NOTE 4 - OIL AND GAS PROPERTIES

Total additions for oil and gas properties for the year ended December 31, 2015 and 2014 were $180,887 and $32,709,147, respectively. During 2015 the additions for oil and gas properties of $7,159,356 were reduced by $6,978,469 as a result of change in ownership percentages due to unitization of various leases. Depreciation, depletion, and amortization expenses of oil and gas properties were $8,711,068 and $8,499,325 for the years ended December 31, 2015 and 2014, respectively.