General form of registration statement for all companies including face-amount certificate companies

BALANCE SHEETS

v2.4.0.6
BALANCE SHEETS (USD $)
Jan. 31, 2012
Oct. 31, 2011
Oct. 31, 2010
Current      
Cash and cash equivalents $ 140,482 $ 31,201 $ 62,989
Accounts receivable 176,438 230,880 74,879
Prepaid expenses and deposit 5,898 2,147 2,338
Total Current Assets 322,818 264,228 140,206
Capital assets, net   0 425
Deferred charges 48,871 33,092 0
Oil and gas properties      
Proved property 3,697,497 3,717,866 3,118,376
Unproved properties 19,293 19,293 19,293
Prepayment for oil and gas exploration 139,891 304,890 0
Total oil and gas properties 3,856,681 4,042,049 3,137,669
TOTAL ASSETS 4,228,370 4,339,369 3,278,300
Current      
Accounts payable and accrued liabilities 122,072 322,313 137,437
Loan payable 1,552,513 754,501 910,441
Due to a related party 1,769 1,769 1,769
Total Current Liabilities 1,676,354 1,078,583 1,049,647
Loan Payable 0 599,438 75,000
TOTAL LIABILITIES 1,676,354 1,678,021 1,124,647
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, 2012 (16,431,452 common shares at October 31, 2011) 16,431 16,431 12,926
Additional paid-in capital 7,117,124 7,107,535 6,065,119
Deficit (4,581,539) (4,462,618) (3,924,392)
Total Stockholders' Equity 2,552,016 2,661,348 2,153,653
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,228,370 $ 4,339,369 $ 3,278,300