Subsequent Events

12 Months Ended

Dec. 31, 2011

Subsequent Events [Abstract]

Subsequent Events

Note 17 - Subsequent Events

From January 1, 2012 through March 30, 2012, American paid $2,035 to repurchase 7,500 shares of its common stock for treasury.

On February 23, 2012, Delta completed the agreement with VOMF pursuant to which VOMF will convert 3,769,626 shares of Delta's preferred stock, constituting all of Delta's outstanding preferred stock, into 3,769,626 shares Delta's common stock and waive all accrued stock dividends payable on the preferred stock.

On March 8, 2012, the Asset Purchase and Sale Agreement between Brenham and Doug Pedrie, Davis Pedrie Associates, LLC and Energex Oil was rescinded and replaced with an agreement that in consideration for 2,000,000 restricted shares of Brenham common stock issued under the initial agreement, Brenham has a 2.5% overriding royalty interest in all of the leases associated with this property and any properties acquired or renewed in the future within a ten-mile radius. In addition, the contingency to issue an additional 2,000,000 shares was removed.