Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows

 v2.3.0.11
Statements of Cash Flows (USD $)
 6 Months Ended 84 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Net loss before other comprehensive loss $ (40,217) $ (51,374) $ (782,338)
Depreciation, depletion, and amortization 599 2,062 6,322
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
Decrease in oil production receivable 0 2,771 0
(Increase) decrease in prepaid expense 400 (1,300) (1,500)
Increase in deposits 0 0 (1,000)
Decrease in accounts payable and accrued liabilities (5,420) (7,520) 0
Decrease in operating costs payable (1,209) (12,870) 0
Net Cash Flows (Used) by Operating Activities (45,847) (45,576) (470,461)
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 Provided (Used) by Investing Activities 0 0 (312,351)
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 (45,847) (45,576) 885,256
Cash and cash equivalents at beginning of period 931,103 993,860 0
Cash and Cash Equivalents at End of Period 885,256 948,284 885,256
Interest 0 0 0
Taxes 0 0 0
Equity issued as compensation 0 0 2,000
Imputed interest 0 0 5,221
Forgiveness of related party payable $ 0 $ 0 $ 75,078