/"]T9#X-"B`@("`\=&0@;F]W6QE/3-$)V)O6QE/3-$)V9O;G0M6QE/3-$)V)O6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT)SXF(S$V,#L\+W1D/@T*("`@(#QT M9"!N;W=R87`],T1N;W=R87`^)B,Q-C`[/"]T9#X-"B`@("`\=&0^)B,Q-C`[ M/"]T9#X-"B`@("`\=&0^)B,Q-C`[/"]T9#X-"B`@("`\=&0@6QE/3-$)V)OF4Z(#$P<'0G/B0\+V9O;G0^/"]T9#X-"B`@("`\=&0@6QE/3-$)V9O;G0M6QE/3-$)V)O'0M86QI9VXZ(')I9VAT)SX\9F]N="!S='EL93TS1"=F;VYT+7-I>F4Z(#$P M<'0G/C`N,#`\+V9O;G0^/"]T9#X-"B`@("`\=&0@;F]W6QE/3-$)V)O6QE/3-$)V9O;G0M6QE/3-$)W1E>'0M86QI9VXZ(')I M9VAT)SXF(S$V,#L\+W1D/@T*("`@(#QT9"!N;W=R87`],T1N;W=R87`^)B,Q M-C`[/"]T9#X-"B`@("`\=&0^)B,Q-C`[/"]T9#X-"B`@("`\=&0^)B,Q-C`[ M/"]T9#X-"B`@("`\=&0@6QE/3-$)V)O6QE/3-$)V)OF4Z M(#$P<'0G/B0\+V9O;G0^/"]T9#X-"B`@("`\=&0@6QE/3-$)V9O;G0M6QE M/3-$)V)O'0M M86QI9VXZ(')I9VAT)SX\9F]N="!S='EL93TS1"=F;VYT+7-I>F4Z(#$P<'0G M/C`N,#`\+V9O;G0^/"]T9#X-"B`@("`\=&0@;F]W'0M:6YD96YT.B`P+C5I;B<^)B,Q-C`[/"]P/@T*#0H\<"!S='EL93TS M1"=F;VYT.B`Q,'!T(%1I;65S($YE=R!2;VUA;BP@5&EM97,L(%-E'0M86QI9VXZ(&IU2!D:6QU=&5D(&EN8V]M92!P97(@7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI M(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS M1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA7!E/3-$=&5X="]J879A'0M86QI9VXZ M(&IU'0O:F%V87-C3X- M"B`@("`\=&%B;&4@8VQA'0^)SQP('-T>6QE/3-$)V9O;G0Z(#$P M<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2<^/&9O;G0@2!I'0M86QI9VXZ(&IU M6QE/3-$)V9O;G0Z(#$P<'0@5&EM97,@3F5W(%)O M;6%N+"!4:6UE6QE/3-$)V9O;G0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2<^/&9O;G0@6QE/3-$)V9O M;G0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2<^/&9O;G0@6QE/3-$)V9O;G0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4 M:6UE2<^ M/&9O;G0@7!E.B!T97AT+VAT;6P[(&-H87)S970] M(G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T M<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@ M8VAA'0^)SQS M<&%N/CPO&5S/"]T9#X-"B`@("`@("`@/'1D(&-L87-S M/3-$=&5X=#XG/'`@2!A8V-O=6YT"!P=7)P;W-E6QE/3-$)V9O;G0Z(#$P<'0@5&EM M97,@3F5W(%)O;6%N+"!4:6UE2<^)B,Q-C`[/"]P/@T*#0H\<"!S='EL93TS1"=F;VYT M.B`Q,'!T(%1I;65S($YE=R!2;VUA;BP@5&EM97,L(%-E'0M86QI9VXZ(&IU2!H860@;F5T#0IO<&5R871I;F<@;&]S6]V97)S(&]F("0T-RPP-C4L,C,S('=H:6-H(&-A;B!B92!U"!B M96YE9FET(&AA3X-"CPO:'1M;#X-"@T*+2TM+2TM/5]. M97AT4&%R=%\Y-V,S-3=F.5]C-C-B7S0Q865?86(Y-%]B9F4T83=D,C(X,S@- M"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO.3=C,S4W9CE?8S8S8E\T M,6%E7V%B.31?8F9E-&$W9#(R.#,X+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R'0^)SQS<&%N/CPO3PO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M)SQP('-T>6QE/3-$)V9O;G0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE M2<^5&AE M($-O;7!A;GD@;W=N6QE/3-$ M)V9O;G0Z(#$P<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2<^)B,Q-C`[/"]P/@T*#0H\ M<"!S='EL93TS1"=F;VYT.B`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`H86YD('1H=7,@=&AE('5N M9&5R;'EI;F<@66%S:6X@8V]N8V5S2!(>6-A"D@ M86YD(&EN(&-O;FIU;F-T:6]N('1H97)E=VET:"P@0T*9FEN86YC:6%L(&1I=FED96YD2P@;W5R(&-L86EM(')E<75E2!F2!T:&%T("8C,30W.VYO(&-U5T@;W(@2'EC87)B97@@:&%V92!A;GD-"FEN=&5R97-T+"!D:7)E8W0@;W(@ M:6YD:7)E8W0L(&EN('1H92!O=VYE'0M M86QI9VXZ(&IU6QE/3-$)V9O;G0Z(&YO'0M86QI9VXZ(&IU M6QE/3-$)V9O;G0Z(&YO2!T M:&4@0V]M<&%N>2!A9V%I;G-T($AY8V%R8F5X($%M97)I8V%N($5N97)G>2P@ M26YC+B`H)B,Q-#<[2'EC87)B97@F(S$T.#LI+`T*2'EC87)B97@@07-I82!0 M=&4L($QT9"X@*"8C,30W.TAY8V%R8F5X($%S:6$F(S$T.#LI(&%N9"!(>61R M;R!4=7(L($QT9"X@*"8C,30W.TAY9')O(%1U2!S=6-H('!A61R;V-A2!A;6]U M;G0@<&5N9&EN9R!T:&4@9&5T97)M:6YA=&EO;B!O9B!A8W1U86P@'0M86QI9VXZ(&IU6QE/3-$)V9O;G0Z(&YO'0M86QI9VXZ(&IU6QE/3-$)V9O;G0Z(&YO6-A M"!P6-A"!!2!C;VUM=6YI8V%T:6]N(&9R;VT@=&AE#0I)0T,@9&%T960@1F5B2!T:&4@87)B M:71R871I;VX@=')I8G5N86PN#0I4:&4@3&EQ=6ED871O2!P2!O9B!T:&4@87)B:71R871I;VX@<')O8V5E9&EN M9W,@;VX@1F5B2!$:79I2!T:&4@16YG;&ES M:"!#;W5R="`\+V9O;G0^/&9O;G0@2!A;&P@;V8@=&AE($-O;7!A;GDF(S$T-CMS(&-O2!E2!T:&4@5')I8G5N86PN M(%1H92!,:7%U:61A=&]R0T*;V9F97)E9"!T;R!P87D@ M:6YT97)I;2!C;W-T2!T M:&4@2!C;VYS:61E'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA28C,30V.W,@9FEN86YC:6%L('-T871E;65N=',@:&%V90T*8F5E;B!PF%T:6]N(&]F(&%S2!B92!U;F%B;&4@=&\@8V]N=&EN=64@87,@82!G;VEN9R!C;VYC M97)N+B!!="!$96-E;6)E2!M96YT:6]N960@:6X-"DYO=&4@."