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.