Note 1 - Organization and Description of Business Note 2 - Summary of Significant Accounting Policies: Use of Estimates (Policies)
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12 Months Ended |
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Jun. 30, 2013
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Policies | |
Use of Estimates | Use of Estimates
Management uses estimates and assumptions in preparing these financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. |
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M-3
1 Months Ended
12 Months Ended
13 Months Ended
Revenues
Revenues
$ 0
$ 3,808
$ 3,808
Total Revenues
0
3,808
3,808
General and Administrative Expenses
Administrative Expenses
95
15,476
15,571
Amortization
1,034
12,677
13,711
Oil Well Operating and Maintenance Expenses
7,743
10,340
18,083
Total Expenses
8,872
38,493
47,365
Net loss from Operations
(8,872)
(34,685)
(43,557)
Other Income (Expense)
Interest Expense
0
(22)
(22)
Forgiveness for debt
0
7,125
7,125
Total Other Income (Expense)
0
7,103
7,103
Net (Loss)
$ (8,872)
$ (27,582)
$ (36,454)
Basic Earnings Per Share
$ 0
$ 0
Weighted average number of common shares used in per share calculations
3,666,667
4,308,219