!T;R!T:&5S92!F:6YA;F-I86P@'!E8W1S('1O(&-O;G1I;G5E('1O(&)E('-U8V-E M'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^)SQS<&%N/CPO6QE/3-$)W9EF4Z(#$P<'0G/CQB/E1H6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1EF4Z(#$P<'0G/CQB/E-I>"!- M;VYT:',@16YD960\+V(^/"]F;VYT/CPO=&0^#0H@("`@/'1D(&YO=W)A<#TS M1&YO=W)A<"!S='EL93TS1"=T97AT+6%L:6=N.B!C96YT97(G/B8C,38P.SPO M=&0^/"]T6QE/3-$)W1E M>'0M86QI9VXZ(&-E;G1E6QE/3-$)W1E>'0M86QI9VXZ(&-E M;G1EF4Z(#$P<'0G/CQB/D1E8V5M8F5R(#,Q+#PO8CX\+V9O;G0^/"]T9#X-"B`@ M("`\=&0@;F]W6QE/3-$)W1E>'0M86QI9VXZ(&-E M;G1E6QE/3-$)V9O M;G0M6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E6QE/3-$)V)O6QE/3-$ M)V9O;G0M6QE/3-$)W1E>'0M86QI9VXZ(&-E M;G1EF4Z(#$P M<'0G/CQB/C(P,3(\+V(^/"]F;VYT/CPO=&0^#0H@("`@/'1D(&YO=W)A<#TS M1&YO=W)A<"!S='EL93TS1"=T97AT+6%L:6=N.B!C96YT97(G/B8C,38P.SPO M=&0^#0H@("`@/'1D('-T>6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E'0M86QI9VXZ(&-E;G1E M6QE/3-$)V)O6QE M/3-$)V9O;G0MF4Z(#$P<'0G M/B0\+V9O;G0^/"]T9#X-"B`@("`\=&0@6QE/3-$)V9O;G0M6QE/3-$)W=I M9'1H.B`Q)2<^)B,Q-C`[/"]T9#X-"B`@("`\=&0@6QE/3-$)W=I9'1H.B`Y)3L@8F]R9&5R+6)O='1O;3H@8FQA8VL@ M,2XU<'0@'0M86QI9VXZ(')I9VAT)SX\9F]N="!S='EL93TS M1"=F;VYT+7-I>F4Z(#$P<'0G/C0R+#(R-#PO9F]N=#X\+W1D/@T*("`@(#QT M9"!N;W=R87`],T1N;W=R87`@6QE/3-$)W=I9'1H.B`Q)3L@8F]R9&5R+6)O='1O;3H@ M8FQA8VL@,2XU<'0@6QE/3-$)V9O;G0M6QE M/3-$)W=I9'1H.B`Q)2<^)B,Q-C`[/"]T9#X-"B`@("`\=&0@6QE/3-$)W=I9'1H.B`Y)3L@8F]R9&5R+6)O='1O;3H@ M8FQA8VL@,2XU<'0@'0M86QI9VXZ(')I9VAT)SX\9F]N="!S M='EL93TS1"=F;VYT+7-I>F4Z(#$P<'0G/C$R.2PS,CD\+V9O;G0^/"]T9#X- M"B`@("`\=&0@;F]W6QE/3-$)W=I9'1H.B`Q)2<^ M)B,Q-C`[/"]T9#X\+W1R/@T*/'1R('-T>6QE/3-$)W9E6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT)SXF(S$V,#L\+W1D/@T* M("`@(#QT9"!N;W=R87`],T1N;W=R87`^)B,Q-C`[/"]T9#X-"B`@("`\=&0^ M)B,Q-C`[/"]T9#X-"B`@("`\=&0^)B,Q-C`[/"]T9#X-"B`@("`\=&0@6QE/3-$)V9O;G0M6QE/3-$)V)O'0M86QI9VXZ(')I9VAT)SX\ M9F]N="!S='EL93TS1"=F;VYT+7-I>F4Z(#$P<'0G/C0Q+#(Q,BPW-C(\+V9O M;G0^/"]T9#X-"B`@("`\=&0@;F]W6QE/3-$)V)O6QE/3-$)V9O;G0M6QE/3-$)V)O6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT)SXF(S$V,#L\+W1D/@T*("`@ M(#QT9"!N;W=R87`],T1N;W=R87`^)B,Q-C`[/"]T9#X-"B`@("`\=&0^)B,Q M-C`[/"]T9#X-"B`@("`\=&0^)B,Q-C`[/"]T9#X-"B`@("`\=&0@2!$:6QU=&5D(%-H87)E6QE/3-$)V)O6QE/3-$)V9O;G0M6QE/3-$)V)O'0M86QI9VXZ(')I9VAT)SX\9F]N="!S='EL93TS1"=F;VYT+7-I>F4Z M(#$P<'0G/C4P+#DV,BPQ.#@\+V9O;G0^/"]T9#X-"B`@("`\=&0@;F]W6QE/3-$)V)O6QE/3-$)V9O;G0M6QE/3-$)W9E6QE/3-$ M)W1E>'0M86QI9VXZ(')I9VAT)SXF(S$V,#L\+W1D/@T*("`@(#QT9"!N;W=R M87`],T1N;W=R87`^)B,Q-C`[/"]T9#X-"B`@("`\=&0^)B,Q-C`[/"]T9#X- M"B`@("`\=&0^)B,Q-C`[/"]T9#X-"B`@("`\=&0@6QE/3-$)V9O;G0MF4Z(#$P<'0G M/B0\+V9O;G0^/"]T9#X-"B`@("`\=&0@6QE/3-$)V9O;G0M6QE/3-$)V)O M'0M86QI9VXZ M(')I9VAT)SX\9F]N="!S='EL93TS1"=F;VYT+7-I>F4Z(#$P<'0G/C`N,#`\ M+V9O;G0^/"]T9#X-"B`@("`\=&0@;F]W6QE/3-$)V)O M6QE M/3-$)V9O;G0MF4Z(#$P<'0G/B0\+V9O;G0^/"]T9#X- M"B`@("`\=&0@6QE/3-$)V9O M;G0M6QE/3-$)W9E M6QE/3-$)W1E>'0M86QI9VXZ(')I9VAT)SXF M(S$V,#L\+W1D/@T*("`@(#QT9"!N;W=R87`],T1N;W=R87`^)B,Q-C`[/"]T M9#X-"B`@("`\=&0^)B,Q-C`[/"]T9#X-"B`@("`\=&0^)B,Q-C`[/"]T9#X- M"B`@("`\=&0@6QE/3-$ M)V9O;G0M6QE/3-$)V)O6QE/3-$)V9O;G0MF4Z(#$P<'0G/B0\ M+V9O;G0^/"]T9#X-"B`@("`\=&0@6QE/3-$)V9O;G0M6QE/3-$)V)O6QE/3-$)V)O'0O:F%V87-C M3X-"B`@("`\=&%B;&4@ M8VQA'0^)SQS<&%N/CPO2!$:6QU=&5D(%-H87)E3X-"CPO:'1M;#X- M"@T*+2TM+2TM/5].97AT4&%R=%\Y-V,S-3=F.5]C-C-B7S0Q865?86(Y-%]B M9F4T83=D,C(X,S@-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO.3=C M,S4W9CE?8S8S8E\T,6%E7V%B.31?8F9E-&$W9#(R.#,X+U=O'0O:'1M;#L@8VAA3X-"CPO:'1M;#X-"@T*+2TM+2TM/5]. M97AT4&%R=%\Y-V,S-3=F.5]C-C-B7S0Q865?86(Y-%]B9F4T83=D,C(X,S@- M"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO.3=C,S4W9CE?8S8S8E\T M,6%E7V%B.31?8F9E-&$W9#(R.#,X+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R2`H1&5T86EL6UE;G0@7!E.B!T97AT+VAT M;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\>&UL('AM;&YS.F\],T0B=7)N M.G-C:&5M87,M;6EC&UL/@T*+2TM+2TM/5].97AT4&%R=%\Y G-V,S-3=F.5]C-C-B7S0Q865?86(Y-%]B9F4T83=D,C(X,S@M+0T* ` end XML 15 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Revenue Recognition
6 Months Ended
Dec. 31, 2013
Notes to Financial Statements  
Note 3 - Revenue Recognition

