Quarterly report pursuant to sections 13 or 15(d)

STATEMENTS OF CASH FLOWS (Unaudited)

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STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash Flows from Operating Activities    
Net loss $ (371,933) $ (47,223)
Adjustment to reconcile net loss to net cash provided by/(used in) operating activities:    
Depreciation and amortization 20,235 105
ARO accretion 1,595 0
Bad debt expense 0 24,800
Changes in operating assets and liabilities    
Accounts receivable – related party 4,805 0
Other assets (8,744) (18,924)
Accounts payable (13,906) 9,210
Accounts payable - related party 3,561 5,044
Accrued Liabilities 42,571 1,701
Deferred rent (498) 0
Net cash flows from operating activities (322,314) (25,287)
Cash Flows from Investing Activities    
Purchase of property and equipment 0 (12,442)
Capital expenditures on oil and gas properties (3,318) 0
Cash flows from investing activities: (3,318) (12,442)
Cash Flows from Financing Activities    
Amounts borrowed from related parties 0 110,557
Cash flows from financing activities 0 110,557
Net change in cash and cash equivalents (325,632) 72,828
Beginning of period 731,043 392
End of period 405,411 73,220
NON-CASH FINANCING DISCLOSURES    
Accrual for purchase of treasury shares (Note 5) 900 0
Cancellation of treasury shares $ 5,000 $ 0