v2.3.0.15

Note 6. Brunswick Terminal Asset Purchase

6 Months Ended

Sep. 30, 2011

Business Acquisition, Pro Forma Information, Description

 6.  BRUNSWICK TERMINAL ASSET PURCHASE.

On July 15, 2010 Blackwater Georgia, L.L.C. (“BWGA”), a wholly-owned subsidiary of the Company, finalized the acquisition of the Brunswick Terminal for $1,800,000 from NuStar Terminals Operations Partnership, L.P.

Presented below are unaudited pro-forma consolidated statements of operations for the six-month period ending September 30, 2010, when considering the operating results of the Brunswick Terminal, if acquired as of April 1, 2010.

	Six Months Ended September 30, 2010
Revenue		$	3,216,149
Net income (loss)		$	(170,766	)
NET INCOME (LOSS) PER COMMON SHARE,
BASIC		$	0.00
DILUTED		$	0.00
Weighted average number of shares outstanding:
BASIC			54,462,574
DILUTED			54,462,574

X

- Definition

Description of the pro forma information, nature of adjustments made to historical information to arrive at pro forma amounts, amounts excluded from pro forma information, any material-nonrecurring items included in the pro forma information and limitations of pro forma disclosures.

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-Name Statement of Financial Accounting Standard (FAS)

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 55

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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-Name Statement of Financial Accounting Standard (FAS)

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