Fair value of net assets

Receivables and other current assets

$

20

Deposit collateralizing surety bond

55

Proved oil and gas properties

433

Accounts payable and revenue suspense

(50

)

Fair value of consideration paid for net assets

$

458

Cash consideration

$

150

Issuance of 59,498 shares of common stock at $4.62 per share

275

Less: balance of cash account acquired in acquisition

(27

)

Add: long-term notes payable repaid at closing

60

Total fair value of consideration transferred

$

458