General form of registration statement for all companies including face-amount certificate companies

STATEMENTS OF CASH FLOWS

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STATEMENTS OF CASH FLOWS (USD $)
 6 Months Ended 12 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Dec. 31, 2011
Dec. 31, 2010
Cash Flows From Operating Activities:        
Net loss $ (616,654) $ (12,766) $ (30,489) $ (17,616)
Adjustments to reconcile net loss to net cash provided by (used for) operating activities:        
Depreciation 2,026 210 420 420
Bad debt expense – related party 24,800      
Loss on disposal of assets 250      
Stock-based compensation expense 4,200      
Changes in operating assets and liabilities:        
Other assets (41,326)      
Other assets-related party (13,500)      
Accounts payable 35,948 2,751 10,908  
Accounts payable – related party (2,350)   2,350  
Accrued liabilities 4,159   137  
Deferred rent 10,880      
Net cash used in operating activities (591,567) (9,805) (16,674) (17,196)
Cash Flows From Investing Activities:        
Purchase of property and equipment (16,823)      
Purchase of oil and gas properties (475,000)      
Capital expenditures on oil and gas properties (1,375,000)      
Loan to affiliated company   (9,600) (9,800) (15,000)
Net cash used in investing activities (1,866,823) (9,600) (9,800) (15,000)
Cash Flows From Financing Activities:        
Advances from officer   1,500    
Short term debt from related parties 110,557   8,100  
Short term payments to related parties (156,108)      
Purchase of treasury stock (9,126)      
Proceeds from issuance of common stock 3,349,203      
Net cash provided by (used for)financing activities 3,294,526 1,500 8,100  
Net Increase (Decrease) In Cash 836,136 (17,905) (18,374) (32,196)
Cash At The Beginning Of The Period 392 18,766 18,766 50,962
Cash At The End Of The Period 836,528 861 392 18,766
Schedule of Non-Cash Investing and Financing Activities        
Conversion of accounts payable into notes payable     3,250  
Supplemental Disclosure        
Cash paid for interest 0 0 0 0
Cash paid for income taxes $ 0 $ 0 $ 0 $ 0