Quarterly report pursuant to Section 13 or 15(d)

BALANCE SHEETS

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BALANCE SHEETS (USD $)
Jul. 31, 2011
Oct. 31, 2010
Current    
Cash and cash equivalents $ 494,442 $ 62,989
Accounts receivable 231,606 74,879
Prepaid expenses and deposit 4,274 2,338
Total Current Assets 730,322 140,206
Capital assets, net 0 425
Oil and gas properties    
Proved property 3,115,223 3,118,376
Unproved properties 19,293 19,293
Total Oil and gas properties 3,134,516 3,137,669
TOTAL ASSETS 3,864,838 3,278,300
Current    
Accounts payable and accrued liabilities 92,319 137,437
Loan payable 782,653 910,441
Due to a related party 1,769 1,769
Total Current Liabilities 876,741 1,049,647
Loan Payable 599,438 75,000
TOTAL LIABILITIES 1,476,179 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: 15,631,452 common shares at July 31, 2011 (12,926,348 common shares at October 31, 2010) 15,631 12,926
Additional paid-in capital 6,836,335 6,065,119
Deficit (4,463,307) (3,924,392)
Total Stockholders' Equity 2,388,659 2,153,653
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 3,864,838 $ 3,278,300