Annual report pursuant to section 13 and 15(d)

BALANCE SHEETS

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BALANCE SHEETS (USD $)
Dec. 31, 2012
Dec. 31, 2011
Current assets    
Cash $ 731,043 $ 392
Accounts receivable-related party, net 4,805 24,800
Other current assets 28,225 0
Total current assets 764,073 25,192
Oil and gas, on the basis of full cost accounting    
Evaluated properties 2,125,685 0
Unevaluated properties and properties under Development, not being amortized 72,950 0
Furniture, equipment & software 47,876 13,269
Less accumulated depreciation (36,057) (12,914)
Net property and equipment 2,210,454 355
Other assets 20,000 0
Total Assets 2,994,527 25,547
Current liabilities    
Accounts payable 43,892 7,658
Accounts payable - related party 0 2,350
Accrued liabilities 22,279 137
Short term debt 0 3,250
Deferred rent – current portion 2,788 0
Note payable - related party 0 42,301
Total current liabilities 68,959 55,696
Deferred Rent 7,096 0
Asset retirement obligations 52,644 0
Total Liabilities 128,699 55,696
Stockholders' Equity (Deficit)    
Preferred stock, $.10 par value; 1,000,000 shares authorized; No shares issued & outstanding 0 0
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
Treasury stock: 20,000 and 0 shares respectively (5,000) 0
Accumulated deficit (1,666,188) (226,188)
Total Stockholders' Equity (Deficit) 2,865,828 (30,149)
Total Liabilities and Stockholders' Equity (Deficit) $ 2,994,527 $ 25,547