New Source Energy Corporation is an independent energy company engaged in the development and production of onshore oil and liquids-rich natural gas projects in the United States. The Company�s properties consist of non-operated working interests in the Misener-Hunton (the Hunton) formation, a conventional resource reservoir in east-central Oklahoma. The Company�s properties are located in east-central Oklahoma and consist of mature, legacy oil and natural gas reservoirs. On August 12, 2011, it acquired the Acquired Assets, which consist of a working interest ranging from 20% to 88% (39% weighted average) in certain oil and natural gas leases and wells located in the Golden Lane field and producing from the Hunton formation (the Golden Lane Assets), and an approximate 60% working interest in certain oil and natural gas leases and wells located in the Luther field and producing from the Hunton formation (the Luther Assets).