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Condensed Consolidated Statements of Cash Flows (USD $)
3 Months Ended 112 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Operating Activities      
Net income (loss) $ 14,295 $ (322,163) $ (14,260,408)
Items not affecting cash:      
Share based compensation 13,963 41,887 1,340,050
Bad debts (267,962) 0 243,670
Depreciation and accretion 28,500 31,393 699,072
Forgiveness of loan payable 0 0 (287,406)
Settlement of lawsuit 0 0 435,549
Commissions withheld from loans proceeds 0 0 121,000
Loss on disposal of assets 0 64 226
Net changes in non-cash working capital (Note 13) 171,472 52,382 (75,704)
Net Cash (Used) in Operating Activities (39,732) (196,437) (11,783,951)
Investing Activities      
Purchase of property and equipment 0 (860) (904,469)
Investment in oil and gas properties (2,543,465) (13,520) (11,154,570)
Long term investments (7,694) (5,216) (272,686)
Cash from acquisition of subsidiary 0 0 11,141
Return of costs from Farmout Agreement 0 0 961,426
Net Cash (Used) in Investing Activities (2,551,159) (19,596) (11,359,158)
Financing Activities      
Loan payable 0 0 275,852
Loan advance - related parties 0 0 (811,746)
Note payable repayment 0 0 (111,306)
Debenture repayment 0 0 (1,004,890)
Deposit on stock subscription 0 0 300,000
Proceeds from issuance of common stock 2,700,000 0 23,969,499
Proceeds from debenture net of commissions 0 0 879,000
Net Cash Provided by Financing Activities 2,700,000 0 23,496,409
Increase (decrease) in cash and cash equivalents 109,109 (216,033) 353,300
Cash and cash equivalents, beginning of period 244,191 723,766 0
Cash and cash equivalents, end of period 353,300 507,733 353,300
Supplemental Cash Flow Information:      
Cash paid for interest $ 0 $ 0 $ 202,159