Equitorial Exploration Corp. (TSXV:EXX) agreed to acquire an additional 15% stake in Clayton #1H from Cardiff Energy Corp. (TSXV:CRS) for $0.27 million on September 24, 2015. As on October 23, 2015, consideration was amended to $0.36 million. Post this acquisition Equitorial Exploration will hold 30% stake in Clayton #1H. The transaction is subject to TSX Venture Exchange approval and raising by Equitorial Exploration of the required participation amount of approximately $0.54 million in order to fund the transaction. Equitorial Exploration will also have the opportunity to purchase a 25% working interest on all future wells drilled on Cardiff Energy's leases in Runnels County. As of October 9, 2015, Equitorial Exploration has agreed to fund 40% of future lease acquisitions, and will have the option to further fund 40% of the working interest of all future wells that will be on lands acquired in Runnels, County Texas.

Equitorial Exploration Corp. (TSXV:EXX) completed the acquisition of an additional 15% stake in Clayton #1H from Cardiff Energy Corp. (TSXV:CRS) on October 23, 2015.