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10. Note Receivable
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12 Months Ended |
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Dec. 31, 2011
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| Loans, Notes, Trade and Other Receivables Disclosure [Text Block] |
10.
Note Receivable
During
2011, the Company advanced $70,000 to Woodlands Oil and Gas,
Inc. for the purchase of a potential oil producing
property. The advance is refundable upon a
successful sale of the property by Woodlands Oil and Gas,
Inc. which is expected to occur in the second quarter of
2012. The note is non-interest bearing, unsecured with no
terms of repayment.
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