Quarterly report pursuant to Section 13 or 15(d)

STATEMENT OF CASH FLOWS

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STATEMENT OF CASH FLOWS (USD $)
 9 Months Ended
Jul. 31, 2012
Jul. 31, 2011
Cash flows used in operating activities    
Net (loss) for the period $ (282,918) $ (538,915)
Adjustments to reconcile net loss to net cash used in operating activities:    
Consulting -Debt Settlement 0 9,376
Consulting - Stock based compensation 9,589 179,789
Depreciation 0 425
Depletion 277,267 284,317
Foreign exchange gain / loss 803 75,410
Accredited interest on loan payable 0 10,358
Change in operating assets and liabilities:    
(Increase)/Decrease in accounts receivable (266,986) (156,727)
(Increase)/ Decrease in prepaid expenses and deposit 334,885 (1,936)
Increase in accounts payable (140,304) (45,118)
Net cash used in operating activities (67,664) (183,021)
Cash flows used in investing activities    
Oil and gas property acquisition and exploration costs (247,092) (281,164)
Net cash used in investing activities (247,092) (281,164)
Cash flows from financing activities    
Payments of loan payable 100,000 331,444
Proceeds from Stock Options and warrant 0 494,194
Proceeds from private placement and convertible debt 200,000 70,000
Net cash from financing Activities 300,000 895,638
Increase (Decrease) in cash and cash equivalents (14,756) 431,453
Cash and cash equivalents, beginning of period 31,201 62,989
Cash and cash equivalents, end of period $ 16,445 $ 494,442