On November 16, 2009, Trek Resources Inc. completed the sale of its interest in its Ochiltree County Texas, oil and gas wells and associated leasehold, including its Farnsworth Unit, to a Buyer for the sum of $12.8 Million Dollars to be effective November 1, 2009. The proceeds from this sale were sent to Wells Fargo Bank in its capacity as a qualified intermediary under the guidelines of a 1031 Exchange Agreement.