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Note 7 - Company Operations (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	2012			2011
Revenues
Oil and Gas	$	2,817,606		$	1,802,205
Agricultural		345,267			82,324
Timber		100,114			100,385
Total		3,262,987			1,984,914
Cost and Expenses
Oil and Gas		219,224			138,801
Agricultural		5,302			12,834
Timber		40,018			101,968
Total		264,544			253,603
Income from Operations
Oil and Gas		2,598,382			1,663,404
Agricultural		339,965			69,490
Timber		60,096			(1,583	)
Total		2,998,443			1,731,311
Other Income (Expense) before Income Taxes		(348,608	)		(354,599	)
Income before Income Taxes		2,649,835			1,376,712

Identifiable Assets, net of accumulated depreciation and depletion
Oil and Gas		-			-
Agricultural		-			-
Timber		1,235,790			1,146,743
General Corporate Assets		11,349,630			9,848,226
Total		12,585,420			10,994,969

Capital Expenditures
Oil and Gas		-			-
Agricultural		-			-
Timber		98,174			648,361
General Corporate Assets		38,047			1,188,957
Total		136,221			1,837,318

Depreciation and Depletion
Oil and Gas		-			-
Agricultural		-			4,137
Timber		9,128			58,871
General Corporate Assets		6,686			3,329
Total	$	15,814		$	66,337

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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