Revenue from oil and gas royalties consists solely of override royalty interests and is recognized after production has occurred on the oil and gas concession in which the Company has an interest. Royalty income is reported on a net revenue basis.

XML 16 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Balance Sheets (USD $)
Dec. 31, 2013
Jun. 30, 2013
Current Assets    
Cash $ 79,360 $ 44,101
Prepaid expenses 13,217 33,826
Total Current Assets 92,577 77,927
Property and Equipment    
Office equipment 30,417 30,417
Leasehold improvements 26,458 26,458
Accumulated depreciation (44,740) (42,465)
Net Property and Equipment 12,135 14,410
Other Assets    
Investment in oil and gas working interest - related party 1,583,914 1,583,914
Oil & gas sales receivable 2,661,601 2,037,143
Security deposit 16,312 16,312
Total Other Assets 4,261,827 3,637,369
Total Assets 4,366,539 3,729,706
Current Liabilities    
Accounts payable 61,313 59,683
Security deposits 6,895 13,200
Note payable 7,033 27,378
Accrued liabilities 346,907 254,936
Total Current Liabilities 422,148 355,197
Total Liabilities 422,148 355,197
Stockholders' Equity    
Common stock, par value $0.001 per share; authorized 80,000,000 shares; 47,942,949 and 45,242,949 shares issued and outstanding, respectively 47,943 45,243
Capital in excess of par value 14,008,121 13,560,821
Accumulated deficit (10,111,673) (10,231,555)
Total Stockholders' Equity 3,944,391 3,374,509
Total Liabilities and Stockholders' Equity $ 4,366,539 $ 3,729,706
XML 17 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
General
6 Months Ended
Dec. 31, 2013
Notes to Financial Statements  
Note 1 - General

