Note 7 - Related Party Transactions (Details) - USD ($) |
12 Months Ended | ||
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Dec. 31, 2015 |
Mar. 31, 2015 |
Dec. 31, 2014 |
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Notes payable - related party | $ 142,562 | $ 83,294 | |
Stated Interest Rate | 8.00% | ||
Donna Steward | |||
Notes payable - related party | $ 3,750 | ||
Charles Snipes | |||
Notes payable - related party | 1,500 | ||
Robert Anderson | |||
Notes payable - related party | 750 | ||
Mike King | |||
Notes payable - related party | 11,250 | ||
Texas Gulf Exploration & Production Inc. | |||
Service Fee | 10.00% | ||
Director | |||
Notes payable - related party | $ 128,116 | $ 80,894 | |
Office Space and Administrative Services | |||
Monthly payment amount | $ 2,500 | ||
Debt Instrument, Frequency of Periodic Payment | per month | ||
Related Party Accrued Liabilities | |||
Debt Conversion, Original Debt, Amount | $ 33,400 | ||
Related Party Accrued Liabilities | Common Stock | |||
Debt Conversion, Converted Instrument, Shares Issued | 120,000 |
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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 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 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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