Note 7 - Related Party Transactions (Details) (USD $)
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3 Months Ended | ||
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Mar. 31, 2015
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Dec. 31, 2014
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Jun. 30, 2014
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Notes payable - related party | $ 85,694us-gaap_NotesPayableRelatedPartiesClassifiedCurrent | $ 83,294us-gaap_NotesPayableRelatedPartiesClassifiedCurrent | |
Stated Interest Rate | 8.00%us-gaap_DebtInstrumentInterestRateStatedPercentage | ||
Debt Conversion, Original Debt, Amount | 33,400us-gaap_DebtConversionOriginalDebtAmount1 | ||
Notes payable - current portion | 153,887us-gaap_NotesPayableCurrent | 135,000us-gaap_NotesPayableCurrent | |
Common Stock | |||
Debt Conversion, Converted Instrument, Shares Issued |
120,000us-gaap_DebtConversionConvertedInstrumentSharesIssued1 / us-gaap_StatementEquityComponentsAxis = us-gaap_CommonStockMember |
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Donna Steward | |||
Notes payable - related party |
3,750us-gaap_NotesPayableRelatedPartiesClassifiedCurrent / us-gaap_RelatedPartyTransactionsByRelatedPartyAxis = fil_DonnaStewardMember |
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Charles Snipes | |||
Notes payable - related party |
1,500us-gaap_NotesPayableRelatedPartiesClassifiedCurrent / us-gaap_RelatedPartyTransactionsByRelatedPartyAxis = fil_CharlesSnipesMember |
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Robert Anderson | |||
Notes payable - related party |
750us-gaap_NotesPayableRelatedPartiesClassifiedCurrent / us-gaap_RelatedPartyTransactionsByRelatedPartyAxis = fil_RobertAndersonMember |
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Mike King | |||
Notes payable - related party |
11,250us-gaap_NotesPayableRelatedPartiesClassifiedCurrent / us-gaap_RelatedPartyTransactionsByRelatedPartyAxis = fil_MikeKingMember |
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Texas Gulf Exploration & Production Inc. | |||
Service Fee |
10.00%fil_ServiceFee / us-gaap_RelatedPartyTransactionsByRelatedPartyAxis = fil_TexasGulfExplorationProductionIncMember |
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Director | |||
Notes payable - related party |
80,894us-gaap_NotesPayableRelatedPartiesClassifiedCurrent / us-gaap_RelatedPartyTransactionsByRelatedPartyAxis = us-gaap_DirectorMember |
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Dr. Tommie J. Morgan | |||
Stated Interest Rate |
4.00%us-gaap_DebtInstrumentInterestRateStatedPercentage / us-gaap_RelatedPartyTransactionsByRelatedPartyAxis = fil_DrTommieJMorganMember |
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Notes payable - current portion |
135,000us-gaap_NotesPayableCurrent / us-gaap_RelatedPartyTransactionsByRelatedPartyAxis = fil_DrTommieJMorganMember |
135,000us-gaap_NotesPayableCurrent / us-gaap_RelatedPartyTransactionsByRelatedPartyAxis = fil_DrTommieJMorganMember |
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Office Space and Administrative Services | |||
Monthly payment amount |
2,500us-gaap_DebtInstrumentPeriodicPayment / us-gaap_DebtInstrumentAxis = fil_OfficeSpaceAndAdministrativeServicesMember |
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Debt Instrument, Frequency of Periodic Payment | per month | ||
Working Capital Advance Loan | Director | |||
Long-term Debt, Gross |
$ 85,694us-gaap_DebtInstrumentCarryingAmount / us-gaap_DebtInstrumentAxis = fil_WorkingCapitalAdvanceLoanMember / us-gaap_RelatedPartyTransactionsByRelatedPartyAxis = us-gaap_DirectorMember |
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- Definition
The fee percentage for the right of first refusal to provide wellhead services for oil and gas wells. No definition available.
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- Definition
The number of shares issued in exchange for the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of long-term debt before deduction of unamortized discount or premium. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt, with initial maturities beyond one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Description of the frequency of periodic payments (monthly, quarterly, annual). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the required periodic payments including both interest and principal payments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying values as of the balance sheet date of the portions of long-term notes payable due within one year or the operating cycle if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount for notes payable (written promise to pay), due to related parties. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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