7. LEGAL ACTIONS

9 Months Ended

Sep. 30, 2013

Commitments and Contingencies Disclosure [Abstract]

LEGAL ACTIONS

During April 2012, the Company filed suit in Los Angeles Superior Court against GeoGreen Biofuels, Inc. and related parties, relating to GeoGreen's failure to repay $192,000 advanced pursuant to a Bridge Loan Term Sheet.  Although litigation is inherently unpredictable, TTI is confident in its position, and intends to pursue the action aggressively. GeoGreen has filed a cross-complaint against the Company and its two officers, the Chief Executive Officer and the President, however the charges against the officers were subsequently dismissed with prejudice. A motion was also passed denying GeoGreen's motion to strike TTII's request for punitive damages.

During March 2013, the Company was named in an action pertaining to the 75% working interest in the Ownbey Lease. Subsequent to the Company’s purchase of the assets and the termination of the operator,  a mechanics lien was filed against the property claiming approximately $200,000 in fees  are due to the previous operator. The Company is aggressively defending the action.