EXHIBIT 10

                 DESCRIPTION OF INFORMAL AND UNDESIGNATED PLANS

Pursuant to Board Minutes dated March 17, 2004, the Company granted Compensatory
Stock Options to four independent consultants who are parties to a certain Joint
Venture Agreement with the Company pertaining to a joint  redevelopment  project
for up to 24 Oil and Gas  Wells  in  South  Texas.  Each  of the  four  grantees
received two stock  options,  the first for 1,000,000  registered  common shares
exercisable  at $0.02 per common  share for a period of six months from the date
of grant, and a second stock option for up to 2,000,000 registered common shares
exercisable  at $0.03 per common share for a period of two years  provided  that
the optionee exercises the first option for $0.02 per share within the six month
exercise  period.  The options were granted as compensation for the execution of
the Joint  Venture  Agreement  and the  services  provided  by the  partners  in
assembling  properties and providing the business  opportunity and relationships
necessary to pursue the project.

Pursuant  to  Board  Minutes  dated  April  15,  2004,  the  Company  designated
13,000,000  common  shares for  registration  and  issuance  pursuant  to future
designated individual plans for employees,  directors,  consultants and advisors
outside the Company's 2003 Omnibus Stock Option and Incentive  Compensation Plan
and the current S-8 Registration Statement filed on September 4, 2003.

The above described plans are informal allocated and non-allocated  compensatory
stock grant and option  plans for  services  rendered  and to be rendered to the
Company by  individuals  in advancing  the  Company's  business  plan to develop
business  opportunities  and pursue  projects in the Traditional and Alternative
and Renewable Energy Sector.  Unallocated shares will be granted by the board of
directors and allocated for inclusion under this Registration Statement pursuant
to the rules and  regulations  of the  Securities  and Exchange  Commission  for
compensation  stock grants,  and common shares  underlying  compensatory  common
stock options.