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Balance Sheets

In millions of USD, except per-share amounts
Mar 2012
As of Mar 31, 2012
Dec 2011
As of Dec 31, 2011
Sep 2011
As of Sep 30, 2011
Jun 2011
As of Jun 30, 2011
Cash
Cash
Accounts receivable
Total Current Assets
Unevaluated
Long term assets
Oil and Gas Asset PROPERTIES (full cost method) Unevaluated
Total Assets
LIABILITIES AND STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES:
Accounts payable and accrued liabilities
Related party payable
Note payable-net of discount
Notes payable, net of discount
Advances payable
Indebtedness to related parties
Total current liabilities
Shareholders' deficit:
Common stock, $.001 par value; 300,000,000 shares authorized, 162,082,542 and 162,082,542 issued and outstanding, respectively
Additional paid-in capital
Deficit accumulated during exploration stage
Accumulated deficit during exploration stage
Total stockholders' deficit
Deficit accumulated after entering the exploration stage
Total shareholders' deficit
Total Liabilities and Stockholders' Deficit

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