Note 3 - Company Operations (Tables)

6 Months Ended

Jun. 30, 2016

Notes Tables

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

	2016			2015
Revenues:
Oil and Gas	$	208,199		$	472,522
Timber		120,868			--
Surface		98,889			55,714
Total		427,956			528,236
Cost and Expenses:
Oil and Gas		22,869			38,448
Timber		9,855			391
Surface		2,201			1,436
Total		34,925			40,275
Income from Operations:
Oil and Gas		185,330			434,074
Timber		111,013			(391	)
Surface		96,688			54,278
Total		393,031			487,961
Other Expense before Income Taxes:		(260,531	)		(69,957	)
Income before Income Taxes		132,500			418,004
Identifiable Assets, net of accumulated depreciation:
Oil and Gas	$	--		$	--
Timber		1,598,058			1,548,960
Surface		--			--
General Corporate Assets		12,765,073			12,468,122
Total		14,363,131			14,017,082
Capital Expenditures:
Oil and Gas		--			--
Timber		53,721			21,535
Surface		--			--
General Corporate Assets:		272,533			--
Total		326,254			21,535
Depreciation and Depletion:
Oil and Gas		--			--
Timber		1,751			--
Surface		--			--
General Corporate Assets		--			--
Total	$	1,751		$	--

Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]

Count	2016		2015
1	$	112,835	$	93,755
2		63,449		87,285
3		59,522		72,415
4		34,191		43,833
5		32,695		42,376
6		30,061		33,519
7		--		30,440