Annual report pursuant to Section 13 and 15(d)

STATEMENT OF CASH FLOWS

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STATEMENT OF CASH FLOWS (USD $)
 12 Months Ended
Oct. 31, 2013
Oct. 31, 2012
Cash flows used in operating activities    
Net (loss) for the year $ (343,551) $ (251,508)
Adjustments to reconcile net loss to net cash used in operating activities:    
Consulting - Stock based compensation 21,279 11,336
Depletion 343,062 456,598
Write-off of oil and gas properties 19,293 0
Foreign exchange gain / loss 0 1,078
Change in operating assets and liabilities:    
(Increase)/Decrease in accounts receivable 211,719 (60,056)
(Increase)/ Decrease in prepaid expenses and deposit (32) 33,765
Increase in accounts payable 69,230 (55,270)
Net cash used in operating activities 321,000 135,943
Cash flows used in investing activities    
Oil and gas property acquisition and exploration costs (91,613) (274,132)
Proceeds from sales of oil and gas property 21,000 0
Net cash used in investing activities (70,613) (274,132)
Cash flows from financing activities    
Payments of loan payable (365,359) 87,502
Proceeds from private placement and convertible debt 0 200,000
Net cash from financing Activities (365,359) 287,502
Increase (Decrease) in cash and cash equivalents (114,972) 149,313
Cash and cash equivalents, beginning of year 180,514 31,201
Cash and cash equivalents, end of year 65,542 180,514
Supplemental information of cash flows:    
Interest paid in cash 267,357 237,641
Income taxes paid in cash $ 0 $ 0