Note 5 - Company Operations (Tables)

12 Months Ended

Dec. 31, 2016

Notes Tables

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

	2016			2015
Revenues
Oil and Gas	$	510,856		$	786,204
Timber		125,860			52,028
Surface		189,019			223,869
Surface – related party		37,667			- -
Total		863,402			1,062,101
Cost and Expenses
Oil and Gas		47,212			70,240
Timber		11,809			8,026
Surface		2,552			4,330
Total		61,573			82,596
Income from Operations
Oil and Gas		463,644			715,964
Timber		114,051			44,002
Surface		224,134			219,539
Total		801,829			979,505
Other Income (Expense) before Income Taxes		(579,518	)		(305,699	)
Income before Income Taxes		222,311			673,806
Identifiable Assets, net of accumulated depreciation and depletion
Oil and Gas		--			--
Timber		2,072,368			1,546,088
Surface		--			--
General Corporate Assets		12,345,956			12,610,848
Total		14,418,324			14,156,936
Capital Expenditures
Oil and Gas		--			--
Timber		528,031			21,535
Surface		--			--
General Corporate Assets		1,879,519			265,982
Total		2,407,550			287,517

	2016		2015
Depreciation and Depletion
Oil and Gas		--		--
Timber		1,751		2,872
Surface		--		--
General Corporate Assets		467		--
Total	$	2,218	$	2,872

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

Count	2016		2015
1	$	129,529	$	167,000
2		117,827		115,000
3		67,307		113,000
4		66,178		94,000
5		63,449		82,000
6		63,309		76,000
7		54,697		64,000
8		--		57,000