NOTE 7. SUBSEQUENT EVENTS
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3 Months Ended |
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Mar. 31, 2013
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Subsequent Events [Text Block] |
NOTE
7. SUBSEQUENT EVENTS
In
April 2013, the Company entered into a lease pertaining
to a 440 acre tract in Milam County, Texas, which is
adjacent to the Company’s original 200 acre
lease. The Company issued 500,000 shares of
its common stock as consideration for a
100% working interest (73.5% net revenue interest) in
such lease.
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