Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 7, 2012, the Registrant announced that they have retained the services of Steven Crane to serve as the interim Chief Operating Officer of the Company. Mr. Crane is the Managing Partner of ProOperate LLC, a professional operations management firm based in Dallas, Texas. Mr. Crane possesses over thirty years of broad-based strategic operations and financial management experience beginning his career with PricewaterhouseCoopers, serving clients in the energy and oil production industry. Mr. Crane is assisting the Company with its transition from a privately-held to a publicly-traded corporation, with its capital structure and funding, and in the implementation of its plans for future growth.

The Board of Directors of the Registrant approved the retention of Mr. Crane's services as interim Chief Operating Officer effective July 10, 2012.

Item 7.01 Regulation FD Disclosure

Attached as Exhibit 99.1 to this Current Report on Form 8-K is the Company's Press Release on August 7, 2012 announcing the organizational change discussed in Item 5.2 above.