The accompanying unaudited condensed financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted in accordance with such rules and regulations. The information furnished in the interim condensed financial statements include normal recurring adjustments and reflects all adjustments, which, in the opinion of management, are necessary for a fair presentation of such financial statements. Although management believes the disclosures and information presented are adequate to make the information not misleading, it is suggested that these interim condensed financial statements be read in conjunction with the Company's audited financial statements and notes thereto included in its June 30, 2013 Annual Report on Form 10-K. Operating results for the three months and six months ended December 31, 2013 are not necessarily indicative of the results that may be expected for the year ending June 30, 2014.

XML 18 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 19 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Basic Loss Per Share of Common Stock
6 Months Ended
Dec. 31, 2013
Notes to Financial Statements  
Note 2 - Basic Loss Per Share of Common Stock
    Three Months Ended     Six Months Ended  
    December 31,     December 31,     December 31,     December 31,  
    2013     2012     2013     2012  
                         
Income (numerator)   $ 45,318     $ 42,224     $ 119,882     $ 129,329  
                                 
Basic Shares (denominator)     47,388,601       41,212,762       46,102,188       40,081,711  
                                 
Fully Diluted Shares (denominator)     52,248,601       43,572,762       50,962,188       42,441,711  
                                 
Basic Income Per Share   $ 0.00     $ 0.00     $ 0.00     $ 0.00  
                                 
Fully Diluted Income Per Share   $ 0.00     $ 0.00     $ 0.00     $ 0.00  

 

The basic income per share of common stock is based on the weighted average number of shares issued and outstanding during the period of the financial statements. Stock warrants convertible into 4,860,000 shares of common stock are included in the fully diluted income per share calculation.

