Exhibit 10.03

                SCRS INVESTORS, LLC/MID-POWER SERVICE LOAN TERMS



This Line of Credit Agreement ("Agreement") by and between SCRS investors, LLC,
a Nevada limited liability corporation ("Lender") and Mid-Power Resource
Corporation, a Nevada corporation ("Borrower") is made and entered in to on this
31st day of October, 2002.

Borrower wishes to borrow from Lender for the purpose of maintaining its
obligations and holding its assets as are described in the attached agreements
identified for purposes of this Agreement as Wyoming I and Colorado II. Lender
desires to loan and to Borrower on the terms and conditions as set forth
hereinbelow.

Now, therefore, for good and valuable consideration the receipt and adequacy of
which are acknowledged, the parties agree as follows:

   1.    LOAN FOR VALUE RECEIVED, the undersigned ("Borrower"), promises to pay
         on or before April 30, 2003 to Lender, or order, the aggregate
         principal amount outstanding on Borrower's revolving line of credit as
         shown on Lender's records which shall at all times be conclusive and
         govern, with interest payable monthly on the unpaid balance outstanding
         from time to time at an annual rate equal to nine percent (9%) per
         annum.

         Lender and Borrower will establish specific instructions and procedures
         by which draws against said credit will be presented for disbursement.
         Principal and interest shall be payable at the offices of Lender, 3800
         Howard Hughes Parkway, Suite 860, Las Vegas Nevada.

         In the event any holder hereof utilizes of an attorney in attempting to
         collect the amounts due hereunder to enforce the terms hereof any
         agreements related his indebtedness, or any holder hereof becomes party
         plaintiff or defendant any legal proceeding in relation to the property
         described in any instrument securing this note or for the recovery or
         protection of the indebtedness evidenced hereby borrower, its
         successors and assigns, shall repay to such holder hereof, on demand,
         all cost and expenses so incurred, including reasonable attorney's
         fees, including those costs, expenses and attorneys' fees incurred the
         filing by or against the Borrower of any proceeding under any chapter
         of the Bankruptcy Act, or similar federal or state statute, and whether
         incurred in connection with the involvement of any holder hereof as
         creditor in such proceedings or otherwise.

         Lender and Borrower shall establish specific instructions and
         procedures by which draws against said credit will be presented for
         disbursement, but nothing contained herein shall create a duty on the
         part of Lender to make said disbursement if Borrower is in default.
         Lender agrees to lend to Borrower, and Borrower agrees to borrow form
         Lender, up to $1,700,000.00 to complete the acquisition of leases and
         to conduct drilling an exploration activities pursuant to the of the
         Wyoming I and Colorado II Agreements.

<PAGE>


    2.   Warranties. As a material inducement to Lender to enter into this
         Agreement and to make the Loan to Borrower, Borrower and each signatory
         who signs on its behalf unconditionally represents and warrants to
         Lender as follows:

             2.1. Borrower is duly formed and validly existing under the laws of
                  Nevada and has full power to consummate the transactions
                  contemplated.

             2.2. Borrower has full authority to execute this Agreement to
                  undertake and consummate the contemplated transactions
                  contemplated.

             2.3. This Agreement constitutes a legal and binding obligation of,
                  and is valid and enforceable against, each party other than
                  Lender, in accordance with the terms of each.

    3.   Events of Default. At the option of Lender, each of the following
         events will constitute a default (each and "Event of Default"):

                     (a) failure to comply with the terms of this Agreement;
                     (b) if an insolvency proceeding is commenced by or against
                         Borrower, or if Borrower acknowledges insolvency.

             3.1. Option to Act. On the occurrence of any Event of default, in
                  addition to its other rights in this Agreement, at law, or in
                  equity, Lender may, without prior demand, exercise any one or
                  more of the following rights and remedies:

                     (a) Termination of Disbursements. Terminate its obligation
                         to make disbursements.

                     (b) Acceleration. Declare all sums owing to Lender under
                         this Agreement immediately due.

                     (c) Continuation of Disbursements. Make any disbursements
                         after the happening of any one or more of the Events of
                         default, without waiving its right to demand payment of
                         the Note or any other rights or remedies and without
                         liability to make any other or further disbursements,
                         regardless of Lender's previous exercise of any rights
                         and remedies.

                     (d) Legal and Equitable Remedies. Proceed as authorized at
                         law or inequity with respect to the Event of Default,
                         and in connection with that, remain entitled to

<PAGE>

                         exercise all other rights and remedies described in
                         this Agreement.

    4.   Nonliability for Negligence, Loss, or Damage.

         Borrower acknowledges, understands, and agrees as follows:

         The relationship between Borrower and Lender is, and will at all times
         remain, solely that of borrower and lender, and Lender neither
         undertakes nor assumes and responsibility for or duty to Borrower to
         select, review, inspect, supervise, pass judgment on, or inform
         Borrower of the quality, adequacy, or suitability of work performed by
         Borrower in the drilling and operations of the wells described in the
         Wyoming I and Colorado II Agreements.

    5.   Controlling Law; Approvals. This Agreement be governed by and construed
         in accordance with Nevada law.

    6.   Amendment. This Agreement may not be modified, waived, discharge, or
         terminated expect by a written instrument signed by the party against
         whom enforcement of the modification, waiver, discharge, or termination
         in asserted.

    7.   Severability. If any terms, provision, covenant, or condition or any
         application is held by a court of competent jurisdiction to be invalid,
         void or unenforceable, all terms, provisions, covenants, and conditions
         an all applications not held invalid, void, or unenforceable will
         continue in full force and will in no way be affected, impaired, or
         invalidated.

    8.   Integration And Interpretation. This Agreement contains or expressly
         incorporates by reference the entire agreement between Lender and
         Borrower with respect to the covered and supersede all prior
         negotiations.

    Executed as of the date first set forth above.



    SCRS Investors, LLC                           Mid-Power Resource Corporation


     /s/ James W. Scott                            /s/ Kenneth M. Emter
    ------------------------------                ------------------------------
     By:                                           By: