ESCROW RECEIVABLE

9 Months Ended

Sep. 30, 2015

ESCROW RECEIVABLE [Abstract]

ESCROW RECEIVABLE

NOTE 2 – ESCROW RECEIVABLE

At September 30, 2015 and December 31, 2014, the Company’s balance sheets reflected the following current escrow receivables relating to various oil and gas properties previously held by the Company:

	September 30, 2015		December 31, 2014
Tambaqui Escrow	$	—	$	4,331
HDC LLC & HL LLC 15% Escrow		251,125		294,383
HDC LLC & HL LLC 5% Contingency		10,891		11,256
HC LLC 5% Contingency		—		11,458
Total	$	262,016	$	321,428

During the nine months ended September 30, 2015, the Company received distributions of $59,412 from escrow accounts relating to properties sold in previous years.