 King City Oil Field Effective May 25, 2009, we entered an agreement with Sunset Exploration to explore for oil and gas on 10,000 acres located in west central California. The agreement calls for us to earn a 20 working interest in the project by funding a maximum of 50 of a 200,000 geophysical survey composed of gravity and seismic surveys and agreeing to carry Sunset Exploration for 40 of dry hole cost of the first well. The total cost of the King City Oil Field as at October 31, 2011 was 263,561.