XML 20 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
Balance Sheets (Parenthetical) (USD $)
Dec. 31, 2013
Jun. 30, 2013
Stockholders' Equity    
Common Stock Par Value $ 0.001 $ 0.001
Common Stock Shares Authorized 80,000,000 80,000,000
Common Stock Shares Issued 47,942,949 45,242,949
Common Stock Shares Outstanding 47,942,949 45,242,949
XML 21 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Taxes (Details Narrative) (USD $)
Dec. 31, 2013
Income Taxes Details Narrative  
Net operating loss $ 47,065,233
XML 22 R1.htm IDEA: XBRL DOCUMENT v2.4.0.8
Document and Entity Information
6 Months Ended
Dec. 31, 2013
Feb. 14, 2014
Document And Entity Information    
Entity Registrant Name AMERICAN ENERGY GROUP LTD  
Entity Central Index Key 0000843212  
Document Type 10-Q  
Document Period End Date Dec. 31, 2013  
Amendment Flag false  
Current Fiscal Year End Date --06-30  
Is Entity a Well-known Seasoned Issuer? No  
Is Entity a Voluntary Filer? No  
Is Entity's Reporting Status Current? Yes  
Entity Filer Category Smaller Reporting Company  
Entity Common Stock, Shares Outstanding   48,942,949
Document Fiscal Period Focus Q2  
Document Fiscal Year Focus 2014  
XML 23 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
Investment in Oil and Gas Working Interest - Related Party (Details Narrative) (USD $)
6 Months Ended
Dec. 31, 2013
Jun. 30, 2013
Investment In Oil And Gas Working Interest - Related Party Details Narrative    
Oil and gas royalties $ 2,691,991 $ 2,067,533
Payment received on oil and gas royalties 30,390  
Oil and gas receivables $ 2,661,601 $ 2,037,143
XML 24 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Statements Of Operations        
Revenue - Oil and gas royalties $ 312,339 $ 309,421 $ 624,458 $ 616,581
Expenses        
Administrative salaries 104,896 101,708 210,432 206,702
Legal and professional 59,741 85,332 125,508 138,950
General and administrative 68,545 40,431 120,453 82,896
Office overhead expenses 30,371 16,900 41,055 32,387
Depreciation 1,138 1,183 2,275 2,366
Total Expenses 264,691 245,554 499,723 463,301
Net Operating Income 47,648 63,867 124,735 153,280
Other Income and (Expense)        
Warrant settlements    (19,647)    (19,647)
Interest expense (2,330) (1,996) (4,853) (4,304)
Total Other Income (Expense) (2,330) (21,643) (4,853) (23,951)
Net Income Before Tax 45,318 42,224 119,882 129,329
Income Tax 0 0 0 0
Net Income $ 45,318 $ 42,224 $ 119,882 $ 129,329
Earnings per Share        
Basic $ 0.00 $ 0.00 $ 0.00 $ 0.00
Fully Diluted $ 0.00 $ 0.00 $ 0.00 $ 0.00
Weighted Average Number of Shares Outstanding        
Basic 47,388,601 41,212,762 46,102,188 40,081,711
Fully Diluted 52,248,601 43,572,762 50,962,188 42,441,711
XML 25 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
Subsequent Events
6 Months Ended
Dec. 31, 2013
Notes to Financial Statements  
Note 7 - Subsequent Events

In accordance with ASC 855-10, management of the Company has reviewed all material events from December 31, 2013 through the date the financial statements were issued. Subsequent to December 31, 2013, the Company issued 1,000,000 shares of Common Stock for cash at $0.15 per share. In addition, the Company borrowed $350,000 from a current shareholder with interest at 5% and an 18 month maturity. In connection with this loan the Company issued 2,333,334 warrants to purchase additional shares of the Company at $0.15/share. These warrants will expire in 2 years. There were no other material events that warrant any additional disclosure.

XML 26 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
Investment in Oil and Gas Working Interest - Related Party
6 Months Ended
Dec. 31, 2013
Notes to Financial Statements  
Note 6 - Investment in Oil and Gas Working Interest - Related Party

The Company owns an interest in two oil and gas leases located in Southeast Texas. The Company is exploring various opportunities to realize value from these interests, including potential farmout or sale. The Company intends to adopt the full cost method of accounting for oil and gas properties in the event that the Company develops their interests in these leases. As of June 30, 2013, the Company does not have any proved reserves as defined under FASB ASC 932-235-50 (formerly SFAS No. 69) and has not incurred any costs associated with the development of these oil and gas properties and had not received any oil and gas revenue from these leases.

 

The Company also holds an 18% gross royalty interest in the Yasin Concession in Pakistan. As of December 31, 2013 and June 30, 2013, the Company had earned $2,691,991 and $2,067,533, respectively, of oil and gas royalties on which they had received payments of $30,390, resulting in oil and gas receivables of $2,661,601 and 2,037,143 as of December 31, 2013 and June 30, 2013, respectively. The concession was acquired in 2003 through the sale of a wholly owned subsidiary of the Company. Revenues to be derived from this interest are overriding in nature and there are no future financial obligations or commitments required of the Company to secure this royalty interest.

