Note 8 - Notes Payable

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Short-term Debt [Text Block]

NOTE

8

– NOTES PAYABLE

On

March 30, 2019,

the Company executed a promissory note for

$50,000

to ZHQ Holdings, LLP (

75%

) and Pure Oil & Gas, Inc (

25%

). The due date of the note is

April 30, 2019

and has an interest rate of

$50

per day. The note is for an escrow payment made directly to Premier Gas Company, LLC to hold the Purchase and Sale Agreement dated

January 29, 2019.

The note is secured by

50,000

shares of the Company's common stock at

$1

per share. As of

December 31, 2019,

the note is outstanding with accrued interest of

$12,050.