Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows

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Statements of Cash Flows (USD $)
 9 Months Ended 87 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Cash Flows from Operating Activities:      
Net loss before other comprehensive loss $ (307,427) $ (62,055) $ (1,049,548)
Adjustments to reconcile net loss to cash used by operating activities:      
Depreciation, depletion, and amortization 899 2,361 6,622
Write-off of website costs 0 0 7,917
Management fees 0 0 2,000
Interest expense 0 0 5,221
Loss on impairment 0 22,655 292,917
Changes in working capital balances related to operations:      
Decrease in oil production receivable 0 3,289 0
(Increase) decrease in prepaid expense 800 (1,100) (1,100)
Increase in deposits 0 0 (1,000)
Increase (Decrease) in accounts payable and accrued liabilities (3,259) (7,505) 2,161
Decrease in operating costs payable (1,209) (12,702) 0
Net Cash Flows (Used) by Operating Activities (310,196) (55,057) (734,810)
Cash Flows from Investing Activities:      
Website costs 0 0 (7,917)
Acquisition of office furniture 0 0 (8,392)
Acquisition of oil and gas interests 0 0 (296,042)
Net Cash Flows (Used) by Investing Activities 0 0 (312,351)
Cash Flows from Financing Activities:      
Proceeds from related party payables 0 0 102,513
Payments on related party payables 0 0 (27,435)
Issuance of common stock 0 0 1,592,990
Net Cash Flows Provided by Financing Activities 0 0 1,668,068
Net Increase (Decrease) in Cash and Cash Equivalents (310,196) (55,057) 620,907
Cash and cash equivalents at beginning of period 931,103 993,860 0
Cash and Cash Equivalents at End of Period 620,907 938,803 620,907
Cash paid for:      
Interest 0 0 0
Taxes 0 0 0
Non-cash Investing and Financing Activities:      
Equity issued as compensation 0 0 2,000
Imputed interest 0 0 5,221
Forgiveness of related party payable $ 0 $ 0 $ 75,078