Note 7 - Joint Venture Liability	6 Months Ended
Jun. 30, 2015
Notes
Note 7 - Joint Venture Liability	Note 7 - Joint Venture Liability During the 2008 calendar year the Company’s Avanti subsidiary entered into a series of Joint Venture Participation Agreements with various unrelated entities for the purpose of acquiring fractional interests in oil and gas leases in Ohio, and the drilling, completion, and production of oil and gas. Avanti was to serve as the Managing Joint Venturer and as operator on all of the oil and gas leases to be acquired. Pursuant to the sale of participation interests in the joint venture, Avanti raised $677,121. With these funds, the joint venture made $438,043 in expenditures toward the purchase and development of certain oil and gas properties. As of December 31, 2011, the acquired properties were deemed unsuccessful and the projects were abandoned. As of June 30, 2015 and December 31, 2014, Avanti maintains a liability to the investors in the joint venture of $239,078, representing the difference between funds raised pursuant to the joint venture and funds actually expended toward the project’s stated objectives.

Note 7 - Joint Venture Liability

6 Months Ended

Jun. 30, 2015

Note 7 - Joint Venture Liability

During the 2008 calendar year the Company’s Avanti subsidiary entered into a series of Joint Venture Participation Agreements with various unrelated entities for the purpose of acquiring fractional interests in oil and gas leases in Ohio, and the drilling, completion, and production of oil and gas. Avanti was to serve as the Managing Joint Venturer and as operator on all of the oil and gas leases to be acquired.

Pursuant to the sale of participation interests in the joint venture, Avanti raised $677,121. With these funds, the joint venture made $438,043 in expenditures toward the purchase and development of certain oil and gas properties. As of December 31, 2011, the acquired properties were deemed unsuccessful and the projects were abandoned.

As of June 30, 2015 and December 31, 2014, Avanti maintains a liability to the investors in the joint venture of $239,078, representing the difference between funds raised pursuant to the joint venture and funds actually expended toward the project’s stated objectives.

Capital City Energy Group, Inc. 10-Q