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, 2012
Oct. 31, 2011
Cash flows from (used in) operating activities    
Net (loss) for the year $ (251,508) $ (538,226)
Adjustments to reconcile net loss to net cash used in operating activities:    
Consulting -Debt Settlement 0 9,376
Consulting - Stock based compensation 11,336 179,789
Depreciation 0 425
Depletion 456,598 370,199
Foreign exchange gain / loss 1,078 52,823
Accredited interest on loan payable 0 6,334
Change in operating assets and liabilities:    
(Increase)/Decrease in accounts receivable (60,056) (156,001)
(Increase)/Decrease in prepaid expenses and deposit 33,765 241
Increase/(Decrease) in accounts payable (55,270) 184,877
Net cash from (used in) operating activities 135,943 109,837
Cash flows (used in) investing activities    
Oil and gas property acquisition and exploration costs (274,132) (1,002,630)
Net cash used in investing activities (274,132) (1,002,630)
Cash flows from financing activities    
Proceeds from loan payable 100,000 329,903
Proceeds from private placement and convertible debt 200,000 36,908
(Payment) of loan payable (12,498) 0
Proceeds from Stock Options and warrant 0 494,194
Net cash from financing Activities 287,502 861,005
Increase (Decrease) in cash and cash equivalents 149,313 (31,788)
Cash and cash equivalents, beginning of year 31,201 62,989
Cash and cash equivalents, end of year 180,514 31,201
Supplemental information of cash flows:    
Interest paid in cash 0 0
Income taxes paid in cash $ 0 $ 0