CONDENSED CONSOLIDATED BALANCE SHEET (USD $)	Oct. 31, 2011	Jul. 31, 2011
Current Assets:
Cash	$ 1,823,460	$ 900,883
Accounts Receivable	411,369	1,549,154
Accounts Receivable (Government Incentives)	578,796	3,344,919
Inventory	579,551	1,293,171
Prepaid expenses (current portion)	1,283,358	910,407
Loan Receivable (related party)		6,440
Other Current Assets	117,189	157,166
Total current assets	4,793,723	8,162,140
Property, plant and equipment:
Mining claims, options, and development costs	74,500	74,500
Fixed Assets	12,449,539	11,969,451
Land	515,900	515,900
Oil and gas properties (full cost method)	4,805,586	4,690,765
Property, Plant and Equipment, Gross, Total	17,845,525	17,250,616
Less: accumulated depreciation, depletion and amortization	(3,311,268)	(3,092,503)
Net property, plant and equipment	14,534,257	14,158,113
Other assets:
License agreements, net of accumulated amortization .	442,756	442,756
Loan Receivable (related party)		332,989
Prepaid expenses	872,898	1,438,722
Total Other Assets	1,315,654	2,214,467
Total assets	20,643,634	24,534,720
Current liabilities:
Accounts payable	2,139,034	1,307,654
Accrued expenses	4,962,076	5,183,849
Derivative liability	498,544
Customer Deposit Liability	127,570	2,901,054
Notes payable - current portion	297,973	702,530
Notes payable - related parties	538,786	540,286
Term Loans	8,075,425	9,923,335
Other Senior Debt	535,211	536,614
Total current liabilities	17,174,619	21,095,322
Long-term liabilities:
Mortgage Note	1,509,044	1,525,641
Notes Payable, Other	869,670	1,009,602
Asset retirement obligation	472,855	472,855
Total long-term liabilities	2,851,569	3,008,098
STOCKHOLDERS' EQUITY:
Common stock of $.006 par value; authorized 150,000,000 shares; 39,851,805 and 34,905,136 issued and outstanding at October 31, 2011 and July 31, 2011, respectively	239,111	209,431
Common stock, owed but not issued - 0 and 100,000 shares at October 31, 2011 and July 31, 2011, respectively		600
Paid-in capital	25,232,883	21,977,786
Retained deficit	(22,854,548)	(21,756,517)
Treasury Stock, 2,000,000 shares at October 31, 2011	(2,000,000)
Total stockholders' equity	617,446	431,300
Total liabilities and stockholders' equity	$ 20,643,634	$ 24,534,720