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On May 7, 2009, William L. Beecher was appointed by Order of the Superior Court of Pierce County, Washington, as the Receiver for MCube Petroleum, Inc., and its related subsidiaries: Basilam Petroleum, LLC, Diski Petroleum, LLC, and Halmahera - Rembang, LLC. On March 19, 2010, the Receivership Estate was expanded to include Laramie Petroleum Inc. and Orna International Ltd., entities related to MCube Petroleum, Inc. The primary objective of the Receivership proceeding is to marshal and liquidate the assets of these entities for the benefit of creditors/investors.