Annual report pursuant to Section 13 and 15(d)

BALANCE SHEETS

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BALANCE SHEETS (USD $)
Oct. 31, 2011
Oct. 31, 2010
Current    
Cash and cash equivalents $ 31,201 $ 62,989
Accounts receivable 230,880 74,879
Prepaid expenses and deposit 2,147 2,338
Total Current Assets 264,228 140,206
Capital assets, net 0 425
Deferred charges 33,092 0
Oil and gas properties    
Proved property 3,717,866 3,118,376
Unproved properties 19,293 19,293
Prepayments for oil and gas explorations 304,890 0
Total oil and gas properties 4,042,049 3,137,669
TOTAL ASSETS 4,339,369 3,278,300
Current    
Accounts payable and accrued liabilities 322,313 137,437
Loan payable 754,501 910,441
Due to a related party 1,769 1,769
Total Current Liabilities 1,078,583 1,049,647
Loan Payable - Long Term 599,438 75,000
TOTAL LIABILITIES 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: 16,431,452common shares at October31, 2011 (12,926,348 common shares at October 31, 2010) 16,431 12,926
Additional paid-in capital 7,107,535 6,065,119
Deficit (4,462,618) (3,924,392)
Total Stockholders' Equity 2,661,348 2,153,653
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,339,369 $ 3,278,300