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v2.4.0.6
STATEMENT OF OPERATIONS (unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenue        
Oil revenues $ 145 $ 1,839 $ 600 $ 22,748
Gas revenues 70   279 12,315
Total Revenue 215 1,839 878 35,063
Gross Profit 215 1,839 878 35,063
Operating expenses        
Lease operating expenses 81 2,325 346 23,814
Selling, general and administrative 1,114 3,989 4,315 17,058
Professional fees 48,614 43,500 141,325 247,000
Depreciation and amortization expense   305   915
Depletion expense   37   1,547
Total operating expenses 48,809 50,157 145,985 290,334
Loss from operations (49,594) (48,318) (145,107) (255,271)
Other income (expenses):        
Interest expense (550)   (550)  
Other expense       (157)
Gain on extinguishment of debt       6,331
Total other income (expenses) (550)   (550) 6,174
Loss before provision for income taxes (50,144) (48,318) (145,657) (249,097)
Provision for income taxes            
Net loss $ (50,144) $ (48,318) $ (145,657) $ (249,097)
Basic and diluted (loss) per common share $ 0 $ 0 $ 0 $ (0.01)
Basic and diluted weighted average common shares outstanding 24,217,930 25,524,824 24,217,930 25,524,824