Quarterly report pursuant to Section 13 or 15(d)

Statements of Operations

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Statements of Operations (USD $)
3 Months Ended 6 Months Ended 84 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Revenue from oil and gas properties $ 0 $ 1,258 $ 2,624 $ 6,455 $ 16,744
Production costs 0 (1,429) (600) (3,253) (15,252)
Depreciation, depletion, and amortization 0 0 0 (1,463) (3,125)
Results from oil and gas operations 0 (171) 2,024 1,739 (1,633)
Accounting and legal 9,096 1,955 17,708 14,912 171,453
Advertising and promotion 0 0 0 0 49,614
Consulting 0 0 10,275 0 135,450
Management and director fees 3,750 3,750 7,500 7,500 54,900
Transfer agent and filing 320 695 630 1,430 27,434
Rent 3,300 3,100 6,600 6,100 37,800
Depreciation 299 300 599 600 3,197
Other 207 450 416 1,312 40,187
Total General Administrative Expenses 16,972 10,250 43,728 31,854 520,035
Loss From Operations (16,972) (10,421) (41,704) (30,115) (521,668)
Dividend and interest Income 707 1,047 1,487 1,396 37,468
Interest expense 0 0 0 0 5,221
Loss on impairment of oil and gas properties 0 (22,655) 0 (22,655) (292,917)
Total Other Income and (Expense) 707 (21,608) 1,487 (21,259) (260,670)
Loss Before Income Taxes (16,265) (32,029) (40,217) (51,374) (782,338)
Income tax benefit (expense) 0 0 0 0 0
Net loss before other comprehensive loss $ (16,265) $ (32,029) $ (40,217) $ (51,374) $ (782,338)
Net loss per common share, basic and diluted $ 0.00 $ (0.01) $ (0.01) $ (0.01)  
Weighted average number of common shares outstanding 3,548,200 3,548,200 3,548,200 3,548,200