Note 5 - Land Purchases and Sales

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Real Estate Disclosure [Text Block]

Note

5

:      Land Purchases and Sales

Land Purchases

The Company did

not

purchase any lands during the years ended

December 31, 2019

and

2018.

Land Sales

During the year ended

December 31, 2019,

the Company sold the following lands:

	+/-		Louisiana								Mineral
Quarter	Acres		Parish	Ownership			Land		Timber		Rights %
1st		16.26	Calcasieu		100.00	%	$	112,500		-		0	%
2nd		20	Calcasieu		16.67	%	$	5,000		-		0	%

During the year ended

December 31, 2018,

the Company sold the following lands:

	+/-		Louisiana								Mineral
Quarter	Acres		Parish	Ownership			Land		Timber		Rights %
1st		17	Calcasieu		100	%	$	128,000		-		0	%
1st		20	Calcasieu		16.7	%	$	147,625		-		0	%
1st		211	Calcasieu		16.7	%	$	536,572		-		100	%
1st		76	Calcasieu		16.7	%	$	189,167		-		0	%

For the years ended

December 31, 2019

and

2018,

the gains on sales of land were

$80,876

and

$881,654,

respectively.