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Consolidated statements of operations (CAD)
3 Months Ended 83 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Oil and gas revenue 0 3,391 1,653,688
Direct costs      
Depletion 0 0 1,256,066
Production costs 0 3,311 1,167,045
Total direct costs 0 3,311 2,423,111
Gross Profit 0 80 (769,423)
Expenses      
Consulting 22,673 10,646 2,035,315
Depreciation 297 453 8,342
Exploration costs 0 0 308,534
Foreign exchange loss 317 (7,322) 129,586
Impairment of oil and gas costs 0 0 4,304,265
Insurance 3,432 0 29,997
Investor relations 794 375 911,515
Management fees 12,092 12,024 737,619
Office and general 2,807 16,878 767,600
Professional fees 20,499 33,791 1,118,355
Stock-based compensation 0 0 2,014,106
Travel 1,575 3,597 230,753
Wages 5,060 0 5,060
Total expenses 69,546 70,442 12,601,047
Loss before other income (expense) (69,546) (70,362) (13,370,470)
Other income (expense)      
Accretion of discount on convertible note payable 0 0 (146,205)
Gain on marketable securities 0 0 4,635
Gain on sale of oil and gas properties 0 0 381,166
Gain on settlement of debt 0 0 346,663
Interest and other revenue 0 0 109,705
Interest expense 0 0 (7,862)
Loss on sale of oil and gas properties 0 0 (53,869)
Loss on write-down of promissory note 0 0 (254,997)
Total other income (expense) 0 0 379,236
Loss before income taxes (69,546) (70,362) (12,991,234)
Deferred income tax recovery 0 0 291,060
Net loss for the period (69,546) (70,362) (12,700,174)
Other comprehensive income (loss)      
Foreign currency translation adjustment 4,520 5,971 209,203
Comprehensive loss (65,026) (64,391) (12,490,971)
Loss per share, basic and diluted 0.00 0.00   
Weighted average number of shares outstanding 20,667,581 20,667,581