Note 2 - Oil and Gas Leases (Tables)

12 Months Ended

Dec. 31, 2013

Leases, Operating [Abstract]

Results of Operations for Oil and Gas Producing Activities Disclosure [Table Text Block]

	2013		2012
Gross revenues
Royalty interests	$	1,716,192	$	2,558,605
Working interests		--		--
Seismic and Lease Fees		91,128		259,001
		1,807,320		2,817,606
Production costs		114,204		219,224
Results before income tax expense		1,693,116		2,598,382
Estimated income tax expense (40%)		677,246		1,039,353
Results of operations from producing activities excluding corporate overhead	$	1,015,870	$	1,559,029

Oil and Gas Net Production, Average Sales Price and Average Production Costs Disclosure [Table Text Block]

	2013		2012
Net gas produced (MCF)		42,115		92,470
Net oil produced (Bbl)		12,765		19,543