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STATEMENTS OF OPERATIONS (USD $)
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3 Months Ended | |
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Jan. 31, 2013
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Jan. 31, 2012
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| Revenue | ||
| Natural gas and oil revenue | $ 351,491 | $ 249,383 |
| Cost of revenue | ||
| Natural gas and oil operating costs | 105,565 | 79,635 |
| Depletion | 117,598 | 65,570 |
| Total cost of revenue | 223,163 | 145,205 |
| Gross profit (loss) | 128,328 | 104,178 |
| Expenses | ||
| Accounting and audit | 30,081 | 0 |
| Insurance | 1,475 | 2,147 |
| Advertising and promotions | 338 | 1,846 |
| Bank charges and exchange loss | 2,436 | 469 |
| Stock Based Compensation | 0 | 9,589 |
| Consulting | 51,618 | 75,892 |
| Fees and Dues | 9,522 | 10,175 |
| Interest expense from loan payable | 116,457 | 53,098 |
| Investor relation | 0 | 17,537 |
| Legal and professional | 14,746 | 40,392 |
| Office and miscellaneous | 4,179 | 1,127 |
| Rent | 3,919 | 3,754 |
| Telephone | 1,584 | 650 |
| Travel | 4,047 | 6,423 |
| Total operating expenses | 240,402 | 223,099 |
| Net (loss) for the period | $ (112,074) | $ (118,921) |
| Basic and diluted (loss) per share | $ (0.01) | $ (0.01) |
| Weighted average number of common shares outstanding - Basic and diluted | 16,431,452 | 16,431,452 |
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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 relations No definition available.
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- Definition
The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the reporting entity. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, but excludes any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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 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 or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or 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. No definition available.
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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 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
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
Expenses incurred for travel and entertainment during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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