Quarterly report pursuant to Section 13 or 15(d)

Statements of Operations

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Statements of Operations (USD $)
 3 Months Ended 92 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Revenue from oil and gas properties $ 0 $ 2,624 $ 16,744
Production costs 0 (600) (15,252)
Depreciation, depletion, amortization 0 0 (3,125)
Results from oil and gas operations 0 2,024 (1,633)
General and administrative expenses:      
Accounting and legal 69,555 8,612 251,318
Advertising and promotion 0 0 49,614
Consulting 300 10,275 135,750
Management and director fees 3,750 3,750 66,150
Transfer agent and filing 3,690 310 37,009
Rent 3,300 3,300 47,700
Depreciation 300 300 4,097
Other 730 209 44,772
Total general and administrative expenses 81,625 26,756 636,410
Non-refundable transaction fee 0 0 250,000
Loss from operations (81,625) (24,732) (888,043)
Other income and (expense):      
Dividend and interest Income 16,089 780 58,276
Interest expense 0 0 (5,221)
Loss on impairment of oil and gas properties 0 0 (292,917)
Total other income and (expense) 16,089 780 (239,862)
Net Loss Applicable to Common Stockholders $ (65,536) $ (23,952) $ (1,127,905)
Net loss per common share, basic and diluted $ (0.01) $ (0.01)  
Weighted average number of common shares outstanding, basic and diluted 5,433,748 3,548,200