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BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)
6 Months Ended
Jun. 30, 2018
Basis Of Presentation And Significant Accounting Policies  
Compensation of Officers and Employees

As of  June 30, 2018, the Company had no employees.  No Board members received  compensation from the Company in the first six months of 2018 or 2017.    For the six  months ended June 30, 2017, the Company paid Mr. Morrisett $12,500 for services rendered.  For the six months ended June 30, 2018, the Company paid Mr. Morrisett $58,500 and Mr. Pritchard $65,062 for services rendered.

Fair Value Measurements

The Financial Accounting Standards Board ("FASB") fair value measurement standards define fair value, establish a consistent framework for measuring fair value and establish a fair value hierarchy based on the observability of inputs used to measure fair value.

The carrying value of the convertible debt and investment in Masterson West II approximate fair value as of June 30, 2108. Management's estimates are based on the assessment of qualitative factors that are considered Level 3 measurements in the fair value hierarchy as required by FASB ASC 820.