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Related Party Transactions
3 Months Ended
Jun. 30, 2011
Notes to Financial Statements  
Related Party Transactions

Note 8 - Related Party Transactions

A director of the Company is a partner in the law firm that acts as counsel to the Company. Legal fees and expenses from the law firm in the amount of approximately $27,000 and $12,000 during the three months ended June 30, 2011 and 2010, respectively, are included in the accompanying statements of operations. As of June 30, 2011, the Company owed the law firm approximately $45,000. 

A director of the Company is a partner in a firm that provides field supervision and consulting services to the Company. Fees and expenses from the firm in the amount of approximately $0 and $39,000 during the three months ended June 30, 2011 and 2010, respectively, are included in the accompanying statements of operations. As of June 30, 2011, the Company owed the consulting firm approximately $15,000.