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

STATEMENTS OF OPERATIONS

v2.4.0.6
STATEMENTS OF OPERATIONS (USD $)
 3 Months Ended 12 Months Ended
Jan. 31, 2012
Jan. 31, 2011
Oct. 31, 2011
Oct. 31, 2010
Revenue        
Natural gas and oil revenue * $ 249,383 [1] $ 262,042 [1] $ 1,133,766 $ 362,471
Cost of revenue        
Natural gas and oil operating costs 79,635 83,790 297,656 152,479
Depletion 65,570 127,219 370,199 121,136
Total cost of revenues 145,205 211,009 667,855 273,615
Gross profit (loss) 104,178 51,033 465,911 88,856
Expenses        
Accounting and audit 0 17,973 32,433 27,547
Insurance 2,147 2,338 8,749 7,014
Advertising and promotions 1,846 620 40,920 559
Bank charges and exchange loss 469 14,066 55,052 26,832
Stock Based Compensation 9,589 0 179,789 161,366
Consulting 75,892 48,115 262,134 168,512
Depreciation 0 255 425 1,021
Fees and Dues 10,175 6,488 36,454 26,567
Interest expense from loan payable 53,098 56,864 223,673 167,322
Investor relation 17,537 22,153 29,153 1,943
Legal and professional 40,392 4,311 58,015 23,015
Office and miscellaneous 1,127 1,421 5,181 1,213
Rent 3,754 3,427 14,620 15,404
Telephone 650 1,395 3,047 2,917
Training 0 268 268 0
Travel 6,423 1,516 48,247 4,340
Taxes     5,977 5,745
Write down of oil and gas property     0 1
Operating expenses 223,099 181,210 1,004,137 641,318
Net (loss) and comprehensive loss for the period $ (118,921) $ (130,177) $ (538,226) $ (552,462)
Basic and diluted (loss) per share $ (0.01) $ (0.01) $ (0.04) $ (0.04)
- Basic and diluted 16,431,452 12,979,921 14,176,503 12,325,675
[1] 2011 Revenue and cost of revenue for these months ended January 31, 2011 has been reclassified