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

STATEMENT OF CASH FLOWS

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STATEMENT OF CASH FLOWS (USD $)
 6 Months Ended 12 Months Ended
Apr. 30, 2012
Apr. 30, 2011
Oct. 31, 2011
Oct. 31, 2010
Cash flows used in operating activities        
Net (loss) $ (351,040) $ (285,945) $ (538,226) $ (552,462)
Adjustments to reconcile net loss to net cash used in operating activities:        
Consulting -Debt Settlement 0 9,375 9,376 0
Consulting - Stock based compensation 9,589 0 179,789 161,366
Depreciation 0 425 425 1,021
Depletion 104,504 209,064 370,199 121,136
Write down in carrying value of oil and gas properties     0 1
Foreign exchange gain / loss 11,276 47,143 52,823 23,765
Accredited interest on loan payable 0 1,506 6,334 11,672
Change in operating assets and liabilities:        
(Increase) in accounts receivable 91,363 (95,593) (156,001) (32,684)
(Increase)in prepaid expenses and deposit 144,131 (4,073) (304,699) (2,338)
Increase in accounts payable (125,262) (36,821) 184,877 (61,813)
Net cash used in operating activities (115,439) (154,919) (195,103) (330,336)
Cash flows used in investing activities        
Oil and gas property acquisition and exploration costs (45,201) (281,164) (697,690) (285,242)
Net cash used in investing activities (45,201) (281,164) (697,690) (285,242)
Cash flows from financing activities        
Proceeds from loan payable 50,000 464,094 329,903 165,000
Proceeds from private placement     36,908 183,400
Proceeds from Stock Options and warrant 0 35,836 494,194 0
Proceeds from private placement and convertible debt 200,000 0    
Net cash from financing Activities 250,000 499,930 861,005 348,400
(Decrease) in cash and cash equivalents 89,360 63,847 (31,788) (267,178)
Cash and cash equivalents, beginning of period 31,201 62,989 62,989 330,167
Cash and cash equivalents, end of period $ 120,561 $ 126,836 $ 31,201 $ 62,989