Quarterly report pursuant to Section 13 or 15(d)

BALANCE SHEETS

v2.4.0.8
BALANCE SHEETS (USD $)
Apr. 30, 2014
Oct. 31, 2013
Current    
Cash and cash equivalents $ 951,740 $ 65,542
Accounts receivable 100,323 79,217
Prepaid expenses and deposit 414,937 1,507
Total Current Assets 1,467,000 146,266
Oil and gas properties    
Proved properties 3,370,540 3,427,086
TOTAL ASSETS 4,837,540 3,573,352
Current    
Accounts payable and accrued liabilities 134,385 136,273
Loan payable 909,592 1,277,161
Due to a related party 1,769 1,769
Total Current Liabilities 1,045,746 1,415,203
Asset Retirement Obligations 59,245 59,245
TOTAL LIABILITIES 1,104,991 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: 31,839,664 common shares at April 30, 2014 and 16,431,452 common shares at October 31, 2013 31,839 16,431
Additional paid-in capital 9,353,612 7,140,150
Deficit (5,652,902) (5,057,677)
Total Stockholders' Equity 3,732,549 2,098,904
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,837,540 $ 3,573,352