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Note 6 - Company Operations (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	2013			2012
Revenues
Oil and Gas	$	1,807,320		$	2,817,606
Surface		139,871			345,267
Timber		166,637			100,114
Total		2,113,828			3,262,987
Cost and Expenses
Oil and Gas		114,204			219,224
Surface		1,649			5,302
Timber		119,368			40,018
Total		235,221			264,544
Income from Operations
Oil and Gas		1,693,116			2,598,382
Surface		138,222			339,965
Timber		47,269			60,096
Total		1,878,607			2,998,443
Other Income (Expense) before Income Taxes		(492,992	)		(348,608	)
Income before Income Taxes		1,385,615			2,649,835

Identifiable Assets, net of accumulated depreciation and depletion
Oil and Gas		--			--
Surface		--			--
Timber		1,301,639			1,235,790
General Corporate Assets		11,744,967			11,349,630
Total		13,046,606			12,585,420


Capital Expenditures
Oil and Gas		--			--
Surface		--			--
Timber		161,004			98,174
General Corporate Assets		97,098			38,047
Total		258,102			136,221

Depreciation and Depletion
Oil and Gas		--			--
Agricultural		--			--
--Timber		95,155			9,128
General Corporate Assets		6,686			6,686
Total	$	101,841		$	15,814

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details