Quarterly report pursuant to sections 13 or 15(d)

BALANCE SHEETS (Unaudited)

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BALANCE SHEETS (Unaudited) (USD $)
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Cash $ 1,130,103 $ 392
Accounts receivable-related party, net 16,450 24,800
Other current assets 19,782  
Total current assets 1,166,335 25,192
Property & equipment    
Oil and gas, on the basis of full cost accounting Unproved properties and properties under Development, not being amortized 2,000,000  
Furniture, equipment & software 16,823 13,269
Less accumulated depreciation (4,024) (12,914)
Net property and equipment 2,012,799 355
Other Assets 20,000  
Total Assets 3,199,134 25,547
Current liabilities    
Accounts payable 13,809 7,658
Accounts payable - related party   2,350
Accrued liabilities 4,338 137
Short term debt   3,250
Deferred rent 2,453  
Note payable - related party   42,301
Total current liabilities 20,600 55,696
Deferred Rent 7,929  
Total Liabilities 28,529 55,696
Stockholders' Equity (Deficit)    
Preferred stock, $.10 par value; 1,000,000 shares authorized; No shares issued & outstanding      
Common stock, $.001 par value; 50,000,000 shares authorized; 17,159,748 and 10,820,600 shares issued and outstanding 17,160 10,821
Additional paid in capital 4,519,856 185,218
Accumulated deficit (1,366,411) (226,188)
Total Stockholders' Equity (Deficit) 3,170,605 (30,149)
Total Liabilities and Stockholders' Equity (Deficit) $ 3,199,134 $ 25,547