XML 27 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Basic Loss Per Share of Common Stock (Tables)
6 Months Ended
Dec. 31, 2013
Basic Loss Per Share Of Common Stock Tables  
Basic Loss Per Share of Common Stock
    Three Months Ended     Six Months Ended  
    December 31,     December 31,     December 31,     December 31,  
    2013     2012     2013     2012  
                         
Income (numerator)   $ 45,318     $ 42,224     $ 119,882     $ 129,329  
                                 
Basic Shares (denominator)     47,388,601       41,212,762       46,102,188       40,081,711  
                                 
Fully Diluted Shares (denominator)     52,248,601       43,572,762       50,962,188       42,441,711  
                                 
Basic Income Per Share   $ 0.00     $ 0.00     $ 0.00     $ 0.00  
                                 
Fully Diluted Income Per Share   $ 0.00     $ 0.00     $ 0.00     $ 0.00  

XML 28 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
Other Contingencies - Litigation
6 Months Ended
Dec. 31, 2013
Notes to Financial Statements  
Note 8 - Other Contingencies - Litigation

In December, 2011, we initiated civil legal proceedings against Hycarbex and others in the High Court of Islamabad, Pakistan. Our pleadings with respect to the 2.5% carried working interest positions in the Sanjawi and Zamzama North concessions sought a registration of those interests with the Government of Pakistan and simultaneously sought the imposition of an injunction preventing the transfer of the working interest in those concessions until the registration can be effected, thereby protecting our interests. Our pleadings with respect to the Yasin concession and the right to receive 18% of the gross production revenues, our pleadings sought a referral to arbitration based upon ownership of, in effect, a 25% carried working interest to which is attributed 18% of gross production revenues and the right to receive pertinent records and data, the appointment of a receiver to both protect and cause disbursement of the 18% of gross revenues since the inception of production in April, 2011, and the imposition of an injunction against the transfer of the working interest in the Yasin concession. The Court immediately issued two injunction orders preserving the status quo as to the Company’s interests in each of the Yasin, Sanjawi and Zamzama North petroleum concessions.

 

On March 27, 2012, the Islamabad High Court issued its final order (later clarified as to certain arbitration procedures by a clarification Order dated April 4, 2012). The Court directed the parties to proceed to arbitration in London, UK under the ICC Rules of Arbitration and further reaffirmed the continuation of the pending temporary injunctions against Hycarbex’s potential transfer of interests in the concessions prior to final resolution in the arbitration forum. Our application for the appointment of a receiver was neither granted or denied, but was instead deferred by the Court to the arbitration forum. Hycarbex appealed the March 27, 2012 Order asserting that litigation should not have been initiated by American Energy without first going to arbitration, asserting that our claims to 18% of gross production revenues were premature (despite already having made some payments toward that production interest) because a “commercial discovery” had not yet been declared, and asserting that the injunctions had the effect of enjoining all of the working interest, not just a portion. American Energy countered with an appeal that the Court should reconsider the application for a receiver due to an existing arbitration rule which would prevent the arbitration forum from granting interim relief of that type, irrespective of the merits of such an application. These appeals are expected to be docketed and resolved during the current fiscal year or to become moot by virtue of the ICC Order granting interim relief announced September 25, 2013, discussed below, and by virtue of the actual commencement of the scheduled final arbitration hearing in February, 2014.

 

On April 10, 2012, pursuant to the terms of the March 27, 2012, Islamabad High Court Order, we filed our claim with the International Chamber of Commerce (“ICC”) International Court of Arbitration. In this claim, we are seeking an order which voids, ab initio, the original 2003 Stock Purchase Agreement under which Hycarbex’s parent company acquired the stock of Hycarbex (and thus the underlying Yasin concession owned by Hycarbex) and in conjunction therewith, seeks the recovery of any financial dividends or advances which may have been made by Hycarbex to its shareholders. Alternatively, our claim requests the declaration of a 25% carried working interest (and the in-country registration of same) to which is attributed 18% of gross production free of taxes and costs, plus the recovery from the respondents of all accrued, unpaid production revenues. The request in our arbitration claim for a voiding of the original Stock Purchase Agreement is based upon our assertions in the claim that Hydro Tur, Ltd., the original purchaser of the Hycarbex stock under the 2003 Stock Purchase Agreement, fraudulently misrepresented to American Energy that “no current or past shareholders, officers and/or directors of [American Energy] or Hycarbex have any interest, direct or indirect, in the ownership of [Hydro Tur, Ltd.].” The 3-arbitrator panel has been appointed and has scheduled the final hearing in this arbitration for the month of February 2014.

 

