RELATED PARTY TRANSATIONS

12 Months Ended

Dec. 31, 2015

RELATED PARTY TRANSATIONS:

RELATED PARTY TRANSATIONS

NOTE 5 - RELATED PARTY TRANSACTIONS

The Company neither owns nor leases any real or personal property. The officers and directors for the Company are involved in other business activities and may, in the future, become involved in other business opportunities. If a specific business opportunity becomes available, such persons may face a conflict in selecting between the Company and their other business interest. The Company has not formulated a policy for the resolution of such conflicts.

On October 1, 2013, the Company entered into an oil and gas lease agreement with a related party whereby it issued 40,000 common shares on a post-split basis (20,000 pre-split) valued at $8,000 for the purchase of the lease. The lease had an original term of three years and was set to expire on October 1, 2016. However, as discussed in Note 7, the lease was extended for an additional three years on April 20, 2016.

The Company received advances from related parties totaling $500 during the year ended December 31, 2015. The advances from related parties are due on demand with no interest incurred. There was $775 and $275 due to related parties as of December 31, 2015 and 2014, respectively.