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CONSOLIDATED BALANCE SHEET (unaudited) (USD $)
Jun. 30, 2011
Dec. 31, 2010
Current assets    
Cash $ 465 $ 372
Accounts receivable   12,416
Total current assets 465 12,788
Other current assets    
Advances to related party 5,776 5,455
Total other current assets 5,776 5,455
Property, plant and equipment    
Development wells, net of depletion 2,151 151,749
Software, net 3,675 4,284
Total property, plant and equipment 5,826 156,034
Other Assets    
Deposits 950 950
Total other assets 950 950
Total assets 13,017 175,227
Current liabilities    
Accounts payable and accrued liabilities 27,989 139,936
Accounts payable - related party 179,482 201,250
Advances from related parties 38,361 38,873
Payroll liabilities 67,814 55,980
Judgment payable 120,000 120,000
Total current liabilities 433,647 556,039
Long-term liabilities    
Notes payable - related parties   368,904
Accrued interest - related parties 38,036 38,036
Total liabilities 471,682 962,979
Stockholders' (deficit)    
Preferred stock (25,000,000 shares authorized & 500,000 shares outstanding at June 30, 2011) 500 500
Common stock; $.001 par value; 100,000,000 shares authorized; 20,555,547 shares outstanding at June 30, 2011 31,067 33,356
Additional paid-in capital 15,127,345 14,608,105
Accumulated deficit (15,617,577) (15,429,712)
Total stockholders' (deficit) (458,665) (787,751)
Total liabilities and stockholders' (deficit) $ 13,017 $ 175,227 [1]
[1] The numbers in this column, for the year ended December 31, 2010, are derived from audited financials.