In February 2013, we filed an Application For Interim Relief with the ICC which was heard by the tribunal on June 13, 2013. By Order dated September 25, 2013, the ICC granted all requests made by the Company against Hycarbex American Energy, Inc. (“Hycarbex”), Hycarbex Asia Pte, Ltd. (“Hycarbex Asia”) and Hydro Tur, Ltd. (“Hydro Tur”) in its Application For Interim Relief filed with the ICC in February 2013 and presented to the ICC in a hearing conducted June 13, 2013. By Order dated September 25, 2013, the ICC granted to the Company all requested relief and therein ordered Hycarbex, Hycarbex Asia and Hydro Tur to do the following within fourteen (14) days of the Order: (1) to produce to the Company the records of production and sales from the Yasin petroleum concession in Pakistan for the period August 2011 through the date of the Order and to continue to do so pending further order, (2) to pay to the Company 18% of all sales proceeds of hydrocarbons received by such parties between August 2011 through December 2012, (3) to pay to the Company 18% of all sale proceeds of hydrocarbons received by such parties between December 2012 and the date of the Order, and (4) to direct the purchaser of the hydrocarbons to pay direct to the Company 18% of all future sale proceeds during the pendency of the arbitration proceedings. The ICC further ordered that in the event that Hycarbex, Hycarbex Asia and Hydro Tur fail to produce to the Company the production and sales records for the period August 2011 through December 2012 within the fourteen (14) days following the Order, that such parties are ordered to pay to the Company $1,436,137.81 as an approximate interim amount pending the determination of actual sale proceeds from the actual records. The ICC further ordered that in the event that Hycarbex, Hycarbex Asia and Hydro Tur fail to produce to the Company the production and sales records for the period December 2012 through the date of the Order and continue to do so, that the arbitration tribunal will consider an application from the Company for a further Order as to an approximate interim monetary amount pending the determination of actual sale proceeds for such period. The Order of the ICC is not appealable to a court or other tribunal. Under Pakistan’s Arbitration Act of 1940, international arbitration orders are enforceable in the Pakistan courts.

 

Subsequent to the ICC Order, Hycarbex produced certain sales records and other records of Hycarbex but Hycarbex and Hycarbex Asia failed to pay the ordered monetary sum. Hycarbex and Hycarbex Asia also requested a modification of the Order granting interim relief. The Order was not suspended by the ICC while this request was under consideration. By communication from the ICC dated February 4, 2014, the modification requested by Hycarbex and Hycarbex Asia was denied by the arbitration tribunal. The Liquidators for Hycarbex Asia appointed in 2013 in the pending insolvency proceedings for Hycarbex Asia in Singapore replaced their legal counsel and then requested a stay of the arbitration proceedings on February 12, 2014 from the English High Court of Justice, Chancery Division. However, this request for stay of the arbitration proceedings was promptly denied by the English Court and the English Court ordered the Liquidators personally to pay all of the Company’s costs to defend the application, initially estimated to be $36,000.

 

On February 17, 2014, the arbitration proceedings commenced before the 3-arbitrator tribunal with the first order of business being consideration of another request to the arbitration tribunal by the Liquidators of Hycarbex Asia for suspension of the proceeding or, in the alternative, a postponement to permit newly appointed legal counsel to prepare a proper defense to the Company’s claims in arbitration. A complete suspension was rejected by the Tribunal. The Liquidators voluntarily offered to pay interim costs of $50,000 toward the actual costs determined by the Tribunal as caused by the request. The Company has opposed the postponement and indicated that any consideration of same must be conditioned upon protection of the disputed assets and adequate measures to assure payment to the Company of the monies due to the Company under the September 25, 2013 Order granting interim relief. The hearing on these matters is expected to continue through the week of February 24, 2014.

XML 29 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
Going Concern
6 Months Ended
Dec. 31, 2013
Notes to Financial Statements  
Note 9 - Going Concern

The Company’s financial statements have been prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. Accordingly, the financial statements do not include any adjustments related to the recoverability of assets or classification of liabilities that might be necessary should the Company be unable to continue as a going concern. At December 31, 2013, the Company’s current liabilities exceeded its current assets and it has recorded negative cash flows from operations. In addition, the collection of the Company’s oil and gas sales receivables have been delayed and are subject to the final outcome of the litigation previously mentioned in Note 8 to these financial statements. The preceding circumstances combine to raise substantial doubt about the Company’s ability to continue as a going concern. Management expects to continue to be successful in future capital raises, if necessary, to continue operations until current oil and gas receivables are collected. In addition, revenues from the Pakistan petroleum concession continue to accrue on a monthly basis.

XML 30 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Basic Loss Per Share of Common Stock (Details) (USD $)
3 Months Ended 6 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Basic Loss Per Share Of Common Stock Details        
Income (numerator) $ 45,318 $ 42,224 $ 119,882 $ 129,329
Basic Shares (denominator) 47,388,601 41,212,762 46,102,188 40,081,711
Fully Diluted Shares (denominator) 52,248,601 43,572,762 50,962,188 42,441,711
Basic Income Per Share $ 0.00 $ 0.00 $ 0.00 $ 0.00
Fully Diluted Income Per Share $ 0.00 $ 0.00 $ 0.00 $ 0.00
XML 31 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Cash Flows From Operating Activities    
Net income $ 119,882 $ 129,329
Depreciation 2,275 2,366
Warrant Expense    19,647
Changes in operating assets and liabilities:    
(Increase) decrease in oil and gas sales receivable (624,458) (616,581)
(Increase) decrease in prepaid expenses 264 (2,944)
Increase (decrease) in accounts payable 1,630 (5,576)
Increase (decrease) in accrued expenses and other current liabilities 85,666 75,491
Net Cash (Used In) Operating Activities (414,741) (398,268)
Cash Flows From Investing Activities      
Cash Flows From Financing Activities    
Proceeds from the issuance of common stock 450,000 362,000
Net Cash Provided By Financing Activities 450,000 362,000
Net Increase (Decrease) in Cash 35,259 (36,268)
Cash and Cash Equivalents, Beginning of Period 44,101 82,433
Cash and Cash Equivalents, End of Period 79,360 46,165
Cash Paid For:    
Interest 4,853 4,304
Taxes      
XML 32 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Taxes
6 Months Ended
Dec. 31, 2013
Notes to Financial Statements  
Note 5 - Income Taxes

The Company accounts for corporate income taxes in accordance with FASB ASC 740-10 “Income Taxes”. FASB ASC 740-10 requires an asset and liability approach for financial accounting and reporting for income tax purposes.

