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SECURITY LOANS	12 Months Ended
Dec. 31, 2013
Security Loans
7. SECURITY LOANS	On December 16, 2013 the Company obtained a loan, from an investment group, restricted for the further development of Texas properties in which they hold a participation agreement. The loan is secured by an assignment of thirty percent of the revenues earned by the Company before payout and ten percent of revenues earned after payout from Donner 1 and Donner 2. The funds are to be used exclusively for the development of Donner 4. The loan carries an interest rate of ten percent on total proceeds of $255,000 with $155,000 received in 2013 and the balance received in January, 2014. In conjunction with the loan, the lender was granted an option to purchase ten percent of the Company’s interest in Donner 1, 2 and 4 for $100,000. The option was exercised in January, 2014. Payout is defined as the point when lenders has received payments, net of operating expenses, from the lender’s interest in the assets totaling $255,000 with interest calculated on the outstanding balance, at the rate of 10% per annum, and paid on a monthly basis.

SECURITY LOANS

12 Months Ended

Dec. 31, 2013

On December 16, 2013 the Company obtained a loan, from an investment group, restricted for the further development of Texas properties in which they hold a participation agreement. The loan is secured by an assignment of thirty percent of the revenues earned by the Company before payout and ten percent of revenues earned after payout from Donner 1 and Donner 2. The funds are to be used exclusively for the development of Donner 4. The loan carries an interest rate of ten percent on total proceeds of $255,000 with $155,000 received in 2013 and the balance received in January, 2014.

In conjunction with the loan, the lender was granted an option to purchase ten percent of the Company’s interest in Donner 1, 2 and 4 for $100,000. The option was exercised in January, 2014.

Payout is defined as the point when lenders has received payments, net of operating expenses, from the lender’s interest in the assets totaling $255,000 with interest calculated on the outstanding balance, at the rate of 10% per annum, and paid on a monthly basis.