Annual report pursuant to section 13 and 15(d)

STATEMENTS OF CASH FLOWS

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STATEMENTS OF CASH FLOWS (USD $)
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Cash Flows from Operating Activities    
Net loss $ (1,440,000) $ (30,489)
Adjustment to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 36,162 420
ARO Accretion 1,549 0
Bad debt expense 24,800 0
Loss on sale/disposal of assets 249 0
Stock-based compensation expense - employees 4,200 0
Stock-based compensation expense - consultants 73,500 0
Changes in operating assets and liability    
Accounts Receivable – Related Party (4,805) 0
Other assets (44,818) 0
Accounts Payable 32,827 10,908
Accounts Payable - Related party (2,350) 2,350
Accrued Liability 24,930 137
Deferred rent 7,096 0
Cash flows from operating activities: (1,286,660) (16,674)
Cash Flows from Investing Activities    
Purchase property and equipment (47,875) 0
Purchase of oil and gas properties (475,000) 0
Capital expenditures on oil and gas properties (1,672,540) 0
Loan to related party 0 (9,800)
Cash flows from investing activities: (2,195,415) (9,800)
Cash Flows from Financing Activities    
Payments on related parties debt (156,108) 0
Amounts borrowed from related parties 110,557 8,100
Purchase of treasury stock (14,126) 0
Proceeds from issuance of common stock 4,272,403 0
Cash flows from financing activities: 4,212,726 8,100
Net change in cash and cash equivalents 730,651 (18,374)
Cash and cash equivalents    
Beginning of period 392 18,766
End of period 731,043 392
SUPPLEMENTAL DISCLOSURES    
Interest paid 0 0
Income taxes paid 0 0
NON-CASH INVESTING AND FINANCIAL DISCLOSURES    
Initial recognition of asset retirement obligations 51,095 0
Revisions to asset retirement obligations $ 0 $ 0