Note 12. Related Party Transactions and Commitments

6 Months Ended

Jun. 30, 2011

Significant Accounting Policies [Text Block]

Note 12. Related Party Transactions and Commitments

The Company has entered into various agreements with certain shareholders and related parties. Such commitments are expected to be satisfied through cash payments. Cash payments under these agreements for the six months ended June 30, 2011 and June 30, 2010 totaled $72,000 and $141,031, respectively.  These related party payments included:

Contract	Related Party	Monthly Amount	June 30, 2011		June 30, 2010
The Company entered into a contractual agreement for the procurement of human resources. The contract was terminated at Sep. 30, 2010	HR Management Systems is a related party of the Company with Alex Tawse, President and Shareholder of both entities	No current commitment	$	-	$	47,750
The Company has entered into a contract with its President for services	Alex Tawse, President and Shareholder	Currently $12,000 per month		72,000		60,000
The Company has paid Jeff Turnbull for prepaid interest on Note Payable	Jeff Turnbull is an officer of Turnbull Oil but is not an affiliate of the Company			-		38,281
			$	72,000	$	141,031