Debt	9 Months Ended
Sep. 30, 2011
Debt
Long-term Debt [Text Block]	NOTE 6. LONG-TERM DEBT The Company had no long-term debt at September 30, 2011. At September 30, 2011, the Company had an irrevocable blanket letter of credit totaling $250,000 issued to the Railroad Commission of Texas as required for its oil and gas activities, which is secured by certain bank deposits totaling $250,000. The Company has recognized approximately $4,019 in amortization expense related to bank fees associated with this letter of credit in the nine months ending September 30, 2011, and currently has approximately $3,389 in unamortized bank fees as of September 30, 2011.

Debt

9 Months Ended

Sep. 30, 2011

NOTE 6. LONG-TERM DEBT

The Company had no long-term debt at September 30, 2011.

At September 30, 2011, the Company had an irrevocable blanket letter of credit

totaling $250,000 issued to the Railroad Commission of Texas as required for its

oil and gas activities, which is secured by certain bank deposits totaling

$250,000. The Company has recognized approximately $4,019 in amortization

expense related to bank fees associated with this letter of credit in the nine

months ending September 30, 2011, and currently has approximately $3,389 in

unamortized bank fees as of September 30, 2011.