8. Subsequent Events
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6 Months Ended |
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Jun. 30, 2014
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Subsequent Events [Abstract] | |
8. Subsequent Events |
Kinder Morgan Crude & Condensate, LLC Lease Agreement
On July 15, 2014, the Company entered into an Equipment Lease/Option to Purchase Agreement with Kinder Morgan (see Note 4).
TransCanada Keystone Pipeline, L.P. Lease Agreement
On July 15, 2014, TransCanada notified the Company of TransCanadas election to cancel, effective October 15, 2014. In exercising its termination right under the Lease, TransCanada stated: The justification for the early termination is due to the project working to expedite the required testing and believes the full term of the lease is unnecessary to successfully complete testing. The Lease continues to be effective through October 15, 2014, and testing of the Companys Equipment on TransCanadas pipeline in Wichita, Kansas is ongoing. Data generated by, and results of the testing, have not yet been determined (see Note 4). |