New Issue, May 15, 2017 $950,000,00 CRUDE OIL& GAS, INC 625% Debentures Due July 1, 2032 Price…

New Issue, May 15, 2017 $950,000,00

CRUDE OIL& GAS, INC

625% Debentures Due July 1, 2032

Price 10335%

Plus accrued interest if any from the date of issuance

Copies of the prospectus and the related prospectus supplement may be obtained from such

of the undersigned as may legally offer these securities under applicable securities laws

Kermit Jeffers & Co Inc / Banks Bros & Co William Stork & Co

_________________________________________________________________________

What is the purpose of this announcement? Identify the purpose of a securities offering announcement Why are the securities being priced at 10335%? Explain why a security is priced at a value other than par How will Crude Oil & Gas be recorded in this sale of securities? How will this impact their future interest expense entries? Describe the entry to record the sale of a security and its impact on future interest expense

Please assist with questions 1 through 5

 

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