Note 4. Note Payable

3 Months Ended

Mar. 31, 2013

Notes

Note 4. Note Payable

Note 4. Note Payable

On March 12, 2013, Brenham entered into an agreement with an effective date of January 1, 2013, to purchase a 10% working interest in the Pierce Junction Field for $50,000 cash and a $70,000 non-interest bearing note payable due on August 31, 2013. This property is recorded on the balance sheet as “Oil and gas properties” for $120,000 (Note 2).