 

As of December 31, 2013, the Company had net operating loss carryovers of $47,065,233 which can be used to reduce future taxable income. No deferred tax benefit has been recorded related to these carryovers as utilization cannot be reasonable assured.

XML 33 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.0.8 Html 9 86 1 false 0 0 false 3 false false R1.htm 00000001 - Document - Document and Entity Information Sheet http://americanenergygroup.com/role/DocumentAndEntityInformation Document and Entity Information true false R2.htm 00000002 - Statement - Balance Sheets Sheet http://americanenergygroup.com/role/BalanceSheets Balance Sheets false false R3.htm 00000003 - Statement - Balance Sheets (Parenthetical) Sheet http://americanenergygroup.com/role/BalanceSheetsParenthetical Balance Sheets (Parenthetical) false false R4.htm 00000004 - Statement - Statements of Operations (Unaudited) Sheet http://americanenergygroup.com/role/StatementsOfOperations Statements of Operations (Unaudited) false false R5.htm 00000005 - Statement - Statements of Cash Flows (Unaudited) Sheet http://americanenergygroup.com/role/StatementsOfCashFlows Statements of Cash Flows (Unaudited) false false R6.htm 00000006 - Disclosure - General Sheet http://americanenergygroup.com/role/General General false false R7.htm 00000007 - Disclosure - Basic Loss Per Share of Common Stock Sheet http://americanenergygroup.com/role/BasicLossPerShareOfCommonStock Basic Loss Per Share of Common Stock false false R8.htm 00000008 - Disclosure - Revenue Recognition Sheet http://americanenergygroup.com/role/RevenueRecognition Revenue Recognition false false R9.htm 00000009 - Disclosure - Common Stock Sheet http://americanenergygroup.com/role/CommonStock Common Stock false false R10.htm 00000010 - Disclosure - Income Taxes Sheet http://americanenergygroup.com/role/IncomeTaxes Income Taxes false false R11.htm 00000011 - Disclosure - Investment in Oil and Gas Working Interest - Related Party Sheet http://americanenergygroup.com/role/InvestmentInOilAndGasWorkingInterest-RelatedParty Investment in Oil and Gas Working Interest - Related Party false false R12.htm 00000012 - Disclosure - Subsequent Events Sheet http://americanenergygroup.com/role/SubsequentEvents Subsequent Events false false R13.htm 00000013 - Disclosure - Other Contingencies - Litigation Sheet http://americanenergygroup.com/role/OtherContingencies-Litigation Other Contingencies - Litigation false false R14.htm 00000014 - Disclosure - Going Concern Sheet http://americanenergygroup.com/role/GoingConcern Going Concern false false R15.htm 00000015 - Disclosure - Basic Loss Per Share of Common Stock (Tables) Sheet http://americanenergygroup.com/role/BasicLossPerShareOfCommonStockTables Basic Loss Per Share of Common Stock (Tables) false false R16.htm 00000016 - Disclosure - Basic Loss Per Share of Common Stock (Details) Sheet http://americanenergygroup.com/role/BasicLossPerShareOfCommonStockDetails Basic Loss Per Share of Common Stock (Details) false false R17.htm 00000017 - Disclosure - Income Taxes (Details Narrative) Sheet http://americanenergygroup.com/role/IncomeTaxesDetailsNarrative Income Taxes (Details Narrative) false false R18.htm 00000018 - Disclosure - Investment in Oil and Gas Working Interest - Related Party (Details Narrative) Sheet http://americanenergygroup.com/role/InvestmentInOilAndGasWorkingInterest-RelatedPartyDetailsNarrative Investment in Oil and Gas Working Interest - Related Party (Details Narrative) false false All Reports Book All Reports Process Flow-Through: 00000002 - Statement - Balance Sheets Process Flow-Through: Removing column 'Dec. 31, 2012' Process Flow-Through: Removing column 'Jun. 30, 2012' Process Flow-Through: 00000003 - Statement - Balance Sheets (Parenthetical) Process Flow-Through: 00000004 - Statement - Statements of Operations (Unaudited) Process Flow-Through: 00000005 - Statement - Statements of Cash Flows (Unaudited) Process Flow-Through: Removing column '3 Months Ended Dec. 31, 2012' aegg-20131231.xml aegg-20131231.xsd aegg-20131231_cal.xml aegg-20131231_def.xml aegg-20131231_lab.xml aegg-20131231_pre.xml true true