Quarterly report pursuant to Section 13 or 15(d)

BALANCE SHEETS

v2.4.0.8
BALANCE SHEETS (USD $)
Jan. 31, 2014
Oct. 31, 2013
Current    
Cash and cash equivalents $ 28,656 $ 65,542
Accounts receivable 130,654 79,217
Prepaid expenses and deposit 5,343 1,507
Total Current Assets 164,653 146,266
Oil and gas properties    
Proved properties 3,394,899 3,427,086
Unproved properties 0 0
TOTAL ASSETS 3,559,552 3,573,352
Current    
Accounts payable and accrued liabilities 186,230 136,273
Loan payable 1,285,296 1,277,161
Due to a related party 1,769 1,769
Total Current Liabilities 1,473,295 1,415,203
Asset Retirement Obligations 59,245 59,245
TOTAL LIABILITIES 1,532,540 1,474,448
STOCKHOLDERS' EQUITY    
Share Capital Authorized: 200,000,000 common voting shares with a par value of $0.001 per share Issued and outstanding: 16,931,452 common shares at January 31, 2014 (16,431,452 common shares at October 31, 2013) 16,931 16,431
Additional paid-in capital 7,169,650 7,140,150
Deficit (5,159,569) (5,057,677)
Total Stockholders' Equity 2,027,012 2,098,904
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 3,559,552 $ 3,573,352