v2.4.0.6

Note 5. Brunswick Terminal and Salisbury Terminal Asset Purchases. (Tables)

3 Months Ended

Jun. 30, 2012

Business Acquisition, Pro Forma Information [Table Text Block]

		Three-Months Ended June 30, 2011
														Blackwater Midstream, Westwego & Brunswick Terminals Actual				Salisbury Terminal Pro-Forma for Period 1/Apr/2011-30/Jun/2011				Consolidated Pro-Forma
Revenue		$	2,329,630			$	127,000			$	2,456,630
Net income		$	1,762,991			$	964,541	*1		$	2,727,532
NET INCOME PER COMMON SHARE,
BASIC		$	0.03			$	0.02			$	0.05
DILUTED		$	(0.05	)		$	(0.03	)		$	(0.02	)
Weighted average number of shares outstanding:
BASIC			55,165,077				55,165,077				55,165,077
DILUTED			66,096,328				66,096,328				66,096,328

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.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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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.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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