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STATEMENTS OF OPERATIONS (USD $)
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3 Months Ended | 6 Months Ended | 12 Months Ended | |||
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Apr. 30, 2012
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Apr. 30, 2011
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Apr. 30, 2012
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Apr. 30, 2011
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Oct. 31, 2011
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Oct. 31, 2010
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| Revenue | ||||||
| Natural gas and oil revenue | $ 144,860 | $ 287,596 | $ 394,243 | $ 549,273 | $ 1,133,766 | $ 362,471 |
| Cost of revenue | ||||||
| Natural gas and oil operating costs | 104,211 | 129,940 | 183,846 | 213,364 | 297,656 | 152,479 |
| Depletion | 38,934 | 81,845 | 104,504 | 209,064 | 370,199 | 121,136 |
| Total cost of revenue | 143,145 | 211,785 | 288,350 | 422,428 | 667,855 | 273,615 |
| Gross profit (loss) | 1,715 | 75,811 | 105,893 | 126,845 | 465,911 | 88,856 |
| Expenses | ||||||
| Accounting and audit | 28,342 | 5,096 | 28,342 | 23,069 | 32,433 | 27,547 |
| Insurance | 1,474 | 2,137 | 3,621 | 4,475 | 8,749 | 7,014 |
| Advertising and promotions | 770 | 20,335 | 2,616 | 20,955 | 40,920 | 559 |
| Bank charges and exchange loss | 11,868 | 49,351 | 12,337 | 63,417 | 55,052 | 26,832 |
| Stock Based Compensation | 0 | 0 | 9,589 | 0 | 179,789 | 161,366 |
| Consulting | 50,707 | 66,613 | 126,599 | 114,728 | 262,134 | 168,512 |
| Depreciation | 0 | 170 | 0 | 425 | 425 | 1,021 |
| Fees and Dues | 17,787 | 4,524 | 27,962 | 11,012 | 36,454 | 26,567 |
| Interest expense from loan payable | 59,897 | 57,843 | 112,995 | 114,707 | 223,673 | 167,322 |
| Investor relation | 12,079 | 7,000 | 29,616 | 29,153 | 29,153 | 1,943 |
| Legal and professional | 35,419 | 3,578 | 75,811 | 7,889 | 58,015 | 23,015 |
| Office and miscellaneous | 524 | 592 | 1,651 | 2,015 | 5,181 | 1,213 |
| Rent | 3,921 | 3,545 | 7,675 | 6,972 | 14,620 | 15,404 |
| Telephone | 624 | 531 | 1,274 | 1,926 | 3,047 | 2,917 |
| Taxes | 0 | 5,385 | 0 | 5,385 | 5,977 | 5,745 |
| Training | 0 | 0 | 0 | 268 | 268 | 0 |
| Travel | 10,422 | 4,878 | 16,845 | 6,394 | 48,247 | 4,340 |
| Write down of oil and gas property | 0 | 1 | ||||
| Total operating expenses | 233,834 | 231,578 | 456,933 | 412,790 | 1,004,137 | 641,318 |
| Net (loss) for the year | $ (232,119) | $ (155,767) | $ (351,040) | $ (285,945) | $ (538,226) | $ (552,462) |
| Basic and diluted (loss) per share | $ (0.01) | $ (0.01) | $ (0.02) | $ (0.02) | $ (0.04) | $ (0.04) |
| Weighted average number of common shares outstanding - Basic and diluted | 16,431,452 | 13,087,131 | 16,431,452 | 13,032,412 | 14,176,503 | 12,325,675 |
| X | ||||||||||
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- Definition
Bank charges and exchange loss No definition available.
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- Definition
Fees and Dues No definition available.
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- Definition
Investor relation No definition available.
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- Definition
Training No definition available.
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- Definition
The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The noncash expense charged against earnings to recognize the consumption of oil and gas reserves that are part of an entities' assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate costs of direct communications and utilities incurred during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cost incurred related to the upstream oil and gas activities, such as the exploration, development, and production of crude petroleum and natural gas. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate costs related to general contracting services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The expense in the period incurred with respect to protection provided by insurance entities against risks other than risks associated with production (which are allocated to cost of sales). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The expense recorded to reduce the value of oil and gas assets consisting of proved properties and unproved properties as the estimate of future successful production from these properties is reduced. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Rental expense incurred for leased assets including furniture and equipment which has not been recognized in costs and expenses applicable to sales and revenues; for example, cost of goods sold or other operating costs and expenses. No definition available.
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- Definition
The amount of expense provided in the period for legal costs incurred on or before the balance sheet date pertaining to resolved, pending or threatened litigation, including arbitration and mediation proceedings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue during the period related to oil and gas business activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Details
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- Definition
A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Taxes, excluding payroll, income and excise taxes, if not included elsewhere, that could include production, real and personal property, and other selling and distribution-related taxes. No definition available.
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- Definition
Expenses incurred for travel and entertainment during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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