Note 2 - Summary of Significant Accounting Policies: Consolidation (Policies)

9 Months Ended

Dec. 31, 2013

Policies

Consolidation

Consolidation

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, RTS Oil, LLC, GSM Oil Holdings Ltd, GSM Oil, B.V. and Sinur Oil LLP, after elimination of all material inter-company accounts and transactions. The operations of GSM Oil Holdings Ltd, GSM Oil, B.V. and Sinur Oil LLP, collectively considered as “Geo Point”, have been included as of May 1, 2013, which approximates the acquisition date of May 8, 2013.