Consolidated Statements of Expenses (Unaudited) (USD $)	12 Months Ended	43 Months Ended
Feb. 28, 2013	Feb. 29, 2012	Feb. 28, 2013
Revenue
Interest income	$ 596		$ 618
Total revenue	596		618
OPERATING EXPENSES
General & administrative	1,757,793	737,113	2,665,184
Research & development	516,798	854,550	1,541,203
Depreciation	11,125	943	12,396
Warrant Expense	228,689	149,999	378,688
Accretion of debt discount	1,500		1,500
Stock-based compensation	5,270	684,049	764,104
Total Operating Expenses	2,521,175	2,426,654	5,363,075
NET LOSS	$ (2,520,579)	$ (2,426,654)	$ (5,362,457)
Net loss per share, basic and dilutedBasic & Diluted Net Loss Per Share	$ (0.12)	$ (0.15)
Weighted average of shares outstanding	20,882,199	16,190,838

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The increase in the net discounted value of the proved oil and gas reserves due only to the passage of time.

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The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.

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The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.

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Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS).

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