Quarterly report pursuant to Section 13 or 15(d)

BALANCE SHEETS

v2.4.0.6
BALANCE SHEETS (USD $)
Jan. 31, 2013
Oct. 31, 2012
Current    
Cash and cash equivalents $ 38,937 $ 180,514
Accounts receivable 239,911 290,936
Prepaid expenses and deposit 5,931 1,475
Total Current Assets 284,779 472,925
Capital assets, net 0 0
Oil and gas properties    
Proved property 3,619,078 3,699,535
Prepayment for oil and gas exploration 0 0
Unproved properties 19,293 19,293
Total oil and gas properties 3,638,371 3,718,828
TOTAL ASSETS 3,923,150 4,191,753
Current    
Accounts payable and accrued liabilities 77,439 67,043
Loan payable 1,475,595 1,642,520
Due to a related party 1,769 1,769
Total Current Liabilities 1,554,803 1,711,332
Asset Retirement Obligations 59,245 59,245
TOTAL LIABILITIES 1,614,048 1,770,577
STOCKHOLDERS' EQUITY    
Share Capital Authorized: 200,000,000 common voting shares with a par value of $0.001 per share Issued and outstanding: 16,431,452 common shares at January 31, 2013 (16,431,452 common shares at October 31, 2012) 16,431 16,431
Additional paid-in capital 7,118,871 7,118,871
Deficit (4,826,200) (4,714,126)
Total Stockholders' Equity 2,309,102 2,421,176
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 3,923,150 $ 4,191,753