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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended 98 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
CASH FLOWS USED IN OPERATING ACTIVITIES      
Net loss for the period $ (737,008) $ (463,866) $ (12,517,702)
Non-controlling interest   (203,527) (269,686)
Depreciation and amortization 239 239 23,542
Share-based services 676,754   7,431,970
Beneficial conversion feature on warrant issue     230,900
Gain on sale of oil business     845,680
Loss on disposal of property and equipment     5,879
Property and equipment traded for services     24,805
Change in legal trust account     (14,207)
Change in prepaid expenses         
Change in accounts payable & accrued expenses 2,500 292,508 143,735
Change in due to related parties   379,453 36,579
Cash flows provided by (used in) operating activities (57,515) 4,807 (5,749,865)
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of oil and gas property     (219,093)
Purchase of property and equipment     (54,197)
Proceeds from disposal of property and equipment     494
Increase in security deposits     (27,810)
Cash flows used in investing activities     (300,606)
CASH FLOWS FROM FINANCING ACTIVITIES      
Cash received in recapitalization of the Company     184
Proceeds from note payable     50,000
Proceeds from issuance of common stock 1,000,000   5,412,000
Offering costs from issuance of common stock     (4,000)
Net advances from related parties 32,306   1,651,169
Cash flows provided by financing activities 1,032,306   7,109,353
Net increase in cash and cash equivalents 974,791 4,807 1,058,882
Cash and cash equivalents, beginning of the period 84,091 730,922  
Cash and cash equivalents, end of the period 1,058,882 735,729 1,058,882
SUPPLEMENTAL CASH FLOW INFORMATION:      
Interest paid     59,574
Income taxes paid