The Company is continuing work with the mezzanine lender on the Blue Mountain project, EIG Global Energy Partners, to transfer NGP's ownership interest in the Blue Mountain project to EIG. This follows earlier breaches of the loan terms of the EIG loan. The transfer will result in a reduction of assets of approximately $80.3 million, and a reduction in liabilities of approximately $160.7 million (at September 30, 2012 values). NGP will continue as operator of the plant for a period of time to ensure a smooth transition. NGP and EIG are currently concluding negotiations. The remaining business will consist of the Company's exploration stage properties in Nevada, California and Oregon.
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