Quarterly report pursuant to Section 13 or 15(d)

STATEMENT OF CASH FLOWS

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STATEMENT OF CASH FLOWS (USD $)
 3 Months Ended
Jan. 31, 2013
Jan. 31, 2012
Cash flows used in operating activities    
Net (loss) $ (112,074) $ (118,921)
Adjustments to reconcile net loss to net cash used in operating activities:    
Consulting - Stock based compensation 0 9,589
Depletion 117,598 65,570
Foreign exchange gain / loss 2,133 (1,426)
Change in operating assets and liabilities:    
(Increase)/Decrease in accounts receivable 51,025 54,442
(Increase)/ Decrease in prepaid expenses and deposit (4,456) 145,469
Increase in accounts payable 8,263 (200,241)
Net cash used in operating activities 62,489 (45,518)
Cash flows used in investing activities    
Oil and gas property acquisition and exploration costs (37,141) (45,201)
Net cash used in investing activities (37,141) (45,201)
Cash flows from financing activities    
Payments of loan payable (166,925) 0
Proceeds from private placement and convertible debt 0 200,000
Net cash from financing Activities (166,925) 200,000
Increase (Decrease) in cash and cash equivalents (141,577) 109,281
Cash and cash equivalents, beginning of period 180,514 31,201
Cash and cash equivalents, end of period $ 38,937 $ 140,482