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Note 5 - Company Operations (Tables)

12 Months Ended

Dec. 31, 2014

Notes Tables

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

		2014				2013
Revenues
Oil and Gas		$	1,483,780			$	1,807,320
Timber			698,773				166,637
Surface			436,188				139,871
Total			2,618,741				2,113,828
Cost and Expenses
Oil and Gas			97,702				114,204
Timber			84,183				119,368
Surface			1,325				1,649
Total			183,210				235,221
Income from Operations
Oil and Gas			1,386,078				1,693,116
Timber			614,590				47,269
Surface			434,863				138,222
Total			2,435,531				1,878,607
Other Income (Expense) before Income Taxes			(509,524	)			(492,992	)
Income before Income Taxes			1,926,007				1,385,615
Identifiable Assets, net of accumulated depreciation and depletion
Oil and Gas			--				--
Timber			1,527,425				1,301,639
Surface			--				--
General Corporate Assets			12,299,227				11,744,967
Total			13,826,652				13,046,606

Capital Expenditures
Oil and Gas			--				--
Timber			286,727				161,004
Surface			--				--
General Corporate Assets			425,956				97,098
Total			712,683				258,102
Depreciation and Depletion
Oil and Gas			--				--
Timber			60,941				95,155
Surface			--				--
General Corporate Assets			6,241				6,686
Total		$	67,182			$	101,841

Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]

Count			2014				2013
1			$	680,000			$	759,000
2				624,000				236,000
3				173,000				177,000
4				173,000				153,000
5				160,000				129,000
6			$	138,000			$

X

- Definition

Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer.

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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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