EXHIBIT 21
SUBSIDIARIES
1. | Pioche-Ely Valley Mines, Inc. is a Nevada corporation doing business under its corporate name. The Company beneficially owns approximately 55% of the capital stock of Pioche-Ely Valley Mines, Inc. |
2. | Texas Oil & Chemical Co. II, Inc. is a Texas corporation doing business under its corporate name. Arabian American Development Company owns 100% of the capital stock of Texas Oil & Chemical Co. II. Inc. |
3. | South Hampton Resources, Inc. is a Texas corporation doing business under its corporate name. Texas Oil & Chemical Co. II, Inc. owns 100% of the capital stock of South Hampton Resources, Inc. |
4. | Gulf State Pipe Line Company is a Texas corporation doing business under its corporate name. South Hampton Resources, Inc. owns 100% of the capital stock of Gulf State Pipe Line Company. |