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Note 3 - Company Operations (Tables)

3 Months Ended

Mar. 31, 2016

Notes Tables

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

		2016				20 15
Revenues
Oil and Gas		$	91,721			$	230,222
Timber			112,835				--
Surface			83,752				22,719
Total			288,308				252,941
Cost and Expenses
Oil and Gas			10,733				16,136
Timber			5,793				336
Surface			1,397				575
Total			17,923				17,047
Income from Operations
Oil and Gas			80,988				214,086
Timber			107,042				(336	)
Surface			82,355				22,144
Total			270,385				235,894
Other Income (Expense) before Income Taxes			(123,206	)			(114,997	)
Income before Income Taxes			147,179				120,897

Identifiable Assets, net of accumulated depreciation and depletion
Oil and Gas			--				--
Timber			1,563,858				1,545,154
Surface			--				--
General Corporate Assets			12,829,478				12,417,460
Total			14,393,336				13,962,614
Capital Expenditures
Oil and Gas			--				--
Timber			19,521				17,729
Surface			--				--
General Corporate Assets			59,639				--
Total			79,160				17,729
Depreciation and Depletion
Oil and Gas			--				--
Timber			1,751				--
Surface			--				--
General Corporate Assets			--				--
Total		$	1,751			$	--

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

Count			2016				2015
1			$	112,800			$	59,900
2				63,400				43,800
3				25,900				40,000
4				20,000				23,300
5				16,600				21,400
6				15,600				17,300
7				--				15,800

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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- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

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-Name Accounting Standards Codification
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